Chief Financial Officer

Chief Financial Officer

Salary : $165,000.00 - $190,000.00 Annually

Location : Denver Metro, CO

Job Type : Full Time

Job Number : UHA70005 11 / 13 / 2025

Department : Department of Health Care Policy and Financing

Division : Executive Director Office

Opening Date : 11 / 20 / 2025

Closing Date : 12 / 12 / 2025 11 : 59 PM Mountain

FLSA : Determined by Position

Primary Physical Work Address : 303 E 17th Ave Denver, CO 80203

FLSA Status : Exempt; position is not eligible for overtime compensation.

Department Contact Information : Jessica Bosick, Talent Acquisition jessica.bosick@state.co.us

Type of Announcement : This announcement is not governed by the selection processes of the classified personnel system. Applications will be considered from residents and non-residents of Colorado.

The Department of Health Care Policy & 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.

As part of the State of Colorado, HCPF offers a competitive benefits package :

PERA retirement benefits including PERA Defined Benefit Plan, PERA Defined Contribution Plan, plus 401K and 457 plans

Medical, Dental, and Vision insurance coverage

Automatic Short-Term and Optional Long-Term Disability Coverage

Life and AD&D Insurance

Flexible Spending Accounts (FSAs)

Family Medical Leave Act (FMLA) job protection and State of Colorado Paid Family Medical Leave (PFML)

11 Paid Holidays Annually and Accrued Annual and Sick Leave

Accrued Sick Leave for State of Colorado Temporary Employees

Flexplace and Flextime work arrangements

Variety of 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

Credit Union of Colorado Membership Eligibility

Some positions may qualify for the Public Service Loan Forgiveness Program. For more information, go to https : / / www.colorado.gov / pacific / dhr / student-loan-forgiveness-programs.

The Finance Office provides fiscal leadership, accountability, and financial strategy for the Colorado Department of Health Care Policy and Financing (HCPF), stewarding approximately $20 billion in total funds annually. The Office ensures that the Department's public health care programs-including Colorado Medicaid and the Child Health Plan Plus (CHP+)-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 (CHASE and Safety Net Programs)

Internal program and eligibility auditing and external audit response and facilitation

Purchasing and contracting

Through its divisions, the Finance Office ensures sound fiscal policy, accurate forecasting, compliant accounting and reporting, effective procurement and contracting, audit readiness and defense, and value-driven provider payment models that advance HCPF's mission to save people money on health care and improve health equity and outcomes for Coloradans.

We are onboarding new employees using a hybrid approach. The Department supports flexible work arrangements. Depending on the business need and description of the position, we have options that range from hybrid to full-time in the office. Specific discussions about the schedule will be discussed during the offer stage.

Description of Job

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. This position operates within one of the most complex fiscal environments in state government, requiring simultaneous understanding of federal healthcare financing rules, state budget processes, and Medicaid operational systems. The CFO must interpret and apply interrelated statutes, regulations, and fiscal policies.

Responsibilities in this position include :

Leads the Finance Office in advancing the Department's fiscal mission and ensuring the effective stewardship of approximately $20 billion in state and federal funds.

Provides executive leadership to the Finance Office divisions encompassing Budget, Controller functions, Provider Reimbursement, Managed Care Rates, Payment Reform, Special Financing, and Audits and Procurement.

Directs the development and execution of the Department's financial strategy, ensuring fiscal sustainability, equity, and alignment with the Governor's and Executive Director's priorities and the legislature's directives.

Guides enterprise-level financial risk management, internal controls, and compliance with federal and state fiscal requirements.

Represents the Department before Stakeholders as well as State and Federal officials, providing authoritative fiscal counsel and negotiating complex funding and policy issues that affect the Colorado Medicaid enterprise.

Leads the Finance Office's management team in fostering a culture of integrity, accountability, and continuous improvement. Advances strategic objectives in workforce planning and leadership development to ensure a resilient, high-performing Finance Office capable of meeting complex fiscal challenges.

Directs the formulation, justification, and execution of the Department's annual budget and multi-year financial plan.

Leads the development of data-driven forecasts, fiscal models, and budget-balancing strategies that promote financial integrity and program sustainability.

Provides membership caseload, claim cost trend, and administrative cost insights and forecasting to the Executive Director throughout the year at a defined cadence to enable course correction against plan and to ensure no-surprises management.

Oversees the collaborative effort with the Department Executive Leadership Team (ELT) 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.

Provides executive direction for collaboration with the Office of State Planning and Budgeting (OSPB), the Joint Budget Committee (JBC), and legislative analysts to ensure transparent, accurate, and timely budget submissions and adjustments.

Provides executive oversight of the Department's provider fee for service rate setting, managed care rate development, and value-based payment models.

Directs the formulation of actuarially sound rates and reimbursement methodologies in compliance with federal standards and state fiscal policy.

Leads the integration of fiscal and policy objectives to improve provider access, promote equity, and incentivize value-based care.

Guides implementation of the Medicaid Provider Rate Review Advisory Committee (MPRRAC) recommendations and ensures completion of required analyses comparing Colorado Medicaid rates with Medicare and peer states. Oversees the timely and accurate completion of other legislatively required rate comparison data and reporting.

Oversees 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.

Directs preparation and submission of all mandated financial reports, including CMS-37, CMS-64, and related federal expenditure filings.

Provides executive leadership for the Audits and Procurement Division, ensuring fiscal accountability, compliance, and transparency across all departmental financial and operational activities.

Directs 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, Substitutions, Conditions of Employment & Appeal Rights

Applications will be considered from residents and non-residents of Colorado.

Minimum Qualifications :