THE ORGANIZATION
Cedars-Sinai Health System
Cedars-Sinai Health System (Cedars-Sinai) includes the nationally recognized Cedars-Sinai Medical Center (CSMC) and its affiliated physician network, major programs in physician and health professions’ education, the highly regarded Burns and Allen Medical Research Institute, and multiple high-caliber community healthcare organizations and their affiliated physician networks. Cedars-Sinai has earned an international reputation for quality care, research, education, and community health improvement, while evolving from a community hospital to a major $8.2 billion health system with an overall workforce of 27,000 employees that continues to expand and better serve patients in the diverse Los Angeles community and beyond. Cedars-Sinai also includes Cedars-Sinai Marina Hospital; Torrance Memorial Medical Center and its affiliated physician network, the leading healthcare organization serving Torrance and the beach cities of Los Angeles; and Huntington Health and its affiliated physician network, the leading healthcare organization serving Pasadena and the San Gabriel Valley of Los Angeles. Through Cedars-Sinai Medical Center, Cedars-Sinai is also a joint venture partner with Select Medical in the California Rehabilitation Institute, and Providence Cedars-Sinai Tarzana Medical Center in Tarzana, California.
Cedars Sinai Medical Center
Cedars-Sinai is one of the largest nonprofit academic medical centers in the U.S., with 919 licensed beds, 2,993 physicians, 4,700+ nurses and thousands of other healthcare professionals and staff. Clinical programs range from primary care for preventing, diagnosing and treating common conditions to specialized treatments for rare, complex and advanced illnesses. In addition, Cedars-Sinai serves the community through its Medical Network, which includes the highly rated Cedars-Sinai Medical Group and Cedars-Sinai Health Associates. Cedars-Sinai Medical Center generates $5.1+ billion in annual net revenues.
Cedars Sinai Marina Hospital
Cedars-Sinai Marina Hospital is a nonprofit, 133-bed community hospital committed to serving the needs of the surrounding coastal and westside communities. In addition to general acute medical services and 24/7 emergency care, the hospital offers expertise in specialty areas including spine, weight loss and orthopaedics. Cedars-Sinai Marina Hospital generates $170M in net revenues.
REPORTING RELATIONSHIPS
The Chief Financial Officer, Cedars-Sinai Medical Center and Cedars-Sinai Marina Hospital reports to the Executive Vice President & Chief Financial Officer, Cedars-Sinai Health System.
The following individuals report to the CFO: Executive Director, Finance; Executive Director, Accounting; Executive Director, Reimbursement (Financial Decision Support); Executive Director, Payroll; Executive Director, Treasury (matrixed with Cash Management/Operations), Director, Accounts Payable; and Department Administrative Manager.
POSITION SUMMARY
The Chief Financial Officer (CFO) provides management oversight of the financial operations of Cedars-Sinai Medical Center and Cedars-Sinai Marina Hospital. The incumbent is responsible for planning and recommending financial management policy to the system Chief Financial Officer, including long range financial planning and strategic resource alignment. The individual directs and coordinates financial policy and activities to assure short-term fiscal discipline and long-term financial strength for Cedars-Sinai Medical Center, Cedars-Sinai Marina Hospital, and their subsidiary corporations. The CFO is responsible for the overall management of the accounting and financial control functions including: general accounting, accounts payable, payroll, tax, financial planning and analysis, budgeting, reimbursement, and cash management. This position also has responsibility for systemwide control and internal/external reporting systems as well as coordination of systemwide internal and external audits. This role oversees approximately 100 FTEs.
EXPERIENCE AND PROFESSIONAL QUALIFICATIONS
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15 years of progressive broad-based healthcare financial management experience in a public accounting firm and/or healthcare delivery organization is required.
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5 years of experience with the financial aspects of postgraduate medical education and extramurally funded research is preferred.
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Experience in a large academic health system is preferred.
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Demonstrated success serving in a complex, multi-stakeholder environment.
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Experience with capital budgeting, FP&A/operational finance, financial control, and reporting.
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Proven record of recruiting and developing a high-performing, diverse, and inclusive finance team. Ability to effectively mentor and develop their team.
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Experience with large-scale research funding and financial management.
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Advanced knowledge of budget development, control and evaluation, financial forecasting, cost finding and analysis.
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Analytical, negotiation, presentation, and leadership skills.
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Proficient skills in directing, monitoring, evaluating, and motivating the performance of professional and management staff.
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Effective oral and written communication skills required to work with senior executive hospital administrative staff, as well as professional, civic, and service organizations as a representative of the Medical Center.
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High level of proficiency and demonstrated effectiveness in problem-solving and implementing new programs related to increased departmental and organizational operating efficiency while utilizing hospital resources in a fiscally responsible manner.
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Knowledge of current physician and hospital reimbursement and clinical issues confronting academic medical centers.
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Proven organizational skills and political savvy.
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Ability to develop strong relationships with physicians and patient care service professionals.
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Demonstrated effectiveness in managing and directing departmental operations and management/ supervisory personnel in evaluating, training, and motivating performance.
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Ability to accomplish results through demonstrated ability to delegate effectively and to establish clear guidelines for accountability.
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Effectiveness at building consensus and providing strong leadership in a team environment, with high professional and personal integrity.
EDUCATION
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Bachelor's Degree in Finance, Accounting, Business Administration or Business Management is required.
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Master's Degree in Finance, Accounting, Business Administration or Business Management is preferred.
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Certified Public Accountant (CPA) or demonstrated equivalent experience welcomed.
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Korn Ferry shall provide equal employment opportunity to all qualified candidates, and will refer candidates without regard to race, color, religion, national origin, sex, age, disability, veteran status or any other legally protected basis. Artificial Intelligence tools may be used in connection with the recruitment process for this position.
