Healthcare Chief Financial Officer
Houston, TX
Our client, a 100‑year‑old specialty hospital and undisputed leader in its field, is seeking a Vice President and Chief Financial Officer to guide the financial strategy and operations of its Texas and Kansas entities. In addition to its renowned clinical programs, this mission‑driven organization is celebrated for its groundbreaking research, professional training programs, and deep commitment to community education.
The CFO will serve as a member of the Executive Committee stewarding financial health, operational excellence, and long‑term sustainability for an institution that continues to shape the future of its specialty.
Essential Functions and Responsibilities:
Leadership
- Is highly visible in the work environment such that faculty and staff see the Chief Financial Officer as a leader, a colleague and a facilitator in achieving the organization’s strategic plan. Promotes strong relationships with other members of the senior management team and throughout the organization.
- Creates trust and confidence that financial information is reliable, accurate, timely and transparent and can clearly articulate the meaning and importance of these data.
- Safeguards and manages the resources of the organization by insisting that all resource utilization is subject to a comparative analysis of best practices, cost benefit and affordability within the context of the competitive environment in which the organization exists.
- Leads the finance and accounting team of 11 reports.
Knowledge and Practice
- Formulates, approves and administers the annual operating and capital budgets; develops an effective financial planning and investment strategy; assists the senior management team in exceeding budget expectations.
- Maintains a system of internal accounting controls to ensure all accounting transactions are in compliance with generally accepted accounting principles, auditing standards, and requirements of governmental and other regulatory agencies; assures that an unqualified report is achieved from Board appointed auditors.
- Periodically reports the financial condition of the organization to the senior management team and other parties or agencies as required; serves as a resource person or consultant to other senior management personnel on specific finance-related issues; provides ongoing, accurate, and timely reports on the actual and forecast financial performance of all operations; identifies any causes for less than optimal financial performance, and recommends action plans to address all financial performance issues.
- Manages all aspects of the Finance functions, demonstrating leadership to the organization in the way that these functions are organized, managed and consistently achieve high performance results.
- Serves as the primary liaison to the Board’s Finance Committee; serves as the organization's representative for various financial institutions and directly negotiates major financial transactions; assures that contracts are prepared in a timely fashion and meet legal requirements; negotiates major financial transactions.
Innovation & Continuous Learning
- Enhances professional expertise through appropriate seminars, conferences and/or other educational experiences; maintains professional contacts with other institutions and organizations.
- Provides the senior management team with innovative approaches to strategic, tactical and operational issues.
Education and Experience Required:
- Bachelor’s degree in accounting, finance, business administration or related field.
- Certified Public Accountant or Master of Business Administration preferred.
- Ten or more years of experience in progressively more responsible accounting and finance positions.
- Three to five years senior financial management experience in a hospital organization is required.
- Advanced knowledge of financial accounting, budgeting, auditing principles, and information systems.
- Knowledge of health care reimbursement procedures and regulations; knowledge of current tax laws and IRS regulations.
- A high level of interpersonal, problem-solving and management skills; ability to represent the organization in a public relations capacity.
- Extensive knowledge of, and appreciation for, the complexity of the clinical and management structure of a hospital.
- Capacity to obtain a thorough understanding of the organization's goals, purposes, and programs and to conceptualize and implement fiscal plans based on those goals, purposes, and programs.
- Ability to design and implement effective ways to evaluate and improve program effectiveness.
- Knowledge of current trends in the health care industry and state and national legislation affecting health care.
- Commitment to a team concept for managing an institution.
