Scarborough Health Network Deputy Chief Financial Officer

Boyden; Ontario; On-site; CAD 120,000 - 160,000; Full time

Job summary

A leading healthcare provider in Ontario seeks a Deputy Chief Financial Officer to manage financial resources and provide expert financial advice. The role requires over ten years of senior management experience in acute care settings and a Certified Public Accountant designation. Responsibilities include overseeing financial planning, accountability, and collaborating with various stakeholders to ensure effective management and strategic implementation. This position promises to significantly impact the organization’s financial health and service delivery.

Qualifications

• Over ten years of senior management experience in a hospital.
• Experience managing finance department functions.
• Expert knowledge of performance and financial practices.

Responsibilities

• Responsible for financial resource stewardship at SHN.
• Provide strategic financial advice to leadership.
• Ensure performance accountability and fiscal strategy support.

Skills

Financial management

Strategic planning

Leadership

Public procurement

Financial analysis

Education

Certified Public Accountant designation

Master's degree

Job description

Deputy Chief Financial Officer

Scarborough Health Network

Scarborough Health Network (SHN) is shaping the future of care, designing a more integrated healthcare system for one of Canada’s most diverse communities. For more than 850,000 people throughout the eastern Greater Toronto Area, this will mean quicker access to the safest, highest quality healthcare, right here in Scarborough. We operate three full-service hospitals and several community-based locations, with essential services including emergency, diagnostic imaging, surgery, and rehabilitation care. We are experts in stroke, mental health, and seniors care, as well as orthopaedics and chronic disease management. Our facilities feature advanced birthing centres for moms, newborns, and growing families. We host one of North America’s largest regional nephrology programs and cardiovascular rehabilitation services, and we are a designated cardiac centre for the Central East region of Ontario.

Our workforce comes from all over the world, speaks more than 20 languages, and brings their diverse perspectives to deliver compassionate and inclusive care tailored for our community. We are achieving greater health equity by providing accessible healthcare to newcomers, addressing health conditions prevalent among multicultural populations, and removing barriers to healthcare for everyone.

We are proud to be a leader in transforming how our health system is working together to improve the health of our community. Along with being a Scarborough Ontario Health Team partner and working collaboratively with the Scarborough Family Physicians Network, we are a key partner for the University of Toronto’s Scarborough Academy of Medicine and Integrated Health; member of the Toronto Academic Health Science Network; and partner with other universities and colleges. In addition, SHN Research Institute is at the forefront of multicultural health research, grounded in understanding the unique healthcare needs of Scarborough.

Underpinning our commitment to exceptional quality care is the Love, Scarborough fundraising campaign, helping us to Build It Forward through a multi-year capital expansion and renewal strategy. We are bringing innovative, state-of-the-art hospital facilities, equipment, and technology to our health network to meet Scarborough’s evolving needs into the future.

The Deputy Chief Financial Officer (DCFO) plays a key role in the stewardship of SHN’s financial resources and is directly responsible and accountable to the VP, Finance, Business Development & CFO and jointly accountable to the Senior Leadership Team (SLT) and Board for the fulfilment of all statutory duties of Treasurer, Controllership and Strategic Sourcing and Procurement. This includes the safekeeping of all assets and maintaining long-term financial obligations as outlined in various legislations and other various government reporting requirements. The DCFO acts as the CFO's primary backup assuming their responsibilities when needed; the DCFO plays a key role in ensuring the financial health and stability of the organization while providing strategic financial advice to leadership teams.

The DCFO provides sound, timely advice and data to the VP, Finance, Business Development & CFO, SLT and the Finance, Audit, Infrastructure and Technology Committee (FAIT) to use and influence the operational decision-making and strategy of Scarborough Health Network (SHN). The role requires an expert knowledge of performance and financial practices, theory and strategic oversight to maximize strategic flexibility in operations and ensure delivery of quality services in a constrained environment.

The DCFO is dedicated to transparently supporting the annual allocation of hospital financial resources, measurement of performance and financial reporting, responsible for the ongoing development and adaptation of the financial systems to respond to the changing funding environment, support the Hospital’s fiscal strategy and meet external reporting requirements and plays a key role assessing potential business investments, ventures and developing the associated financing strategy.

Specifically, the DCFO provides leadership to all departments regarding a robust and accountable framework for the organization in order to ensure performance and financial sustainability. This position is responsible for ensuring that initiatives are progressing, represent best practices, are aligned with the Strategic Plan and advance care. This position builds relationships within SHN and the broader community including other hospitals (locally, provincially, nationally), community stakeholders, Ontario Health, Ministry of Health and other outside agencies.

The Deputy CFO will establish strategic plans and provide effective leadership for Finance (Financial Planning and Analysis, General Accounting, Accounts Payable, Accounts Receivable, Payroll, Program Costing, External Affairs, Internal Audit) and Procurement (Sourcing, Purchasing, Logistics, Contract Management, Asset Stewardship) within the Corporate Service Division, ensuring that departments discharge responsibilities in an effective and efficient manner. This includes providing strategic and operational oversight of a diverse management team, underlying financial management services, fiscal and performance accountability, and evaluation / assignment of standard work.

The Deputy CFO will bring over ten years of senior management experience providing leadership and direction to a large, complex portfolio in an acute care, large community or teaching hospital. Direct experience in the management of the day-to-day functions of a finance department, including financial planning and budgets, public procurement, payroll and health information, broad knowledge and experience impacting operations is required. A Certified Public Accountant designation is required and a Master’s degree is preferred.

To apply for this exceptional opportunity, please submit your application and related materials to Pamela Colquhoun, Partner, and Jim Stonehouse, Partner via Kathy Luu, Senior Associate [e-mail].

Scarborough Health Network (SHN) embraces and celebrates our community’s unique multicultural heritage and diversity. SHN is an equal opportunity employer, dedicated to a culture of inclusiveness and diversity reflecting our diverse patients, staff and community alike. We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act (AODA). Should you require accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs.