Chief Financial Officer (CFO)
About Howard University Hospital
Howard University Hospital (HUH) stands as a beacon of healthcare excellence, blending a rich legacy with cutting-edge innovation. We are committed to delivering compassionate, patient-centered care while fostering an environment of learning and professional growth. Join us in shaping the future of healthcare through collaboration, integrity, and excellence.
Culture of Care
Howard University Hospital supports a Just Culture that promotes accountability and learning. We encourage the identification of human error, at-risk behavior, and reckless behavior to maintain safe systems and well-managed behavioral choices. Our goal is to create an environment that prioritizes patient safety and continuous improvement.
Position Summary
The Chief Financial Officer (CFO) is a senior executive leader responsible for the financial strategy, fiscal integrity, and long-term financial sustainability of the healthcare organization. The CFO oversees all financial operations, including budgeting, reimbursement, revenue cycle, accounting, and financial reporting, while ensuring compliance with healthcare regulations and payer requirements. This role serves as a strategic advisor to the CEO, Board of Directors, and executive leadership team, supporting high-quality patient care through sound financial stewardship.
Key Responsibilities
- Provide strategic financial leadership and serve as a key advisor to the CEO and Board of Directors.
- Lead development of annual operating and capital budgets, long-range financial plans, and forecasts.
- Oversee financial performance monitoring, variance analysis, and service line profitability.
- Direct revenue cycle operations, reimbursement strategy, and payer contract negotiations.
- Ensure accuracy and integrity of financial reporting in compliance with GAAP and healthcare regulations.
- Oversee Medicare, Medicaid, and other regulatory cost reporting and external audits.
- Manage cash flow, liquidity, debt, investments, and capital financing strategies.
- Drive cost containment, financial process improvements, and operational efficiencies.
- Provide executive oversight of financial systems, analytics, and reporting tools.
- Lead, develop, and mentor finance, accounting, and revenue cycle teams.
- Perform additional duties as assigned.
Required Qualifications
Education:
- Bachelor’s degree in Finance, Accounting, Business Administration, or related field required
- MBA preferred
Experience:
- Minimum 10 years of progressive financial leadership experience
- Minimum 5 years as CFO
Other Requirements:
- Extensive knowledge of healthcare reimbursement, revenue cycle operations, and regulatory compliance.
Core Competencies
- Ability to oversee and manage financial budgets and strategic planning
- Strong leadership and interpersonal skills
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint)
- Ability to work independently and manage multiple priorities
- Strong organizational and communication skills.
Working Conditions
- Primarily day shifts; evenings, nights, weekends, and holidays as needed
- Physical activity includes sitting (75%), walking (10%), and standing (15%).
Why Join Us
- Mission-Driven Organization: Be part of a hospital that combines a proud legacy with a commitment to innovation and excellence in patient care.
- Professional Growth: Access to continuing education, leadership development programs, and opportunities for advancement.
- Collaborative Culture: Work alongside dedicated professionals in a supportive, team-oriented environment.
- Comprehensive Benefits: Competitive compensation, health and wellness programs, retirement plans, and more.
- Impactful Work: Make a difference in the lives of patients and the community every day.
Benefits Summary
Howard University Hospital offers a robust benefits package, including:
- Medical, dental, and vision coverage
- Retirement savings plan with employer contributions
- Paid time off (vacation, sick leave, holidays)
- Tuition assistance and professional development programs
- Employee wellness initiatives
Equal Employment Opportunity (EEO) Statement
Howard University Hospital is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Reports To: Chief Executive Officer (CEO)
FLSA Status: Exempt
Union Status: Non-Union
Compensation: Grade EX-5 ($384,781 – $577,172.06)
Location: Washington, DC
Disclaimer
The preceding job description reflects the general nature and level of work performed. It is not intended to be an exhaustive list of all duties, responsibilities, and qualifications. The organization reserves the right to modify job duties or working hours as needed.
