Description
Become part of an inclusive organization with over 40,000 teammates, whose mission is to improve the health and well-being of the unique communities we serve.
Summary
The Chief Financial Officer for UNC Faculty Physicians will lead the finance functions for the UNCFP including direct oversight of the UNCFP operational finance function and team, partnering with the UNC School of Medicine and UNC Chapel Hill finance teams as well as UNC Health Corporate Accounting, Treasury, Revenue Cycle, and Financial Planning and Analysis teams to ensure the UNCFP remains operationally and financially healthy and sustainable. Specifically, the CFO will be responsible for the development and implementation of financial strategic direction and annual budgeting process, will provide financial oversight of the component units of UNCFP, will provide accurate, detailed, and informative financial reporting, and will support all aspects of the UNCFP leadership and operating teams on financial and related matters. The CFO will serve as a resource to the UNC Faculty Practice Board, the UNC Faculty Practice Executive Committee, and will participate and partner as an executive on the senior leadership team of the UNCFP, as well as a health care system finance team.
Responsibilities
Financial Leadership: Provides financial leadership to assure the long-term stewardship of resources and sustainability of UNCFP’s mission. Provides oversight and coordination in developing the annual operating budget, including oversight and support of the financial leads of the clinical units (e.g. clinical service lines and clinical departments of UNC SOM) in this effort. Sets and adheres to performance targets for UNCFP for operating income, adjusted operating income (inclusive of transfers), cash flow and days cash on hand. Consolidate budgets from all departments of UNCFP. Creates integrated budgets inclusive of clinical and academic functions. Prepares and presents materials to the FP Executive Committee and Board, the Executive Council, and the HCS Board. Develops and maintains the long-term operating, financial, and capital plan in support of the UNC Health system operating, financial and capital plan, especially as it applies to development of ambulatory clinical and academic space. Assures availability of resources to meet long-term financial obligations. Oversees and coordinates the investments of UNCFP in accordance with all applicable policies. Manages UNCFP-wide financial statement preparation. Oversees monthly and annual reporting and prepares materials for annual audits. Oversees cost allocation and taxation methodologies across all departments. Reports and tracks operating trends including identifying units deviating from financial targets. Develops cost accounting tools that accurately measure the financial activity and performance of various functional/clinical units and clinical service lines/clinical departments. Partners with system revenue cycle to ensure UNCFP has a top decile revenue cycle, coding and compliance performance for UNCFP. Develops, implements, and reviews policies. Maintains internal controls, management estimates and financial statement production. Participates as a member of the Health Care System leadership team, directly reporting to the System Associate CFO, helping shape strategy and execute strategic priorities. As an embedded and primary member of the UNCFP leadership team, supports and has direct accountability to the President of UNCFP while partnering with other members of the UNCFP central leadership team, Department Chairs, Service Line leaders, and Department Associate Chairs of Administration. Supports the UNC SOM CFO and Vice Dean by overseeing the financial leads of the clinical units as it pertains to the clinical mission. Partners with the UNC Hospital CFO to create integrated planning and reporting for UNC Hospital and UNC Faculty Practice.
Leading People: Leads people toward meeting the organization's vision, mission, and goals. Provides an inclusive workplace that fosters the development of others, facilitates cooperation and teamwork, and supports constructive resolution of conflicts. Encourages workforce engagement by building a commitment to excellence and by promoting the organization's vision internally and externally. Delegates’ responsibility clarifies expectations and holds others accountable for achieving results related to their area of responsibility. Leads in a deliberate and predictable way and operates with transparency. Treats sensitive or confidential information appropriately. Develops the ability of others to perform and contribute to the organization by providing ongoing feedback and by providing opportunities to learn through formal and informal methods. Manages and resolves conflicts and disagreements in a constructive manner.
Leading Change: Acts as a catalyst for organizational change. Influences others to translate vision into action. Brings about strategic change, both within and outside the organization, to meet organizational goals. Establishes an organizational vision and implements it in a continuously changing environment. Partners with key stakeholders through proven ability to add value to influence business and financial outcomes for UNCFP. Is open to change and new information and rapidly adapts to new information, changing conditions, or unexpected obstacles. Deals effectively with pressure and remains optimistic and persistent, even under adversity. Recovers quickly from setbacks. Formulates objectives and priorities and implements plans consistent with the long-term interests of the organization. Capitalizes on opportunities and manages risks. Takes a long-term view and builds a shared vision with others.
Results Driven: Exceeds organizational goals and customer expectations. Makes decisions that produce high-quality results by applying technical knowledge, analyzing problems, and calculating risks. Holds self and others accountable for measurable high-quality, timely, and cost-effective results. Delivers high-quality services and is committed to continuous improvement. Fosters a culture of safe and compassionate patient care. Makes well-informed, timely decisions, even when data are limited, or solutions produce unfavorable results. Positions the organization for success by identifying new opportunities and builds the organization by developing and improving services. Leads the budgeting process. Uses cost-benefit thinking to set priorities, monitors expenditures in support of programs and policies, and identifies cost-effective approaches
Qualifications
Education Requirements:
- Master's degree in a related field required. (May consider if in process)
Licensure/Certification Requirements
Professional Experience Requirements
- Requires twelve (12) years of progressively responsible financial experience, ideally in academic health system, including ten (10) years of people management experience.
Knowledge/Skills/and Abilities Requirements
- Solves complex problems that may have a long-term impact on the business function/line of business, including clinical units/clinical departments of the UNC SOM.
- Develops innovative ideas and solutions with significance to the organization’s future.
- Identifies problem areas and skill gaps proactively and addresses them appropriately.
- Excellent project management and change management skills for designing and implementing Entity, Triangle, or System initiatives in a complex environment.
Job Details
Legal Employer: STATE
Entity: UNC Faculty Physicians
Organization Unit: FP Financial Services
Work Type: Full Time
Standard Hours Per Week: 40.00
Pay offers are determined by experience and internal equity.
Work Assignment Type: Onsite
Work Schedule: Day Job
Location of Job: US:NC: Chapel Hill
Exempt From Overtime: Exempt: Yes
This is a State position employed by UNC Health Care System with UNC Health benefits. If, however, you are presently an employee of another North Carolina agency and currently participate in TSERS or the ORP, you will be eligible to continue participating in those plans at UNC Health.
Qualified applicants will be considered without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
UNC Health makes reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as applicants and employees with disabilities. All interested applicants are invited to apply for career opportunities. Please email applicant.accommodations@unchealth.unc.edu if you need a reasonable accommodation to search and/or to apply for a career opportunity.
