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Director of Finance- 66223BR

Primary Location: Hartford, CT
Additional Locations: CT-Hartford, PA-Harrisburg
Position may sit in Hartford, CT or Harrisburg, PA

The Financial Director will be responsible for compliance, reporting and analysis related to Medicare ACA regulations, specifically the minimum loss ratio (MLR) regulations. This position will also lead efforts to drive best practices within the organization and maintain appropriate and effective strategic and financial decision-making processes. This position manages two finance direct reports. The Director is accountable for the effective implementation and execution of all functions that support compliance, financial and strategic implications of the regulations.

This is an advanced finance position responsible for complex functions/assignments requiring advanced analytical and technical skills. This position is a Subject Matter Expert on Medicare Minimum Loss Ratio reporting and the Medicare business. Solid technical skills and a strong focus on customer relations (both internal and external) is critical to the role.

Fundamental Components:
  • Direct the analysis, quantification and reporting of minimum loss ratio impacts and activities
  • Accountable for the effective implementation, execution and monitoring of financial functions that support the regulations and associated company strategies and actions
  • Participates in or leads projects that impact many financial and functional (non-financial) disciplines of the company
  • Implements a solid management process for communicating and executing related strategies
  • Partners with business unit leaders to execute short and long-range actions and initiatives and leads execution across various departments
In addition:
  • Serves as Subject Matter Expert on the Medicare MLR Annual Filing, Monthly Reserve Calculation, and related business implications
  • Reviews related Aetna Annual Statements, Supplemental Healthcare Exhibit and Commercial MLR filings to understand and influence impact to Medicare business
  • Performs analysis of key components of financial results and addresses issues as needed
  • Provides ongoing insight and review of key MLR components to Senior Management

Background Experience:
  • 5-10 years financial management experience including strategic and business planning, accounting and financial analysis.
  • 5+ years Medicare knowledge and related experience generally required, healthcare finance a plus.
  • Project management experience a plus, including leading project teams.
  • Experience in healthcare, managed care insurance or financial services preferred.
  • Bachelor’s Degree; Finance or Accounting degree required.
  • Advanced degree in Business and/or FSA/CPA preferred.
  • Finance - Financial analysis
  • Finance - Financial reporting and analysis
  • Aetna Application - Enterprise Contact Repository
  • Database - SQL Server
  • Desktop Tool - TE Microsoft Excel
  • General Business - Communicating for Impact
  • General Business - Consulting for Solutions
  • General Business - Demonstrating Business and Industry Acumen
  • Finance - Delivering Profit and Performance
  • Finance - Profit and Quality Vigilance

Additional Job Information:
  • Influence areas outside of direct control.
  • Comprehensive business knowledge
  • Competitor knowledge.
  • Healthcare knowledge.
  • Aetna business knowledge (outside department business).
  • PC skills in Excel, Access.
This Medicare finance position will be challenging at times, but will provide you with a deep understanding of Medicare financials.

The position will provide the candidate:

• A detailed view of the MLR provision written into the Affordable Care Act of 2010
• An understanding of how the Medicare Bid process works
• The different Revenue Sources of the Medicare Business
• An understanding of the benefits Medicare beneficiaries receive and how those benefits impact MLR reporting
• A high level understanding of the Medicare MLR impacts to GAAP and STAT and differences between the Medicare MLR filing compared to the GAAP/STAT reports

If you have an interest in Government Programs and how Medicare impacts the organization, this may be the position for you

Required Skills:
General Business - Communicating for Impact, General Business - Consulting for Solutions, General Business - Demonstrating Business and Industry Acumen

Desired Skills:
Finance - Delivering Profit and Performance, Finance - Profit and Quality Vigilance

Functional Skills:
Finance - Financial analysis, Finance - Financial reporting and analysis

Technology Experience:
Aetna Application - Enterprise Contact Repository, Database - SQL Server, Desktop Tool - TE Microsoft Excel

Potential Telework Position:

Percent of Travel Required:
0 - 10%

EEO Statement:
Aetna is an Equal Opportunity, Affirmative Action Employer

Benefit Eligibility:
Benefit eligibility may vary by position. Click here to review the benefits associated with this position.

Candidate Privacy Information:
Aetna takes our candidate's data privacy seriously. At no time will any Aetna recruiter or employee request any financial or personal information (Social Security Number, Credit card information for direct deposit, etc.) from you via e-mail. Any requests for information will be discussed prior and will be conducted through a secure website provided by the recruiter. Should you be asked for such information, please notify us immediately.

Click To Review Our Benefits (PDF)


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