July 8, 2019 – Chicago-based executive recruitment firm Carrington & Carrington is seeking the next chief financial officer for UPMC Community HealthChoices (CHC). Principal Marian H. Carrington is leading the assignment.
In 2017, the search firm started a multi-year partnership with the University of Pittsburgh Medical Center (UPMC) to help boost the healthcare giant’s diversity hiring at its most senior levels. The collaboration comes as the $20 billion healthcare provider and continues expanding in its local market, nationally and around the world.
As a key member of the CHC management team, the CFO holds a strategic role in the overall management of the CHC product, said Carrington & Carrington. The individual is expected to work in close cooperation with finance and product senior leadership, including the VP of managed long-term services and supports (LTSS) on the continuous development, implementation and evaluation of both short- and long-term strategic plans.
The position provides leadership, direction and is directly accountable for the financial planning and analysis, budget and business planning, and product line financial reporting, said the search firm. This includes leadership and functional accountability for the budget and forecasting processes.
CHC’s chief financial officer is charged with developing and maintaining analytical processes to gather and evaluate membership, premium and medical trend information to keep senior management abreast all the key variables impacting financial performance, said Carrington & Carrington. The senior leader develops and maintains the budgetary policies and procedures, which ensure active participation from each department and functional leader. He or she also directs and oversees all aspects of the financial planning and analysis, and coordinates closing with senior director for CHC strategy and analytics on routine reporting highlighting product performance
The CFO will also direct and oversee development and maintenance of models designed to evaluate current operational trends and future projections. Evaluating and advising on the impact of long-range planning and the introduction of new programs and strategies is also required, among other duties.
Exceptional strategic planning, analytical and creative thinking skills along with superior oral, written and interpersonal communication abilities are necessary for the role, said the search firm. Candidates must have the ability to oversee and coordinate multiple priorities in a very dynamic, fast-paced environment. The ability to handle confidential material and information is also required. Prospects must be able to motivate, develop and direct personnel. Experience in insurance and Medicare or Medicaid managed care is required. A background in managed care LTSS is strongly preferred.
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Candidates must have a bachelor’s degree—though a master’s degree is preferred—in accounting, finance or another course of study directly related to the position. They should also have a demonstrated mastery and eight to 10 years of experience with general accounting principles, healthcare finance, financial reporting requirements and budgeting techniques and procedures. Also needed is five to eight years of strategic planning or analytical experience.
The Top Employer
UPMC is the largest nongovernmental employer in Pennsylvania and integrates 87,000 employees, 40 hospitals, 700 doctors’ offices and outpatient sites, and a 3.5 million-member Insurance Services Division, the largest medical insurer in western Pennsylvania. In the most recent fiscal year, UPMC contributed $1.2 billion in benefits to its communities, including more care to the region’s most vulnerable citizens than any other healthcare institution.
Community HealthChoices is Pennsylvania’s managed LTSS program. Its services help seniors and people with physical disabilities who are dually eligible for Medicare and Medicaid live as independently as possible in their own homes and experience an improved quality of life.
“This is a partnership that highlights and showcases UPMC’s commitment to diversity and also their trust and confidence in our firm,” said Ms. Carrington. “We have not seen this level of commitment during our 30-plus years and it is one that is going to bring extreme value for both organizations.”
A Well Respected Firm
Besides Chicago, Carrington & Carrington has offices in Washington, D.C. and Memphis. The firm, which was founded in 1979, specializes in the recruitment and placement of African-Americans, Latinos, women, LGBT and other diverse professionals. It places middle management and senior level executives across various industries and functional areas. Co-owned by Willie and Marian Carrington, the firm ranks as one of the most respected African-American-owned search firms in the nation.
Mr. Carrington is principal and founder of the firm. He has played and continues to play a significant role in increasing the representation of diverse professionals in major companies including banking, finance, manufacturing and utilities. Prior to this, he was executive director of Inroads/Chicago and an auditor for the former CPA firm Arthur Andersen & Co.
Ms. Carrington was previously a human resources and operations executive with Allstate Insurance. She focuses in large part on the healthcare, academic and non-profit sectors.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Andrew W. Mitchell, Managing Editor – Hunt Scanlon Media