State University of New York (SUNY) Downstate Medical Center (SUNY DMC), the only academic medical center in Brooklyn, is located in the heart of one of our nation’s largest, most ethnically diverse, urban communities. The SUNY DMC serves a constituency of almost three million residents of Brooklyn and Staten Island. Located on a thirteen-acre urban Campus in the East Flatbush section of Brooklyn, SUNY DMC comprises the largest medical school in the state, a School of Graduate Studies, a College of Health Related Professions, a College of Nursing and a 376-bed University Hospital. Affiliated medical centers include Kings County Hospital center, one of the nations’ largest municipal hospitals, VA New York Harbor Healthcare System, Staten Island University Hospital, Maimonides Medical Center and Brookdale Hospital Medical Center.
The College of Medicine ranks seventh in the number of graduates now engaged in academic medicine. Its faculty has made major contributions to research for which they have received recognition, including the 1998 Nobel Prize as well as several Lasker Awards.
SUNY DMC has a mandate to train the next generation of physicians, nurses, public health and allied health professionals and researchers; to conduct clinical and basic research in the biomedical sciences and to serve the health care needs of our community.
The Senior Vice President and Chief Financial Officer will report directly to the Downstate President.
The SVP and CFO will work closely with:
Chief Operating Officer
Vice President for Administration & Chief of Staff
Deans of all Colleges and Schools
VP and Managing Director of University Hospital of Brooklyn
Chief Financial Officer of University Hospital of Brooklyn
Vice President for Human Resources
Assistant Vice President for Procurement and Supply Chain Management
VP for Legal Affairs and Managing Counsel
Vice President for Compliance and Internal Audit
Executive Director of the SUNY Downstate Foundation
The SVP and CFO will serve as the chief financial and business officer for the campus and as the principal liaison with the financial managers in SUNY, the Division of the Budget and the Office of the State Comptroller.
The SVP and CFO will be responsible for the overall financial management of all the Campus activities, including the annual development of the operating and capital budgets that support our educational and research programs, our administrative support services and our clinical enterprise, including the University Hospitals, our affiliations and the Clinical Practice Management Plan.
The SVP and CFO will work with the line mangers in each of these areas to ensure that sound budgeting and financial management practices are in place and that these operations are conducted in accordance with all applicable SUNY, State, GAAP, and other requirements. The SVP and CFO will be responsible for the management of the annual budget planning process for the institution and all its elements and for monitoring performance against those plans.
The SVP and CFO’s specific responsibilities may include all or some of the following depending on the experience and skill set of the successful candidates.
Develops and implements long and short-term financial strategies and programs in support of the Campus’s objectives, as well as oversee long range financial planning and forecasting.
Organizes, interprets and presents relevant financial data (including identification of significant success/problem indicators) to the President and senior management.
Directs the review, analysis and interpretation of all financial and budget reports. It is expected that the SVP and CFO will have responsibility for a full range of internal and external financial Analyses.
Works closely with and assists all Campus entities with finance, Investment, Compliance and audit Committees and other committees as appropriate.
Manages the Campus’ banking and investment relationships.
Manages the Campus’ endowment along with its investment managers. Advises and makes recommendations to managers.
In conjunction with the Compliance and Audit committee, will interact appropriately with the vice President for compliance and audit Services.
Further develops and maintains Campus internal controls and accounting operations, policies, practices and systems.
Manages the departments of Purchasing, Central Receiving, Disbursements (Payroll and Accounts Payable), Finance, General accounting (Endowment Accounting). Budgets, Financial Systems and Bursar.
Oversees, coordinates and guides financial staff at University Hospital.
The successful candidate must be highly intelligent, seasoned, self-confident financial executive with a minimum of 15 years of progressively responsible experience in large and complex institutions. Experience ideally will have been gained in hospital and/or health systems, academic medical centers or higher education institutions. Experience also may have been gained in not-for-profit, governmental or corporate sectors. Experience should be broadly based in the areas of strategic financial planning finance and account, budgeting, treasury and endowment management and operations. Familiarity with these functions as they relate to higher education is a plus.
The SVP and CFO must be strategic, decisive, analytical and capable of bringing a sophisticated and resourceful approach to his/her role and responsibilities. He/she must be an individual that keeps abreast of financial trends, regulations and technology. The SVP and CFO must possess the financial and management skills to operate both as a high-level administrator and as a hands-on, highly capable financial officer.
The SVP and CFO must have a customer service orientation and be able to build collaborative and effective working relationships throughout the Campus, as well as with external constituents. It is imperative that he/she possesses a strong work ethic and integrity beyond reproach.
Further, the SVP and CFO should possess the personal characteristics and professional experience to inspire excellence among staff, partnership among senior-level executives of the campus and confidence among external constituents; thus, setting the tone for the institution’s further growth and success.
An MBA (or equivalent master’s degree) is required, preferably in Finance, Accounting or non-profit financial management. A licensed CPA is a plus.
Additional Salary Information: A competitive compensation package will be offered to the successful candidate.
About State University of New York Downstate Medical Center
Formally known as The State University of New York Health Science Center at Brooklyn—but better known to our patients and Brooklyn neighbors as SUNY Downstate Medical Center—we are older than the Brooklyn Bridge. We trace our roots back to 1860, when a school of medicine was founded at the Long Island College Hospital. The new college’s faculty revolutionized medical education in this country by b...ringing the teaching of medicine to the hospital bedside, thus rejecting the idea that physicians should be trained exclusively in university lecture halls.
Photo of Dr. Robert Furchgott
Nobel Prize Winner in Medicine
Dr. Robert Furchgott
Today, SUNY Downstate is one of the nation’s leading urban medical centers. SUNY Downstate comprises a College of Medicine, College of Health Related Professions, College of Nursing, School of Graduate Studies, School of Public Health, and University Hospital of Brooklyn.
As the only academic medical center in Brooklyn, we serve a large population–over 2.3 million people–and one that is among the most diverse in the world. We are also an engine of opportunity for students interested in pursuing careers in health care. Many of our students are the first in their families to attend college.
More physicians who practice medicine in New York City received their training at our College of Medicine than any other medical center in the country. Nationally, our medical school ranks seventh in the number of graduates who are now engaged in academic medicine. Here in Brooklyn, our impact is even greater. We have trained nearly half of all doctors practicing in a number of specialty areas.
Our College of Health Related Professions and College of Nursing also play a unique role in the borough and the city. We have the oldest midwifery program in the country, and we recently made history again by establishing a joint program between the two colleges that trains midwives who are not nurses. The College of Nursing is particularly proud of its role in educating minority students. Approximately three-fourths of the students are minority-group members, and many are recent immigrants.
University Hospital of Brooklyn is the borough’s only hospital located at an academic medical center. As such, it offers the most advanced and comprehensive care in Brooklyn. Many of its physicians are regularly rated among the best in New York City. Some are known throughout the world.
SUNY Downstate Medical Center enters the new century with a renewed dedication to serving the people of Brooklyn through its three-fold mission of education, research, and patient care.