SEVP Chief Financial Officer

Position Description

The Senior Executive Vice President, Chief Financial Officer (SEVP, CFO) will serve as an integral member of the Executive Leadership Team and be accountable for overseeing all financial functions throughout CommonSpirit Health. This leadership position reports to the CEO of CommonSpirit Health and as such will partner closely with the CEO to establish and/or develop financial strategies that position CommonSpirit Health for success. They will also be responsible for the oversight of all direct financial functions including financial reporting and analysis, accounting and revenue cycle activity, financial system and internal controls, accounts payable, payroll, supply chain management, treasury, real estate construction, budgeting and forecasting, project financing, strategic financial planning, and investor financial relations across CommonSpirit Health. In addition, the SEVP, CFO may serve on designated CommonSpirit majority owned Boards and participate in and/or lead M&A activity at the region and/or corporate levels.

This leader will bring a deep knowledge of the healthcare industry, including current standards and best practices in leveraging technology to streamline financial functions. The SEVP, CFO must possess a deep understanding of the laws, regulations, and compliance issues that govern physician groups and hospitals. In addition, the SEVP, CFO will be charged with driving the enhancement, expansion and ongoing refinement of all financial programs, and initiatives to support the necessary financial, technical, and organizational changes that are required to ensure the future success of the ministry.

The SEVP, CFO will be a transparent and collaborative partner who will work as part of the senior management team, providing reliable, consistent and understandable financial information. This leader will be capable of providing astute guidance and early warnings of negative trends, including the formation of practical and timely solutions. The SEVP, CFO will be committed to excellence, consistently providing the CEO and the Board of Directors with the tools that ensure strong and effective governance.

Reporting Relationship
The SEVP, CFO has nine direct team members and is responsible for a total team of 6,734 across its ministry.

Principal Accountabilities

• Operations
Responsible for planning and overseeing the annual operating and capital budget planning process, ensuring the appropriate level of executive team, Board of Director, and public involvement. This leader will bring demonstrated experience aligning financial functions with strategy and organizational goals, including a keen understanding for and appreciation for how to leverage technology to achieve efficiencies in financial operations. This leader will bring a technical aptitude across all key financial functions, including accounting, financial reporting, accounts payable, payroll, materials management, revenue cycle, treasury (including cash and investment management and bond financing), payer contracting, budgeting and, forecasting, financial planning, real estate and facilities, project financing and capital planning, strategic financial planning, acquisitions, and legal, with an ability to roll up their sleeves when necessary and guide the team to the right answer.

Leads the ministry’s revenue cycle transformation, integration to optimize financial performance, utilizing advanced analytics, automation, and digital tools to drive revenue integrity, aligning with organizational goals, and regulatory requirements while enhancing patient financial experience.

• Portfolio Management
Leads the ministry’s financial and business portfolio, strategically balancing assets and investments to optimize returns, support innovation, and align with the ministry’s long-term goals. Identifies, structures, and manages due diligence and financial analyses of M&A, joint ventures, and divestitures to drive growth and expand the ministry’s capabilities.

• Financial Acumen and Stewardship
Collaborating with key operating leaders across the ministry; the SEVP, CFO will conduct specific analyses of business opportunities, programs, business partnership, and services that support the mission. Be a change agent from a process improvement perspective and be able to motivate and garner buy-in from key stakeholders on changes made. While continued improvements to the finance functions remain critical, equally as important to CommonSpirit Health will be how effectively the SEVP, CFO aligns the ministry’s operational leaders with those improvements. Effective communication, collaboration, and leadership skills are essential in this role.

• Building Relationships and Using Influence
Serves as a strong partner with the CEO, taking the lead, as appropriate, during senior management meetings and governance meetings. This leader is responsible for presenting compelling governance presentations related to financial, investment, audit, and compliance reporting as well as developing effective working relationships with Board members. This leader will also work closely with the Finance, Compliance, Audit, and Investment committees to ensure they have the requisite tools and data for strong governance.

• Business Development and Innovation
Serves as a principal advisor on business opportunities created by or presented to the leadership team. Knowledge and understanding of innovation in healthcare and the impact of the changing health policy environment on ministry financials is essential.

• Team Leadership and Development
Leads, mentors, and develops the finance team to ensure a high-performing, collaborative, and accountable team aligned with organizational goals. Fosters a culture of continuous learning, innovation, and professional growth. Ensures the team is enhancing their financial literacy and leadership capabilities to address emerging financial challenges. Champions a culture of integrity, transparency, and continuous improvement within the finance team and throughout the organization.

Experience and Qualifications

• A Master’s degree in Business or Health Care Administration with a major emphasis in Accounting, Finance and/or Economics. Although not required, the CPA is preferred.
• A minimum of 15 years of senior executive-level financial management and/or healthcare operations experience, preferably as a Chief Financial Officer and/or senior executive in a comparable operational leadership role, within a complex, multi-state organization is required. Must have a demonstrated ability to drive financial performance, lead teams across diverse geographic regions and thrive in a heavily regulated, highly competitive industry undergoing rapid change.
• A proven ability to make quality-based strategic business decisions and initiate, design and implement financial improvement practices that meet organizational, strategic, and business objectives.
• Capacity to balance the big picture, strategic perspective with attention to the details of execution.
• Track record of success leading a high functioning, multi-disciplinary finance team.
• Demonstrated success elevating the performance of the finance function, including leveraging technology to find efficiencies and improvements across hospital and physician entities.
• Highly ethical and trustworthy leader with a track record of being values-oriented and practices them in both words and actions.
• A broad knowledge of technical elements involved in the finance function, including requisite laws and/or policies.
• Experience maximizing financial performance subsequent to an ERP installation.
• A demonstrated ability to present complex information in a concise, yet comprehensive manner to board members, medical staff, community leaders, and employees ensuring the integrity, transparency, and accuracy of all financial disclosures with regulators. Setting the tone for ethical financial stewardship and building trust to support the ministry’s strategic objectives.
• Flexibility of thought and a willingness to listen to input and feedback provided by others.
• A genuine, open style that lends itself to partnership with others.
• Demonstrated experience serving as a trusted advisor and strong role model for effective leadership practices, building effective partnerships and influencing others.
• Stewards the financial resources of CommonSpirit Health in alignment with its Catholic mission and values. Ensures all financial strategies and decisions supports the ministry’s commitment to compassion to deliver humankindness and excellence.

Personal and Professional Attributes

Executive Presence– Accomplished executive with a people-centered leadership approach characterized by transparency, candid communication, and active listening skills.

Communication – Promotes and provides effective presentations with internal and external customers. Able to communicate effectively with all levels of the organization, including the public, physicians, senior staff, team members, and ministry leadership.

Culture – Effectively builds a culture of competence, inclusion, mutual respect, and devotion to the mission.

Strategic Thinking and Actions – Strong business and intellectual acumen with the ability to position the ministry for the future, looking beyond the present situation to conceptualize key trends and identify changing market demands.

Collaborative – Has the ability to work in a collaborative and constructive fashion with a wide-ranging group of stakeholders, driving a sense of shared mission and arriving at consensus outcomes that align with Catholic mission and values.

Empowering Leadership – Approaches leading the organization as a cohesive team, creating open lines of communication, and managing the team in a way that enables them to utilize strengths and continue to grow competencies.

Team and Partnership Relations – Creates successful and mutually beneficial relationships with partners and team members both internal and external to the organization.

Priority Setting – Can take a strategic view of the organization and identify what the key priorities should be and provides the team with clarity around their work and goals. Ability to understand major objectives, break them down into meaningful action steps, and lead the execution to achieve successful outcomes.

Accountability – Holds self and others accountable. Creates a culture of accountability that starts at the top and is built around honest communication and clear expectations.

Acting with Integrity – Does the right thing, even when it does not matter or when no one will see.

Location Flexibility

Unlike many executive roles of this caliber, the SEVP, CFO position does not require relocation. CommonSpirit Health’s scale, technological infrastructure, and commitment to enterprise-wide collaboration enable a high-performing leader to be effective while residing anywhere in the United States.
While regular, intentional travel to its five regions and key sites including Chicago, Phoenix, and San Francisco for executive meetings is expected, this is not an exhaustive list of travel sites and is subject to change based upon the ministry’s clinics and care sites. The selected executive will have the flexibility to remain rooted in their current community, avoiding the disruption of a major move. This structure reflects CommonSpirit Health’s commitment to attracting the best leadership talent, regardless of geography.

Inspired by faith. Driven by innovation. Powered by humankindness. CommonSpirit Health is building a healthier future for all through its integrated health services. As one of the nation’s largest nonprofit Catholic healthcare organizations, CommonSpirit Health delivers more than 20 million patient encounters annually through more than 2,300 clinics, care sites and 137 hospital-based locations, in addition to its home-based services and virtual care offerings. CommonSpirit has more than 157,000 employees, 45,000 nurses and 25,000 physicians and advanced practice providers across 24 states and contributes more than $4.2 billion annually in charity care, community benefits and unreimbursed government programs. Together with our patients, physicians, partners, and communities, we are creating a more just, equitable, and innovative healthcare delivery system.