Chief Financial Officer-Hospital

Miami, Florida
Apr 14, 2017
Institution Type
Four-Year Institution
The University of Miami is considered among the top tier institutions of higher education in the U.S. for its academic excellence, superior medical care, and cutting-edge research. At the U, we are committed to attracting a talented workforce to support our common purpose of transforming lives through teaching, research, and service. Through our values of Diversity, Integrity, Responsibility, Excellence, Compassion, Creativity and Teamwork (DIRECCT) we strive to create an environment where everyone contributes in making UM a great place to work. We are one of the largest private employers in Miami-Dade County; home to more than 13,400 faculty and staff from all over the world.

General Description (Purpose and Function):

The Chief Financial Officer-Hospital is accountable for the business systems of the University of Miami Hospitals and Clinics which include all hospital-based facilities. The CFO will ensure organization-wide business systems, procedures, controls and planning that are consistent with the University’s mission, vision, values and goals. The CFO partners with Hospital CEO and Hospital leadership team on overarching planning and operational management of the hospitals and clinics.

The CFO focuses on operational excellence in the following realms:

Finance including budgeting and multi-year strategic planning

Business planning and analytics

Market review and analytics

Financial operations including reporting and internal controls


Financial management and oversight:

Works closely with the Hospital CEO, and operating units for all financial functions, including budgeting, short-term and long-term forecasting, business plan development, financial operations such as local health market concentration and other opportunities.

Manage resources in collaboration with the Hospital CEO, and in partnership with other key leaders.

Organizational reporting and monitoring: provides guidance and leadership through management of performance metrics and measurement reporting process.


Functions as a liaison with all levels of administration, faculty, and staff on operating issues to coordinate departmental business, accomplish directives and facilitate resolution of problems.

Design and produce specialized reports on operations as needed by the Hospital CEO, and the UHealth Executive Leadership team.

The CFO is responsible for the efficient business operations of the clinical enterprise. This will be done directly or through delegation of responsibility to the management staff.

Oversees compliance with federal, state and local government laws and regulations, and compliance standards, rules and regulations of various accrediting and approving bodies.

This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities as necessary.

Reporting Relationships and Supervision Received:

The Chief Financial Officer will report to the Associate Vice President, Financial Operations with a matrixed reporting line to the Hospital CEO

Direct Reports:

The CFO will have direct reporting accountability for:

Executive Director, Hospital Finance

Hospital Controller

Leadership and Management Competencies

· Someone who can quickly establish trust and credibility with institutional leadership and across the University;

· A collaborative person who can work closely with others in a team-oriented setting;

· Demonstrated strong leadership skills, with an ability to attract, motivate and develop a superior financial staff. Must possess the energy, drive, vision and credibility to lead a finance team whose operational excellence is critical to UHealth’s successes;

· Excellent communication skills, both verbal and written. Emphasizes the positive and provides clear direction with a results-oriented cycle, both within and outside the organization. Can credibly influence senior management;

· Cultivates and maintains high-level relationships; and

· Must have the interpersonal skills and charisma to bring diverse constituencies and teams together in pursuit of common goals. Demonstrates the commitment, confidence and sense of urgency necessary to achieve these goals.

Personal Characteristics

This position requires an individual with the following characteristics:

· Commitment to the UM Values: Diversity, Integrity, Responsibility, Excellence, Creativity, Compassion, Teamwork (DIRECCT)

· Intellectual, professional, and a person of integrity;

· Honest, with the highest ethical standards;

· Ability to work independently. Self-starter; hard worker. Takes initiative; very high energy;

· Personally accountable. Assumes ownership, control and accountability for all areas of responsibility and commitments made to others;

· Strength of character to take and sustain difficult positions; the ability to say “no” without alienating others;

· Ability to balance the needs of the organization as a whole with the needs of each of the respective sub entities;

· Non-political, sincere, open and direct communicator. Puts organizational interests above self-interests and is comfortable expressing candid opinions;

· Passionate, collaborative, strategic, and smart. A strong intellect that is combined with a practical and realistic common sense understanding of how to get things done;

· Strong leadership skills with the ability to overachieve business objectives. Someone who will demonstrate initiative, a strong desire to succeed and exert the extraordinary effort often required;

· Hands-on, roll-up-the-sleeves orientation;

· A personal presence, maturity and style to be effective cultivating and maintaining high-level relationships; and

· A team player that is able to work in a fast-paced, high growth, entrepreneurial environment.

Knowledge, Skills, Attitudes:

· Demonstrated leadership and complex organizational management skills.

· An understanding of how to achieve results in an academic environment.

· Well-developed planning, organizational development, and business skills.

· Experience in hospital finance and practice plan management in a large and complex setting.

· Sensitivity for and understanding of academic disciplines and issues.

· The ability to work with physicians, staff and professionals in multiple settings and locations and to promote diversity in the workplace.

· Appreciation for the data that will be required to make meaningful management decisions.

· Negotiation and financial analysis skills.

Minimum Qualifications (Essential Requirements):

This position will require a master’s degree in business, finance, public health or equivalent academic background.

A minimum of ten years of experience with progressive responsibility in operation management of large, complex organizations where inter-institutional affiliations play a strategic role is required. Experience in management with an academic medical center is required.

CPA Preferred

UHealth-University of Miami Health System, South Florida's only university-based health system, provides leading-edge patient care powered by the ground breaking research and medical education at the Miller School of Medicine. As an academic medical center, we are proud to serve South Florida, Latin America and the Caribbean. Our physicians represent more than 100 specialties and sub-specialties, and have more than one million patient encounters each year. Our tradition of excellence has earned worldwide recognition for outstanding teaching, research and patient care. We're the challenge you've been looking for. The University of Miami offers competitive salaries and a comprehensive benefits package including medical and dental benefits, tuition remission, vacation, paid holidays and much more. The University of Miami is an Equal Opportunity/Affirmative Action-Veteran/Disability Employer. Come join us!

Patient safety is a top priority. As a result, during the Influenza ("the flu") season (September through April), the University of Miami School of Medicine requires all employees who provide ongoing services to patients, work in a location (all Hospitals and clinics) where patient care is provided, or work in patient care or clinical care areas, to have an annual influenza vaccination. Failure to meet this requirement will result in rescinding or termination of employment.