Business Finance Officer Technology Enterprise Operations
Business Finance Officer Technology Enterprise Operations
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1 Vacancy
Job Description
The Business Financial Officer has overall financial responsibility for The Cigna Groups Technology & Enterprise Operations (T&EO) function acting as a copilot with the T&EO Leadership Team P&L owners and Segment BFOs to achieve the following four overarching objectives:
1. Establish clear strategy for technology financial data enhancements that drive stepfunction improvements in 1 transparency to specific drivers and economic benefits of T&EO spend 2 understanding of how those drivers can be influenced to achieve strategic objectives and 3 effectiveness and efficiency of T&EO cost allocations to products and services.
2. Develop actionable multi year roadmap to execute the strategy described in #1 and lead the TE&O and Finance organizations to achieve roadmap milestones each period beginning with 2025.
3. For the $6B of annual T&EO spend design and implement nearterm advancements in sophistication of financial analysis resulting in more robust inyear decisionmaking and tradeoff analyses with key stakeholders; and
4. Accurate forward projections of financial performance of the T&EO function
The ideal candidate will possess experience as a Technology CFO at a large corporation successfully leading a technology financial data transformation strategy. This role requires strong analytical prioritization and influencing skills an enterprise mindset and the ability to work collaboratively across businesses and functions to improve depth and quality of technology financial performance insights that ultimately enhance stakeholder value creation.
Key Responsibilities:
Financial Management & Strategic Focus:
- Set strategic priorities and financial goals in partnership with TE&O leaders P&L leaders and BFOs.
- Oversee the financial operations of The Cigna Groups TE&O organization ensuring linkage of spend outlook with enterprise growth and profitability objectives
- Structure staff and lead a team of > 40 professionals to support an enterprise function that currently operates with disparate processes and reporting tools multiple ledgers and financial data that is often not traceable at a granular level to specific products and services.
- Provide thought leadership on financial performance optimization of spend and risk management.
- Prioritize and execute specific actions that improve effectiveness and efficiency of financial management processes including through automation AI and more consistency in applicable of enterprise financial tools such as Hyperion Planning.
- Develop and execute multiyear roadmap for the financial and analytics functions to achieve goals
Reporting and Analytics:
- Prepare and present detailed financial reports and analyses to senior management.
- Utilize advanced analytics to provide insights and recommendations for financial decisionmaking.
- Ensure accurate and timely reporting of financial data.
Compliance and Risk Management:
- Ensure compliance with financial regulations and company policies.
- Identify and mitigate financial risks associated with current year and multiyear operating plan
- Maintain internal controls.
Collaboration and Communication:
- Partner with TE&O leaders P&L leaders and BFOs.
- Communicate financial concepts and results to nonfinancial stakeholders.
- Partner with business teams to develop and execute businessspecific strategic plans with alignment to overarching segment and enterprise plans.
- Maximize key relationships to create synergies and opportunities.
BFO qualifications
- Minimum 15 years of relevant financial experience with demonstrated ability to manage financial strategies processes and strong outcomes across a broad portfolio.
- Experience as a Technology CFO at a large corporation successfully leading a technology financial data transformation strategy.
- Demonstrated thought leadership on challenging problems with examples of implementing innovative solutions actions taken and driving outstanding results.
- Strong influencer and collaborator working through others and building relationships within the organization.
- Strong team management skills such as but not limited to creating an inspiring vision coaching / developing others engaging staff and communicating effectively.
- Strong verbal/written communication and collaborative approach to work in highly matrixed and dynamic organization.
- Ability to communicate complex technical concepts and insights to senior business leaders and partners in an actionable manner.
*open to locations beyond what is listed on posting*
If you will be working at home occasionally or permanently the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.
About The Cigna Group
Doing something meaningful starts with a simple decision a commitment to changing lives. At The Cigna Group were dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services we are committed to enhancing the lives of our clients customers and patients. Join us in driving growth and improving lives.Qualified applicants will be considered without regard to race color age disability sex childbirth (including pregnancy) or related medical conditions including but not limited to lactation sexual orientation gender identity or expression veteran or military status religion national origin ancestry marital or familial status genetic information status with regard to public assistance citizenship status or any other characteristic protected by applicable equal employment opportunity laws.
If you require reasonable accommodation in completing the online application process please email: for support. Do not email for an update on your application or to provide your resume as you will not receive a response.
The Cigna Group has a tobaccofree policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama Alaska Arizona Arkansas Delaware Florida Georgia Hawaii Idaho Iowa Kansas Maryland Massachusetts Michigan Nebraska Ohio Pennsylvania Texas Utah Vermont and Washington State.
Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal state and local ordinances.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
