IT Finance Manager - Owings Mills, MD (#0125) Our client, a large health insurance provider in the Mid-Atlantic region, is currently looking for a full-time IT Finance Manager to work out of their Owings Mills, MD location. PURPOSE: Purpose of this position is to oversee the TOS Division's Operating Expense and Capital Budgets totaling approximately $165 million and $10M respectively. Position will manage financial reporting, analysis, forecasting, trending, development and monitoring of the TOS Division's Budget and Corporate Initiative Budgets in conjunction with TOS Leadership and Corporate Finance. This position also provides financial support to the TOS Leadership, PMO and Corporate Finance in monitoring Corporate Initiative Project Budgets, expense and capital, as well as procuring resources and infrastructure. Responsibilities include managing the sourcing, contracting and evaluation of TOS sourcing options, including the review and evaluation of proposals, contracts and statements of work related to TOS services to insure compliance with all pertinent rules, regulations and controls. This Manager will directly interface with Corporate Finance, Internal & External Audit, Vendors, Procurement, Legal and TOS Leadership to support delivery of information technology solutions for the company. This position plays a key role in assuring that the company receives the full value of the spend and that IT spend is tied to Business priorities. PRINCIPAL ACCOUNTABILITIES: Under the direction of the TOS Finance, Vendor & Contract Compliance Director, responsibilities include, but are not limited to: Annual Development of TOS Operating Plan (Expense and Capital) Manage associate, contractor and SSP/Managed Services arrangements - Position Control Number (PCNs) and financial planning. Oversee redeployment of associate Position Control Numbers (PCNs) to accommodate divisional re-organization activities to align corporate source information systems (PeopleSoft & Oracle Financials). Hardware and software (licensing and maintenance) expense and capital plan development spanning 100+ suppliers impacting the day-to-day operational plan. Budget training - Develop/edit training materials for TOS cost center owners for budget cycle. Assist Staff Development team in training of materials. Conduct VP/Director level budget presentation sessions to build budget requirements. Present plan parameters to C-level (CFO/CEO) leadership to gain agreement on overall plan parameters. Align all TOS departments to CFO/CEO targets. Support TOS Division and Strategic Planning department in creation of materials for Board of Directors. Day-to-Day Management of the TOS Operating Plan Management Oversee monthly operating expense variance analysis (in concert with TOS Leadership) and monthly reporting. Oversee and approve TOS forecasting and trending. Develop and monitor financial reporting packages - to include budget, associate headcount and contractor headcount parameters. Understand, represent and insure visibility of cost drivers. Develop action plans to mitigate variance to plan. Review/approve Executive Summaries (400+/year) for financial expenditures, Staffing requests (150+/year) and Strategic Sourcing Partner Beeline requests (150+/year) to insure financial controls are maintained. Oversee and approve Oracle Financials security access for line management. Provide oversight and guidance to TOS personnel regarding financial matters. Work with each Manager, Director and VP in TOS, assuring connectivity to Corporate Finance and Human Resources. Respond to regulatory requests regarding accounting and financial issues. Provide support for corporate financial process changes. Review Corporate Initiative administrative expense and capital expenditure budgeting, identifying impact to the TOS operating plan in coordination with the Corporate Initiative portfolio team and Finance Plan and manage division and the departmental budgets for VP's and Directors across TOS TOS Financial Performance Metrics - Coordinate, Compile, Summarize, Validate and produce monthly and quarterly reports on behalf of the TOS Division related to Financials. Coordinate/integrate expenditures tied to TOS operational plan Strategic Sourcing Partner (SSP) spend Track and report filled positions, open positions, positions in recruitment, held positions, etc. Ad Hoc Financial Analysis Create detailed analysis tied to reorganization activities (re-base lining financial targets), capital planning, and intercompany transfers. Support contractor-to-associate conversions and PCN upgrade activities via financial modeling of proposals. Evaluate cost reduction scenarios proposed by either internal customers or suppliers to determine corporate benefits. Evaluate funding proposals for new, large scale purchases impacting the TOS day-to-day operational budget. Research industry financial trends via sourced research suppliers to insure alignment with industry best practices. Complete other ad hoc requests as determined by TOS VPs and/or CIO. Staff Management Review staffing goals and expectations to ensure that each is consistent and adequate to meet department goals. Delegate responsibility and authority to appropriate staff within the team. Evaluate performance of each team member, generates development plans and sets goals within the context of the corporate policy. Provide coaching, counseling and motivation to team members ensuring staff has the appropriate tools and training; establish Performance Development Plans for staff. QUALIFICATION REQUIREMENTS: Required: This position requires a B.S. in business administration or equivalent experience with a minimum of 8-10 years' experience associated with the IT Industry. The position requires demonstrated financial and business analysis skills at complex levels, while able to clearly communicate information from team member to executive. Position also requires an understanding of general audit & compliance requirements. This position requires strong strategic and tactical planning and organizing skills and effective relationship management skills in order to manage, motivate and lead staff effectively, and influence others (senior management; vendors; peers). Abilities/Skills: The incumbent must possess strong problem analysis skills, be decisive as well as flexible. Excellent oral and written communication skills are essential. The incumbent must have the ability to identify priorities and achieve results with a sense of urgency. As a leader, the incumbent must be able to demonstrate equal amounts of results orientation and the ability to influence others, and be willing to contribute ideas/opinions and take risk where appropriate. Preferred: Broad knowledge of health care and information technology. Demonstrated ability to develop and manage multiple projects and department areas within acceptance of timeline and budget. Previous effective use of tracking and reporting processes, software and systems. Interested and qualified candidates should apply immediately!
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