Finance Executive Health-Second Level

University Of Michigan; Ann Arbor (MI); Hybrid; USD 250,000 - 400,000; Full time

Benefits offered by this job

Medical, dental and vision coverage

Retirement savings match (2:1)

Job summary

University of Michigan Medicine seeks a Chief of Financial Services to lead centralized corporate functions including accounting, FP&A, reimbursement, ERP systems, and real estate. You will supervise senior directors, partner with MM CFO, and drive multi-year financial strategy across the clinical enterprise.

Attend to long-range financial planning, capital planning, and business plans for new ventures, while ensuring ERP designs meet business imperatives.

Qualifications

• Bachelor's degree required in Accounting, Finance, Financial Systems, or related field.
• 15 years of experience in financial analytics, data management, healthcare, and finance-related technology.
• Experience with operating and capital budgeting, long-range financial planning, and pro forma development.
• Experience with large-scale financial system implementations.

Responsibilities

• Strategic Leadership: Reports to MM CFO and supports executive leaders across clinical enterprise.
• Team Building: Direct reports include Senior Directors of Accounting, FP&A, Reimbursement, Finance Applications, and Real Estate.
• Professional Development: Mentoring, performance planning, and staff development.
• ERP and Systems: Lead ERP workflow design, build, test, and implementation across enterprise.
• Financial planning: Oversee annual operating and capital budgeting, long-range planning, and new venture analyses.
• Reimbursement & Revenue: Oversee Medicare/Medicaid reimbursements, GME payments, and revenue recognition.
• Real estate and leasing: Oversee real estate purchases, sales, and lease negotiations.
• Modes of Work: Hybrid or remote options at department discretion.

Skills

Strategic leadership

Relationship building

Mentoring

Team building

Communication

Executive collaboration

Education

Bachelor's degree in Accounting, Finance, Financial Systems, or related field

Graduate-level degree in Business, Informatics, Quantitative Analysis, Accounting, Finance, Information Systems, or related field

Tools

ERP systems

Job description

The Michigan Medicine Chief of Financial Services (CFS) is the executive manager of centralized corporate functions including accounting, financial planning and analysis, reimbursement, financial systems and applications, and real estate and leases.The CFS supervises a team of senior directors who oversee each function, providing executive support, expertise, and strategic coordination. The CFS serves as a direct report, strategic advisor, and partner to the Michigan Medicine Chief Financial Officer and has jurisdiction across the entire clinical enterprise (currently including the academic medical center in Ann Arbor and the Regional Health Network in Lansing and Grand Rapids).

Responsibilities*

Strategic Leadership

Reports to the Michigan Medicine Chief Financial Officer (MM CFO) and is accountable to the Associate Chief Financial Officers (ACFOs), Vice Presidents of Finance (VPFs), the Chief of Managed Care and Contracting, the Chief Revenue Cycle Officer, and executive and senior leaders in clinical operations (e.g., the Chief Nursing and Operations Executive of University of Michigan Health, the President of the Regional Health Network, and hospital and business segment leaders).

Supports the University of Michigan Health (UM Health) Board of Directors Finance Committee and the UM Health Corporation Board Finance Committee.Establishes and maintains strong working relationships with the University Finance and Treasury Office and the Medical School Finance team.Also builds strong working relationships with the Clinical Science Department Chairs and Administrators.

Leads the development of the multi-year strategic financial framework and capital plan, and new-venture business plans, working closely with the Chief Strategy Officer and team.

Serves as a Finance Executive lead for the workflow and process design, build, test, and implementation of the enterprise resource planning systems (ERP), in cooperation with the central University.Ensures that ERP designs and functionalities meet the business imperatives and industry standards regarding accounting, financial planning and analysis, and long-range capital structures of a large and diverse clinical enterprise.

Serves as a strategic partner for the long-range planning of Michigan Medicine and the Medical School.

Maintains advanced knowledge of health care and financial management policies, trends, economics, and strategies.

Responsible for the financial planning and analysis operations of Michigan Medicine's clinical enterprises, including annual operating and capital budgeting, long-term financial and capital frameworks, business planning for new ventures, multivariate quantitative predictive modeling for existing and new operations, and other ad hoc analyses as necessary.

Responsible for the reimbursement operations of Michigan Medicine's clinical enterprises.Oversees the revenue recognition process, reimbursements tied to Medicare and Medicaid, and graduate medical education (GME) related payments and supplemental reimbursements.

Responsible for the financial systems operations of Michigan Medicine's clinical operations. Oversees the development and maintenance of business applications, budgeting systems, and reporting tools. Coordinates finance functions within the ERP. Manages the Vizient database for external performance benchmarking.

Responsible for the real estate, leasing, and brokerage services of Michigan Medicine's clinical enterprises. Oversees real estate purchases and sales, and lease negotiations and management.

Team Building

The direct reports to the CFS are:

Senior Director of Accounting

Senior Director of Financial Planning and Analysis

Senior Director of Reimbursement

Senior Director of Finance, Applications and Systems

Director of Real Estate and Leasing

The CFS creates a work environment that has:

a sustainable pace with elevated levels of quality,

humility and mutual respect,

cooperation and cross-functionality,

creativity and innovation,

accountability,

mission-based thinking.

The CFS professionally develops staff with clear avenues of career advancement.

The CFO evaluates the overall composition of the team and continually refines assignments and partnerships as changes in the organizational and technical landscapes dictate.

Professional Development

Participates in performance planning, competency, and individual development activities.

Develops and participates in mentoring programs for staff.

Models the Michigan Medicine values.

Builds collaborative relationships and promotes a culture of teamwork, service, and excellence.

Required Qualifications*

Bachelor's degree from an accredited institution in Accounting, Finance, Financial Systems, or a related field.

5 years of experience in senior management roles.

15 years of experience in financial analytics, data management, health care, and finance-related technology.

High-level knowledge of accounting and finance principles.

Experience with operating and capital budgeting, long-range financial planning, and business plan pro forma development.

Experience with large-scale financial system implementations.

Demonstrates relationship building, mentoring, coaching, collaborating, and team building.

Organizational skills with an ability to manage competing demands.

A technical background enabling the provision of credible leadership and evaluation of complex project risks and issues.

Desired Qualifications*

Graduate-level degree in Business, Informatics, Quantitative Analysis, Accounting, Finance, Information Systems, or a related field.

Excellent oral and written communication skills and experience interacting with both finance and information technology individuals at all levels, including executives.

Success in building collaborative relationships focused on high performance and successful outcomes.

Creativity in problem-solving focused on details while achieving the big-picture objective.

Why Join Michigan Medicine?

Michigan Medicine is one of the largest health care complexes in the world and has been the site of many groundbreaking medical and technological advancements since the opening of the U-M Medical School in 1850. Michigan Medicine is comprised of over 30,000employees and our vision is to attract, inspire, and develop outstanding people in medicine, sciences, and healthcare to become one of the world?s most distinguished academic health systems. In some way, great or small, every person here helps to advance this world-class institution. Work at Michigan Medicine and become a victor for the greater good.

What Benefits can you Look Forward to?

• Excellent medical, dental and vision coverage effective on your very first day
• 2:1 Match on retirement savings

Modes of Work

Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time and for any reason throughout the course of employment. Learn more about the work modes .

Michigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings. Background screenings are performed in compliance with the Fair Credit Report Act. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.

Application Deadline

Job openings are posted for a minimum of seven calendar days.The review and selection process maybegin as early as the eighth day after posting.Thisopening may be removed from posting boards and filled any time after the minimum posting period has ended.

U-M EEO Statement

The University of Michigan is an Equal Opportunity Employer. We are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants, including protected veterans and individuals with disabilities.