VP CF0-Johns Hopkins National Capital Region

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About The National Capital Region

The National Capital Region (NCR) encompasses: Washington, DC; Montgomery and Prince George's Counties in Maryland; Arlington, Fairfax, Loudoun, and Prince William Counties in Virginia; and the incorporated cities of Alexandria, Falls Church, Fairfax, and Manassas in Virginia. It includes a population of approximately 6 million people and is characterized by both growing and aging patient populations.

The NCR system of care is anchored by inpatient care at Suburban Hospital and Sibley Memorial Hospital, which provide increasingly complex care while continuing to actively manage the transition of care delivery from an inpatient setting to ambulatory, home-based and other post-acute settings. Strategic objectives for the region include elevating safety and clinical quality, growing services and locations, and integrating structures, processes, and functions across and within the region. The vision for the NCR is to be the provider of choice in the region advantaged by Johns Hopkins Medicine subspecialty expertise and exceptional community care.

Job Purpose

The Vice President and Chief Financial Officer of the National Capital Region (NCR) is the strategic and operational finance leader for the regional portfolio. As a member of the NCR's Executive Leadership Team and the Johns Hopkins Health System Finance Leadership Team, this leader is responsible for financial direction and oversight of the Hospitals and NCR ambulatory platforms with annual operating revenue exceeding $3B and approximately 5,000 employees, 2500+ physicians, 80,000 emergency visits, and 24,000 annual admissions. This individual will collaborate with leaders throughout Johns Hopkins Health system to identify, lead and support broad strategic institutional activities and change initiatives. Key aspects of the role include:

1. Serve as a strategic thought partner to and support all financial leadership activities reporting to the President, the National Capital Region and the Vice President of Corporate Finance with Johns Hopkins Health System (JHHS) including pro-actively advising on relevant internal and external environmental factors that could affect financials in the short and long-term.
2. Work closely with and as part of the broader executive finance team through reporting to the JHHS VP Corporate Finance as part of ensuring the NCR operates as an effective, coordinated extension of a central finance structure and process.
3. Participate in and influence institution-wide financial planning and decision-making, leveraging financial expertise and knowledge of best practices; and in a way that is consistent with and supportive of the overall mission, vision and strategy of the NCR and JHHS.
4. Serve as key leader interfacing with the NCR hospitals Boards of Trustees, Finance Committees, and Investment Committees to maintain effective communications regarding financial strategy, operations, and performance.
5. Drive efficient and effective delivery of financial services for the Department of Finance's shared services functions supporting the NCR, acting as a catalyst for change to ensure the needs of the clinical operations, service lines, departments and other leaders are being aligned and fulfilled.
6. Develop the workforce of the future, hiring this individual's team and accelerating performance through clear expectations and goal setting and ensuring that career conversations, succession planning and development plans are embedded in the way this individual team performs their work.

Reporting Relationship

The VP and Chief Financial Officer, the National Capital Region will be a member of the NCR senior executive team and the JHHS Finance Leadership Team, working closely with President and Chief Operating Officer, Sibley Memorial Hospital, and President and Chief Operating Officer, Suburban Hospital. The role directly reports to the President, the National Capital Region and, Vice President Corporate Finance, Johns Hopkins Health System.

This role will be located in the National Capital Region.

Required Qualifications & Experience

• A minimum of a bachelor's degree in finance, accounting or a closely related field is required. An MBA and/or a CPA is preferred.
• Minimum of ten (10) years as a hospital finance leader experience, Experience as sitting CFO desirable
• Experience with complex, multi-stakeholder environments, of comparable scale
• Experience with Capital Budgeting
• Proven record of recruiting and developing a high-performing, diverse and inclusive finance team
• FP&A / operational finance
• Financial control / reporting

Preferred Qualifications & Experience

• Experience at an academic medical center preferred
• Experience or familiarity with Maryland's All-Payer Model (or comparable)
• Broader health services experience
• Experience with large-scale research funding & financial management
• Revenue Cycle experience
• Managed Care experience

Key Accountabilities

1. Some of the more specific VP and Chief Financial Officer activities and responsibilities include:
2. Work closely and collaboratively with NCR senior executive teams to provide leadership regarding regional financial performance and planning.
3. Design, advise, and collaborate with NCR President and the JHHS VP Corporate Finance on regional financial system structures and processes.
4. As part of NCR strategic agenda implementation, lead approach to detailed business plans as well as investments and expenditures to facilitate execution of key strategic initiatives.
5. Develop communication vehicles to enhance operational and governance leaders' understanding of finances to support effective decision-making.
6. Cultivate, nurture and build strong relationships across JHHS eco-system and help develop metrics and measures to monitor, track and maintain the positive impacts of key initiatives underway.
7. Advise leaders across the enterprise to help develop and manage operating and capital budgets.
8. Lead the month-end and quarter-end financial close activities.
9. Collaborate with peers and business leaders (i.e., revenue cycle, supply chain, business planning, contracting and payer relations and financial and accounting services) to establish operational expectations and improve performance over time.
10. Assist operational and clinical leadership in real time on daily, weekly and monthly initiatives, serving as a key partner to the executive team.
11. Support NCR leadership with shared services alignment across JHHS to ensure actions are taken and plans are made, in context of the greater good with transparency and mutual accountability.
12. Enhance financial operational processes within the region to advance efficiencies and communications regarding financial performance.

Core Competencies

Business Leadership

The CFO must have the requisite skills and characteristics to be both an advisor to and partner with the President and Committees of the Boards of Trustees. As a key member of the senior management team, the CFO will provide functional and business leadership through this individual's financial acumen and business experience. The CFO will work as a peer with healthcare executives and functional heads, developing, overseeing and tracking plans and results, suggesting improvements and re-examining assumptions as needed. At the enterprise level, the CFO may lead initiatives to implement best practices, consolidate operations, influence allocation of resources, manage costs and improve revenues. As such, this individual will bring strong persuasive, collaborative and influencing skills forward.

Strategic Orientation

The successful candidate will be creative and capable of thinking broadly about business opportunities and solutions, not just financial issues. The candidate will demonstrate the ability to work with the President, the JHHS CFO, senior management team and system level partners to drive performance and shape strategy for the National Capital Region. This could include growth, diversification, operational efficiency, program and asset optimization and payer strategy among others. Candidates will be able to demonstrate contributions to the strategic success of their prior organizations that have meaningful parallels with Johns Hopkins Health System. The successful candidate will have insight into the evolving local, national and even global healthcare markets, from competitive and regulatory perspectives.

Collaboration & Influencing

The VP CFO will be a strong member of and contributor to the senior leadership team. Although this individual will influence and shape the financial plan, helping build toward and steward a financial framework for sound decision-making, it will be critical that the successful candidate appreciate and fit in with the team's style. The VP CFO must be open and approachable, flexible and an apolitical, collaborative and strategic contributor. As the NCR continues to grow, it is important that senior management maintains strong, collegial ties across the diverse operations of the organization. The new VP CFO will need to be an important example of this attribute and foster collaboration and teamwork across functional lines and geographic boundaries.

Financial Functional Expertise

The successful candidate will demonstrate outstanding broad-based functional competence and have a consistent record of accomplishment as a senior finance executive. This individual will possess a strong combination of strategic orientation and operational focus, with emphasis on managing disciplined financial operations and plans. The candidate will have experience successfully building and managing relationships with important internal and external stakeholders, including the board of directors, site executives, clinical leaders, payors, physicians, medical schools and financial institutions. Prior experience in being effective and impactful across a large, diverse, multifunctional financial organization is required, as is the ability to hire, develop and promote other financial executives.

Change Leadership/ Transformation

The CFO will bring experience as a successful change leader. This individual will have played a key role in one or more organizational transformations with extensive influence beyond the Finance function. This individual will possess the ability to communicate a positive vision of the future and rally an organization to embrace the hard work of growth and transformation. This will include defining highly operational and metrics driven roadmaps to change, holding people accountable and celebrating successes in ways that maintain positive momentum and enthusiasm in the organization. This individual will be realistic and decisive about the resources needed to lead change initiatives and have a record of building the teams required to accomplish transformation.

Personal Characteristics

The ideal leader in this role will bring to it an innate and deep commitment to human health, to integrity and collaboration in service of the greater mission of patient care and a deep regard to both honor the history and shape the future of this iconic institution - hand in hand with their colleagues on this journey. This individual will be broadly a glass is half-full leader, eager to find solutions, caring to foster joy, empathy and compassion in the workplace and driven to win in partnership with others. This individual will also be a student of life and others, seeking to understand first and to honor that understanding in this individual's dealings with others.

Salary Range: Minimum 0.00/hour - Maximum 0.00/hour. Compensation will be commensurate with equity and experience for roles of similar scope and responsibility.

In cases where the range is displayed as a $0 amount, salary discussions will occur during candidate screening calls, before any subsequent compensation discussion is held between the candidate and any hiring authority.

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