UC Davis Health invites nominations and applications for the role of Chief Financial Officer. Joining a dynamic and innovative leadership team, the Chief Financial Officer reports to the CEO of UC Davis Health, who also serves as the Vice Chancellor for Human Health Sciences of the University of California, Davis.
THE RECRUITMENT
APPLICATIONS AND NOMINATIONS:
UC Davis Health has retained Opus Partners to support this recruitment. Craig Smith, Partner, and Thomas Lapierre, Senior Associate, are leading the search. Confidential inquiries, applications, and nominations can be sent to thomas.lapierre@opuspartners.net.
To apply, candidates must provide a resume and a letter of interest. UC Davis Health values diversity, equity, and inclusion and will seek a leader who is committed to promoting these values. We encourage candidates to include in their cover letters how they have promoted these values in their career and/or how they would plan to do so in this role.
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UC Davis Point of Contact:
Patty Covington Fleming
Senior Executive Recruitment Partner
pcovingtonfleming@ucdavis.edu
Position Summary
The Chief Financial Officer, UC Davis Health (CFO) is responsible for the overall financial operation of UC Davis Health, which includes the School of Medicine, Betty Irene Moore School of Nursing, Medical Center, and the Medical Group. The CFO reports to the CEO of UC Davis Health, Dr. David Lubarsky (“CEO”). In the overall structure of UC Davis, Dr. Lubarsky is the Vice Chancellor of Human Health Services and reports to the Chancellor of the University.
UC Davis Health advances each element of the University’s mission: education, research, and patient care. Its highly integrated organizational structure – medical center, schools, and faculty practice – gives it the opportunity to define and pursue transformative initiatives. An important dimension of the CFO’s role is to sustain synergy among Health’s constituent units and their various mission areas and business activities. The CFO plays a central role in identifying mission-related initiatives and designing the financial framework for their pursuit – including optimizing how the various parts of Health align around each objective.
The CFO is responsible for the School of Medicine, Betty Irene Moore School of Nursing, Medical Center, and Medical Group financial reporting, financial planning and analysis, budgeting and accounting systems and procedures, revenue cycle management, health information management, capital planning, and facilities planning, design and development. The CFO represents the health system in various activities of these units and serves on appropriate University of California Office of the President (“UCOP”) and campus fiscal-affairs committees representing these units and UC Davis Health as a whole. In consultation with the CEO and the Executive Leadership Team, the CFO is responsible for communicating to all staff and faculty the status of the financial condition of the health system and its units, keeping leaders and managers abreast of changing economic conditions and proposing various fiscal strategies to ensure its continued financial viability. The CFO participates in the School of Medicine, Betty Irene Moore School of Nursing, Medical Center, and Medical Group long-range planning processes and represents the financial operations of the health system on appropriate leadership committees. The CFO also liaises with and enables the efficient work of internal and external audit functions.
The CFO will be responsible for specific units and functions as assigned by the CEO, including but not limited to hospital and professional patient accounting (working in close partnership with compliance), strategic financial planning, budgeting, general accounting, financial reporting, operational financial planning, capital financial planning, payroll, accounts payable, health information management, and facilities planning and construction. Planned capital expenses, including for a new hospital tower and a new surgical center, totaling almost $7 billion, and securing/assuring sustainable financing is a critical part of the role. All School of Medicine, Betty Irene Moore School of Nursing, Medical Center, and Medical Group staff with line responsibilities for these activities report to the CFO. The CFO ensures that all UC Davis Health units adhere to applicable fiscal and administrative policies.
The CFO has a dotted-line reporting relationship to the Vice Chancellor – Finance, Operations, and Administration, Davis campus, to ensure communication and coordination of financial planning and analysis between the Davis and Sacramento campuses of UC Davis. While the CFO works directly with the UC Health division of UCOP on financing and executing Health’s capital program, the dotted-line relationship with the Davis campus Vice Chancellor enables efficient integration of Health needs and objectives into overall institutional planning and effective engagement with the UC Office of the President.
The CFO is responsible for approximately 958 FTEs, representing the diversity of staff classifications found in a large health system. Management responsibilities include a division expense budget of approximately $180 million and responsibility for monitoring the entire School of Medicine, Betty Irene Moore School of Nursing, Medical Center and Medical Group budgets, currently totaling approximately $4.5 billion. The CFO is also responsible for the financial management of capital investments and for accurate calculation and management of operating contractual allowances totaling approximately $7 billion.
See complete position profile at the link below.
The Recruitment Advisory Committee roster is available below.
The University of California is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age or protected veteran status. The complete University of California nondiscrimination and affirmative action policy is available online.