1

Contract Model Risk Governance Jobs in Iowa (NOW HIRING)

... models, and issue resolution Partner with Procurement and Legal on contract architecture, risk ... governance for taxonomies, KPIs, dashboards, and executive reporting Own Customer Data Platform ...

Artificial Intelligence Governance & Enablement * Lead the enterprise AI governance program ... Lead contract negotiation, licensing strategy, vendor performance management, and service delivery ...

AVP, Actuarial Modeling

Des Moines, IA · On-site +1

$140K - $180K/yr

Model design * Change management testing and governance * Documentation * Model validation * Adherence to SOX and Risk Management policies * Support internal and external auditing activities as well ...

Sr. Manager, Internal Audit

Pella, IA · On-site

$91.40K - $125.40K/yr

... models. Position Summary: The Sr. Manager, Internal Audit leads the Internal Audit and Enterprise ... The role partners with the business to optimize risk management, internal controls, and governance ...

next page

Showing results 1-20

Contract Model Risk Governance information

What are the key skills and qualifications needed to thrive in Contract Model Risk Governance, and why are they important?

To excel in Contract Model Risk Governance, you need a strong background in risk management, quantitative analysis, and familiarity with regulatory requirements, often supported by a degree in finance, mathematics, or a related field. Proficiency with risk management software, model validation tools, and knowledge of frameworks such as SR 11-7 is typically required. Attention to detail, critical thinking, and effective communication are crucial soft skills for evaluating model risk and collaborating with stakeholders. These skills ensure robust oversight of model risk, regulatory compliance, and support sound decision-making within financial institutions.

What are some common challenges faced by professionals in Contract Model Risk Governance roles, and how can they be addressed?

Professionals in Contract Model Risk Governance often encounter challenges such as keeping up with evolving regulatory requirements, ensuring thorough model documentation, and effectively communicating risk findings to both technical and non-technical stakeholders. Balancing the need for detailed model validation with tight project timelines can also be demanding. To address these challenges, it's important to foster strong cross-functional collaboration, stay updated on industry best practices, and develop clear communication strategies for reporting risk and compliance issues.

What is Contract Model Risk Governance?

Contract Model Risk Governance refers to the framework and processes used by organizations to identify, assess, monitor, and mitigate risks associated with the use of models in contracts or contractual obligations. This role ensures that the use of quantitative models in financial and business contracts complies with regulatory standards and internal policies, reducing the likelihood of errors, misinterpretations, or financial losses. Professionals in this field often oversee model validation, implementation, and documentation, and work closely with compliance, risk, and legal teams. Effective governance helps maintain model integrity and supports sound decision-making across the organization.

What is the difference between Contract Model Risk Governance vs Contract Model Validation?

AspectContract Model Risk GovernanceContract Model Validation
Primary FocusOverseeing and managing risks associated with contract models, ensuring compliance and risk mitigationAssessing and testing contract models to ensure accuracy and reliability
ResponsibilitiesEstablishing policies, monitoring risk exposure, and implementing controlsPerforming independent reviews, testing model assumptions, and validating outputs
Work EnvironmentRisk management teams, compliance departments, regulatory interactionsQuantitative teams, model validation units, audit functions

While Contract Model Risk Governance focuses on managing and overseeing risks related to contract models, Contract Model Validation involves the technical assessment and testing of those models to ensure their accuracy and reliability. Both roles are essential in a comprehensive risk management framework within financial institutions and industries relying on contract models.

What are the most commonly searched types of Model Risk Governance jobs in Iowa? The most popular types of Model Risk Governance jobs in Iowa are:
What are popular job titles related to Contract Model Risk Governance jobs in Iowa? For Contract Model Risk Governance jobs in Iowa, the most frequently searched job titles are:
What job categories do people searching Contract Model Risk Governance jobs in Iowa look for? The top searched job categories for Contract Model Risk Governance jobs in Iowa are:
What cities in Iowa are hiring for Contract Model Risk Governance jobs? Cities in Iowa with the most Contract Model Risk Governance job openings:
Health Plan Provider Contracts Manager - Complex

Health Plan Provider Contracts Manager - Complex

Molina Healthcare

Des Moines, IA

$73.10K - $142.55K/yr

Full-time

Posted 23 days ago


Molina Healthcare rating

8.0

Company rating: 8.0 out of 10

Based on 191 frontline employees who took The Breakroom Quiz

147th of 258 rated insurance


Job description

JOB DESCRIPTION

Job Summary

Provides subject matter expertise and leadership for health plan provider network complex contracting activities.  Supports network strategy and development with respect to adequacy, financial performance and operational performance.  Responsible for negotiating agreements, including value-based payment methodology, with complex provider groups that are strategically critical to plan success, including but not limited to:  hospitals, independent physician associations (IPAs), and behavioral health organizations.

Essential Job Duties

Negotiates contracts and letters of agreement with the complex provider community to secure high quality, cost-effective and marketable plan providers. 
Contracts/re-contracts with large-scale entities involving custom reimbursement; executes standardized alternative payment model (APM) contracts; issues escalations, and supports network adequacy, joint operating committees (JOCs), and delegation oversight. 

Execution, management, and optimization of value-based contracts and enhanced provider relationship management.

Directs analysis of financial impact of deal terms and prepare details and justification for executive approval for agreements outside of Molina approval guidelines.
In conjunction with contracting leadership, negotiates complex provider contracts including high-priority physician group and facility contracts using preferred, acceptable, discouraged, unacceptable (PADU) guidelines (emphasis on number or percentage of membership in value-based relationship contracts).
Develops and maintains provider contracts in contract management software.
Targets and recruits additional providers to reduce member access grievances.
Engages targeted contracted providers in renegotiation of rates and/or language; assists with cost-control strategies that positively impact the medical cost ratio (MCR) within each region.
Advises network contracting team members on negotiation of individual provider and routine ancillary contracts.
Maintains contractual relationships with significant/highly visible providers.
Evaluates provider network and implement strategic plans with the goal of meeting Molina's network adequacy standards.
Assesses contract language for compliance with corporate standards and regulatory requirements and review revised language with assigned corporate attorney.
Participates in fee schedule determinations including development of new reimbursement models; seeks input on new reimbursement models from corporate network leadership, legal and senior level engagement as required.
Educates internal customers on provider contracts.
Clearly and professionally communicates contract terms, payment structures, and reimbursement rates to physician, hospital and ancillary providers. 
Participates with the leadership team and other committees to address the strategic goals of the department and organization.
Participates in contracting-related special projects as directed.
Provides training, mentoring and support to new and existing contracting team members.  
Ad hoc travel throughout NE, primarily Omaha:   Approximately 1-3 times per year.
 

Required Qualifications

At least 5 years of  experience in network contracting with large specialty or multispecialty provider groups, and at least 3 years experience in provider contract negotiations in a managed health care setting ideally negotiating different provider contract types (i.e. physician/group/hospital), or equivalent combination of relevant education and experience.
Working familiarity with various managed health care provider compensation methodologies, primarily across Medicaid and Medicare lines of business, including but not limited to: value-based payment (VBP), fee-for service (FFS), capitation and various forms of risk, etc.
Negotiation and relationship building capabilities.
Ability to navigate complex regulatory environments.
Data-driven decision-making skills, and analytical abilities.
Organizational skills and attention to detail.
Ability to work cross-functionally with internal/external stakeholders in a highly matrixed organization.
Ability to manage multiple tasks and deadlines effectively.
Effective verbal and written communication skills.  
Microsoft Office suite and applicable software programs proficiency.
 

Preferred Qualifications

Contracting experience with integrated delivery systems, hospitals and groups (specialty and ancillary).
Experience with Medicaid, Medicare, and Marketplace government-sponsored programs.

MS Excel (Pivot tables and VLookup)
 

To all current Molina employees: If you are interested in applying for this position, please apply through the Internal Job Board.
Molina Healthcare offers a competitive benefits and compensation package. Molina Healthcare is an Equal Opportunity Employer (EOE) M/F/D/V

Pay Range: $73,102 - $142,549 / ANNUAL
*Actual compensation may vary from posting based on geographic location, work experience, education and/or skill level.

Employment Type: Full Time

What Molina Healthcare employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom


Molina Healthcare logo

About Molina Healthcare

Sourced by ZipRecruiter

Molina Healthcare is a nationwide fortune 500 organization with a mission to provide quality healthcare to people receiving government assistance. If you are seeking a meaningful opportunity in a team-oriented environment, come be a part of a highly engaged workforce dedicated to our mission. Bring your passion and talents and together we can make a difference in the lives of others.

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Long Beach, CA, US

Year founded

1980

Social media