Overview:
Shape the Financial Future of a Growing Community Hospital
At Cambridge Memorial Hospital (CMH), we are building healthier communities together. As a thriving acute care hospital serving the Waterloo Region and beyond, CMH provides comprehensive services including Emergency, Medicine, Intensive Care, Surgery, Women’s and Children’s Health, and Mental Health.
As healthcare funding models evolve and system pressures increase, CMH is seeking a strategic and forward-thinking Director, Finance to play a critical leadership role in ensuring the organization’s long-term financial sustainability and operational excellence.
This is a high-impact opportunity to serve as a trusted financial advisor to the Executive Team and Board Committees while leading a dedicated finance team in delivering robust financial stewardship in a complex healthcare environment.
Why Join CMH?
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Healthcare of Ontario Pension Plan (HOOPP)
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Comprehensive group benefits (health and dental) for full-time employees
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Employee and Family Assistance Program
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Leadership and Quality Improvement Curriculum
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Career Development & Education Grant
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Wellness & Wellbeing Program
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Commitment to Diversity, Equity and Inclusion
At CMH, you will join a collaborative leadership team that values innovation, accountability, and compassion in service of our community.
Job Description:
Salary Range: $81.36 - $96.85
Salary Range: $155.000 to $185.000
Position Summary
Reporting to the Vice President, Finance and Corporate Services & Chief Financial Officer, the Director, Finance provides enterprise-wide leadership and oversight of the hospital’s financial operations, planning, reporting, treasury, and internal control environment.
The Director is responsible for advancing financial strategy, strengthening fiscal stewardship, optimizing funding opportunities, and ensuring regulatory compliance, while fostering a culture of accountability, collaboration, and continuous improvement.
As a key member of the leadership team, the Director partners closely with clinical and operational leaders to align financial planning with organizational priorities and strategic objectives.
Key Responsibilities
Strategic Financial Leadership
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Provide strategic financial advice and insights to the CFO, Executive Team, Director’s Council and Board Committees to support informed decision-making.
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Lead the development of multi-year financial and capital plans aligned with CMH’s strategic priorities.
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Drive financial sustainability in a dynamic provincial funding environment.
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Act as a key liaison with external partners, including the Ministry of Health (MOH), Ontario Health, as well as hospital and community partners,
Financial Planning & Reporting
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Oversee the preparation of accurate, timely monthly and annual financial statements with meaningful variance analysis and forecasting.
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Lead the annual operating and capital budget process, multi-year forecasts and long-range financial plans in collaboration with clinical and operational leaders, ensuring alignment with organizational goals and service delivery requirements.
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Strengthen forecasting capabilities and financial analytics to support proactive decision-making.
Funding Optimization & Performance
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Maximize revenue through effective management of performance-based funding initiatives, including Growth and Efficiency Model (GEM), Quality-Based Procedures (QBP), and Post-Construction Operating Plan (PCOP) funding.
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Monitor and respond strategically to evolving Ministry funding policies and healthcare system reforms.
Financial Operations & Controls
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Ensure effective payroll, accounts payable, accounts receivable, general ledger, financial analysis, and budgeting functions.
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Ensure a strong internal control framework that safeguards public funds and organizational assets.
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Provide oversight of year-end audit processes and ensure full compliance with regulatory and MOH reporting requirements and timelines.
Treasury & Risk Management
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Oversee cash flow management, banking relationships, investments, and insurance programs.
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Monitor financial risk exposure and implement mitigation strategies.
Organizational Partnership
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Act as a strategic financial partner to operational leaders, the CMH Foundation, and Volunteer Association.
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Support and build financial literacy and accountability across the organization.
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Support business case development, financial modelling and return on investment analysis for new initiatives, capital projects and procurement decisions.
- Contribute to capital and funding/ procurement contract negotiations.
People & Culture Leadership
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Lead, mentor, and develop a high-performing finance team.
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Foster a culture of collaboration, continuous improvement, and professional growth.
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Champion CMH’s values of Caring, Collaboration, Accountability, Innovation, and Respect.
Qualifications & Experience
Education & Credentials
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Bachelor’s degree in Commerce, Business, Finance, or related field.
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Professional accounting designation (CPA or equivalent).
Experience
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Minimum 7–10 years of progressive financial leadership experience.
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Demonstrated experience in hospital or complex healthcare finance.
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Experience working within a publicly funded environment and familiarity with Ministry of Health reporting requirements.
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Proven success leading budgeting, forecasting, audit, and financial reporting functions.
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Experience presenting financial information to senior leadership and/or Board Committees.
Leadership Competencies
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Strategic thinker with strong business and financial acumen.
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Exceptional analytical and problem-solving skills.
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Collaborative leadership style with the ability to influence and engage across disciplines.
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Clear, confident communicator capable of translating complex financial information for diverse audiences.
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Ability to lead effectively in a dynamic and evolving healthcare environment.
Technical Expertise
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Advanced knowledge of MIS guidelines.
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Proficiency in financial systems, financial modelling and advanced spreadsheet applications.
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Understanding of procurement practices and the Broader Public Sector Procurement Directive.
CONTACT INFORMATION
If you are interested in being considered for this opportunity,
please submit your cover letter and resume by email to Erica Tsui at
[email protected]
As part of our commitment to the health and safety of our patients, staff and community from COVID-19, subject to any accommodation required by applicable human rights legislation, Cambridge Memorial Hospital requires that all staff have received all required doses of a COVID-19 vaccine approved by Health Canada.
The successful external applicant is required to provide the applicable criminal record check, as requested by Human Resources, in accordance with federal and provincial legislation. Valid criminal record checks are in original format and dated with two months from date of conditional offer from CMH.
CMH Inclusion Statement
At Cambridge Memorial Hospital (CMH), community matters to us. We acknowledge and are grateful for the opportunity to meet, work and offer healthcare on what is the traditional territories for the Anishinaabe, the Haudenosaunee and the Chinnonton.
We are committed to providing and fostering a respectful, caring, and inclusive workplace; one that generates belonging. We want a work culture where people are free to express their authentic selves and are able to bring their best daily. That includes a workplace that is free from violence, harassment and discrimination of any kind.
We welcome all applicants and encourage members of equity-deserving groups including Indigenous and LGBTQ2SIA+ communities regardless of race, gender, sexual orientation, gender identity or expression, lifestyle, age, educational background, national origin, religion, neurodiversity or physical ability. We promise to ask if needed, and to provide reasonable accommodation to you during the recruitment and selection process to ensure an equitable experience.
To support all of us in this journey, Cambridge Memorial Hospital is an employee partner with the Canadian Centre for Diversity & Inclusion (CCDI) and provides access to all CMH members to CCDI resources and education. We encourage you to reflect upon our inclusive commitment to you as we welcome and encourage you to explore a promising future career at CMH.
Mari Iromoto Executive Champion Diversity, Equity and Inclusion
Susan Toth, Director of Human Resources
We thank all those who apply, however only those selected for an interview will be contacted.
Cambridge Memorial Hospital (CMH) proudly integrates AI-based technologies into its applicant screening process to enhance recruitment. These tools are designed to reduce bias and uphold fair hiring practices based on skills, education, and experience. CMH’s AI serves to assist, not replace, human decision-making, with results audited to ensure quality and equity. This initiative reinforces the hospital’s commitment to Equity, Diversity, and Inclusion, ensuring the best talent is selected while adhering to its core values.
Union: Non-Union
