Chief Financial Officer, UC San Diego Health - 125629
#125629 Chief Financial Officer, UC San Diego HealthExtended Review Date: Wed 10/11/2023
UC San Diego values equity, diversity, and inclusion. If you are interested in being part of our team, possess the needed licensure and certifications, and feel that you have most of the qualifications and/or transferable skills for a job opening, we strongly encourage you to apply.
Special Selection Applicants: Apply by 10/10/2023. Eligible Special Selection clients should contact their Disability Counselor for assistance.
IMPORTANT INSTRUCTIONS TO ALL APPLICANTS: UC San Diego Health has partnered with WittKieffer for this search. Inquiries, nominations, and applications are invited at https://www.wittkieffer.com/position/25055-chief-financial-officer/. All candidates must submit materials to WittKieffer and are encouraged to do so as soon as possible, but no later than October 10, 2023 for full consideration.
UC San Diego Health has been caring for the community for more than 50 years. The system is one of five academic medical centers within the 10-campus University of California System, collectively known as UC Health. These medical centers comprise the fourth largest health care delivery system in California and train nearly 50% of the state's medical students and medical residents. UC San Diego Health has a three part mission of clinical, research and teaching excellence. The system comprises of three hospitals operating under one license which include UC San Diego Medical Center in Hillcrest with 390 beds, Jacobs Medical Center with 364 beds, and Sulpizio Cardiovascular Center with 54 beds. There are also ambulatory clinics located throughout the county to deliver care to the entire region.
Reporting directly to the Chief Executive Officer of UC San Diego Health, the Chief Financial Officer (CFO) will be directly responsible for providing financial leadership across the organization and guidance to system leadership on broader health system initiatives. The CFO is responsible for advising and supporting the senior leadership team on strategic and operational opportunities. The CFO will further strengthen the finance department while also balancing opportunities for strategic growth and acquisition. This executive will enhance the role that strategic finance will play in developing new capabilities, while also ensuring standardization and accurate reporting capabilities are embedded within the organization. The CFO will play a key role in operational excellence and performance improvement activities and look for ways to enhance overall efficiencies through benchmarking and standardization. This executive will ensure there is financial rigor and seamless coordination around the development of business plans, pro forma development and all growth-related activities. This position is strongly oriented toward establishing a collaborative, strategic partner role with the UC San Diego Health senior leadership team as well as leaders within UC San Diego and the University of California System.
The CFO will be highly engaged in several major priorities and projects across the health system. The CFO must have an extensive background with government payors and will lead efforts to formulate and implement new revenue streams and maximize reimbursement. The CFO will lead business planning and funding strategy for all major capital projects. Due to the significant future capital plans, the CFO will need to build relationships with the University's investment bankers as well as the UC capital market leaders. The CFO will play an instrumental role in funds flow across the enterprise.
The CFO will be a strong leader with a proven track record of success leading large, highly complex organizations, preferably academic medical centers. The CFO will have experience leading a dual transformation in the areas of cost containment and growth. Stylistically, the CFO will be both collaborative and decisive, contributing broadly across UC San Diego Health. Providing balance between strategic and operational finance will be critical to the future success of this executive. The CFO will be an innovative systems thinker, comfortable building consensus and engaging across a complex health system. They will be a skilled negotiator and possess political savvy, with the ability to solve complex problems and engage a diverse workforce to implement positive and meaningful change. It will be critical for the CFO to be comfortable working with ambiguity and change in a fast-paced environment.
The CFO should possess strong presentation skills and the appropriate interpersonal skills needed to develop strong working relationships with a diverse group of stakeholders, including senior health system leaders, faculty, and university leadership. They will need to enhance productivity, efficiency and financial metrics to support patient care, education and research. Candidates should have significant experience in financial leadership in a multi-site healthcare setting. This experience should include a successful track record leading strategic and operational finance combined with notable achievements in integration and strategic growth initiatives. The CFO should be able to articulate successes in enhancing the balance sheet, optimizing the revenue cycle, and improving key performance indicators.
- A Bachelor's degree in accounting, finance or business administration is required. Master's degree is strongly preferred.
- CPA and other relevant certifications are optional.
- A minimum of ten years of successful financial management experience, preferably as a Chief Financial Officer or Vice President, in a successful, multi-unit, complex integrated delivery health system. The CFO must be able to function effectively in a fast-paced, progressive and growing organization. Academic health system experience is strongly preferred, but not required.
- Experience with partnerships, joint ventures, mergers and acquisitions, and any pre- or post-deal activities including assessment, integration and alignment. Demonstrated experience in developing new revenue and supporting new ventures. They must be adept at all aspects of business development activities.
- Experience leading optimization, benchmarking and standardization activities where dashboards, metrics and where workforce, operational and health best practices drive financial decisions.
- Credibility to forge strong partnerships with senior leaders across an enterprise. The executive must be comfortable working at all levels of a system, including visibility with front line staff to presenting to executive leadership. Ability to interact and build strong relationships at all levels of the organization is required.
- A solid track record in hiring, developing, coaching and promoting staff. A strategic leader with demonstrated ability to develop and lead high-performing teams in a visible and collaborative manner.
- Demonstrated experience in a competitive healthcare market. The CFO must understand how to leverage all aspects of an academic health system to improve the overall system financial performance.
- Experience with cost and revenue optimization projects on a grand scale and delivery on margin targets. Superb project management skills and demonstrated experience in leading complex projects and implementations are required.
- Experience in the areas of finance, managed care contracting, business operations, strategic planning and presentations.
- A successful track record of enhancing overall finances, including but not limited to: building balance sheets, improving bond ratings, enhancing financial metrics and improving overall financial operations.
- Experience with leading the deployment of technologies in support of business and clinical analytics is highly desirable.
- Experience in clinically integrated organizations, with an appreciation for partnerships and funds flow between affiliate members. A track record of working with large group practices and an exposure to population health and clinical integration is strongly preferred.
- Must pass a background check.
- Must pass a pre-employment physical, drug screen and TB test.
- Must be able to work various hours and locations based on business needs.
Pay Transparency Act
Annual Full Pay Range: $0 - $0 (will be prorated if the appointment percentage is less than 100%)
Hourly Equivalent: $0.00 - $0.00
Factors in determining the appropriate compensation for a role include experience, skills, knowledge, abilities, education, licensure and certifications, and other business and organizational needs. The Hiring Pay Scale referenced in the job posting is the budgeted salary or hourly range that the University reasonably expects to pay for this position. The Annual Full Pay Range may be broader than what the University anticipates to pay for this position, based on internal equity, budget, and collective bargaining agreements (when applicable).
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If applicable, life-support certifications (BLS, NRP, ACLS, etc.) must include hands-on practice and in-person skills assessment; online-only certification is not acceptable.
UC San Diego Health is the only academic health system in the San Diego region, providing leading-edge care in patient care, biomedical research, education, and community service. Our facilities include two university hospitals, a National Cancer Institute-designated Comprehensive Cancer Center, Shiley Eye Institute, Sulpizio Cardiovascular Center, the only Burn Center in the county, and and dozens of outpatient clinics. We invite you to join our team!
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