Chief Financial Officer
Print (https://www.governmentjobs.com/careers/colorado/jobs/newprint/5142464)
Apply
?
Chief Financial Officer
Salary
$165,000.00 - $190,000.00 Annually
Location
Denver Metro, CO
Job Type
Full Time
Job Number
UHA70005 11/13/2025
Department
Department of Health Care Policy and Financing
Division
Executive Director Office
Opening Date
11/20/2025
Closing Date
12/12/2025 11:59 PM Mountain
FLSA
Determined by Position
Primary Physical Work Address
303 E 17th Ave Denver, CO 80203
FLSA Status
Exempt; position is not eligible for overtime compensation.
Department Contact Information
Jessica Bosick, Talent Acquisition ~ jessica.bosick@state.co.us
Type of Announcement
This announcement is not governed by the selection processes of the classified personnel system. Applications will be considered from residents and non-residents of Colorado.
How To Apply
Please submit an online application for this position at https://www.governmentjobs.com/careers/colorado. Reach out to the Department Contact to apply using a paper application, including any supplemental questions. Failure to submit a complete and timely application may result in the rejection of your application. Applicants are responsible for ensuring that application materials are received by the appropriate Human Resources office before the closing date and time listed.
Description
Benefits
Questions
Department Information
Applications will be considered from residents and non-residents of Colorado.
Due to the State's current hiring freeze, this position will not be filled until after January 1, 2026
The Department of Health Care Policy & Financing (HCPF) oversees and operates Health First Colorado (Colorado's Medicaid Program), Child Health Plan Plus (CHP+), and other state public health programs for qualified Coloradans. Our mission is to improve health care equity, access and outcomes for the people we serve while saving Coloradans money on health care and driving value for Colorado.
The State of Colorado strives to create a Colorado for All by building and maintaining workplaces that value and respect all Coloradans through a commitment to equal opportunity and hiring based on merit and fitness. The State is resolute in non-discriminatory practices in everything we do, including hiring, employment, and advancement opportunities.
As part of the State of Colorado, HCPF offers a competitive benefits package: (https://dhr.colorado.gov/state-employees/state-of-colorado-employee-benefits)
PERA retirement benefits including PERA Defined Benefit Plan, PERA Defined Contribution Plan, plus 401K and 457 plans
Medical (https://dhr.colorado.gov/state-employees/state-employee-benefits/medical-benefits) , Dental (https://dhr.colorado.gov/state-employees/state-employee-benefits/dental-insurance) , and Vision (https://dhr.colorado.gov/state-employees/state-employee-benefits/vision-insurance) insurance coverage
Automatic Short-Term and Optional Long-Term Disability Coverage (https://dhr.colorado.gov/state-employees/state-employee-benefits/disability-insurance)
Life and AD&D Insurance
Flexible Spending Accounts (https://dhr.colorado.gov/state-employees/state-employee-benefits/flexible-spending-accounts) (FSAs)
Family Medical Leave Act (FMLA) (https://dhr.colorado.gov/state-employees/time-off-leave/family-medical-leave-act-fmla) job protection and State of Colorado Paid Family Medical Leave (PFML)
11 Paid Holidays Annually and Accrued Annual and Sick Leave (https://dhr.colorado.gov/state-employees/time-off-leave)
Accrued Sick Leave for State of Colorado Temporary Employees
Flexplace and Flextime work arrangements
Variety of discounts on services and products available through the State of Colorado's Work-Life Employment Discount Program
Free RTD EcoPass (https://www.rtd-denver.com/fares-passes/ecopass) to all eligible State Employees
Credit Union of Colorado (https://www.cuofco.org/credit-union-colorado-membership-eligibility) Membership Eligibility
Some positions may qualify for the Public Service Loan Forgiveness Program. For more
information, go to https://www.colorado.gov/pacific/dhr/student-loan-forgiveness-programs . https://dhr.colorado.gov/dhr-resources/student-loan-forgiveness-programs
The Finance Office provides fiscal leadership, accountability, and financial strategy for the Colorado Department of Health Care Policy and Financing (HCPF), stewarding approximately $20 billion in total funds annually. The Office ensures that the Department's public health care programs-including Colorado Medicaid and the Child Health Plan Plus (CHP+)-are administered efficiently, transparently, and in compliance with state and federal law.
The Finance Office leads HCPF's core financial management and oversight functions, including:
Budget development and forecasting
Accounting and fiscal reporting
Provider rate setting and reimbursement structures
Managed care rate setting and financial review
Payment reform and value-based provider payment structures
Special financing mechanisms (CHASE and Safety Net Programs)
Internal program and eligibility auditing and external audit response and facilitation
Purchasing and contracting
Through its divisions, the Finance Office ensures sound fiscal policy, accurate forecasting, compliant accounting and reporting, effective procurement and contracting, audit readiness and defense, and value-driven provider payment models that advance HCPF's mission to save people money on health care and improve health equity and outcomes for Coloradans.
We are onboarding new employees using a hybrid approach. The Department supports flexible work arrangements. Depending on the business need and description of the position, we have options that range from hybrid to full-time in the office. Specific discussions about the schedule will be discussed during the offer stage.
Description of Job
The Department of Health Care Policy and Financing welcomes your interest in the Chief Financial Officer (CFO) position. This position is responsible for statewide fiscal leadership, strategic policy impact, and executive authority over multiple divisions comprising the Department's financial and compliance infrastructure. The position is the Department's highest fiscal authority, reporting to the Executive Director. This position operates within one of the most complex fiscal environments in state government, requiring simultaneous understanding of federal healthcare financing rules, state budget processes, and Medicaid operational systems. The CFO must interpret and apply interrelated statutes, regulations, and fiscal policies.
Responsibilities in this position include:
Leads the Finance Office in advancing the Department's fiscal mission and ensuring the effective stewardship of approximately $20 billion in state and federal funds.
Provides executive leadership to the Finance Office divisions encompassing Budget, Controller functions, Provider Reimbursement, Managed Care Rates, Payment Reform, Special Financing, and Audits and Procurement.
Directs the development and execution of the Department's financial strategy, ensuring fiscal sustainability, equity, and alignment with the Governor's and Executive Director's priorities and the legislature's directives.
Guides enterprise-level financial risk management, internal controls, and compliance with federal and state fiscal requirements.
Represents the Department before Stakeholders as well as State and Federal officials, providing authoritative fiscal counsel and negotiating complex funding and policy issues that affect the Colorado Medicaid enterprise.
Leads the Finance Office's management team in fostering a culture of integrity, accountability, and continuous improvement. Advances strategic objectives in workforce planning and leadership development to ensure a resilient, high-performing Finance Office capable of meeting complex fiscal challenges.
Directs the formulation, justification, and execution of the Department's annual budget and multi-year financial plan.
Leads the development of data-driven forecasts, fiscal models, and budget-balancing strategies that promote financial integrity and program sustainability.
Provides membership caseload, claim cost trend, and administrative cost insights and forecasting to the Executive Director throughout the year at a defined cadence to enable course correction against plan and to ensure no-surprises management.
Oversees the collaborative effort with the Department Executive Leadership Team (ELT) to leverage the insights of Budget staff, data analysts and policy experts to identify and quantify budget reduction opportunities necessary to reduce Medicaid trends that achieve goals.
Provides executive direction for collaboration with the Office of State Planning and Budgeting (OSPB), the Joint Budget Committee (JBC), and legislative analysts to ensure transparent, accurate, and timely budget submissions and adjustments.
Provides executive oversight of the Department's provider fee for service rate setting, managed care rate development, and value-based payment models.
Directs the formulation of actuarially sound rates and reimbursement methodologies in compliance with federal standards and state fiscal policy.
Leads the integration of fiscal and policy objectives to improve provider access, promote equity, and incentivize value-based care.
Guides implementation of the Medicaid Provider Rate Review Advisory Committee (MPRRAC) recommendations and ensures completion of required analyses comparing Colorado Medicaid rates with Medicare and peer states. Oversees the timely and accurate completion of other legislatively required rate comparison data and reporting.
Oversees the Department's Controller and Accounting functions to ensure fiscal integrity, transparency, and compliance with State Fiscal Rules, the State Controller's Office, and federal requirements.
Directs preparation and submission of all mandated financial reports, including CMS-37, CMS-64, and related federal expenditure filings.
Provides executive leadership for the Audits and Procurement Division, ensuring fiscal accountability, compliance, and transparency across all departmental financial and operational activities.
Directs the Department's External Audits function, managing all state, federal, and third-party audits and ensuring timely, accurate, and defensible responses to oversight entities.
Minimum Qualifications, Substitutions, Conditions of Employment & Appeal Rights
Applications will be considered from residents and non-residents of Colorado.
Minimum Qualifications :
Experience Only:
Twelve (12) years of experience in progressive leadership and direct staff management, including experience leading multiple functional teams, progressively responsible professional experience in financial administration including legislative budget process, developing and managing a budget; strategic financial planning; and forecasting; developing standards and procedures; or meeting federal reporting requirements, execution of multimillion-dollar budgets
OR
Education and Experience:
Bachelor's degree from an accredited university or college in accounting, finance, economics, public policy, business administration, higher education, management or a closely related field
AND
Eight (8) years of experience in progressive leadership and direct staff management, including experience leading multiple functional teams, progressively responsible professional experience in financial administration including legislative budget process, developing and managing a budget; strategic financial planning; and forecasting; developing standards and procedures; or meeting federal reporting requirements, execution of multimillion-dollar budgets
Preferred Qualifications and Highly Desirable Competencies:
Master's degree from an accredited university or college in business or public administration, finance, or accounting
Professional experience in:
Medicaid budget and/or policy analysis
State of Colorado fiscal and procurement rules, including experience with State accounting and procurement systems
Advancing complex policy and finance issues through effective relationship building, understanding, and communication with partners
Monitoring work activity to increase efficiency and improve the effectiveness and productivity of the budget and accounting teams
Mentoring, developing, and motivating staff and encourage strong performance
Working effectively in both independent and team situations
Establishing and maintaining relationships with internal and external stakeholders
Using consensus building skills to effectively manage constituencies with competing interests
Evaluating complex information and take initiative in collaborative problem solving, especially related to fiscal conditions, budget operations, and oversight
Communicating effectively and present informative findings, both written and verbally, in a complex political environment
Professional knowledge of:
Colorado's Medicaid program
Colorado's budget and legislative processes, state finances, administration and allocation of funds, budget planning, and management
State statutes, rules and regulations, policies, procedures, and guidelines, including state accounting and procurement systems
Proven executive communication skills - verbal, written, presentation, and interpersonal communication skills.
Independent initiative, judgment and responsibility in dealing with the Governor, other state agencies, federal agencies, counties and other outside entities.
DEFINITION OF PROFESSIONAL EXPERIENCE:Professional experience is defined as experience that may include: independent judgment and discretion in performing work duties, a level of specialized knowledge, in-depth work requirements such as data gathering, analysis and interpretation, customer service across a broad range of individuals including key personnel, and/or individual accountability for results.
CONDITIONS OF EMPLOYMENT
Positions at HCPF are security sensitive positions and require that the individuals undergo a criminal record background check as a condition of employment. A pre-employment background check to include a credit check will be conducted as part of the selection process.
Employees who have been disciplinary terminated, resigned in lieu of disciplinary termination, or negotiated their termination from the State of Colorado must disclose this information on the application.
Supplemental Information
How to Apply (https://careers.colorado.gov/how-to-apply) (PLEASE READ CAREFULLY)
Your application will be reviewed against the minimum qualifications for the position. If your application demonstrates that you meet the minimum qualifications, you will be invited to the comparative analysis process, which is described below.
A complete application packet must include:
A completed State of Colorado application.
Response to supplemental questionnaire.
Comparative Analysis Process
The comparative analysis process will consist primarily of a review of applications against the minimum and preferred qualifications of this position. Applications will be reviewed in comparison to all others in the applicant pool in order to identify a top group of candidates who may be invited for a final interview. Depending on the size of the applicant pool, additional selection processes may be utilized to identify a top group of candidates. Applicants will be notified of their status via email.
Failure to submit properly completed documents by the closing date will result in your application being rejected.
ADAAA Accommodations : The State of Colorado believes that equity, diversity, and inclusion drive our success, and we encourage candidates from all identities, backgrounds, and abilities to apply. The State of Colorado is an equal opportunity employer committed to building inclusive, innovative work environments with employees who reflect our communities and enthusiastically serve them. Therefore, in all aspects of the employment process, we provide employment opportunities to all qualified applicants without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity or expression, pregnancy, medical condition related to pregnancy, creed, ancestry, national origin, marital status, genetic information, or military status (with preference given to military veterans), or any other protected status in accordance with applicable law.
The Department of Health Care Policy & Financing is committed to the full inclusion of all qualified individuals. As part of this commitment, our agency will assist individuals who have a disability with any reasonable accommodation requests related to employment, including completing the application process, interviewing, completing any pre-employment testing, participating in the employee selection process, and/or to perform essential job functions where the requested accommodation does not impose an undue hardship. If you have a disability and require reasonable accommodation to ensure you have a positive experience applying or interviewing for this position, please direct your inquiries to our ADAAA Coordinator, Anupreet "Minnie" Kaur, at anupreet.kaur@state.co.us
The Department of Health Care Policy & Financing does not offer sponsored visas for employment purposes.
Please note that each agency's contact information is different; therefore, we encourage all applicants to view the full, official job announcement which includes contact information and class title. Select the job you wish to view, then click on the "Print" icon.
01
All HCPF positions are security sensitive positions and require potential employees to undergo a criminal record background check. As a condition of employment, you will be required to submit to pre-employment screening if offered the position. Are you willing to meet this requirement?
Yes
No
02
Do you have any relatives or significant others working at the Department of Health Care Policy and Financing? If so, please list their names here. Otherwise, please list N/A
03
Are you willing to accept an offer within the posted salary range?
Yes
No
04
Former state employees who were disciplinarily terminated or resigned in lieu of termination must disclose the information on the application. In the space below, please provide an explanation as to why the prior termination or resignation should NOT disqualify your application from the current position. Otherwise, please list N/A.
Required Question
Employer
State of Colorado
Address
See the full announcement by clicking
the "Printer" icon located above the job title
Location varies by announcement, Colorado, --
Website
https://careers.colorado.gov/
Apply
Please verify your email addressVerify Email
