Chief Financial Officer - Wake Area Financial Operations

Department:

Enterprise Corporate - Executive Management

Status:
Full time

Benefits Eligible:
Yes

Hours Per Week: 40

Schedule Details/Additional Information: 1st shift, Monday to Friday

Pay Range: $170.90 - $273.45

The Chief Financial Officer (CFO), Wake Area Financial Operations is a key member of the executive leadership teams for Atrium Health Wake Forest Baptist (AHWFB), Wake Forest School of Medicine (WFSOM), Enterprise Academics as well as the Advocate Health Finance Leadership Team. This role reports to the CFO North Carolina - Georgia Division of Advocate Health, with matrix reporting to both the Chief Executive Officer (CEO) of AHWFB and the Advocate Health (AH) Chief Academic Officer (CAO) & Dean of WFUSOM.

Additionally, the CFO serves as the principal financial liaison to AHWFB's governing bodies and Wake Forest University, as well as to Advocate Health senior management, ensuring alignment of financial strategy with organizational goals.

This executive is responsible for financial operations across AHWFB, WFUSOM and National Academic Model in collaboration with the Advocate Health enterprise and division finance teams, including:

Highlights

• Financial reporting (internal and external)

• Budgeting and forecasting

• Capital and business planning

• Strategic financial analysis

POSITION

ACCOUNTABILITIES

Serves as the accountable finance leader for financial operations, including managing performance of the clinical assets (wholly owned and joint venture/other partnerships) and influencing and supporting performance of academic (education & research), and corporate (administrative and clinical) assets and departments.

Serves as a strategic advisor to both the CEO of AHWFB and the AH CAO & Dean of WFUSOM. Builds strong, positive relationships by establishing trust and credibility with all stakeholders: administrative and clinical leaders across the health system, Wake Forest University, the faculty practice, board members, and external constituents.

• Manages, plans, and organizes the financial operations of AHWFB, including financial performance, analytics and reporting, planning, budgeting and capital management.

• Directs completion and reviews/reports on financial performance. Identifies, assesses, documents, and monitors opportunities to maximize revenue and manage expenses. Identifies and drives opportunities for savings with the executive leadership team. Evaluates and improves financial operations and related policies to ensure that they best support an integrated approach to service delivery.

• Leads collaboration efforts with Atrium Health Wake Forest Baptist (AHWFB), Wake Forest School of Medicine (WFSOM), Enterprise Academics as well as the Advocate Health Finance Leadership Team, ensuring alignment, completion and maintenance of annual Long Range Financial Plan and operating and capital budget processes. Analyzes variances to budgets/forecasts and communicates to Area and Division operations and finance leadership. Partners with operations leaders to ensure financial targets are met and/or exceeded.

• Advises Wake Area leadership on financial performance while also serving as a strategic liaison to key enterprise departments-such as corporate accounting, managed health resources and reimbursement, revenue cycle, health information management, supply chain, human resources, nursing, IT, and facilities management. Acts as a conduit between area leadership and enterprise functions to align priorities and drive performance.

• Works collaboratively with operations management and corporate revenue cycle departments (Patient Access and Patient Financial Services, Health Information Management, Clinical Documentation Improvement, Reimbursement) to optimize revenue and performance, and better understand/enhance payer and reimbursement trends.

• Standardizes work, processes and deliverables and ensures financial integration within and across the Area and individual patient care sites.

• Presents financial information to governance boards and subcommittees and Area/Division executive and management teams.

Enterprise Finance: represents NC/GA Division and AH CFO(s), as applicable, in advising Enterprise…