Mayo Clinic

Chief Financial Officer-Research

Mayo Clinic

Rochester, MN, USA
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Welcome to Mayo Clinic, where we are dedicated to providing the highest quality healthcare and advancing medical research. We are seeking a highly experienced and driven individual to join our team as the Chief Financial Officer-Research. As a leading academic medical center, the CFO-Research plays a critical role in overseeing the financial operations and strategies for our groundbreaking research initiatives. This is a unique opportunity to make a significant impact on the future of healthcare while working alongside a team of passionate and talented individuals. To be successful in this role, the ideal candidate must have a strong background in finance and research, exceptional leadership skills, and a deep commitment to our mission.

  1. Oversee the financial operations of all research initiatives at Mayo Clinic, ensuring accuracy, efficiency, and compliance with regulatory standards.
  2. Develop and implement financial strategies and policies to support the long-term goals and objectives of the research department.
  3. Provide financial guidance and support to research teams, collaborating with them to ensure the financial feasibility and sustainability of their projects.
  4. Monitor and analyze financial performance metrics, identifying areas for improvement and implementing corrective actions as needed.
  5. Collaborate with other senior leaders to develop and maintain a comprehensive budget for research activities, ensuring appropriate allocation of resources.
  6. Develop and maintain strong relationships with external funding agencies, negotiating contracts and agreements to secure necessary funding for research projects.
  7. Stay informed about current industry trends and best practices in research finance, and proactively make recommendations for process improvements and cost-saving opportunities.
  8. Lead and mentor a team of finance professionals, providing guidance, training, and support to ensure their success.
  9. Serve as a financial advisor to the research department, providing insights and recommendations on financial decisions and strategies.
  10. Uphold and promote the values and mission of Mayo Clinic, fostering a culture of excellence, collaboration, and innovation within the research department.
Where is this job?
This job is located at Rochester, MN, USA
Job Qualifications
  • Extensive Financial Management Experience: The Ideal Candidate For This Role Should Have A Minimum Of 10 Years Of Experience In Financial Management, Preferably In A Healthcare Setting. They Should Have A Deep Understanding Of Financial Systems, Budgeting, Forecasting, And Financial Reporting.

  • Advanced Degree In Finance Or Accounting: A Master's Degree In Finance, Accounting, Or A Related Field Is Typically Required For This Position. The Candidate Should Have A Strong Foundation In Financial Principles And Practices, As Well As Knowledge Of Healthcare-Specific Financial Regulations And Laws.

  • Strategic Thinking And Decision-Making Skills: As The Head Of The Finance Department, The Cfo Must Have Excellent Strategic Thinking And Decision-Making Abilities. They Should Be Able To Analyze Complex Financial Data And Make Sound Decisions That Align With The Organization's Goals And Objectives.

  • Leadership And Management Experience: The Cfo Will Be Responsible For Leading And Managing A Team Of Finance Professionals. Therefore, The Ideal Candidate Should Have Experience In Managing And Developing A Team, As Well As A Track Record Of Fostering A Positive And Collaborative Work Environment.

  • Healthcare Industry Knowledge: The Cfo Should Have A Thorough Understanding Of The Healthcare Industry, Including Current Trends, Challenges, And Opportunities. They Should Also Be Knowledgeable About Healthcare Reimbursement Systems And The Financial Implications Of Healthcare Policies And Regulations.

Required Skills
  • Risk Management

  • Financial Analysis

  • Financial Reporting

  • Strategic Planning

  • Project Management

  • Contract Negotiation

  • Forecasting

  • Budget management

  • Team Leadership

  • Data Interpretation

  • Cost reduction

  • Audit Compliance

Soft Skills
  • Communication

  • Conflict Resolution

  • Emotional Intelligence

  • Leadership

  • Time management

  • creativity

  • Critical thinking

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Chief Financial Officer-Research in Rochester, MN, USA is $131,000-$199,000 per year. However, the specific salary for this position may vary based on factors such as the size and industry of the company, the candidate's experience and qualifications, and the current economic climate. It is important to note that this is just an average and individual salaries may be higher or lower depending on these factors.

Additional Information
Mayo Clinic is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedAugust 21st, 2024
Apply BeforeMay 22nd, 2025
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About Mayo Clinic

The Mayo Clinic is an American not-for-profit organization academic medical center based in Rochester, Minnesota, focused on integrated clinical practice, education, and research. It employs over 4,500 physicians and scientists, along with another 58,400 administrative and allied health staff.

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