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Our Client

The University Health Network (UHN) is Canada's No. 1 hospital and the world's No. 1 publicly funded hospital. With 10 sites and more than 20,000 members of TeamUHN, UHN consists of Toronto General Hospital, Toronto Western Hospital, Princess Margaret Cancer Centre, Toronto Rehabilitation Institute, The Michener Institute of Education at UHN and West Park Healthcare Centre. As Canada's top research hospital, the scope of research and complexity of cases at UHN have made it a national and international source for discovery, education and patient care. Driven by the vision of a healthier world, UHN’s purpose is transforming lives and communities through excellence in care, discovery and learning.

Position Overview

Currently, UHN is seeking an experienced and innovative Deputy Chief Financial Officer as a senior leader in finance. Reporting to the Chief Financial Officer (CFO), the Deputy Chief Financial Officer (DCFO) is responsible for effective and efficient financial management, reporting, and financial services delivery while supporting the CFO in aligning strategic and financial initiatives with patient and hospital priorities.

Leading a substantive team, the DCFO plays a critical role in enabling UHN to meet its organizational goals by:

directly impacting the management and financial integrity of UHN through the effective stewarding of organizational resources, maintaining appropriate controls, and integrity of financial management in compliance with applicable legal, governmental and regulatory requirements.
providing strategic leadership and oversight to ensure the delivery of finance operational excellence; the development of timely/relevant financial information, financial planning and reporting as it relates to general accounting, accounts payable, corporate billings/accounts receivable, procurement, capital assets, treasury, taxation, ministry reporting matters, and special projects as delegated.
ensuring alignment with UHN’s mission, core values, partnership policies, and strategies; championing the financial and ethical integrity, serving as an effective leader for responsible change.
establishing effective working relationships with hospital/medical staff, Unions, UHN foundations, Ministries (Ministry of Health or Education), LHINs, financial peers in the sector.

This is an ideal role for a finance leader with a minimum of 10 years of relevant experience within healthcare or applicable business sectors keen to impact an essential and future forward organization.

Role Responsibilities

Provide strategic financial controllership and stewardship for the finance portfolio, ensuring effective delivery of services which support the mission and vision of UHN.
Oversee a team of over 100+ professionals to optimize the use of hospital’s resources, ensures departments are administered in a fiscally responsible manner to maximize organizational capacity and optimize the benefits to the hospital.
Lead multi-year complex financial and capital planning including the integration of financial, clinical and management data.
Actively evaluate the impact and performance of UHN business plans, budgeting and long-range planning, introduction of new programs/strategies, capital acquisition, technological investment, and regulatory action to recommend appropriate course of action to CFO and executive team.
Drive the treasury management functions of multi-currency, multi-legal entity banking including investment, financing, operating lines of credit to ensure appropriate level of liquidity for operation and fund flow to optimize working capital. Determine UHN investment opportunities and recommend optimal courses of action with full disclosure of associated risks.
Manage all debt including Long-Term Debt, Bond Debenture and Capital Leases and Interest Rate Swaps and support the annual Bond Rating with bond raters and financial markets.
Ensure compliance with the Investment Policy and all financial and debt covenants, with reports to the Board on a regular basis.
Establish relationships with financial regulators, Investment Managers, and Debt Trustees.
Oversee Asset Insurance ensuring appropriate insurance coverage and claims management.
Lead the Investment Financing Advisory Group and provide insight on formulating financing and cash generating scenarios to support the strategic plan and initiatives.
Liaise with the Ministry of Health and Local Health Integration networks regarding matters of hospital funding and support; including management of reporting requirements.
Develop an overall procurement strategy to drive savings and efficiency throughout the supply chain; ensures delivery of annual financial targets for supply chain efficiencies.
Responsible for the management of appropriate financial management and internal control systems that assures integrity of data; sustains a culture of business fluency, fiscal accountability, and continuous improvement.
Ensure the annual external audit is completed in a timely and objective manner, including issuance of the annual financial statements.
Represent Finance internally on UHN committees, as required, and UHN in the external community.
Participate and present to the Finance and Audit Committee of the Board and the Fiscal Advisory Committee.

Desired Qualifications

Chartered Professional Accountant CPA, CA required.
A minimum of ten years of relevant financial leadership experience in healthcare or a relevant business sector within a complex, multi-site organization.
Demonstrated track record of achievement in team building and management development.
Previous experience in leading significant organizational change in a large de-centralized environment.
Ability to work and thrive in a changing environment working within financial constraints.
Demonstrated experience in financial strategy, treasury risk assessment, financing and investment Management.
Exposure to procurement directives and supply chain initiatives is an asset.
Exceptional communication skills both verbal and written with the ability to articulate complex financial issues to a broad and diverse audience.
Excellent analytical, problem-solving and decision-making skills with the ability to identify trends, establish benchmarks and provide credible analysis and business recommendations.
Demonstrated comfort and presence with Boards and external agencies.
Knowledge of the healthcare sector and broader public sector procurement directives an asset.
Expertise with Ministry of Health and Local Health Integration Network reporting requirements is preferred.

Please note that at present, legal eligibility to work in Canada is a prerequisite for this role.

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We appreciate your interest in this role.

In sharing your resume, you place your trust in us to treat you with integrity and respect and act in your best interests. All resumes will be held in the strictest of confidence. Those who most closely meet our client’s requirements will be contacted for an interview.

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