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Cash Flow and Payment Manager - Boston Massachusetts

Company: Commonwealth of Massachusetts
Location: Boston, Massachusetts
Posted On: 05/05/2025

An Official website of the Commonwealth of MassachusettsJob Description - Cash Flow and Payment Manager (250003X2)Job DescriptionCash Flow and Payment Manager - ( 250003X2 )DescriptionThe MassHealth Cash Flow and Payment Manager (part of the MassHealth Finance team) is responsible for tracking cash flow and payments across MassHealth budgetary appropriations and trust funds totaling more than $22 billion. The Manager works closely with the Accounting, Federal Revenue, Contracts, and EHS Budget units to resolve payment and federal claiming issues and ensure compliance with state and federal laws and regulations. This position is critical to the management of the MassHealth budget.Duties and Responsibilities (these duties are a general summary and not all inclusive)Cash flow tracking and analysis

Management and oversight of all cash flow functions for MassHealth's General Fund programmatic accounts. Functions include:

Develop annual cash flow projections; analyze actual expenditures compared to projections on a biweekly basis, and more frequently as needed.

Compare cash forecasts with 3x / year budget forecasts to ensure alignment.

Track account-level and object-class level expenditure needs; coordinate with ANF on transfer requests as needed.

Oversee provider payment and expenditure transfer requests.

Prepare quarterly summaries of expenditure activity for the MassHealth leadership team.

Develop expertise in accounting and revenue claiming processes; requires cross-functional coordination with accounting programs, EOHHS Budget, and federal claiming units.Trust Tracking and Analysis

Management and oversight of Budget Team functions for all MassHealth Trust Funds. Functions include:

Reconcile all Trust Fund activity (spend and revenue) on a quarterly basis; requires cross-functional coordination with accounting program and federal claiming units.

Coordinate Trust set-up activities at the start of the fiscal year (e.g., transfer schedules, revenue certifications).

Ensure Trusts are in balance at the end of the fiscal year and operating in compliance with statutory and regulatory requirements, including reporting requirements.

Prepare quarterly summaries of Trust activity for the MassHealth leadership team.Vendor Contracts and ISAs

Management and oversight of Budget team functions pertaining to vendor contracts and ISAs (i.e., contracts with other state agencies). Functions include:

Ensure all contract processes are clearly documented, and lead/support process improvement projects.

Manage and oversee encumbrance and invoice tracking processes.

Utilize data from MMARS (the Commonwealth's accounting system) to prepare summaries of contract expenditures.

Represent Budget team on the EOHHS ISA workgroup; coordinate with ForHealth Consulting on financial tracking and reporting.Managed Care Payments

Management and oversight of Budget team's functions pertaining to payments to managed care plans. Functions include:

Enter and approve rates and payments timely and communicate with health plans on payment matters.

Coordinate cross-functionally with accounting unit, systems teams, and federal claiming unit to reconcile payments and troubleshoot issues.

Ensure all payment processes are clearly documented, coordinate with systems teams on process improvements.General Finance Team SupportSupport other finance team activities as needed, including audits, fiscal impacts of legislative and policy changes, reporting on expenditure and enrollment trends, ad-hoc project management.Preferred Qualifications

Excellent analytical and problem-solving skills, MS Excel and PowerPoint skills and with analyzing large datasets using Microsoft Excel.
Experience working knowledge of MMARS (Massachusetts Management Accounting Reporting System).
Excellent organizational skills and attention to detail.
Ability to solve complicated problems with minimal direction.
Ability to lead projects through organizing work, establishing operating relationships, and coordinating the work of others.
Ability to analyze and determine the applicability of financial and program data, to draw conclusions, and to make appropriate recommendations.
Ability to anticipate difficulty, and take corrective action.
Strong communication skills and interpersonal skills.
Comfort with working under high pressure and tight time constraint.
Passion for public service.
Experience in healthcare preferred.About MassHealth:The mission of MassHealth is to improve the health outcomes of our diverse members, their families, and their communities by providing access to integrated health care services that sustainably promote health, well-being, independence, and quality of life.A criminal and tax history background check will be completed on the recommended candidate as required by the regulations set forth by the Executive Office of Health and Human Services prior to the candidate being hired. For more information, please visit .Education, licensure, and certifications will be verified in accordance with the Human Resources Division's Hiring Guidelines.Education and license/certification information provided by the selected candidate(s) is subject to the Massachusetts Public Records Law and may be published on the Commonwealth's website.For questions, please contact the Office of Human Resources at 1-800-510-4122 and select option #4.TO APPLY:Please upload both Resume and Cover Letter for this position when applying.QualificationsMINIMUM ENTRANCE REQUIREMENTS:Applicants must have at least (A) five (5) years of full-time or, equivalent part-time, professional, professional internship, administrative, supervisory, or managerial experience in financial management work (i.e. budgeting, accounting, auditing, management analysis, program evaluation, financial reporting of program results) or (B) any equivalent combination of the required experience and substitutions below.Substitutions :I. A certificate in a relevant or related field may be substituted for one (1) year of the required experience.II. A Bachelor's degree in a related field may be substituted for two (2) years of the required experience.III. A Graduate degree in a related field may be substituted for three (3) years of the required experience.IV. A Doctorate degree in a related field may be substituted for the four (4) years of the required experience.*** Salary placement is determined by a combination of factors, including the candidate's years of directly related experience and education, and alignment with our internal compensation structure as set forth by the Human Resources Division's Hiring Guidelines. For all bargaining unit positions (non-management), compensation is subject to the salary provisions outlined in the applicable collective bargaining agreement and will apply to placement within the appropriate salary range.When you embark on a career with the Commonwealth, you are offered an outstanding suite of employee benefits that add to the overall value of your compensation package. We take pride in providing a work experience that supports you, your loved ones, and your future.An Equal Opportunity / Affirmative Action Employer. Females, minorities, veterans, and persons with disabilities are strongly encouraged to apply.The Commonwealth is an Equal Opportunity Employer and does not discriminate on the basis of race, religion, color, sex, gender identity or expression, sexual orientation, age, disability, national origin, veteran status, or any other basis covered by appropriate law. Research suggests that qualified women, Black, Indigenous, and Persons of Color (BIPOC) may self-select out of opportunities if they don't meet 100% of the job requirements. We encourage individuals who believe they have the skills necessary to thrive to apply for this role.Official Title : Fiscal Officer VPrimary LocationJobJob: Administrative ServicesAgencyAgency: Exec Office Of Health and Human ServicesScheduleSchedule: Full-timeShiftShift: DayJob PostingJob Posting: Apr 23, 2025, 7:46:54 PMNumber of OpeningsNumber of Openings: 1Salary: 84,281.57 - 129,701.85 YearlyIf you have Diversity, Affirmative Action or Equal Employment Opportunity questions or need a Reasonable Accommodation, please contact Diversity Officer / ADA Coordinator : Kendy Derival/kendy.derival3@mass.gov - 6173488456Bargaining Unit : M99-Managers (EXE)Confidential : NoPotentially Eligible for a Hybrid Work Schedule : Yes
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