Job Title Vice President Finance & Chief Financial Officer
Job ID 66861
Location London Health Sciences Centre
Full/Part Time Full-Time
Deadline: October 22nd, 2019
London Health Sciences Centre (LHSC), one of Canada’s largest acute-care teaching hospitals, is dedicated to excellence in patient care, teaching and research. Since 1875, we have provided patient care for the people of London, the region, and beyond. Many national and international medical breakthroughs have been pioneered at LHSC, to the benefit of patients at home and around the world. Through our affiliation with Western University and more than 30 other educational institutions, we train more than 1,800 medical and health care professionals annually.
London Health Sciences Centre is now seeking a values-based, participatory, patient and family-centered healthcare leader as the Vice President (VP) Finance & Chief Financial Officer (CFO). The position of VP Finance & CFO is responsible for providing strategic leadership and oversight of all financial services, accounting, procurement, and financial planning. The CFO will work in close collaboration with St. Joseph’s Health Care with the oversight of Health Care Materials Management Services an unincorporated joint venture of both organizations.
The VP Finance & CFO is accountable and shares responsibility with other LHSC executives to assure the provision of safe, quality and cost effective healthcare for our patients and community in alignment with the organization’s mission, vision and values.
The Ideal Candidate
The Ideal Candidate will have a proven ability to work effectively and collaboratively across the organization and maintain positive working relationships with the leadership of clinical, support services and medical programs. They must also maintain positive working relationships with the Ministry of Health, South West LHIN, Infrastructure Ontario (IO), and other provincial organizations as required.
Will have a minimum of ten (10) years’ experience in progressive senior leadership roles in related fields (finance and accounting), and complex operation environments with significant organizational change. Experience in health care and/or public sector/not-for-profit is an asset.
The ideal candidate will be a Chartered Professional Accountant (CPA/CA) and will hold a Master’s Degree in business, accounting or a health leadership related degree. They will also be able to demonstrate their ability to fulfill the outlined responsibilities and accountabilities below.
Key Responsibilities & Accountabilities
The VP Finance & CFO reports to the Chief Business Operations Officer (CBOO) and will be working closely with both the CEO and CBOO in the strategic oversight of LHSCs financial performance. The VP Finance & CFO is accountable for the quality and overall development and coordination of the programs within his/her portfolio. Safety (patient, worker & workplace) is a LHSC Corporate Priority. The successful applicant will demonstrate good stewardship in the identification, reporting and mitigation of unsafe acts or conditions. In the role of VP Finance & CFO, the new incumbent will be responsible for the following:
Provides strategic financial management and operational people-centered leadership to both an assigned portfolio and the organization as a whole;
Annual business planning and oversight of financial planning;
Develops standardized reporting model for financial and decision support information.
Maintenance of all capital budgets and planning;
Leads the implementation of case costing and operating room costing systems
Regular measures LHSC’s performance against peers
Development and use of expertise in Health System Funding Reform (HSFR) and Health Based Allocation Model (HBAM) forecasting, Bundled Payment and future funding models for Ontario Health Teams;
Meeting or exceeding LHSC, Ministry and LHIN accountability targets;
Creates organizational planning and reporting systems;
Provides staff support for the finance and audit of the Board and other relevant subcommittees.
Experience supporting and working with governance
Provides corporate performance reports for the Executive team, CEO and Board of Governors as requested.
Collaborative and team-building expertise, both inside and external to LHSC;
Commitment to mentoring others and professional development;
Expert people-centered leadership and management/ business acumen;
Passion for patient-centered care and high quality safe care, caring and patient/family experiences;
Role modeling LHSC values.
Submission Requirements (please submit in one document)
Cover Letter, Resume and Listing of Education, Credentials and Certifications and References
As part of the assessment process applicants may be required to complete a written project plans, presentations and proposals. Please be advised that a reference check will conducted as part of the selection process.
Your interest in this opportunity is appreciated. Only those applicants selected for an interview will be contacted. Successful candidates, as a condition of job offer, would be required to provide a satisfactory police information check (original document) completed in the last 3 months, and a complete a health review which includes providing vaccination records or proof of immunity against Measles, Mumps, Rubella, and Varicella (Chicken Pox), Hepatitis B, Tetanus/Diphtheria/Polio; Meningitis. In addition, they will need to provide documentation of the Tuberculosis skin testing (two step).