Executive Director, VBC Financial Operations

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. Position Summary The Executive Director, Value-Based Care Financial Operations is responsible for leading the financial operations, reconciliation, accrual governance, provider economics, and payment administration functions that support Aetna's value-based care portfolio across Medicare, Commercial, Specialty, and emerging risk-based arrangements. This leader serves as the primary business owner for VBC financial performance management, ensuring accurate reporting of provider performance, contractual settlements, incentive payments, accruals, reconciliations, and financial forecasting. The role partners closely with Finance, Medicare, Network, Value-Based Solutions (VBS), Actuarial, Operations, and Technology leaders to translate complex value-based arrangements into scalable financial and operational processes that support business decision-making. In addition to financial leadership responsibilities, the Executive Director maintains business ownership of critical attribution governance and provider alignment methodologies that support financial accuracy, reporting consistency, and contract performance measurement across value-based care programs. Major Responsibilities 1. Financial Performance Management & Reporting • Lead enterprise VBC financial reporting, accruals, forecasting, reconciliation, and performance measurement activities. • Establish methodologies supporting provider settlements, shared savings arrangements, quality incentives, capitation models, and specialty value-based contracts. • Partner with Finance and Actuarial leadership to ensure financial reporting accurately reflects contractual obligations, emerging trends, and business risks. • Provide executive leadership with insight into financial drivers, trends, opportunities, and material variances. 2. Accrual Governance & Financial Controls • Own governance and execution of monthly and annual VBC accrual processes. • Lead recurring accrual reviews involving Finance, Medicare leadership, provider contracting teams, and market leadership. • Ensure compliance with established financial controls, audit requirements, and governance standards. • Maintain accountability for methodologies supporting liabilities, receivables, and provider settlements. • Serve as senior escalation point for financial reporting issues impacting providers, business partners, or enterprise financial performance. 3. Payment Operations & Reconciliation Leadership • Provide executive oversight of VBC payment operations, provider settlements, incentive administration, and reconciliation workflows. • Ensure payment operations are scalable, compliant, and operationally efficient. • Partner with Controllers, Treasury, Finance, and Operations teams to strengthen controls and improve processes. • Drive automation and simplification efforts that reduce administrative burden while improving financial accuracy. • Collaborate with Network and VBS leaders to ensure operational and financial readiness for new payment models and contractual structures. 4. Risk Adjustment, Revenue Integrity & Financial Impact Analysis • Lead evaluation of financial impacts associated with risk adjustment programs, revenue integrity activities, final sweeps, audits, and Medicare revenue processes. • Direct analyses of key financial drivers impacting provider settleme