Chief Financial Officer

Delta Dental of Colorado (DDCO) is searching for an innovative and strategic executive to join as its next Chief Financial Officer (CFO).

Reporting directly to the President and CEO, the CFO assumes a critical responsibility for overseeing the financial health and strategy of DDCO, its parent company Ensemble Innovation Ventures (EIV), and all EIV subsidiaries. The CFO actively engages in and supports discussions on business development opportunities, ensuring each organization aligns financially with its respective visions, missions, values, and objectives to safeguard its stability and resilience.

In addition to leading the accounting and finance functions, the CFO also oversees IT and data systems, compliance and audit processes, and underwriting operations. They will employ data-driven strategies to drive initiatives that enhance efficiency, elevate customer outcomes, and foster sustainable growth.

As a key member of the Executive Team, the CFO will foster a collaborative team environment, offering financial leadership and transparency to elevate the performance of key leaders, managers, and departments. Additionally, as a representative of Delta Dental of Colorado, the CFO will nurture strategic relationships with other Delta Dental Member Companies, promoting a collaborative approach to strengthening these connections.

Qualifications:

Education and Experience:

• Bachelor's degree in finance, accounting, economics, business administration, or a related field is required. Master of Business Administration (MBA) with a focus on finance or accounting or a certification as a CPA or a CMA is preferred.
• Ten or more years of progressively relevant experience in accounting, finance, data analytics, data transformation, within a parent/subsidiary corporate setting, ideally in the employee benefits/insurance sector. This includes senior leadership roles in organizations of similar scale and intricacy, or a comparable combination of education and experience.
• Proven senior leadership and extensive experience interacting with sophisticated boards of directors and external auditors required.
• Preferred experience in leadership, overseeing accounting, IT and data, underwriting, and/or compliance teams.
• Experience in corporate development, M&A, joint ventures, and enterprise valuation analysis strongly preferred.
• Fundamental understanding and familiarity with the venture capital asset class, particularly the dynamics associated with minority positions in startup ventures strongly preferred.

The ideal candidate will possess several of the following knowledge, skills, and abilities:

• Visionary, transformative, and courageous leadership skills, with a strong intellect and excellent strategic skills; capable of taking appropriate and well-planned risks.
• Outstanding leadership, personnel management, and organizational development skills, demonstrating the ability to inspire in a team-based, collaborative work environment, and advocate for, nurture, and cultivate a diverse, equitable, and inclusive workforce.
• Executive level written and verbal communication and presentation skills, complemented by the capacity to inspire and effectively engage with individuals at all organizational levels and external stakeholders.
• Advanced knowledge of corporate finance principles, encompassing capital management, budgeting processes, financial analysis, mergers and acquisitions (M&A), enterprise valuation analysis, financial modeling, and strategic financial decision-making.
• Proficiency in cloud first digital platforms, emerging technologies, and best in class technology architectures to leverage IT infrastructure, drive digital transformation initiatives, and enhance operational efficiency between departments and across the organization.
• In-depth knowledge of risk management frameworks, methodologies, and regulatory requirements to identify, assess, mitigate, and monitor risks across the organization.
• Thorough knowledge of regulatory compliance requirements applicable to the insurance industry, and the ability to ensure adherence to regulations and internal policies.
• Experience in overseeing audit processes, internal controls, and compliance testing to assess the effectiveness of controls and mitigate operational risks.
• Commitment to promoting ethical behavior, integrity, and transparency in all business operations, ensuring compliance with ethical standards and regulatory requirements.
• Capability to navigate organizational change, implement procedural enhancements, and lead initiatives that boost operational efficiency and compliance across all departments.
• Strong analytical and problem-solving skills to address complex challenges, make informed decisions, and implement solutions that mitigate risks and support organizational objectives.
• Excellent communication skills to effectively convey complex information, policies, and strategies to stakeholders at all levels, build consensus, and influence decision-making.
• Flexibility and resilience to adapt to changing priorities, market conditions, and regulatory landscapes, with the resilience to manage challenges and drive continuous improvement.
• Ability to think strategically, anticipate future trends, and proactively position the organization to capitalize on opportunities and mitigate potential risks.
• Commitment to ongoing professional development, staying abreast of industry trends, regulatory changes, and best practices in departments being supported while maintaining a high degree of
• Skilled in navigating organizational dynamics with a diplomatic approach; adept at uniting diverse groups toward common goals.
• Experience in mentoring, developing exceptional talent, and cultivating a cohesive team.
• Demonstrate a blend of confidence, humility, and servant leadership, coupled with courage to advocate for the needs of team members and key stakeholders.

Essential Job Responsibilities

• Oversee the strategic direction and management of the organization's accounting and financial operations, ensuring financial health and alignment with the organization's vision, mission, values, and objectives.
• Serve as a critical advisor and leader, leveraging strong business acumen and data on the continuous evaluation of short and long-term strategic financial objectives and future-looking forecasts across all business units.
• Act as a strategic and analytical thought partner to the CEO and leadership team in crafting, executing, and continuously assessing financial and business plans, strategies, growth initiatives, and financial performance.
• Coordinate efficient external audits and examinations with third-party auditors while fostering positive relationships with the external auditing team.
• Lead the organization's strategic annual planning and forecasting activities, variance analysis, data analysis and interpretation, and objectives & key results (OKR) reporting.
• Advance organization’s corporate performance management functions to lead data driven decision making, establish benchmarks from a variety of sources to support decisions and to align others with the organization's overarching strategy.
• Collaborate with business leaders to drive sales growth, allocate resources effectively, improve profitability and cash flow, ensure high transparency and performance management through operational excellence with a focus on ethics and compliance.
• Collaborate with business line leaders to deliver metrics, conduct detailed analysis, and provide monthly forecasts essential for evaluating business performance and improving financial and operational results. Provide leadership guidance to ensure goal achievement.
• Lead the Audit, Investment, and Finance (AIF) Board Committee in collaboration with the Committee Chair. Deliver regular updates to the DDCO, EIV and DDCOF Boards of Directors, presenting comprehensive reviews of financial, investment, and operational issues.
• Advance, communicate, and oversee financial budgets annually and quarterly. Ensure alignment of all budgets and financial procedures with organizational objectives and key results (OKR). Collaborate with executives and departmental leadership to establish budgetary goals and ensure adherence to them.
• Provide ongoing competitive intelligence on industry trends and technological advancements to identify potential opportunities for the organization. Collaborate with other leaders to identify opportunities for digital transformation and spearhead innovation within the organization.
• Assist in defining and implementing ERP/digital platforms and requirements to enhance analysis, improve data visibility, and standardize operations.
• Oversee and monitor implementation of the organization’s Ethics and Compliance Program and Privacy Program, including policies, educational efforts, monitoring procedures, performance tracking, audits, investigations, and appropriate corrective actions as needed.
• Together with the Director of Underwriting and Data Analytics, spearhead DDCO's underwriting strategies to align with the organization’s mission and goals, addressing market demands through the development of new underwriting programs, procedures, and products.
• Prepare quarterly and annual investor reporting packages including key fund metrics, portfolio construction, schedule of investments, and financial statements for DDCO. Providing DDCO Board with regular dashboards of portfolio construction, fund activities, and cash management.
• Monitor EIVF fund investment activities closely and collaborate with the EIVF Fund Manager to ensure precise recording of investments.

Working Conditions:

• This is a hybrid role working out of our headquarters in Centennial, CO. Required in office 3 days a week.
• This position will require 20% or less of travel.

Salary Range: This is an exempt position with a range of $290,876 - $395,595 annually.

This position is eligible for an annual discretionary bonus.

All applications are confidential.

Posting Close Date: 8/31/24