Senior Director, Health Plan Finance at Sanford Health

Sanford Health is seeking a highly motivated and experienced Senior Director of Health Plan Finance to join our dynamic team in Sioux Falls, South Dakota. As a key member of our leadership team, you will be responsible for managing and applying resources to general enterprise financial operations, as well as leading financial activities that ensure accurate and complete financial reporting. Your expertise will be crucial in driving strategic financial planning, cost management, and overall financial health of the organization.

Role Overview

As the Senior Director of Health Plan Finance, you will oversee all financial aspects of our health plan operations. This includes managing cyclical projects, leading a team of financial professionals, and providing strategic financial guidance to senior leadership. You will play a pivotal role in ensuring compliance with Generally Accepted Accounting Principles (GAAP) and other regulatory requirements. Your ability to analyze complex financial data, develop insightful forecasts, and identify opportunities for cost savings and margin improvement will be essential to your success in this role.

A Day in the Life

Here’s what a typical day might look like for you:

1. Strategic Planning: Participate in strategic planning meetings with senior leadership to align financial goals with overall business objectives.
2. Financial Analysis: Analyze financial data to identify trends, risks, and opportunities for improvement.
3. Team Management: Lead and mentor a team of financial professionals, providing guidance and support to ensure their success.
4. Reporting and Compliance: Oversee the preparation of accurate and timely financial reports and ensure compliance with GAAP and other regulatory requirements.
5. Budget Management: Review and approve operating plans and financial forecasts, ensuring alignment with strategic goals.
6. Stakeholder Communication: Communicate financial information to stakeholders, including senior leadership, board members, and external auditors.
7. Process Improvement: Identify and implement process improvements to enhance efficiency and accuracy in financial operations.
8. Risk Management: Assess and mitigate financial risks, ensuring the organization's financial stability.
9. Collaboration: Collaborate with other departments to ensure alignment of financial goals and operational objectives.
10. Innovation: Encourage innovative approaches to financial management and contribute to the organization's overall financial strategy.

Why Sioux Falls, South Dakota?

Sioux Falls is a vibrant and growing city that offers a high quality of life. It boasts a strong economy, excellent schools, and a thriving arts and culture scene. Located in the heart of the Midwest, Sioux Falls offers a unique blend of small-town charm and big-city amenities. As the base for Sanford's executive leadership, Sioux Falls reflects the values of our organization, emphasizing servant leadership and meaningful community engagement. Relocation to Sioux Falls is required for this senior leadership role, reinforcing our commitment to the community and our dedication to advancing innovation and excellence in healthcare.

Career Path

Sanford Health is committed to the professional growth and development of our employees. The Senior Director of Health Plan Finance role offers a clear path for career advancement within the organization. Potential career paths may include:

• Executive Director of Finance: Oversee multiple financial functions and provide strategic leadership to a larger team.
• Vice President of Finance: Assume broader responsibilities for financial planning and analysis, reporting directly to the CFO.
• Chief Financial Officer (CFO): Lead all financial operations of the organization and serve as a key member of the executive leadership team.

Salary and Benefits

The salary range for this position is estimated between $140,000 and $220,000 per year, depending on experience and qualifications. Sanford Health offers a comprehensive benefits package that includes:

• Comprehensive health insurance plans (medical, dental, vision).
• Generous paid time off (PTO) and vacation days.
• Retirement savings plans (401k) with employer matching contributions.
• Life insurance and disability coverage.
• Flexible spending accounts (FSA) and health savings accounts (HSA).
• Wellness programs and employee assistance programs (EAP).
• Professional development opportunities and tuition reimbursement.
• Employee discounts on various products and services.
• Relocation assistance may be available for qualified candidates.
• Supportive work environment with opportunities for growth and advancement.
• Commitment to diversity and inclusion.
• Opportunities for community involvement and volunteer work.
• Access to state-of-the-art facilities and technology.
• Competitive salary and performance-based bonuses.
• Employee recognition programs.

Sanford Health Culture

At Sanford Health, we are committed to the work of health and healing. We strive to create a supportive and inclusive work environment where all employees feel valued and respected. Our core values include:

• Integrity: We act with honesty and transparency in all that we do.
• Excellence: We are committed to providing the highest quality care and service.
• Innovation: We embrace new ideas and technologies to improve patient outcomes.
• Respect: We treat each other with dignity and compassion.
• Teamwork: We work together to achieve common goals.

How to Apply

If you are a qualified and experienced financial leader who is passionate about making a difference in healthcare, we encourage you to apply for the Senior Director of Health Plan Finance position at Sanford Health. To apply, please submit your resume and cover letter through our online application portal. Be sure to highlight your relevant experience and qualifications, and explain why you are interested in joining the Sanford Health team.

Frequently Asked Questions (FAQ)

1. What is the required education for this position? A Bachelor’s degree in finance, accounting, business, or a related field is required. A Master's degree in Finance (MiF), Accounting (MAcct), Business Administration (MBA), or a related field is preferred.
2. How much management experience is required? Five years of management experience is required.
3. Is healthcare experience required? Experience in the healthcare industry is preferred.
4. Is a CPA certification required? A Certified Public Accountant (CPA) certification is preferred.
5. What are the key responsibilities of this role? Key responsibilities include managing financial operations, leading financial activities, providing strategic financial guidance, and ensuring compliance with GAAP and other regulatory requirements.
6. What are the benefits of working at Sanford Health? Sanford Health offers a comprehensive benefits package that includes health insurance, paid time off, retirement savings plans, and professional development opportunities.
7. What is the work environment like at Sanford Health? Sanford Health is committed to creating a supportive and inclusive work environment where all employees feel valued and respected.
8. What are the opportunities for career advancement at Sanford Health? Sanford Health offers a clear path for career advancement, with opportunities to move into leadership roles such as Executive Director of Finance, Vice President of Finance, and Chief Financial Officer (CFO).
9. What is the relocation policy for this position? Relocation to Sioux Falls, South Dakota, is required for this senior leadership role. Relocation assistance may be available for qualified candidates.
10. How does Sanford Health support employee development? Sanford Health provides professional development opportunities and tuition reimbursement to support employee growth and advancement.