SVP, Finance - Divisional CFO

Careers with our clients through Forvis Mazars | Executive Search

• Reports To: University of Kansas Health System CFO
• Location: Kansas City, KS (Onsite Required)

Client Overview

The University of Kanas Health System in Kansas City is a world-class academic medical center and destination for complex care and diagnosis. Offering more options for patients with serious conditions because of their expertise and leadership in medical research and education. The physicians are researchers and educators expanding the boundaries of medical knowledge. Their major breakthroughs lead to the life-changing treatments and technologies of the future.

They are committed to providing the highest quality care to all – not only in Kansas City, but across the state and region. It's their responsibility to extend the reach of academic medicine across the region so patients can stay closer to home and receive the most advanced care possible.

They have been working to fulfill this mission since 1998, when The University of Kansas Hospital began as an independent authority. Now the system has expanded to over 100 care locations including over 1,100 physicians and faculty in the following campuses:

• Main Academic Medical Center Campus in Kansas City, Kansas

• Great Bend Campus, including Great Bend Family Medicine and St. Rose Medical Pavilion, in Great Bend

• Olathe Campus in Olathe

• Indian Creek Campus in Overland Park

• Paola Campus in Paola

• St. Francis Campus in Topeka

Vision

• To lead the nation in caring, healing, teaching and discovering.

Mission

As an academic health system serving the people of Kansas, the region and the nation, The University of Kansas Health System will enhance the health and wellness of the individuals, families and communities served by:

• Providing efficient, value-added, effective, patient-centered care and outcomes that are second to none.
• Working with institutions across the continuum of care to advance optimal outcomes
• Preparing future healthcare professionals to efficiently and effectively manage care and outcomes
• Discovering and deploying new approaches that transform the way care is delivered

Values

Their core values drive decisions, actions and care.

• Excellence: Excellence in every aspect of patient care and outcomes, as well as health system performance, is achieved through a focus on accountability, consistency, safety, efficiency, continuous improvement and teamwork.
• Compassion: Every action taken in the care and service of patients, their families and each other reflects kindness, sensitivity, concern and professionalism and works to reduce the suffering associated with disease and the care process.
• Diversity: Success is gained by actively promoting diversity, those who bring a wide array of thoughts, ideas and experience to their work.
• Innovation: Through learning and discovery, agility, creativity and the introduction of new knowledge and approaches across the system.
• Integrity: Every decision made will be transparent and reflect their ethical values, respect and commitment to patients, learners, team and the communities they serve.
• Evidence-based decision making: Decisions are based on the best available evidence, data, information and knowledge. As new discoveries are made and new knowledge shared, the health system integrates these into the decision-making process to advance excellence in every aspect of safe, patient-centered, efficient and value-added care, outcomes and infrastructure.

Summary

The SVP, CFO of the Kansas City Division is responsible for the financial leadership and strategic direction of the division within the larger academic health center. This role involves overseeing financial planning, budgeting, financial reporting, and compliance with regulatory requirements. The SVP will collaborate with leadership to ensure the division's financial health and support its mission of providing high-quality patient care, education, and research.

Responsibilities

Financial Strategy and Leadership:

o Develop and implement financial strategies that align with the division’s goals and objectives.

o Provide leadership and oversight for all financial functions, including accounting, budgeting, forecasting, and financial analysis.

Budgeting and Financial Planning:

o Lead the annual budgeting process, ensuring alignment with organizational goals and financial sustainability.

o Monitor and analyze financial performance against budget, providing insights and recommendations to division leadership.

Financial Reporting:

o Ensure accurate and timely financial reporting to internal stakeholders and external regulatory agencies.

o Prepare and present financial reports to the division's leadership and the broader academic health center.

Compliance and Risk Management:

o Ensure compliance with all federal, state, and local regulations, as well as internal policies and procedures.

o Identify financial risks and develop strategies to mitigate them.

Collaboration and Stakeholder Engagement:

o Collaborate with department heads and other key stakeholders to support financial decision-making.

o Serve as a strategic partner to the division’s leadership, providing insights on financial implications of operational decisions.

Team Leadership and Development:

o Lead and mentor the finance team, fostering a culture of excellence, accountability, and continuous improvement.

o Oversee recruitment, training, and professional development of finance staff.

Capital Planning and Investment:

o Manage capital budgeting processes and investment strategies to support the division’s growth and operational needs.

o Evaluate and recommend opportunities for financial investment and resource allocation.

Qualifications / Requirements

Education

o Master’s degree in Finance, Accounting, Business Administration, or a related field; CPA or CMA preferred.

Experience

o Minimum of 15 years of progressive financial leadership experience, preferably in healthcare or academic settings.

o Demonstrated experience in financial planning, analysis, and reporting.

Skills

o Strong analytical and problem-solving skills, with the ability to interpret complex financial data.

o Excellent communication and interpersonal skills, with the ability to engage effectively with diverse stakeholders.

o Proven leadership abilities with a track record of managing and developing finance teams.

Knowledge:

o Knowledge of healthcare finance, reimbursement models, and regulatory compliance issues.

o Familiarity with financial management software and tool