Vice President of Finance and Chief Financial Officer

Location
Idaho, United States
Salary
Salary Commensurate with experience
Posted
Feb 24, 2021
Employment Level
Executive
Employment Type
Full Time

Idaho College of Osteopathic Medicine seeks a Vice President of Finance and Chief Financial Officer
Location: Meridian, ID
Click here to view position profile: https://summitsearchsolutions.com/wp-content/uploads/2021/02/ICOM_VPF_CFO_Profile.pdf 

The Position:
The Vice President of Finance and Chief Financial Officer (VP Finance/CFO) reports directly to the President/CEO and provides leadership and direction for ICOM’s financial strategy along with strong management of its business operations. The VP Finance/CFO will bring an alert and entrepreneurial approach to the work of the ICOM leadership team, providing timely data on key performance indicators for current operations and decision support as new programs and collaborations are explored and developed. Responsibilities include but are not limited to: budget preparation and management, financial reporting, long-term financial planning, decision support for the ICOM leadership team, accounts payable and receivables management, bursar operations, banking relations, investor relations, and investment management. Because significant IT expenditures are an essential feature of graduate medical education, the ability to inform and support decisions about both administrative and instructional IT is essential. The VP Finance/CFO performs additional duties as assigned by the President/CEO. The VP Finance/CFO will supervise the Controller, Bursar, and the Department’s Administrative Assistant. 

Responsibilities:

  • Works with the President/CEO, Dean/CAO, and other senior leaders and officers to establish the strategic direction and priorities of the College and to effectively execute key components of the strategic plan.
  • Assists the President and Dean in the preparation and presentation of the annual budget and 3-year financial plan.
  • Promotes the financial well-being of the College by effectively managing and monitoring financial and operational performance compared to board-approved plans, managing investments, and developing ways and means to protect the College’s other physical assets.
  • Prepares monthly, quarterly, and other financial reports as needed to keep College administrators, board members, and the investor community fully apprised of the School’s financial performance and condition.
  • Facilitates an effective working relationship with ICOM leaders by maintaining open channels of communication and facilitating a timely and responsible exchange of information on financial matters as needed.
  • Develops programs, plans, policies, and procedures to ensure compliance with all applicable agencies and standards that relate to the Department of Finance.
  • In consultation with the President and Board Budget and Audit Committee, the VP Finance/CFO directs and oversees the annual audit and takes timely action to address auditor recommendations as needed. 

Qualifications:

  • Bachelor’s degree in accounting and/or finance required; MBA and/or CPA preferred.
  • Extensive financial, GAAP accounting, and budget management knowledge and experience required.
  • Must have at least three (3) years of financial leadership & management experience in an institution of higher education and/or healthcare setting, as required by the Commission on Osteopathic College Accreditation (COCA). 

Key Competencies:

  • Demonstrated knowledge and skills in GAAP accounting and strategic financial management in the higher education and/or healthcare field.
  • Collaborative leadership and the ability to direct and oversee the work of other finance/accounting personnel.
  • Executive-level problem-solving skills including the ability to organize and manage complex functions.
  • Strong strategic and conceptual skills commensurate with expectations of a senior administrative officer.
  • Sophisticated IT knowledge and skills including the effective use of financial management software.
  • Strong interpersonal skills with the ability to work with cross-functional teams.
  • Well-developed oral and written communication skills.
  • Evidence of personal integrity and trustworthiness commensurate with the expectations of a VP Finance/CFO. 

About the Institution:
The Idaho College of Osteopathic Medicine (ICOM) was created in 2016 to address the acute and growing shortage of physicians in Idaho and the rural Mountain West. Before ICOM was established, Idaho was the most populous state without a medical school. A proprietary college, the College is the product of an innovative collaboration between private investors and Idaho State University (ISU). The College’s Board of Trustees brings to the leadership of the College a unique combination of financial/management acumen, commitment to meeting the health care needs of the Mountain West region, and leadership experience in higher education. ICOM is located on the Meridian regional campus of Idaho State and partners with ISU’s programs in the health sciences. ICOM has attracted a well-qualified faculty and student body and it provides the rich array of resources and services that are necessary to effectively train physicians for 21st Century medicine. 

The Class of 2024 is composed of graduates from 93 U.S. colleges and universities, with above-average composite medical board (MCAT) scores and highly competitive undergraduate grade point averages. Students originate from 33 states with approximately one-third coming from Idaho and the ICOM target 5-state region including Montana, North Dakota, South Dakota, and Wyoming. When combined with the Class of 2022 and the Class of 2023, the student body totals 486. View the strategic plan: https://www.idahocom.org/about/strategic-plan/ 

The College’s educational GOALS focus on positioning ICOM to be the nation’s leader in training caring and expert osteopathic physicians. They include:

  1. Educate osteopathic medical students in the art and science of osteopathic medicine using the most current research in clinical and biomedical sciences.
  2. Recruit and graduate osteopathic medical students who are committed to serving in areas throughout Idaho, the region, and beyond.
  3. Provide osteopathic clinical service.
  4. Develop postgraduate training programs in collaboration with other institutions.
  5. Contribute to the fund of osteopathic medical knowledge through educational, scientific, and clinical research and other scholarly activity.
  6. Prepare osteopathic medical students for achievement in successful graduation, COMLEX-USA licensure exams, and graduate medical education placement. 

In December 2017, COCA granted ICOM pre-accreditation status and authorized the recruitment of an initial class of 162 students. ICOM’s leadership and Board of Trustees are focused on providing these and subsequent students with a high-quality academic and clinical clerkship experience and facilitating their placement into ACGME-accredited post-graduate training/residency programs.  

To Apply:
Confidential review of applications will begin immediately and continue until the position is filled; parties who apply by April 18, 2021 will be given first consideration. Please submit your resume and cover letter outlining your interest in and suitability for this position. To apply online, go to https://www.theapplicantmanager.com/jobs?pos=su233. 

For more information or to offer recommendations or nominations:
Stephanie Rivas-Fowler
Senior Consultant
Summit Search Solutions, Inc.
Direct: 530-677-9945
sfowler@summitsearchsolutions.com 

Idaho College of Osteopathic Medicine does not discriminate on the basis of race, sex, color, religion, age, national origin, marital status, disability, veteran status, genetic information, sexual orientation, gender identity or any other reason prohibited by law in provision of employment opportunities and benefits.