Healthcare Chief Financial Officer Job Description Template

A healthcare chief financial officer (CFO) is responsible for overseeing the financial operations within a healthcare organization. As part of the senior leadership team, this individual participates in strategic planning, accounting, and coordination of funds.If your organization is hiring a CFO, a well-crafted chief financial officer job description is essential.

Take a look at other healthcare job postings to get more ideas about the state of the healthcare job market and how these positions are being advertised. When you’ve received a critical mass of applications for the role, you can narrow down your field of candidates with targeted interview questions. But you can start the process with the following job description template which is designed to help you attract top candidates for your healthcare CFO position.

Chief Financial Officer

Tips: Hiring managers benefit from having a healthcare hiring toolbox with resources like interview guides and job posting templates. Unlike templates for registered nurses, hiring tools for healthcare executives should have less of a clinical focus and more emphasis on running a business.

Begin your chief financial officer job description with a brief overview of the role and a glimpse of your facility’s operations. You can give the potential candidate an idea of the company culture by sharing your organization’s mission, vision, and values. It can also be helpful to include the size of the organization and an overview of the community it serves.

Template:

Are you ready to make an impact on the community in the greater regional area? We’re seeking an experienced chief financial officer (CFO) to join the team at University Medical Center. Together we strive to create a positive work environment that puts patients first and outcomes at the center of everything we do.

Our healthcare organization consists of three hospitals, seven satellite locations, and a growing telehealth service throughout the state. Join our team as we create a healthier tomorrow based on our core values of teamwork, respect, compassion, and continuous improvement.

Benefits

Tips: Dedicate a section of the healthcare CFO job description to cover the benefits of employment at your organization. What makes your company the best place for an individual to share their expertise? Explain the benefits a CFO receives in exchange for committing to full-time employment.

Template:

• 401(k)
• Generous PTO and 9 paid holidays
• Employee stock options
• Health, vision, and dental insurance
• Life insurance
• Paid parental leave
• Professional development assistance

Duties and Responsibilities

Tips: A healthcare CFO’s responsibilities may vary depending on the size and structure of an organization. As a result, external candidates may have different expectations based on their own experiences.

Collaborate with the executive leadership team to define the unique roles and responsibilities required for this position. By providing clear expectations in the chief financial officer job description, candidates can be sure they’re ready to apply.

Template:

• Maintains hospital accounting, including record-keeping and auditing of financial statements
• Provides financial advice to service line healthcare administrators
• Reports to the CEO as a member of the executive leadership team
• Participates in strategic planning of financial management
• Responsible for financial reporting to the appropriate institutions
• Prepares financial forecasts and cash flow projections
• Develops tax strategies for all healthcare facilities within the organization

Compensation and Schedule

Tips: Explain the expectations for schedule and compensation in this part of the healthcare CFO job description. Describe the work environment, and whether there are remote or hybrid options. Be sure to include incentives such as relocation assistance or sign-on bonuses that could draw candidates beyond your typical candidate pool.

Template:

• 40 hours per week Monday-Friday
• Hybrid work setting (3 days in the office required)
• Starting salary of $140,000 with adjustments based on experience
• Relocation assistance available

Qualifications and Skills

Tips: Describe the background requirements for a healthcare CFO at your organization. What are the unique CFO qualifications and skills necessary to be successful in the role? Specify the preferred experience, education, and leadership qualities necessary to join the executive team.

Template:

• Bachelor’s in Accounting, Finance, or related degree required, MBA preferred
• CPA required
• 10+ years of experience in healthcare financial leadership
• Demonstrated leadership and people management abilities
• Strategic vision in healthcare business and finance
• Expertise in accounting, finance, and healthcare operations
• Proven ability to meet deadlines and achieve desired outcomes in a fast-paced healthcare environment
• Excellent communication, analytical, and critical thinking skills
• Track record of achieving goals through presentation to key stakeholders

Call to Action

Tips: Now that a candidate is interested in the position, encourage them to take action and apply. Include a link to begin the application process, where you should also provide instructions and an expectation of how long it will take to complete. Keep in mind that job seekers are less likely to complete the application if the process is too lengthy — 70% of job seekers expect the process to be five steps or less. Keep it straightforward so you don’t lose qualified candidates due to a complicated application process.

Template:

Are you being called to lead? Explore more about this opportunity and life as a healthcare executive at University Medical Center. Together we’re changing lives — find out how you can help to lead our efforts by completing our quick, three-step application process today.

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Writing a targeted and search-optimized chief financial officer job description is a great first step, but to build the strongest team, you need to reach the right candidates. IntelyCare’s industry-leading job board can connect you with a nationwide network of skilled healthcare professionals today.