Wake Area Vice President Financial Operations

American Addiction Centers • Winston-Salem, NC

134d • $170 - $273

About The Position

The Wake Area Vice President Financial Operations is a key member of the executive leadership teams for both the Health System and School of Medicine as well as the Advocate Health Finance Leadership Team. This role reports to the CFO of the North Carolina and Georgia (NC/GA) 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 Wake Area Vice President Financial Operations 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 and WFUSOM in collaboration with the Advocate Health enterprise and division finance teams, including: Financial reporting (internal and external) Budgeting and forecasting Capital and business planning Strategic financial analysis.

Requirements

• Bachelor’s degree from an accredited college or university is required.
• Master’s degree in business, finance, accounting, healthcare administration, or a related field is required.
• A minimum of 10 years of progressive leadership experience in health system finance and operations is required.
• Prior experience as a CFO within an academic health system with annual revenues exceeding $2 billion is preferred.
• Professional certification such as a CPA and/or HFMA and ACHE designations is preferred.
• Comprehensive experience in senior financial management, including substantial experience in complex P&L management.
• Direct CFO or Senior Finance experience in a hospital or health system with multi-site, multi-disciplinary components is strongly preferred.
• Demonstrates an understanding of the intersection of research, teaching, and clinical care in an academic health center.
• Deep understanding and experience with comprehensive revenue cycle management and reimbursement.

Nice To Haves

• Knowledge of fundamentals and advance practices in the field of financial management as it relates to integrated health systems and hospitals.
• Commitment to truth and transparency; leads with authenticity.
• Ability to quickly respond to organizational constraints and industry pressures.
• In-depth understanding of the key business issues and emerging trends in the healthcare industry.
• Proven ability to conceptualize issues and develop pragmatic solutions.
• High energy, drive for results and focus on creating value on a sustained basis.
• Visible and unifying leader.

Responsibilities

• Serves as the accountable finance leader for financial operations, including managing performance of the clinical assets and influencing and supporting performance of academic and corporate 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.
• 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.
• Leads collaboration efforts with AH, AHWFB, and WFUSOM academic leadership.
• 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 AHWFB leadership on financial performance while serving as a strategic liaison to key enterprise departments.
• 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 to optimize revenue and performance.
• 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.
• Represents NC/GA Division and AH CFO(s) in advising Enterprise leadership.

Benefits

• Paid Time Off programs
• Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
• Flexible Spending Accounts for eligible health care and dependent care expenses
• Family benefits such as adoption assistance and paid parental leave
• Defined contribution retirement plans with employer match and other financial wellness programs
• Educational Assistance Program

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Education Level: Master's degree
• Number of Employees: 11-50 employees