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Deputy Chief Financial Officer

Company Description

The University Health Network, where “above all else the needs of patients come first”, encompasses Toronto General Hospital, Toronto Western Hospital, Princess Margaret Cancer Centre, Toronto Rehabilitation Institute, West Park Healthcare Centre and the Michener Institute of Education. The breadth of research, the complexity of the cases treated, and the magnitude of its educational enterprise has made UHN a national and international resource for patient care, research and education. With a long tradition of ground breaking firsts and a purpose of “Transforming lives and communities through excellence in care, discovery and learning”, the University Health Network (UHN), Canada’s largest research teaching hospital, brings together over 19,000 employees, more than 1,250 physicians, 8,000+ students, and many volunteers. UHN is a caring, creative place where amazing people are amazing the world.  

Job Description

Union: Non-Union
Site: 700 University Avenue- Hydro Building
Department: Finance
Reports to:  Chief Financial Officer (CFO)
Work Model: Hybrid
Salary: To commensurate with experience and consistent with UHN compensation policy
Status: Permanent, Full-Time
Closing Date: January 14, 2025

Position Summary

Are you a seasoned financial leader ready to shape the future of healthcare? University Health Network (UHN), Canada’s #1 hospital, is seeking a visionary Deputy Chief Financial Officer (DCFO) to drive financial excellence and innovation. Reporting to the Executive Vice President & Chief Financial Officer, the DCFO will oversee financial management, reporting, and service delivery across a world-class organization that integrates patient care, education, and research. The DCFO leads a team of more than 100 professionals, ensuring optimal resource utilization, regulatory compliance, and alignment with UHN’s mission of transforming lives and communities through excellence in care, discovery, and learning.

Qualifications

The DCFO plays a pivotal role in driving financial strategy and providing strategic insights on hospital finances, asset management and organizational performance. The DCFO works collaboratively with hospital, education and research partners to oversee a diverse financial and investment portfolio including treasury, capital finance, planning & analysis, reporting, audit, procurement, supply chain, payables, revenue, account management and business innovation. The DCFO supports the Executive Vice President and CFO with managing the financial health & performance of the organization including the execution of the annual and multi-year budget and performance cycles, ensuring overall financial integrity and corporate sustainability. Driving a culture of excellence and continuous improvement resulting in ongoing enhancements to administrative, technological and operational processes is a key aspect of the role requiring a sound awareness of evolving digital technologies and business skill sets. A solid understanding of financial risk, regulatory and compliance management and the governance responsibilities of a Board of Trustees (and their information requirements) is important. With a minimum of 10 years of financial leadership experience in a large and complex multi-site environment, a Chartered Professional Accountant (CPA, CA) designation, and a proven track record of team leadership and fiscal innovation, the ideal candidate will bring exceptional analytical, communication, and problem-solving skills to this impactful role. Join UHN and contribute to advancing healthcare for patients and communities across Canada and beyond, and fulfilling our mission of A Healthier World.

Additional Information

Why join UHN?

  • In addition to working alongside a diverse team of some of the most talented and inspiring healthcare professionals in the world, UHN offers a wide range of benefits, programs and perks. Eligibility to participate in a generous HOOPP Pension plan (https://hoopp.com/)
  • Close access to Transit and UHN shuttle service
  • A flexible work environment
  • Opportunities for development and promotions within a large organization
  • Additional perks (multiple corporate discounts including: travel, restaurants, parking, phone plans, auto insurance discounts, on-site gyms, etc.)

Current UHN employees must have successfully completed their probationary period, have a good employee record along with satisfactory attendance in accordance with UHN's attendance management program, to be eligible for consideration.

UHN is a respectful, caring, and inclusive workplace. We are committed to championing accessibility, diversity and equal opportunity. Requests for accommodation can be made at any stage of the recruitment process. Applicants need to make their requirements known in advance.  Any information received related to an accommodation will be addressed confidentially.

University Health Network thanks all applicants, however, only those selected for an interview will be contacted.

All applications must be submitted before the posting close date.

UHN uses email to communicate with selected candidates.  Please ensure you check your email regularly.

Please be advised that a Criminal Record Check may be required of the successful candidate. Should it be determined that any information provided by a candidate be misleading, inaccurate or incorrect, UHN reserves the right to discontinue with the consideration of their application.

UHN is an equal opportunity employer committed to an inclusive recruitment process and workplace. Requests for accommodation can be made at any stage of the recruitment process. Applicants need to make their requirements known.

We thank all applicants for their interest, however, only those selected for further consideration will be contacted.

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What You Should Know About Deputy Chief Financial Officer , University Health Network

Are you ready to make a significant impact in the healthcare sector? The University Health Network (UHN) in Toronto is on the lookout for a dynamic Deputy Chief Financial Officer (DCFO) to join their extraordinary team. This role is not just about numbers; it’s about driving financial excellence and innovation that will shape the future of patient care. As the DCFO, you'll be reporting to the Executive Vice President & Chief Financial Officer and leading a talented team of over 100 finance professionals across a leading healthcare organization. Your responsibilities will include optimizing resource utilization, ensuring regulatory compliance, and aligning financial strategies with UHN’s mission to transform lives through exceptional care, discovery, and learning. With your extensive experience—at least 10 years in financial leadership within a complex environment—and your Chartered Professional Accountant (CPA, CA) designation, you’ll play a crucial role in managing the organization’s financial health and performance. Your insights will be vital for hospital finances and investment portfolios which encompass everything from treasury to procurement. UHN values continuous improvement and you’ll be pivotal in fostering a culture of excellence that embraces technology and innovative business practices. Besides doing meaningful work, you’ll enjoy a flexible work environment, a strong pension plan, and numerous perks designed to enrich your career and life. If you’re aspiring to elevate healthcare and bring about change, joining UHN as the Deputy Chief Financial Officer could be the perfect next step in your career.

Frequently Asked Questions (FAQs) for Deputy Chief Financial Officer Role at University Health Network
What are the key responsibilities of the Deputy Chief Financial Officer at University Health Network?

As the Deputy Chief Financial Officer (DCFO) at University Health Network (UHN), your key responsibilities will include overseeing financial management, reporting, and service delivery across the organization. You will lead a team of more than 100 finance professionals and ensure optimal resource utilization. Additionally, you'll provide strategic insights on hospital finances and support the preparation and execution of the annual and multi-year budgets.

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What qualifications are needed for the Deputy Chief Financial Officer position at University Health Network?

To qualify for the Deputy Chief Financial Officer position at UHN, candidates should possess a minimum of 10 years of financial leadership experience in a large, complex environment. A Chartered Professional Accountant (CPA, CA) designation is essential. Candidates should also bring exceptional analytical, communication, and problem-solving skills, along with a proven track record in team leadership and fiscal innovation.

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How does the Deputy Chief Financial Officer contribute to UHN's mission?

The Deputy Chief Financial Officer at UHN plays a pivotal role in fulfilling the organization's mission of transforming lives and communities through excellence in care, discovery, and learning. The DCFO will collaborate with hospital, education, and research partners to ensure financial integrity and sustainability, thereby contributing to UHN's overall performance in delivering exceptional healthcare services.

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What is the work model for the Deputy Chief Financial Officer position at UHN?

The work model for the Deputy Chief Financial Officer position at the University Health Network is hybrid, allowing for flexibility between remote and in-office work settings. This offers an excellent balance to manage professional responsibilities while supporting a healthy work-life integration.

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What benefits are offered to the Deputy Chief Financial Officer at University Health Network?

UHN offers an extensive range of benefits for the Deputy Chief Financial Officer, including eligibility for a generous HOOPP Pension plan, convenient access to transit, a flexible work environment, and various corporate discounts on services such as travel and insurance. Additionally, there are ample opportunities for professional development and career advancement within the organization.

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Common Interview Questions for Deputy Chief Financial Officer
Can you describe your experience managing financial strategies in a healthcare organization?

In discussing your experience managing financial strategies in a healthcare organization, focus on specific projects you've led that improved financial performance or compliance. Highlight any innovative solutions you implemented and the measurable outcomes that resulted from your actions.

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What are the key financial indicators you monitor to evaluate organizational performance?

When answering this question, emphasize the key financial indicators you consider most critical, such as operating margins, liquidity ratios, and revenue cycles. Explain how each of these indicators informs your decision-making and supports organizational goals.

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How do you ensure compliance with financial regulations in your previous roles?

To demonstrate your understanding of compliance, share specific tools and processes you've implemented, such as regular audits and staff training programs. Discuss how you ensure that everyone involved in financial processes understands their regulatory responsibilities.

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Can you provide an example of how you've driven financial innovation in your past roles?

In your response, use a specific example to showcase your ability to drive financial innovation, whether through technology integration or process improvement. Detail the challenge, your strategic approach, and the positive impact it had on the organization.

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How do you approach budgeting within a multi-site organization?

For this question, outline your method for creating cohesive budgets across multiple sites, emphasizing communication and collaboration with each site's leadership. Explain how you balance the needs of various departments while ensuring alignment with the overall strategic goals.

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What role does financial data analysis play in your decision-making?

When discussing financial data analysis, stress its importance in informing your decisions. Explain how you leverage data to identify trends, forecast outcomes, and support business cases, ensuring that each decision aligns with the organization’s mission.

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How do you prioritize tasks and manage resources effectively in a financial team?

Describe your strategy for task prioritization, such as using project management tools or setting clear objectives. Share how you ensure that your team is aligned and focused on high-impact activities while also fostering a collaborative environment.

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What skills do you think are essential for a Deputy Chief Financial Officer?

In answering this question, discuss skills such as strategic thinking, leadership, financial acumen, and communication. Provide examples of how you've demonstrated these skills in your previous roles to achieve organizational objectives.

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How do you handle financial discrepancies and conflicts within your team?

Share your approach to resolving discrepancies, emphasizing the importance of open communication and collaboration among team members. Discuss the steps you take to investigate, address the conflict constructively, and implement solutions to prevent future issues.

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Why do you want to work as the Deputy Chief Financial Officer at University Health Network?

When explaining why you want to work at UHN, connect your personal values with the organization’s mission. Share your passion for making a difference in healthcare and how you believe your expertise can contribute to UHN’s goals.

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Our Vision Achieving Global Impact Our Mission Exemplary patient care, research and education Our Purpose We are a caring, creative and accountable academic hospital, transforming health care for our patients, our community and the world.

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Full-time, hybrid
DATE POSTED
December 26, 2024

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