Associate Dean and Chief Financial Officer

Stanford Medicine is comprised of three organizations: Stanford School of Medicine, Stanford Health Care, and Stanford Children’s Health | Lucile Packard Children’s Hospital Stanford. A leader in the biomedical revolution, Stanford Medicine is ushering in the era of Precision Health, which reimagines medicine to focus on predicting, preventing, and curing disease precisely. Marrying two seemingly different approaches – high-tech and high-touch – the Stanford Medicine vision tailors health care to the unique biology and life circumstances of each individual, with an emphasis on catching disease before it strikes. Precision Health represents a fundamental shift to more proactive and personalized care that empowers people to lead healthy lives.

Stanford Medicine’s Integrated Strategic Plan is central to achieving the Precision Health vision by supporting integration and alignment across Stanford Medicine as it builds and leverages strengths in fundamental research, the new field of biomedical data science, and transformative biomedical platforms. The plan identifies ways to apply advances in these areas throughout the hospitals and health care delivery systems within Stanford Health Care and Stanford Children's Health | Lucile Packard Children’s Hospital Stanford. Stanford Medicine’s many transformative advances across research, education, and patient care build upon the organization’s legacy of innovation and long tradition of leadership in pioneering research, creative teaching protocols and effective clinical therapies.

Stanford School of Medicine is a research-intensive medical school that promotes diversity and empowers future leaders with the skills they need to be adaptable and resourceful. Under the leadership of Dean Lloyd Minor, MD, more than 2800 faculty members and 4000 staff deliver on the core mission of health care, research, and education. Dr. Minor describes how Stanford Medicine is transforming health care in his book, Discovering Precision Health. The School of Medicine’s close proximity to the resources of the university — including the Schools of Business, Law, Humanities and Sciences, and Engineering, its seamless relationship with the affiliated adult and children’s hospitals, and its ongoing associations with the entrepreneurial endeavors of Silicon Valley, make it uniquely positioned to accelerate the pace at which new knowledge is translated into tangible health benefits.

The School has a budget of over $3.1 billion, including $800 million in Sponsored Research and nearly $1.5 billion in Healthcare Services revenues. The School’s research enterprise has experienced solid growth over the past ten years with a Compound Annual Growth Rate (CAGR) of 4%. Similarly, the clinical enterprise has grown exponentially at a CAGR of 11% over the same time period.

Stanford School of Medicine researchers have garnered a substantial portion of the National Institutes of Health Director’s Pioneer Awards, New Innovator Awards and Transformative Research Awards. There have been eight Nobel Prize winners over the past six decades, and among its current faculty members are:

• 7 current faculty with Nobel laureates
• 47 members of the National Academy of Sciences
• 54 members of the National Academy of Medicine
• 9 members of the National Academy of Engineering (Bioengineering)
• 5 MacArthur Foundation “geniuses”
• 12 Howard Hughes Medical Institute investigators
• 28 NIH Innovator and Young Innovator Awards

POSITION SUMMARY
The Associate Dean and Chief Financial Officer for the School of Medicine (SoM) will lead and manage all financial and management accounting activities and serve as a strategic partner with school, university and hospital leadership to visualize and develop financial strategy, policy, systems, and programs.

KEY RESPONSIBILITIES
The Associate Dean and Chief Financial Officer, School of Medicine will:

• Oversee the School of Medicine’s financial affairs, including controls and management reporting. Oversee the consolidated budget, capital plan, annual capital budget, fund application, expenditures, and compliance; management and allocation of reserves and use of the school's endowment; development of models for new algorithms for the operating budget and for negotiation with the Dean, Department Chairs and Stanford hospitals’ leaders, including Stanford Health Care (SHC) and Stanford Children’s Health | Lucile Packard Children’s Hospital Stanford (SCH/LPCHS).
• Serve as senior adviser to the Dean on all fiscal matters, as well as mission and program development. Collaborate as a member of the Dean’s senior staff leadership team alongside the Associate Dean, Chief Operating Officer; Associate Dean for HR, Facilities, Planning and Management; and Senior Associate Dean, Chief Strategy Officer.
• Develop and negotiate inter-entity agreements. Responsible for all SoM contractual relationships outside the university, such as agreements with partner hospitals including the VA Palo Alto Health Care System, Santa Clara Valley Medical Center and El Camino Health.
• Develop, interpret, document, and implement financial and internal control policies, procedures and processes for finance, accounting, budgeting, financial/accounting systems, internal controls, and auditing for the school.
• Direct staff, including the department Directors of Finance and Administration (DFA) in partnership with Department Chairs. Develop those in leadership positions and in the leadership pipeline, make hiring decisions, provide coaching and mentoring, manage performance, determine staffing needs, develop and ensure succession planning within area of responsibility.
• Collaborate with university and hospital senior leaders in finance and administration to identify and resolve strategic issues, and formulate, review and/or amend policies.
• Ensure proper recording of SoM assets, liabilities, funds, revenues, and expenses in compliance with GAAP, applicable laws, regulations, university policies and donor requirements. Ensure that financial processes and practices are consistent and in consultation with the university’s CFO/business affairs and budget offices.
• Evaluate economic and social forces and government influences; interpret their effects upon the organization’s financial performance. Partner with external regulatory agencies on issues of mutual interest.

PROFESSIONAL EXPERIENCE/QUALIFICATIONS
The successful candidate will have broad and deep knowledge of schools of higher education, and preferably at least 10 years of experience in medical or other professional-level education programs, medical education innovation, healthcare management, quality improvement, or executive consulting. They will have a broad and deep knowledge of schools of medicine, and an ability to manage complex, multi-dimensional, multi-entity endeavors related to health education.

The ideal candidate for the CFO role will possess the following background, experience, and skills:

• A minimum of 10 years of progressively responsible experience in finance and leadership roles or combination of education and relevant experience.
• Demonstrated ability to apply financial and analytical skills based on a firm understanding of the mission, strategy and operating principles of the university and school.
• Broad subject matter expertise in all aspects of CFO-type responsibilities including financial, project management and controls.
• Strong interpersonal skills with a demonstrated ability to work and interact effectively with a diversity of individuals representing a broad range of skills and experiences, and the ability to build coalitions and inter-functional teams to leverage synergistic relationships.
• Proven strategic and innovative thinker who plans and makes decisions within the framework of the school/unit and university’s strategic intent.
• Skill in examining and re-engineering operations and procedures, formulating policy, and developing and implementing new strategies and procedures.
• Successful experience with organizational development and staff development, and a proven ability to create and manage change.
• Ability to identify opportunities for the development and implementation of innovative solutions; a champion of innovation and change.
• Advanced oral and written communication skills. Able to present information clearly and effectively to internal and external audiences, client groups and all levels of management and serve as an advisor to senior and university leadership.
• Previous experience in strategic management and leading large multi-functional teams including financial teams.
• Strong leadership and strategic management skills; experience partnering at the senior level across an organization.
• Inclusive management style, with the ability to foster partnerships, build relationships, work collaboratively across boundaries, and achieve performance and results through others towards clearly established goals.
• Ability to build consensus and synergy across multiple entities.
• Excellent executive presence with the ability to inspire and motivate.
• Positive, can-do attitude. The ultimate team player who leads by example. High energy; flexible and patient; humble; approachable and creative.
• Highly ethical; impeccable personal and professional integrity. Demonstrates integrity and honesty in decision making and in relationships.

EDUCATION REQUIREMENTS

• Master’s degree in business, finance, economics, or related field required.

PHYSICAL REQUIREMENTS*:

• Constantly perform desk-based computer tasks.
• Frequently sitting.
• Occasionally stand/walk, reach/work above shoulders, use a telephone, writing by hand, lift/carry/push/pull objects that weigh up to 10 pounds;
• Rarely twist/bend/stoop/squat, sort/file paperwork or parts, lift/carry/push/pull objects that weigh 11-20 pounds.

* Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of the job.

WORK STANDARDS:

• Interpersonal Skills: Demonstrates the ability to work well with Stanford colleagues and clients and with external organizations.
• Promote Culture of Safety: Demonstrates commitment to personal responsibility and value for safety; communicates safety concerns; uses and promotes safe behaviors based on training and lessons learned.
• Subject to and expected to comply with all applicable University policies and procedures, including but not limited to the personnel policies and other policies found in the University's Administrative Guide, http://adminguide.stanford.edu .

The job duties listed are typical examples of work performed by positions in this job classification and are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Specific duties and responsibilities may vary depending on department or program needs without changing the general nature and scope of the job or level of responsibility. Employees may also perform other duties as assigned.

Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.

Stanford is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law.