DHRM
Title: Chief Financial Officer
State Role Title: Gen Admin Manager IV
Hiring Range: $218,723 - $300,000
Pay Band: 8
Agency: Department of Medical Assistance Services
Location: Richmond, Virginia
Recruitment Type: General Public - G
Job Duties The Department of Medical Assistance Services (DMAS) is seeking a Chief Financial Officer (CFO) to serve as a key member of the Executive Team. The CFO will provide fiscal leadership, strategic oversight, and operational leadership for all financial activities related to the state Medicaid program.
As a senior agency executive, the CFO will navigate a fast‑paced environment with multiple priorities, intense external stakeholder interaction, and frequent change. Strong verbal and written communication skills are essential.
Job Responsibilities
Oversee budgeting, forecasting, rate setting and ensure efficient stewardship of federal and state funds.
Maintain financial compliance, manage procurement, contract negotiations, and fiscal policy.
Collaborate with the Governor’s Office, Secretary of Health and Human Resources, Department of Budget & Planning, Legislature, federal agencies, Managed Care Organizations, provider and hospital organizations to advance strategic goals.
Analyze proposed legislation and budget amendments; testify at legislative committee meetings.
Lead executive management duties, supervising five large divisions and coordinating cross‑functional teams.
Minimum Qualifications
Extensive experience in state and federal healthcare financing, particularly Medicaid and CHIP programs.
Extensive experience in public sector budgeting, forecasting, financial policy development, and monitoring expenditures and revenue performance.
Extensive knowledge of federal and state funding mechanisms, actuarial rate setting, procurement, and managed care financial operations.
Extensive experience overseeing capitation rate development and actuarial certifications for managed care programs.
Extensive experience with federal and state legislative and budget processes.
Extensive experience implementing strategic financial programs and new initiatives to improve Medicaid programs.
Extensive knowledge of Microsoft Suite and other relevant computer software.
Extensive knowledge of federal and state regulations, fiscal controls and reporting requirements, and compliance oversight.
Extensive experience managing multiple priorities and meeting deadlines.
Extensive experience building relationships with the Administration, MCOs, providers, hospitals and CMS.
Extensive executive‑level experience supervising and leading staff.
Additional Considerations
Considerable experience managing large‑scale organizational functions related to administrative planning and management principles.
Considerable experience with the Commonwealth of Virginia’s official accounting system, Cardinal Financials.
Considerable experience planning and directing program activities, analyzing data, resolving problems, and interpreting federal and state regulations and policies.
Extensive experience analyzing and articulating complex policy concepts, envisioning change, and promoting creative and innovative outcomes.
Experience working as part of a matrixed organizational structure to deliver agency outcomes.
Special Instructions Confirmation of receipt will be provided when your application and/or résumé is submitted successfully. Check your application status in your account.
DMAS has engaged Fahrenheit Advisors to assist with this executive search.
The Department of Medical Assistance Services does not offer employment‑based sponsorship. Selected candidates will have their work authorization completed using the E‑Verify Program.
Working may involve fingerprint‑based criminal history background check, education checks if applicable, work history verification with references, and a Statement of Economic Interest (financial disclosure).
Equal Employment Opportunity DMAS practices fair and equal employment opportunity in accordance with applicable laws and regulations. Discrimination on the basis of race, sex, color, national origin, religion, sexual orientation, gender identity, age, veteran status, political affiliation, genetics or disability is prohibited in recruitment, selection and hiring.
Individuals with disabilities are encouraged to apply through the Commonwealth Alternate Hiring Process and provide an AHP Letter from the Department for Aging & Rehabilitation Services or the Department for the Blind & Vision Impaired. Veterans and spouses of veterans receive hiring preference.
Key Skills General Management, Access Control, Interior, Administration Support, Client Services, Computing
Employment Details Employment Type: Full‑Time
Experience Required: Years
Vacancy: 1
Monthly Salary: $218,723 – $300,000
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State Role Title: Gen Admin Manager IV
Hiring Range: $218,723 - $300,000
Pay Band: 8
Agency: Department of Medical Assistance Services
Location: Richmond, Virginia
Recruitment Type: General Public - G
Job Duties The Department of Medical Assistance Services (DMAS) is seeking a Chief Financial Officer (CFO) to serve as a key member of the Executive Team. The CFO will provide fiscal leadership, strategic oversight, and operational leadership for all financial activities related to the state Medicaid program.
As a senior agency executive, the CFO will navigate a fast‑paced environment with multiple priorities, intense external stakeholder interaction, and frequent change. Strong verbal and written communication skills are essential.
Job Responsibilities
Oversee budgeting, forecasting, rate setting and ensure efficient stewardship of federal and state funds.
Maintain financial compliance, manage procurement, contract negotiations, and fiscal policy.
Collaborate with the Governor’s Office, Secretary of Health and Human Resources, Department of Budget & Planning, Legislature, federal agencies, Managed Care Organizations, provider and hospital organizations to advance strategic goals.
Analyze proposed legislation and budget amendments; testify at legislative committee meetings.
Lead executive management duties, supervising five large divisions and coordinating cross‑functional teams.
Minimum Qualifications
Extensive experience in state and federal healthcare financing, particularly Medicaid and CHIP programs.
Extensive experience in public sector budgeting, forecasting, financial policy development, and monitoring expenditures and revenue performance.
Extensive knowledge of federal and state funding mechanisms, actuarial rate setting, procurement, and managed care financial operations.
Extensive experience overseeing capitation rate development and actuarial certifications for managed care programs.
Extensive experience with federal and state legislative and budget processes.
Extensive experience implementing strategic financial programs and new initiatives to improve Medicaid programs.
Extensive knowledge of Microsoft Suite and other relevant computer software.
Extensive knowledge of federal and state regulations, fiscal controls and reporting requirements, and compliance oversight.
Extensive experience managing multiple priorities and meeting deadlines.
Extensive experience building relationships with the Administration, MCOs, providers, hospitals and CMS.
Extensive executive‑level experience supervising and leading staff.
Additional Considerations
Considerable experience managing large‑scale organizational functions related to administrative planning and management principles.
Considerable experience with the Commonwealth of Virginia’s official accounting system, Cardinal Financials.
Considerable experience planning and directing program activities, analyzing data, resolving problems, and interpreting federal and state regulations and policies.
Extensive experience analyzing and articulating complex policy concepts, envisioning change, and promoting creative and innovative outcomes.
Experience working as part of a matrixed organizational structure to deliver agency outcomes.
Special Instructions Confirmation of receipt will be provided when your application and/or résumé is submitted successfully. Check your application status in your account.
DMAS has engaged Fahrenheit Advisors to assist with this executive search.
The Department of Medical Assistance Services does not offer employment‑based sponsorship. Selected candidates will have their work authorization completed using the E‑Verify Program.
Working may involve fingerprint‑based criminal history background check, education checks if applicable, work history verification with references, and a Statement of Economic Interest (financial disclosure).
Equal Employment Opportunity DMAS practices fair and equal employment opportunity in accordance with applicable laws and regulations. Discrimination on the basis of race, sex, color, national origin, religion, sexual orientation, gender identity, age, veteran status, political affiliation, genetics or disability is prohibited in recruitment, selection and hiring.
Individuals with disabilities are encouraged to apply through the Commonwealth Alternate Hiring Process and provide an AHP Letter from the Department for Aging & Rehabilitation Services or the Department for the Blind & Vision Impaired. Veterans and spouses of veterans receive hiring preference.
Key Skills General Management, Access Control, Interior, Administration Support, Client Services, Computing
Employment Details Employment Type: Full‑Time
Experience Required: Years
Vacancy: 1
Monthly Salary: $218,723 – $300,000
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