VP Chief Financial Officer, Johns Hopkins Hospital

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The Position
The Vice President, Finance and Chief Financial Officer (CFO) of The Johns Hopkins Hospital serves as the strategic finance leader of the flagship academic medical center of Johns Hopkins Medicine. As a member of the hospital's executive operations and other senior administrative teams, the CFO is responsible for the financial direction and oversight of the Hospital with an annual operating revenue exceeding 3.6 billion, including retail pharmacies; and more than 11,000 FTE employees and 4,500 credentialed physicians, housestaff, and advanced practice providers . The CFO is also a member of the Enterprise Finance Leadership Team and will collaborate with physician and administrative leaders throughout Johns Hopkins Medicine to identify, lead, and support broad strategic institutional activities and change initiatives.
Key aspects of the role include:

• Serves as a strategic thought partner to support all financial leadership activities reporting in to the President of The Johns Hopkins Hospital, and proactively advises on relevant internal and external environmental factors that could affect financials in the short and long-term.
• Works closely with and as part of the broader executive finance team reporting to the Johns Hopkins Health System Vice President of Corporate Finance.
• Participates in and influences institution-wide financial planning and decision-making, leveraging financial expertise and knowledge of best practices in a way that is consistent with and supportive of the overall mission, vision, and strategy of the Hospital, JHHS, Johns Hopkins Medicine, and the Johns Hopkins University.
• Drives efficient and effective delivery of financial services for the Department of Finance's shared services functions and supports the Hospital, acting as a catalyst for change to ensure the needs of service lines and department and other leaders are being aligned and fulfilled.
• Develops the workforce of the future, hiring team members and accelerating performance through clear expectations and goal setting and ensuring that career conversations, succession planning, and development plans are embedded in the work culture.

Key Responsibilities
The Vice President, Finance and CFO of The Johns Hopkins Hospital will have a broad set of responsibilities that will encompass the following:

• Plans, develops, and provides financial oversight of The Johns Hopkins Hospital
• Works closely and collaboratively with senior leadership, clinical, and administrative colleagues to provide leadership in the identification and implementation of performance improvement initiatives across JHH to help drive improved patient safety and satisfaction, as well as cost savings and efficiencies
• Cultivates, nurtures, and builds strong relationships across the JHM eco-system and helps develop metrics and measures in order to monitor, track, and maintain the positive impacts of key initiatives
• Advises leaders across the enterprise to help develop and manage operating and capitalizing budgets
• Leads month-end and quarter-end financial close activities
• Collaborates with peers and business leaders (i.e. revenue cycle, supply chain, contracting and payer relations, and financial and accounting services) to establish service line expectations, coordinate service line activities, and improve performance over time
• Assists Hospital leadership in real time on daily, weekly, and monthly initiatives, serving as a key partner to the executive team
• Drives performance improvement within The Johns Hopkins Hospital; aligns with shared services across JHHS and JHM to ensure actions are taken and plans are made, in context of the greater good, with transparency and mutual accountability
• Utilizes, models, and teaches process improvement techniques, such as LEAN/Six Sigma
• Provides oversight of the financial performance of all Hospital departments; monitors trends and performance and develops corrective action plans as needed. Ensures that the Johns Hopkins Health System Vice President of Corporate Finance is provided with accurate and timely financial and statistical information - as well as any systemwide reports -- regarding the Hospital and/or any subsidiary assigned to the CFO. Highlights any areas of concern to the JHHS Vice President of Corporate Finance
• Establishes credibility and builds strong, positive working relationships at all levels across of the organization
• Stays abreast of, and ensures that leadership is aware of, regulations influencing fiscal management of the Hospital
• Manages, develops and leads an effective, responsive, best-practice Hospital financial and decision support team, with an open communication style and analytical approach to business

The Candidate-Core Competencies
Business Leadership
The CFO must have the requisite skills and characteristics to be both an advisor and partner with the President and Finance Committee of the Board of Trustees. As a key member of the senior management team, the CFO will provide functional and business leadership through 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, the CFO 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, senior management team, and system level partners to drive performance and shape strategy for The Johns Hopkins Hospital. This may include growth, diversification, and 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. The successful candidate will have insight into evolving local, national, and global healthcare markets, from competitive and regulatory perspectives.

Collaboration and Influencing
The CFO will be a strong member of and contributor to the senior leadership team at The Johns Hopkins Hospital. Although their primary role will be to 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 also appreciate and fit in with the team's culture.
The CFO must be open and approachable, flexible, and an apolitical, collaborative, and strategic contributor. As Johns Hopkins Medicine continues to grow, it is important that senior management maintains strong, collegial ties across the diverse operations of the organization. The new 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. They 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 Trustees, site executives, clinical leaders, and physicians. 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.
They will possess the ability to communicate a positive vision of the future and rally an organization to embrace the hard work of 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. They will be realistic and decisive about the resources needed to lead change initiatives and have a record of building 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 and to integrity and collaboration in service of the greater mission of patient care, as well as a deep regard to honor the history and shape the future of this iconic institution - hand in hand with their colleagues on this journey.
They 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. They will also be a student of life and others, seeking to understand first and to honor that understanding in their dealings with others.

Professional Experience and Qualifications

• An MBA or CPA is required.
• Significant senior management experience in healthcare financial planning, budget management, financial reporting, general accounting, financial controls, and information systems, or equivalent
• Experience in a large academic health system preferred
• Demonstrated success serving in a complex, multi-stakeholder environment
• Sitting CFO experience highly preferred
• Proven experience and/or familiarity with Maryland's All-Payer Model (or comparable) preferred but not required
• Experience with capital budgeting, FP&A/operational finance, financial control, and reporting
• Proven record of recruiting and developing a high-performing, diverse, and inclusive finance team. Ability to effectively mentor and develop their team
• Experience with large-scale research funding and financial management
• Demonstrated revenue cycle and managed care experience preferred but not required
• Advanced knowledge of budget development, control and evaluation, financial forecasting, cost finding and analysis
• Analytical, negotiation, presentation, and leadership skills
• Proficient skills in directing, monitoring, evaluating, and motivating the performance of professional and management staff
• Effective oral and written communication skills required to work with senior executive hospital administrative staff, as well as professional, civic, and service organizations as a representative of the Hospital
• High level of proficiency and demonstrated effectiveness in problem-solving and implementing new programs related to increased departmental and organizational operating efficiency while utilizing hospital resources in a fiscally responsible manner
• Knowledge of current physician and hospital reimbursement and clinical issues confronting academic medical centers
  Proven organizational skills and political savviness
• Ability to develop strong relationships with physicians and patient care service professionals
• Demonstrated effectiveness in managing and directing departmental operations and management/supervisory personnel in evaluating, training, and motivating performance
• Ability to accomplish results through demonstrated ability to delegate effectively and to establish clear guidelines for accountability
• Effectiveness at building consensus and providing strong leadership in a team environment, with high professional and personal integrity
• Ability to prioritize work and be resilient in today's ever-changing healthcare environment and economy
• Demonstrated ability to serve as a change agent. Ability to form credible and strong relationships with key stakeholders to collaborate effectively and gain buy-in
• Driver of performance improvement as opposed to maintenance of "status quo." Commitment to consistently seeking ways to be better and maximize and diversify revenue
• Possession of a strategic thought process, and effective executor with a competitive mindset

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.

JHM prioritizes the health and well-being of every employee. Come be healthy at Hopkins!

Diversity and Inclusion are Johns Hopkins Medicine Core Values. We are committed to creating a welcoming and inclusive environment, where we embrace and celebrate our differences, where all employees feel valued, contribute to our mission of serving the community, and engage in equitable healthcare delivery and workforce practices.

Johns Hopkins Health System and its affiliates are drug-free workplace employers.