Chief Financial Officer

Chief Financial Officer

Salary : $165,000.00 - $190,000.00 annually. Location : Denver Metro, CO. Job Type : Full Time. Primary Physical Work Address : 303 E 17th Ave, Denver, CO 80203. FLSA Status : Exempt; position is not eligible for overtime compensation.

The Department of Health Care Policy and Financing (HCPF) oversees and operates Health First Colorado (Colorado's Medicaid Program), Child Health Plan Plus (CHP+), and other state public health programs for qualified Coloradans. Our mission is to improve health care equity, access and outcomes for the people we serve while saving Coloradans money on health care and driving value for Colorado.

The State of Colorado strives to create a Colorado for All by building and maintaining workplaces that value and respect all Coloradans through a commitment to equal opportunity and hiring based on merit and fitness. The State is resolute in non-discriminatory practices in everything we do, including hiring, employment, and advancement opportunities.

HCPF offers a competitive benefits package including PERA retirement benefits, medical, dental, and vision insurance coverage, automatic short-term and optional long-term disability coverage, life and AD&D insurance, flexible spending accounts, family medical leave act job protection and State of Colorado paid family medical leave, 11 paid holidays annually and accrued annual and sick leave, flexplace and flextime work arrangements, discounts on services and products available through the State of Colorado's Work-Life Employment Discount Program, free RTD EcoPass to all eligible State Employees, and credit union eligibility.

The Finance Office provides fiscal leadership, accountability, and financial strategy for the Colorado Department of Health Care Policy and Financing. The Office ensures that the Department's public health care programs are administered efficiently, transparently, and in compliance with state and federal law. The Finance Office leads HCPF's core financial management and oversight functions including budget development and forecasting, accounting and fiscal reporting, provider rate setting and reimbursement structures, managed care rate setting and financial review, payment reform and value-based provider payment structures, special financing mechanisms, internal program and eligibility auditing, and purchasing and contracting.

The Department of Health Care Policy and Financing welcomes your interest in the Chief Financial Officer (CFO) position. This position is responsible for statewide fiscal leadership, strategic policy impact, and executive authority over multiple divisions comprising the Department's financial and compliance infrastructure. The position is the Department's highest fiscal authority, reporting to the Executive Director. The CFO must interpret and apply interrelated statutes, regulations, and fiscal policies. Responsibilities in this position include : leading the Finance Office in advancing the Department's fiscal mission and ensuring the effective stewardship of approximately $20 billion in state and federal funds, providing executive leadership to the Finance Office divisions, directing the development and execution of the Department's financial strategy, guiding enterprise-level financial risk management, representing the Department before Stakeholders as well as State and Federal officials, leading the Finance Office's management team in fostering a culture of integrity, accountability, and continuous improvement, directing the formulation, justification, and execution of the Department's annual budget and multi-year financial plan, leading the development of data-driven forecasts, fiscal models, and budget-balancing strategies, providing membership caseload, claim cost trend, and administrative cost insights and forecasting to the Executive Director, overseeing the collaborative effort with the Department Executive Leadership Team to leverage the insights of Budget staff, data analysts and policy experts to identify and quantify budget reduction opportunities necessary to reduce Medicaid trends that achieve goals, providing executive direction for collaboration with the Office of State Planning and Budgeting, the Joint Budget Committee, and legislative analysts to ensure transparent, accurate, and timely budget submissions and adjustments, providing executive oversight of the Department's provider fee for service rate setting, managed care rate development, and value-based payment models, directing the formulation of actuarially sound rates and reimbursement methodologies in compliance with federal standards and state fiscal policy, leading the integration of fiscal and policy objectives to improve provider access, promote equity, and incentivize value-based care, guiding implementation of the Medicaid Provider Rate Review Advisory Committee recommendations and ensuring completion of required analyses comparing Colorado Medicaid rates with Medicare and peer states, overseeing the Department's Controller and Accounting functions to ensure fiscal integrity, transparency, and compliance with State Fiscal Rules, the State Controller's Office, and federal requirements, providing executive leadership for the Audits and Procurement Division, ensuring fiscal accountability, compliance, and transparency across all departmental financial and operational activities, and directing the Department's External Audits function, managing all state, federal, and third-party audits and ensuring timely, accurate, and defensible responses to oversight entities.

Minimum Qualifications : Experience only : twelve (12) years of experience in progressive leadership and direct staff management, including experience leading multiple functional teams, progressively responsible professional experience in financial administration including legislative budget process, developing and managing a budget; strategic financial planning; and forecasting; developing standards and procedures; or meeting federal reporting requirements, execution of multimillion-dollar budgets OR Education and Experience : Bachelor's degree from an accredited university or college in accounting, finance, economics, public policy, business administration, higher education, management or a closely related field AND eight (8) years of experience in progressive leadership and direct staff management, including experience leading multiple functional teams, progressively responsible professional experience in financial administration including legislative budget process, developing and managing a budget; strategic financial planning; and forecasting; developing standards and procedures; or meeting federal reporting requirements, execution of multimillion-dollar budgets.

Preferred Qualifications and Highly Desirable Competencies : Master's degree from an accredited university or college in business or public administration, finance, or accounting, professional experience in Medicaid budget and / or policy analysis, state of Colorado fiscal and procurement rules, advancing complex policy and finance issues through effective relationship building, understanding, and communication with partners, monitoring work activity to increase efficiency and improve the effectiveness and productivity of the budget and accounting teams, mentoring, developing, and motivating staff and encourage strong performance, working effectively in both independent and team situations, establishing and maintaining relationships with internal and external stakeholders, using consensus building skills to effectively manage constituencies with competing interests, evaluating complex information and take initiative in collaborative problem solving, especially related to fiscal conditions, budget operations, and oversight, communicating effectively and present informative findings, both written and verbally, in a complex political environment, professional knowledge of Colorado's Medicaid program, Colorado's budget and legislative processes, state finances, administration and allocation of funds, budget planning, and management, state statutes, rules and regulations, policies, procedures, and guidelines, including state accounting and procurement systems, proven executive communication skills - verbal, written, presentation, and interpersonal communication skills, independent initiative, judgment and responsibility in dealing with the Governor, other state agencies, federal agencies, counties and other outside entities.

Applications will be considered from residents and non-residents of Colorado. Due to the State's current hiring freeze, this position will not be filled until after January 1, 2026.