Chief Fiscal Officer

Boston, MA
Full Time
Experienced

Posted on August 31, 2022

The Massachusetts Health Policy Commission (HPC) seeks an experienced Chief Fiscal Officer (CFO) to oversee the agency’s fiscal operations. This is a tremendous opportunity to manage the accounting, budget, payroll administration, payment processes, and internal controls of a nationally recognized health care cost containment agency. The CFO will be expected to administer the HPC’s unique annual fiscal assessment of the health care industry, manage accounting operations within the agency, supervise staff, provide budget development and monitoring support, and ensure compliance with state financial regulations, principles, and practices. The successful applicant will have extensive experience using the Massachusetts Management Accounting and Reporting System (MMARS), Labor Cost Management (LCM), Human Resource Compensation Management System (HRCMS), and the Commonwealth Information Warehouse (CIW).

Duties of this position may include, but are not limited to:

  • Prepare and manage the annual operating budget and the Executive Office of Administration & Finance (ANF) spending plan; respond to budget, spending plan, and allotment requests from ANF and the Ways and Means Committees
  • Manage the agency’s daily accounting transactions, including payroll reporting, purchasing, contracting, encumbrance management, vendor disbursements, cash receipts, and revenue transactions
  • Administer the agency’s annual fiscal assessment of the health care industry, including preparing and distributing invoices, monitoring deposits from over 200 payor organizations, hospitals, and ambulatory surgical centers, and posting cash receipts
  • Communicate across all departments to oversee the administration of all direct service contracts and fiscal aspects of interagency service agreements
  • Liaise with the Office of the State Comptroller, serving as the agency’s MMARS and LCM administrator
  • Serve as the agency’s internal controls and Security Systems Officer for Commonwealth system access within the agency, ensuring adherence to state financial regulations, compliance, and practices
  • Work closely with the HR Operations Manager on payroll matters and HRCMS support
  • Provide support to the Executive Director, Deputy Executive Director, and Deputy Chiefs of Staff, as needed

Desired Qualifications:

  • Proficiency with MMARS (Massachusetts Management Accounting and Reporting System), LCM (Labor Cost Management), HR-CMS (Human Resource Compensation Management System), and Commonwealth Information Warehouse (CIW)
  • Knowledge of Massachusetts state government landscape, the Massachusetts state budget process, accounting procedures and principles (GAAP), and Massachusetts financial, administrative, and contracting policies and procedures 
  • Knowledge of the principles and practices of financial management, including financial analysis, forecasting, and budgeting
  • Familiarity with state financial and internal controls 
  • Familiarity with COMMBUYS and the state procurement system 
  • Excellent organizational skills, attention to detail, and strong critical thinking and strategic problem-solving skills 
  • Excellent written and oral communication and relationship management skills 
  • Self-motivation, and the ability to balance multiple and competing priorities and deadlines 
  • The ability to communicate effectively within and across teams A strong interest in public service and desire to advance a more transparent, accountable, and equitable health care system for all Massachusetts residents

Minimum Entrance Requirements:

Applicants must have at least nine (9) years of full-time or, equivalent part-time, professional, administrative, supervisory, or managerial experience in a relevant field of which at least two (2) years must have been in a supervisory or managerial capacity. Applicants may meet these requirements through an equivalent combination of the required experience and substitutions below.                                                                                                                                                                                       Substitutions:

I. A certificate in a relevant or related field may be substituted for one (1) year of the required experience.

II. An Associate’s degree in a related field may be substituted for one (1) year of the required experience.

III. A Bachelor’s degree in a related field may be substituted for two (2) years of the required experience.

IV. A Graduate degree in a related field may be substituted for three (3) years of the required experience.    

Experience working in a public department or agency will be strongly considered. Salary is commensurate with experience. The HPC may adjust title and responsibilities depending on the experience, education, and expertise of the individual selected. The HPC requires pre-employment reference checks and background screenings.

The HPC requires all employees to be fully vaccinated against COVID-19, as detailed in the HPC’s COVD-19 Vaccination Policy. Individuals may request an exemption from the vaccine requirement for medical or religious reasons.

The primary location for this position is in Boston, Massachusetts. The HPC currently operates in a hybrid format with flexible scheduling options and employees working both remotely and in-person.  While this interview process will be conducted virtually, some in-person time is expected for onboarding and ongoing employment.

Compensation and Additional Information

As employees of the Commonwealth of Massachusetts, HPC staff are offered a great career opportunity working toward the goal of better health and better care at a lower cost across the Commonwealth – but it's more than just a paycheck. The state's total compensation package features an outstanding set of employee benefits which should be considered toward overall compensation, including:

  • 12 paid holidays per year and competitive sick, vacation, and personal time
  • 75% state paid medical insurance premium
  • Reasonable health, dental, and vision plans offered through the Group Insurance Commission
  • Flexible Spending Account and Dependent Care Assistance programs
  • Low-cost basic and optional life insurance
  • Retirement Savings: State Employees' Pension and Deferred Compensation 457(b) plans
  • Tuition benefit for employee and spouse at state colleges and universities
  • Extended sick leave program participation
  • Wellness, professional development, and continuing education opportunities
  • Qualified employer for Public Service Student Loan Forgiveness Program

Our Commitment to Equity, Diversity, Inclusion, and Belonging:

The HPC is committed to a policy of non-discrimination and equal employment opportunity. We recognize that diversity in the workplace is a source of strength, vital to its ability to effectively advance its mission. The HPC is committed to:

  • Actively promoting diversity in our workforce, including greater racial and ethnic diversity, at all levels of the organization
  • Fostering a work environment in which all employees are inspired to do their best, strengthened by their different perspectives, backgrounds, and experiences
  • Ensuring that no employee’s growth, achievement, or advancement is hindered because of race, color, national origin, sex, sexual orientation, religion, age, genetic information, gender identity, pregnancy or pregnancy-related condition, veteran status, disability status, or any other characteristic protected by law
  • Holding ourselves to a high standard of inclusion and opportunity that will serve as a model for other public and private employers throughout the Commonwealth
  • Promoting our core values of equal opportunity, equal justice, and inclusion in HPC actions and initiatives

 

 

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