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Chief Financial Officer - Wake Area Financial Operations
Chief Financial Officer - Wake Area Financial OperationsAtrium Health • Ardmore, NC, United States
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Chief Financial Officer - Wake Area Financial Operations

Chief Financial Officer - Wake Area Financial Operations

Atrium Health • Ardmore, NC, United States
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Overview

Department : 10024 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, and 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. 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.

Responsibilities

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 the following 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 and supporting performance of academic and corporate assets and departments.
  • Serves as a strategic advisor to the CEO of AHWFB and the AH CAO & Dean of WFUSOM; builds strong relationships with administrative and clinical leaders, Wake Forest University, the faculty practice, boards, and external constituents.
  • Financial Operations Management : plans, analyzes, reports, budgets, and manages capital; seeks opportunities to maximize revenue and control expenses; aligns financial operations with service delivery.
  • Leads collaboration with AHWFB, WFSOM, Enterprise Academics, and Advocate Health Finance Leadership Team; maintains Long Range Financial Plan and budget processes; analyzes variances and partners with operations to meet targets.
  • Advises Wake Area leadership on financial performance and serves as liaison to enterprise departments and functions (accounting, revenue cycle, IT, HR, etc.) to align priorities and drive performance.
  • Works with operations and revenue cycle teams to optimize revenue and understand payer trends; standardizes processes and delivers integrated financial information across sites; presents to governance boards and executive teams.
  • Enterprise Finance : represents divisions in advising Enterprise leadership on revenue growth, expense management, and strategic planning for clinical / service lines and corporate operations.

    • Leadership Imperatives

    Thinks Critically and Strategically

  • Applies rigorous problem definition, data collection, and analysis to make sound decisions amid uncertainty.
  • Identifies patterns, distills insights, and communicates clearly.
  • Maintains long-term perspective while balancing short-term realities.

    • Envisions and Enacts the Future

  • Articulates compelling visions and mobilizes teams to achieve them.
  • Champions innovation and builds capabilities to support it.
  • Acts as a steward of the organization’s culture.

    • Connects and Collaborates Across the Enterprise

  • Promotes integration and cross-functional collaboration.
  • Leads inclusively across diverse cultures and perspectives.

    • Builds and Leads Inclusive, High-Performing Teams

  • Values diversity and fosters trust and psychological safety.
  • Empowers and develops others to achieve results.

    • Understands and Shapes the External Environment

  • Knows the business model and external landscape; builds strategic relationships and leverages public affairs as needed.

    • Builds Talent for and Across the System

  • Develops future leaders and mentors high-potential staff.

    • Qualifications

    Education / Experience

  • Bachelor’s degree required.
  • Master’s degree in business, finance, accounting, healthcare administration, or related field required.
  • Minimum of 10 years of progressive leadership experience in health system finance and operations required.
  • Prior experience as a CFO within an academic health system with annual revenues exceeding $2 billion preferred.

    • Licensure, Certification, and / or Registration

  • Professional certification such as CPA, HFMA, and ACHE designations preferred.

    • Skills / Qualifications

  • Extensive experience in senior financial management, including P&L management, financial reporting, policy development, internal controls, systems implementation, and audits.
  • Experience as CFO or Senior Finance in a multi-site hospital / health system with academic and research components preferred.
  • Understanding of research, teaching, and clinical care intersections in an academic health center.
  • Strong revenue cycle and reimbursement knowledge; cost management track record.
  • Knowledge of financial management in integrated health systems; commitment to transparency; ability to adapt to change.
  • Strong communication, relationship-building, and leadership in a matrix environment.

    • The Atrium Health Wake Forest Baptist (AHWFB), Chief Financial Officer, Wake Area Financial Operations role is based in Winston-Salem, NC, and serves as the senior financial executive for the integrated academic health system with substantial scale and revenue. AHWFB is part of Advocate Health, a large nonprofit health system.

    Our Commitment to You

    Advocate Health offers Total Rewards including benefits, compensation, and career development opportunities. Compensation is base-based on qualifications and experience, with potential incentive pay and opportunities for annual increases based on performance.

    Benefits and more

  • PTO; medical, dental, vision, life, and disability coverage
  • Flexible Spending Accounts for eligible health care and dependent care
  • Family benefits, including adoption assistance and parental leave
  • Defined contribution retirement plans with employer match
  • Educational Assistance Program

    • About Advocate Health

    Advocate Health is a large nonprofit, integrated health system formed from the combination of Advocate Aurora Health and Atrium Health. It operates under multiple brand names and serves nearly 6 million patients with a broad footprint and extensive research and education activities. It is headquartered in Charlotte, NC.

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