The CFO-Rochester is the Strategic Finance Leader for Rochester, a member of the Rochester senior administrative team and is responsible for financial direction and oversight of the Rochester with annual revenues exceeding $6 billion dollars. The CFO-Rochester is also a member of the Finance Leadership Team and the Finance Operations Team. He/she will collaborate with physician and administration leaders throughout Mayo Clinic to identify, lead and support broad strategic institutional activities and change initiatives. He/she serves as a strategic partner, catalyst and advisor to the President and Chief Administrative Officer of Rochester, pro-actively advising on relevant internal and external environmental factors that could affect financials in the short and long-term. The CFO-Rochester actively participates and influences institution-wide planning and decision-making, leveraging their financial expertise and knowledge of best practices. The CFO-Rochester focuses on efficient and effective delivery of financial service for the Department of Finance shared services functions supporting Rochester and acts as a catalyst for change to ensure the needs of the site leaders are being met or exceeded. In addition to being a finance leader, he/she will be a true people leader, focused on developing the workforce of the future, accelerating performance through clear expectations and goal setting, and ensuring that career conversations, succession planning and development plans are embedded in the way we do our work. Direct reports may include a team of analysts that will form an Office of the CFO and support future oriented financial planning and analysis. In addition to this team of direct reports, the CFO-Rochester is accountable for indirectly overseeing administrative staff.
Some of the more specific CFO activities and responsibilities include advising site and enterprise leaders on operating and capital budgets, leading the month-end and quarter-end financial close activities, collaborating with finance service line leaders on performance and service improvements (revenue cycle, supply chain, revenue strategy and innovation, and financial and accounting services), coordinating service line activities, and advising site leadership in strategic and change oriented initiatives to effectively prepare for the future.
In addition to the CFO responsibilities, this position will be responsible for driving performance improvement within Rochester, including leading the financial assessment of the identified area for improvement, developing strategies and projections, identifying “quick wins”, establishing the go-forward operating model, implementation, governance and on-going monitoring. This position will utilize and teach process improvement techniques, such as LEAN/Six Sigma.
License or certification
Master's degree in business or healthcare administration is required. CPA preferred. Demonstrated strategic thinking, keen judgment and planning skills; recognized commitment to and skill in working in and developing teams; demonstrated ability to achieve results and to develop people; sound fiscal judgment. Minimum of ten years of finance experience. Physician/Clinic experience required, hospital preferred.
Strategic Thinking Conceptual Analysis Judgment Managing People and Team Developing People Developing Relationships Action and Flexibility Organization Business Focus JOB Basic knowledge of Mayo and broad knowledge of the healthcare industry. Evidence of ability to provide vision, leadership and teambuilding. Evidence of strong analytical ability, solid judgment, capacity to think strategically and multi-dimensionally. Ability to articulate the dynamic requirements of a successful finance organization and advocate accordingly. Ability to appreciate the clinical operational nature of the Mayo practice (versus a solely financial perspective). Educator, communicator and relationship builder. High integrity as evidenced by broad valuing of all people and groups. Customer service oriented. Strong interpersonal skills, self-confidence and high energy level. Demonstrated ability to manage within a matrix, physician led, committee oriented environment. Must be strong at leading without controlling and able to build consensus with colleagues not under their direction. Strong verbal and written communication skills required. Must welcome feedback and be accessible to customers.
Mayo Clinic is located in the heart of downtown Rochester, Minnesota, a vibrant, friendly city that provides a highly livable environment for more than 34,000 Mayo staff and students. The city is consistently ranked among the best places to live in the United States because of its affordable cost of living, healthy lifestyle, excellent school systems and exceptionally high quality of life.
Equal opportunity employer
Mayo Clinic is an equal opportunity educator and employer (including veterans and persons with disabilities).