Executive Vice President and Chief Financial and Business Strategy Officer

Dana-Farber Cancer Institute•Brookline, MA

59d

About The Position

Reporting to the President and Chief Executive Officer (CEO), the Executive Vice President (EVP) and Chief Financial and Business Strategy Officer is a critical partner to the executive team and Board of Trustees, guiding Dana-Farber Cancer Institute (DFCI) through a period of major growth, transformation and innovation. The EVP is a strategist and change leader, who has overall responsibility for the finance and business strategy functions of DFCI. The EVP participates as a key member of the Executive Leadership Team in setting vision and driving change in a complex and highly matrixed organization. Acting as a trusted advisor, the Chief Financial and Business Strategy Officer works closely with executive and faculty leaders and the Board of Trustees in developing, monitoring, governing and evaluating Dana-Farber's overall financial health, strategy, planning and analysis during a time of significant market change. The EVP will oversee strategic planning efforts throughout Dana-Farber, as well as the alignment of the strategies with annual goal setting and budgeting processes. Working collaboratively with the EVP and Chief Operating and Transformation Officer and with DFCl's executive team and their direct reports, this role guides and aligns strategy with annual capital and operating budgets. Located in Boston and the surrounding communities, Dana-Farber Cancer Institute is a leader in life changing breakthroughs in cancer research and patient care. We are united in our mission of conquering cancer, HIV/AIDS and related diseases. We strive to create an inclusive, diverse, and equitable environment where we provide compassionate and comprehensive care to patients of all backgrounds, and design programs to promote public health particularly among high-risk and underserved populations. We conduct groundbreaking research that advances treatment, we educate tomorrow's physician/researchers, and we work with amazing partners, including other Harvard Medical School-affiliated hospitals.

Requirements

Ten plus years of progressive financial leadership in a large, complex healthcare organization
Ideally as the chief financial officer (CFO) of a $1 billion+ organization or deputy finance leader for a $3 billion+ organization. Experience in a research-based academic medical center setting. Deep expertise across multiple finance disciplines, including accounting, revenue cycle, external affairs, business strategy and payer contracting, with a track record of navigating complex regulatory and compliance audits.
A track record of growing a health system through acquisitions, partnerships, affiliations and joint ventures
Proven success as a strategic advisor to executive leadership, with the ability to influence key stakeholders and foster trust across all levels of the organization
Experience with a range of reimbursement models
Such as bundled payments, risk contracting and capitation.
Experience working with the investment community
On treasury functions, investment portfolio management and resource allocation.
Bachelor's degree required
Master's degree and/or CPA preferred.

Nice To Haves

Master's degree and/or CPA preferred.

Responsibilities

Partner with senior executive leaders to serve as a strategic resource to carry out both mission-related and operational goals.
Engage with members of the executive and faculty leadership teams and the board of trustees as a trusted advisor and confidant.
Lead the design and assessment of financial strategy and performance as it relates to managing against the annual budget and long-term goals, while fostering organizational effectiveness and sustainability.
As an executive leader, provide strategic direction to Dana-Farber through finance and business strategy formulation, decision making, forecast/budgeting and implementation/monitoring.
Establish and implement internal controls and ensure efficient and effective financial operations, as per industry benchmarks.
Regularly present to the Board of Trustees and relevant Board committees regarding budget and financial performance and key strategic initiatives
Provide executive leadership and strategic direction for external affairs, including local, state and national regulatory, legislative and government relations. Oversee a patient-centric legislative agenda and advocacy in support of DFCI's mission and programs.
Serve as key liaison with relevant committees of the Board of Trustees (including Finance, Audit & IT, and Investment committees) by working with committee chairs to develop meeting agendas, facilitate engaged discussions, and ensure appropriate governance approvals for key Dana-Farber financial matters.
In conjunction with the Board Investment Committee, manage institutional financial investments and ensure investment activities align with Dana-Farber's mission and long-term financial stability
Ensure that financial and accounting policies and procedures are in accordance with statutory regulations and standards and comply with risk management and internal controls.
Lead the evaluation and development of cost-effective and efficient systems, processes and contract relationships to maximize return on investment and impact.
Develop finance and business strategies by providing financial and accounting information, analytics and recommendations and by establishing functional objectives in line with the Institute's organizational goals and objectives.
Create and sustain productive vendor, banking and contractual relationships and serve as primary liaison with related third parties.
Develop financial well-being of the organization by providing financial projections, analytics and growth plans.
Review and manage (and establish as needed) internal systems, controls, processes and procedures to ensure the integrity, accuracy, compliance and usefulness of financial information and reporting.
Oversee human capital strategy and human resources activities within the finance division, including hiring, professional development, performance management, salary administration and succession planning.
Monitor financial performance by measuring and analyzing results, initiating corrective actions and minimizing the impact of variances.
Update job knowledge by remaining aware of new regulations, participating in educational opportunities, reading professional publications, maintaining personal networks and participating in professional organizations.
Champion an inclusive culture that embraces a broad range of backgrounds and perspectives.
Partner with executive team, board and clinical leadership to shape DFCI's evolving business model amid period of significant transformation.
Lead financial strategy for the new DFCI hospital, while maintaining financial stability during regulatory and reimbursement uncertainty to mitigate financial risks.
Transition and unwind from existing partnerships DFCI currently maintains by leading business strategy, IT and enterprise operational considerations.
Build strong, positive relationships with all stakeholders, including administrative and clinical leaders across the organization, board members, donors and external partners at the state and federal level, firmly establishing trust and credibility.
Develop and mentor an innovative and service-oriented financial leadership team, while serving as a change leader and cultural ambassador for the organization.
Refine a detailed strategic financial plan, based on collective insights across the organization, that advances DFCI's mission, financial performance and competitive positioning.
Evaluate and implement ongoing strategic partnerships, affiliations and M&A that support the organization's growth objectives over the next five years.