Minnesota Job Bank

Chief Financial Officer
LifeSource
Minneapolis, MN
Full-time

Posted 5/17/2023

Organization Overview:

LifeSource in Minneapolis, Minnesota, is seeking a healthcare leader to serve as its next Chief Financial Officer. This is an opportunity to strategically lead the financial operations of a dynamic and growing healthcare organization with an extraordinary mission, a dedicated and collaborative workforce, and a strong reputation in the community and beyond. Established in 1989, LifeSource is one of 56 organ procurement organizations (OPO) in the United States. This non-profit organization is dedicated to saving lives through organ, eye, and tissue donation in partnership with hospitals, transplant centers, and tissue and eye processors. LifeSource serves more than seven million people across Minnesota, North Dakota, South Dakota, and portions of western Wisconsin, representing the second largest OPO geographical region. LifeSource facilitates organ, eye, and tissue donation by working in partnership with hospitals, supporting families, honoring donors’ decisions, and educating the community about the impact of donation. LifeSource’s success is dependent on a trusted network of partnerships and community participation. Its team works with nearly 300 hospitals and nine transplant centers—as well as medical examiners, coroners and funeral directors and drive’s license offices—in the three-state service area to ensure every donor and family that wants to donate one’s organs, eyes and tissues has the opportunity to do so.

• Mission: LifeSource saves lives and offers hope and healing through excellence in organ, eye, and tissue donation.
• Vision: Everyone shares the gift of life.
• Values: Respect. Accountability. Advocacy. Life. Innovation. LifeSource is relentlessly pursuing a day where everyone in need of a life-saving organ transplant gets one. Scientific advancements, strong partnerships and a “test, learn, and adjust” mentality will lead the way.

The Opportunity:

LifeSource is seeking an experienced leader to serve as its next Chief Financial Officer (CFO), reporting to the Chief Executive Officer. This is an opportunity to lead transformational change in an organization with an extraordinary mission. This dedicated and collaborative leader must value the importance of financial stewardship and be ready to leverage a strong financial model to support mission achievement in a rapidly evolving industry. This includes a commitment to achieving LifeSource’s established goals:

• Save 1,000 lives through organ donation and transplantation in 2027, an increase of 57% over any prior year to date.
• Ensure LifeSource’s workforce reflects the increasing racial and cultural diversity of the community served by 2025.
• Advocate to achieve equity in donation for communities of color and underserved communities.

The CFO is responsible for oversight of financial operations, information services, and data systems and departments, including directors, managers and staff along with associated processes, tools and systems. This leader will provide oversight of the CMS cost reporting process, applying knowledge gained into the annual budgeting and financial management of the organization. This leader will plan and execute programs and initiatives aimed at financial health, stability, cost effective, ethical administrative business practices and business partnerships. Equally important is an active listener who values and appreciates ideas and viewpoints of others, fosters an environment of equity, diversity, and inclusion, and is inspirational and empowering of others. As a member of the executive leadership team, the CFO will guide senior leadership in financial decision-making, direct business relationships and contracts, oversee regulatory and accrediting agency standards.

Qualifications:

Candidates must possess the following combination of education, experience, and leadership qualifications to achieve business imperatives, as well as demonstrate competencies and a leadership style supportive of our culture.

Education and Work Experience:

• Requires a combination of education and experience equivalent to 15 years of healthcare administrative accountability or financial results responsibilities.
• Master’s degree in finance or related field desired.
• Outstanding knowledge and understanding of GAAP required.
• Requires a minimum of 10 years proven leadership with ability to motivate teams towards achievement of goals.
• Understanding of CMS cost reporting processes and requirements.
• Preferred experience engaging in strategy with equity, diversity, inclusion.
• Strong communication and interpersonal skills including effective written correspondence, active listening, presentation and professional customer service response at all levels.
• Must have a demonstrated ability to drive results to improve processes and outcomes with the use of critical thinking, analytical skills, and problem-solving capabilities.
• Demonstrated ability to build, maintain, motivate, influence, and achieve cooperation with both internal and external relationships. Handling difficult situations with poise and professionalism.
• Proven ability to establish priorities, coordinate internal and external resources, and achieve measurable results against goals.
• Excellent written and verbal communication, organizational, and interpersonal skills.
• Excellent analytical, reasoning, and problem-solving skills.
• Must be organized, detail oriented, self-directed, motivated contributor with ability to function autonomously and effectively lead, to execute reasonable and sound decision making.
• Demonstrated ability to exhibit a high degree of quality, integrity, and honor confidentiality of appropriate information including, but not limited to, personal team member data, organizational operations or work processes, donor and donor family information, contributor details, any financial information and medical or protected health information (PHI) in accordance with HIPAA.
• Proven skilled and competent in using technology-based tools such as personal computers and related software, mobile devices, and electronic medical record systems as appropriate for position.

Personal Characteristics and Leadership Skills:

• An authentic, relational person who is strong at building and maintaining effective relationships with a wide range of internal and external stakeholders.
• A leader who is a naturally warm and thoughtful person, who recognizes the deep emotional nature of this work and brings a compassionate, culture-first mindset, strong mission orientation, and exceptional interpersonal, communication, and listening skills.
• A self-assured leader with a strong sense of presence and self-confidence who has the ability to develop an informed perspective and respect the perspectives of others.
• A humble yet confident leader who is transparent, direct, and firm in setting organizational direction, and brings tempered patience and perseverance to achieve success.
• A leader with the ability to translate strategy and vision to actionable objectives while integrating equity, with a readiness and willingness to take calculated risks and initiate change to drive optimal performance and establish the organization as “best in class”.
• A “leader coach” who readily provides coaching, guidance, and support to team members, focuses on collective learning, and brings a “focused forward” mindset to the work.

For the full position description and to apply, please visit: https://npag.com/lifesource-cfo

To Apply:

More information about LifeSource may be found at: life-source.org We are partnering with the national talent consulting and search firm, NPAG. The compensation range will be provided upon request to the search team at [email protected]. Candidates may submit their cover letter, outlining their interest and qualifications, along with their resume via NPAG’s website (https://npag.com/lifesource-cfo). LifeSource is committed to creating a diverse, inclusive, and welcoming workplace with opportunities for all individuals to thrive. LifeSource is an equal opportunity employer and strongly encourages BIPOC, LGBTQIA+, veterans, persons with disabilities, members of marginalized communities, and non-traditional applicants to apply.