Health System Chief Financial Officer

The Finance, Health System Department is looking for a Health System Chief Finance Officer, reporting to the Vice President for Finance – CFO (VPF).

Role Summary

The HS-CFO is responsible for assisting the VPF in providing the required financial support to health services teams both in Lebanon and internationally. S/he will play an important role in all related financial matters including, but not limited to, financial feasibilities and planning, financial modeling, projects pricing, tariffing, standardization of financial strategies and systems related to the Integrated Health System and Health Services. This role will also be involved in the development of strategies and integrated execution plans that achieve clearly defined business development and health services objectives.

Main Duties & Responsibilities

1.       Financial Leadership & Strategic Oversight:

• Works closely with the VP Finance and the EVP Health Services on all financial matters related to LAU’s Integrated Health System, serving as the primary financial advisor to senior leadership on strategic decisions, capital investments, and long-term financial sustainability
• Leads the development and execution of the Integrated Health System’s financial strategy, ensuring alignment with the university’s broader mission and regulatory frameworks
• Provides forward-looking financial analysis including scenario planning, sensitivity analysis, and risk modeling to support executive and board-level decision-making

2.       Pricing, Revenue Cycle & Collections:

• Ensures optimization of pricing standards and pricing models across various specializations and services based on proper costing, safeguarding continuous and meticulous monitoring of price lists for frequent and accurate updates within the LAU health network
• Works closely with Revenue Cycle Management on the below:

o    Build and control a healthy and competitive system for billing surcharges aimed at ensuring realistic profitability and safeguarding the institution’s image, with proper controls for deductions and efficient collection processes

o    Assist in developing special pricing models for LAU community patients, enhancing the pricing system at the hospitals to cater to community needs

o    Negotiate special terms with LAU’s health insurance provider based on a thorough assessment of cost

o    Negotiate tariffs and pricing models with insurers, TPAs, and other agencies, and assess the hospitals’ price competitiveness based on geographic location and quality of services

o    Oversee charge capture accuracy, denial management, and appeals processes to maximize net revenue recovery while maintaining compliance

3.       Insurance, Payer Relations & Contracting:

• In close partnership with the Revenue Cycle Management (RCM) function, manages and cultivates relationships with insurance companies, TPAs, government payers, and other third-party agencies, negotiating favorable contract terms and reimbursement rates
• Collaborates with RCM to continuously evaluate payer mix and reimbursement trends, recommending strategic adjustments to contracting policies and patient financial services protocols
• Works jointly with RCM to monitor regulatory and policy changes affecting healthcare reimbursement and ensure the organization adapts proactively

4.       Accounting, Reporting & Systems:

• Standardizes the accounting and reporting systems at both medical centers and the university for consolidation purposes, including overseeing the development of specific dashboards and reporting tools adapted to the strategic needs of the university and medical center administrations
• Optimizes and standardizes financial functions within the ERP system, producing financials based on accounting standards and fair market value outcomes
• Ensures the integrity, accuracy, and timeliness of all financial statements, management reports, and regulatory filings across all entities within the Integrated Health System
• Leads the implementation and continuous improvement of financial information systems, data governance frameworks, and internal controls to support reliable and auditable financial reporting

5.       Budgeting, Planning & Financial Modeling:

• Assists in standardizing reporting, budgeting, and financial planning modeling across all health system entities
• Leads the annual budgeting and multi-year financial planning process, working in close collaboration with department heads, clinical leadership, and the university finance function
• Develops and maintains robust financial models to evaluate new service lines, capital projects, partnerships, and strategic initiatives, providing clear return-on-investment analyses
• Monitors budget performance on a regular basis, identifying variances, root causes, and corrective actions, and presenting findings to the EVP Health Services and the Board as required

6.       Compliance, Governance & Risk Management

• Ensures full compliance with applicable financial regulations, healthcare-specific standards, tax obligations, and audit requirements across both hospitals and affiliated projects
• Establishes and maintains a strong internal controls environment, coordinating with internal and external auditors and ensuring timely resolution of audit findings
• Oversees risk management frameworks related to financial exposure, including currency risk, liquidity risk, and operational risk within the health system
• Champions ethical financial practices and a culture of accountability and transparency across all financial operations

7.       Capital Management & Investment Oversight

• Oversees capital planning, allocation, and expenditure tracking across both hospitals and related health projects, ensuring funds are deployed efficiently and in line with strategic priorities
• Evaluates financing options for capital investments, including debt financing, grants, and public-private partnerships, and advises leadership on optimal capital structure
• Monitors and reports on the financial performance of health-related projects, ensuring milestones, budgets, and ROI targets are met

8.       Team Leadership & Organizational Development

• Leads, mentors, and develops the finance teams across the Integrated Health System, fostering a high-performance culture with strong technical capabilities and a service-oriented mindset
• Defines clear roles, responsibilities, and performance standards for the finance function, and supports succession planning for key financial roles
• Drives continuous process improvement and automation initiatives within the finance function to enhance efficiency and reduce operational risk

Minimum Required Qualifications

• Master’s degree in a relevant field
• Minimum 16 years of work experience in finance, healthcare management (including billing & admissions), or a major insurance company, with at least 10 years in a senior management role, out of which 5 years are in a supervisory role
• Strong understanding of, and ability to operate in compliance with, applicable business and healthcare standards
• Demonstrated ability to contribute to strategy development and support the execution of plans aimed at achieving organizational and performance objectives
• Ability to work collaboratively and effectively, as a team leader and a team member, with all internal and external partners and stakeholders
• Strong ability to present financial and operational information clearly and effectively to varied audiences
• Excellent written and verbal communication skills
• Proactive, resourceful, and results‑oriented mindset, with the ability to motivate and inspire others

Work Schedule

This role follows a standard Monday–Friday work schedule. However, due to the nature of managerial responsibilities, flexibility is required. The position may occasionally require availability after regular working hours, on weekends, or on holidays to support operational needs, ensure business continuity, and meet critical deadlines.

Interested candidates should email their CVs with a letter of interest outlining the applicant’s relevant experience to recruitment@necg.com.lb, specifying the job title in the subject line. 

CVs should include the exact month and year while listing the candidate’s professional experience and educational background.

Closing date for accepting applications is Thursday, August 06, 2026.

No applications will be accepted after this date, and only shortlisted candidates will be notified.

The Lebanese American University is an Equal Opportunity Employer.