Wajahat Khan

Lead a statewide financial analysis responsible for monitoring the financial condition and regulatory compliance of insurance companies operating in Illinois, ensuring solvency and protection of policyholders.

* Lead a 47-person financial analysis organization through 6 direct reports, overseeing financial and regulatory review of insurance companies.
* Direct statewide monitoring of insurers, evaluating capital adequacy, financial trends, and risk exposure.
* Provide strategic recommendations to leadership on financial condition, regulatory actions, and emerging risks.
* Evaluate complex financial filings, including mergers, acquisitions, dividends, and reinsurance arrangements.
* Develop and implement policies, procedures, and analytical frameworks to strengthen oversight.
* Identify early warning indicators of financial distress and coordinate responses to mitigate risk.
* Oversee staffing, performance management, and team development, including hiring and evaluations.
* Collaborate with legal, actuarial, and executive leadership on regulatory decisions and policy development.

Oversaw financial operations for a multi-site ambulatory pharmacy program, supporting revenue optimization, compliance, and strategic financial planning across multiple locations.

• Managed financial operations for 7 pharmacy locations generating $100M+ in annual revenue, including budgeting, forecasting, and financial performance tracking.
• Owned financial reporting processes, including financial statements, disclosures, and accounting policy development.• Led a finance team, improving reporting efficiency, internal controls, and financial accuracy.
• Oversaw 340B program financials, reconciling $100M+ annually while ensuring compliance and optimizing revenue capture.
• Delivered actionable insights using SAS, Tableau, and financial systems to support leadership decision-making.

Provided financial leadership for high-revenue clinical departments within a large academic medical center, supporting operational performance, cost control, and strategic planning.

• Managed a $600M revenue and $60M expense portfolio across 26 cost centers with full P&L oversight.
• Led budgeting, forecasting, and variance analysis to support executive decision-making.
• Partnered with leadership to drive revenue growth and cost optimization initiatives.
• Oversaw contracts, vendor management, and regulatory compliance.
• Produced financial analysis identifying trends, risks, and improvement opportunities.
• Strengthened financial controls through general ledger management and process improvements.
• Built pro forma models and forecasts to support strategic decisions.

Supported financial operations for athletic programs, including budgeting, reporting,
and financial analysis to ensure accurate tracking and effective resource allocation.

• Managed departmental budgets, grant accounts, and financial reporting.
• Prepared journal entries, reconciliations, and monthly financial statements.
• Supported financial planning and analysis for athletic program