Description

The Opportunity:

Mercy Cedar Rapids seeks a dynamic, distinguished, and strategic executive to serve as its next Chief Financial Officer (CFO). Mercy Cedar Rapids is a $415M+ net revenue, independent, faith-based, community-governed, not-for-profit hospital and the only Magnet®-designated facility in its seven-county service area. As a cornerstone of healthcare in Eastern Iowa for over a century, Mercy is dedicated to providing compassionate, high-quality care to all, guided by the values of the Sisters of Mercy.

The Position:

This position is accountable for guiding the financial strategy, stewardship, and operational excellence of Mercy’s complex financial ecosystem and owning the results to advance its mission. The Chief Financial Officer (CFO) functions as a strategic partner to the President & CEO and advises/supports the Executive Team, Board of Trustees, and Mercy Management Team to ensure the achievement of Mercy’s strategic initiatives and short/long-term financial goals. The CFO oversees financial operations across both non-profit and for-profit entities, ensuring alignment with Mercy’s faith-based mission and compliance with all regulatory and ethical standards. In addition, the CFO serves as executive liaison to the Finance, Investment, and Planning Committees of the Board of Trustees, and regularly interacts directly with the full Board and its other Board committees.

The Ideal Candidate:

• Bachelor’s degree in accounting, finance or business required
• Master’s degree in finance, health administration or MBA preferred
• Certified Professional Accountant (CPA) designation is preferred
• Continuing professional education (CPE in healthcare finance and related areas of study) required
• A minimum of ten years of increasingly responsible and successful health care financial leadership experience in complex healthcare settings required.
• A minimum of six years of experience as CFO with responsibility in a large multi-service health care organization with both non-profit and for-profit operating entities required.  Successful experience in preparing high-level financial reporting documentation, budgeting information, and financial projections to Boards and Committees of a large health care organization required.
• Strong evidence of previously successful results in developing and directing staff, in consistently evaluating their performance, and providing leadership for their ongoing professional growth required.

The Organization:

Founded in 1900 by the Sisters of Mercy, Mercy Medical Center in Cedar Rapids has grown from a small community hospital into a comprehensive healthcare leader for Eastern Iowa. Guided by its mission to care for the sick and enhance the health of the community, Mercy has remained a trusted partner for generations of families. The hospital is sponsored by the Sisters of Mercy of the Americas and is a member of the MercyCare Service Network, an integrated delivery system of physicians and other healthcare providers. Mercy Cedar Rapids is a $415M+ net revenue, 445-bed, acute care hospital offering a full range of services, including the area’s only dedicated heart and vascular center, the Hall-Perrine Cancer Center, a CARF-accredited inpatient rehabilitation facility, a birth center, a bariatric surgery center, and comprehensive orthopedic and emergency services. As the only Magnet®-designated hospital in the region, Mercy is nationally recognized for its nursing excellence and commitment to the highest standards of patient care. The organization’s commitment to quality is consistently recognized by leading healthcare rating agencies. Mercy’s culture is deeply rooted in its faith-based values of reverence, integrity, compassion, and excellence. This foundation guides every decision and interaction, ensuring that financial stewardship and strategic growth are always aligned with the core mission of serving the community with compassion and dignity.

The Location:

Cedar Rapids, Iowa’s second-largest city, is a vibrant and thriving community located in the heart of Eastern Iowa. Known as the "City of Five Seasons," a nickname that encourages residents to take time to enjoy life and its changing seasons, Cedar Rapids offers a unique blend of metropolitan energy and small-town charm. It serves as a major economic and cultural hub for the region, with a diverse economy anchored by food processing, manufacturing, and a growing technology sector. Major employers like Collins Aerospace, Transamerica, and Quaker Oats contribute to a stable and prosperous environment.

Please direct all inquiries, applications, and referrals to:

Richard Heishman
[email protected]
About B.E. Smith Leadership Solutions, Executive and Physician Leadership Search

B.E. Smith Leadership Solutions, Executive and Physician Leadership Search, is a retained executive search firm serving the healthcare and life sciences industries. Ranked as one of the top healthcare recruiting firms in the country, B.E. Smith Leadership Solutions, is known for leading healthcare into the future by its growing base of clients across the country, drawing on a national pool of candidates.