Position Purpose:

As a key member of the Executive Leadership Team, the Chief Financial Officer (CFO) will report to the CEO. The CFO will have primary day-to-day responsibility for planning, implementing, managing and controlling all financial-related activities of the company. This will include direct responsibility for Accounting, Financial Forecasting, Budgeting, Pro Forma Strategic Planning, M & A activities, Investor Relationships, Treasury Management, and Private and Institutional financing.

Essential Responsibilities:

  • Oversee all finance and accounting related activities including A/P, A/R, cash flow/working capital planning, treasury management and investment oversight.
  • Ensure timeliness, accuracy, and usefulness of financial and management reporting the Members and Umpqua Health Board of Directors.
  • Oversee the preparation and communication of monthly and annual financial statements.
  • Work effectively with State and Federal policymakers on matters pertaining to healthcare finance, including statutory and contractual reporting requirements.
  • Oversee the budgeting, capital planning, financial key indicators, and other financial metrics to ensure Executive Leadership and Board of Directors has appropriate financial information to make informed decisions in accordance with Umpqua Health’s corporate goals.
  • Develop financial reports, metrics, external comparisons, benchmarks, and budget tools in connection with corporate goals.
  • Assess strengths and weaknesses of Umpqua Health’s financial strategies and recommend steps to improve them.  Oversee the financial viability of the plan and minimize the opportunity for financial risk or exposure.
  • Create standards and processes that balance financial management with long-term strategy.
  • Oversee integrity of premium, eligibility, and encounter data processes.
  • Ensure maintenance of accounting standards with State and Federal agencies regarding internal controls, regulatory reporting, capital reserve requirements, and risk-based capital.
  • Assess contractual adequacy of premium vs. provider panel payments and make recommendations on provider contracting strategies.  Help develop strategies for successful negotiations.
  • Develop panel compensation models which effectively manage insurance risk including, capitation, medical home, case management, and other alternative payment mechanisms.  Promote the alignment of financial incentives across the Umpqua Health provider network.
  • Provide ongoing analysis and determination of healthcare costs and trends; develop reporting systems and processes to quickly and accurately determine true costs and trend analysis for all products and services.
  • Manage relationships with Actuaries, Auditors, financial institutions, investors, and public officials.
  • Identify and implement non-utilization-related opportunities for expense management.
  • Continually improve the budgeting process through education of department managers on financial issues impacting their budgets.
  • Participate in corporate policy development as a member of the senior management team.
  • Ability to deal with a broad range of interpersonal situations and create a positive atmosphere for change.  This includes listening skills and the ability to negotiate effectively.
  • Oversee financial strategies and activities, as well as banking relationships.
  • Recruit, select, and retain highly qualified professionals.  Provide the participatory leadership to Finance staff necessary to maintain a motivated, productive and competent team through open communication and delegation of responsibilities and authority.  Guide and direct subordinates in their personal and professional development.  Instill a collaborative approach to subordinates’ interactions within the group and across the organization.
  • Comply with organization’s internal policies and procedures, Code of Conduct, Compliance Plan, along with applicable Federal, State, and local regulations.
  • Other duties as assigned.


  • BS in Accounting or Finance, MBA and/or CPA required.
  • 10+ years in progressively responsible financial leadership roles in healthcare sector.
  • Broad knowledge of health care delivery systems; experience with Medicare and Medicaid preferred.
  • Demonstrated ability to develop financial reports, metrics, external comparisons and budget tools for health-plan-specific criteria and subject matter, particularly with enrollment, compliance, audit, risk, reimbursement, and the evolution of healthcare reform on a state and federal level.

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