Director of Finance

$102,500 - $153,800/Yr

Universal Health Services - Reno, NV

Full-time - Senior

Reno, NV

251-500 employees

Hospitals

About the position

Prominence Health is a value-based care organization that bridges the gap between affiliated health systems and independent providers, fostering trust and collaboration. The organization aims to create value for populations and providers, strengthening integrated partnerships, advancing market opportunities, and improving outcomes for patients and members. Founded in 1993, Prominence Health began as a health maintenance organization (HMO) and was acquired by a subsidiary of Universal Health Services, Inc. (UHS) in 2014. The organization serves members, physicians, and health systems across various programs, including Medicare, Medicare Advantage, Accountable Care Organizations, and commercial payer partnerships. Prominence Health is dedicated to transforming healthcare delivery by enhancing health outcomes while controlling costs and improving the patient experience. The Director of Finance plays a crucial role in overseeing the financial activities of the Prominence Health Plan companies, which include Prominence HealthFirst, Prominence Preferred Health Insurance Company, CDS of Nevada, Inc., Nevada Preferred Healthcare Providers, Prominence HealthFirst of Texas, Inc., and Prominence HealthFirst of Florida. This position encompasses a wide range of responsibilities, including health plans accounting and financial reporting, regulatory reporting, statutory accounting, budgeting, IBNR reserve preparation, premium billing and collection, and coordination with corporate accounting functions. Additionally, the Director of Finance is responsible for administering the annual reinsurance program and actively participates with the CFO and other executives in developing and implementing key strategic initiatives.

Responsibilities

• Oversee the financial activities of Prominence Health Plan companies.
• Manage health plans accounting and financial reporting.
• Ensure compliance with regulatory reporting and statutory accounting requirements.
• Prepare budgets and IBNR reserves.
• Oversee premium billing and collection processes.
• Coordinate with centralized accounting, reporting, and accounts payable functions provided by corporate accounting.
• Administer the annual reinsurance program.
• Collaborate with the CFO and other executives on strategic initiatives.

Requirements

• Bachelor's degree in Finance or Accounting required; Master's degree preferred.
• Certified Public Accountant (CPA) preferred.
• Minimum of six years' experience in a financial role with proven leadership in a managed care organization.
• Ability to communicate effectively in English, both verbally and in writing.
• Proven ability to establish sustainable relationships with clients, regulatory agencies, and internal functional areas.
• Deep understanding of healthcare delivery and financing, including inter-relationships for alignment of incentives and information.
• Excellent analytical skills to identify financial improvement opportunities and establish actionable paths.
• Familiarity with regulatory compliance requirements and ability to monitor third-party partners and internal operations.
• Strong communication and presentation skills, with the ability to articulate vision clearly.
• Demonstrated ability to build capacity consistent with UHS' strategic growth targets.
• Excellent human relations skills to impact and influence results.
• Strong project management and plan execution skills.

Nice-to-haves

• Experience in a healthcare setting.
• Knowledge of financial software and tools.
• Ability to mentor and develop internal staff.

Benefits

• Loan Forgiveness Program
• Challenging and rewarding work environment
• Competitive Compensation & Generous Paid Time Off
• Excellent Medical, Dental, Vision and Prescription Drug Plans
• 401(K) with company match and discounted stock plan
• SoFi Student Loan Refinancing Program
• Career development opportunities within UHS and its 300+ Subsidiaries!