Chief Financial Officer, Keck Medicine of USC - Health System - Full Time 8 Hour Days (Exempt) (Non-Union) Job Listing at Keck Medicine of USC in Los Angeles, CA (Job ID 84816352672)

Description

Reporting to the Senior Vice President and CEO for Keck Medicine of USC, the Chief Financial Officer (CFO) is responsible for continuing to build and direct a broad-based and technically superior financial organization serving USC's clinical enterprise, while supporting the academic and research mission of the Medical School. Functioning at the senior management level, the CFO for Keck Medicine of USC will direct the financial staff in setting and monitoring financial measures and accountability consistent with achieving Keck Medicine's short and long-term goals and objectives. The CFO provides business leadership to the organization and is a strategic business partner to the CEO for Keck Medicine of USC, the Chief Financial Officer of the university, the CEO of Keck Medical Center of USC/Norris Cancer Hospital, the CEO of USC Verdugo Hills Hospital, the CEO of USC Care Medical Group, and the CEO of the USC Medical Foundation in shaping the direction of the organization.

Essential Duties:

• Key Responsibilies: • Provide broad financial leadership to Keck Medicine of USC to support improvements, growth and expansion. Assist the SVP in addressing key strategic issues related to the financial performance and capital structure necessary to support the clinical enterprise. • Maintain strong working relationships with key stakeholders at the University level including the CFO, Provost and Board of Trustees. • On an ongoing basis, evaluate and work with the entity leadership, to improve financial operations to ensure that it best supports an integrated approach to Keck Medicine of USC. • Lead the ongoing development and management of all financial aspects of Keck Medicine of USC. • Assist the SVP in continuing to align the needs and objectives of the clinical enterprise with those of academics and research. • Provide leadership for the annual and strategic business planning function, including the selection of clinical, academic, and research financial measurements to be used to evaluate the various areas' performance. • Provide financial support and due diligence for strategic acquisitions, joint ventures, partnerships and affiliations. • Oversee the USC Health funds flow, physician plan and managed care contracting initiatives. • Produce insightful analyses of future trends, financial results and forecasts for the CEO of Keck Medicine, CFO of the university, university Provost, governing bodies and line management analyzing the allocation of costs and revenue. • Participate in policy and legislative initiatives that impact Keck Medicine of USC's mission, competitive position and financial well-being. • As a proven team player and business builder, the CFO will lead Keck Medicine from a financial base and works closely with other senior executives in the organization. • The success of the CFO heavily depends on her/his ability to maintain an excellent working relationship with the CEO of the hospitals, CEO of USC Care Medical Group, Dean and COO of the Medical School, CFO of USC, Provost, Board of Trustees and other executive leadership, and senior medical and administrative staff. • Participate in developing and executing tactical and strategic plans that will optimize current and future performance. These plans include strategies that address further institutionalizing the organization's financial and operating infrastructure into the fabric of Keck Medicine of UCS and continuing to position the organization for ongoing investments in education and research. • Developing and directing strategic business plans, budgeting, financial reporting, funds flow, physician plans and revenue cycle across the enterprise. Through the entity CFOs, s/he will work closely on revenue cycle improvements, group purchasing, planning and execution of new business initiatives and management of staff resources and expenditures.
• Leadership Responsibilities: • Driving Financial Results • The CFO has fiduciary responsibility to Keck Medicine of USC to protect its assets and sustain its long-term financial position. In a growing yet increasingly competitive healthcare environment, the ideal candidate will develop proactive financial and cost management processes/tools and rigorous internal controls to increase the financial discipline of the organization and improve its financial outcomes. The CFO will: • Act to surpass organizational goals, seizing opportunities for Keck Medicine to push the envelope. • Set continually higher goals that are ambitious but realistic for self and the team, both within finance and more broadly, geared toward organizational objectives. • Focus on new business opportunities that enable business development targets to be exceeded. • Promotes effective communication and working relationships within the finance areas, and between finance, accounting, reimbursement and other departments. • Manages the finance team which includes multiple teams led by executives, directors and managers. • Ensures appropriate selection, organization and leadership for major areas within the organization. • Coaches and develops leaders within the finance team.
• Collaboration and Influence The CFO will be a collaborative, communicative and transparent executive who will possess the ability to understand and thrive in a highly relationship- and consensus-driven organization that is moving towards organizational alignment. S/he will develop enduring relationships and be a trusted advisor internally and externally, at all levels. The CFO will effectively balance numerous competing needs to make the best strategic and tactical decisions for the organization. S/he will facilitate education/training of and partnership with operational leaders and teams to promote their understanding of financial/cost management, and its importance to the organization's long-term sustainability. An effective CFO will be able to: ◦ Negotiate with a genuine give-and-take approach, where both act as true peers and decisions are shared. ◦ Spend time identifying all stakeholders necessary and meet or connect with all of them, neglecting no one to shape a collective consensus. ◦ Identify opportunities to build relationships that will help others achieve their objectives and reach out to those people or new people.
• Strategic Financial Thinking The CFO is a strategic partner to the Keck Medicine of USC executive management team, and board finance, audit and investment committees who will demonstrate knowledge about changes in the external market and lead the organization in adapting to these changes to strengthen its national position and promote an innovative culture. S/he will set direction for the finance organization and lead its strategic financial activities and decisions. The CFO will: ◦ Explain specifically how changes in competitors, clients, and market segments affect own business or institution. ◦ Translate broad organizational strategies into clear, specific objectives and plans for units and individuals. ◦ Create plans that address specific segments or contrasts local market with other locations or segments.
• Additional Responsibilities: • Serve as a sounding board, confidante, and business partner to the Senior Vice President and CEO • Translate strategic and operational issues into useful solutions. • Leverage technology effectively to improve operations and inform financial decisions. • Effectively and persuasively present and lead significant presentations to key audiences within the university. • Drive to improve and exceed recent performance when others may decide "that is enough." • Achieve satisfaction through institutional growth and success more than individual/personal achievement. • Be flexible and open-minded on decisions but stand firm on important principles. • Work across internal boundaries and/or barriers to achieve superior results. • Be outgoing and collaborative; encourage cooperation and the inclusion of key stakeholders in processes and decisions.
• Perform other duties as assigned.

Required Qualifications:

• Req Bachelor's degree Business Administration Degree Business Administration, MHA or MPH related field
• Req Master's degree Business Administration Degree in Business Administration, MHA or MPH related field

• Req 15 years or more Leadership experience. Progressive financial management leadership experience, preferably serving as the CFO or other major financial executive.

• Req Relevant academic medical center experience.
• Req Broad and deep repertoire of financial knowledge and skills and an excellent track record of achievement in a high growth and complex academic medical center environment with financial accountability for greater than $1B in revenue.
• Req Experience utilizing sophisticated financial modeling and advanced data analytics to inform institutional decisions.
• Req Experience leading the implementation and management of superior financial management processes and systems (e.g., ERP, cost accounting).
• Req Experience interfacing with external stakeholders to issue debt and fund major projects/acquisitions/ institutional priorities.

Preferred Qualifications:

• Pref Certified Public Accountant - CPA

Required Licenses/Certifications:

• Req Fire Life Safety Training (LA City) If no card upon hire, one must be obtained within 30 days of hire and maintained by renewal before expiration date. (Required within LA City only)

The annual base salary range for this position is $627,840.00 - $998,270.00. When extending an offer of employment, the University of Southern California considers factors such as (but not limited to) the scope and responsibilities of the position, the candidate's work experience, education/training, key skills, internal peer equity, federal, state, and local laws, contractual stipulations, grant funding, as well as external market and organizational considerations.

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