Department
BSD AFA - Accounting
Job Summary
Serves as a senior level resource for operational units on financial, budget, clinical strategy, physician productivity and Faculty Compensation Plan issues. Collaborates with Executive Administrator, Senior Director, Finance Service Delivery and departmental leadership team to develop and implement strategic initiatives for the Department. Under the supervision of the Senior Director, the Director will interact directly with department chair, section chief, or faculty as needed to complete initiatives. Has full accountability for managing projects that may span multiple functional areas (operations, clinical, research, and education). Prepares and advises others on operating budget for department. Provides independent project management and analytical support for special projects. Consolidates Section budgets into departmental operating and capital budget submissions and surfaces/addresses issues for Executive Leadership. Works with department leaders in analyzing proposals and developing proforma business plans. Regularly monitors operating budget reports and accounting records to determine if professional fee revenue and expenses materialize according to plan. Responsible for monitoring and approving expense reimbursements. Identify and reports on causes of variances between the approved budget and actual performance and recommends remediation measures. Ensure accuracy and compliance with financial results by identifying and processing journal entries and payroll transfers, when necessary. Provides ongoing assessment of efficiency and effectiveness of programs and procedures to ensure conformance with budgetary provisions. May mentor and/or supervise positions in the Service Delivery Unit.
Responsibilities
- Developssystems/proceduresthat are shared with departmentstoensureintegrityandinternalfinancialcontrolsofannual operating budget and annual gift/endowmentuse.
- Reviews financial and clinical information; prepares daily, monthly, and ad-hoc reports including dashboards; provides analysis of financial statements,identifiesvariances from previous periods/budget; ensures policies/procedures to govern financial decision-making are followed to ensure achievement of objectives.
- Responsible forfinancial managementof IADFs, and the associated report out and monitoring of faculty start-ups. Uses this information tomanage risk related to spending andidentifiesfinancial contingencies as it relates to long range financial planning.
- Evaluatesaspectsofrevenuegenerationincludingprofessionalfees,chargecaptureand billing, regulatorycomplianceand offsite practiceactivitiesto ensureperformance isto plan.
- Manages external billing agreements, including but not limited to proforma development, monthly invoicing,monitoringoverall financial health of agreement, andidentifyingfinancial risks or concerns to the Senior Director.
- Manages andassistswith tasks related to monthly close, including but not limited to journal entry, accrual preparation, and completing variance analyses.
- Develops and integrateslong/short-rangestrategiesintodailyoperationalandfinancialplanning/reporting to ensure resources for strategic programs areavailable.
- Performs analysis and interpretation of financialdata, may mentor otherson interpreting financial data.
- Creates proforma business plans and serves as chief information source for external benchmarkingandmarketassessmentstofacilitatephysicianrecruitment. Worksclosely withSeniorDirector of Finance to ensure business plans are coordinated relative to mission, physician deployment, capital equipment, space, revenue andexpense.
- In collaboration with the Senior Director, leadsthe annual budgetingprocessandhas primary responsibility for assigned areas.
- Serves as experienced liaison with departmental stakeholders to collect and stress test volume assumptions to build revenue budgets, including but not limited to Gifts, Grants and Clinical Revenue. Provides reasonableness/analytical assessment of data inputs with department.
- Utilizes various systems and inputs to buildaccurateexpense budgets including salary and non-wageexpense.
- Provides support in developing budget roll up and narrative, as well asidentifyingfinancial risks throughout budget process to Senior Director and Department leadership.
- Designs and manages physician compensation programs and tracks financial,wRVU, payor mix, case volume, research, academic and teaching targets for section leadership, existingfacultyand new physician recruits.
- Reports on productivity measures and monitors progress, identifies opportunities to streamline financial operations through best practices; monitors productivity, charge capture, revenue and expenses vs benchmarks to identify opportunities for expense reduction or productivity improvement.
- Develops and performs financial and clinical data analysis using internal data (eSimon,Epic, Oracle, and other sources) and published benchmarking (MGMA, AAMC,CPSC,etc.) to develop strategies and reporting to improve physician and departmental performance.
- Develops and performs analysis offinancial information and assesses operational plans,forecastsand potential risks; evaluatesand proposesalternative courses of action.
- In partnership with the Senior Director, developsstandardfinancial reporting deck for departments.
- Providesfinancial guidance to section administrators, section chiefs, executive administrators, and Chair.
- Manages/supervises staff;providestraining, coaching,and mentoringin orderto enableindividual and teamsuccess.
- Manages the development, monitoring, and evaluation of a consolidated annual and intermediate (typically three to five year) budget plan and budget process for a unit, as well as actual performance against budget.
- Manages the preparation of audits and value-add financial analysis. Advises senior management on financial reporting requirements.
- Performs other related work as needed.
Minimum Qualifications
Education:
Minimum requirements include a college or university degree in related field.
Work Experience:
Minimum requirements include knowledge and skills developed through 7+ years of work experience in a related job discipline.
Certifications:
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Preferred Qualifications
Education:
- MBA or advanced degree in accounting, finance, or relatedfield.
Experience:
- Minimum of 7 years of professional experience in accounting, financial planning, budgeting, analysis, forecasting, modeling, auditing, financial control systems, and regulatory compliance.
- Extensiveexperienceinfinancialmanagement,includingtheabilitytoanalyzedatafor budgeting, operations, auditing and accounts receivable and reserve analysis, pro forma preparation.
- Background inhighereducation,healthcare,oracademicmedicalcenter,withaproventrack recordof success in the financialenvironment.
Technical Skills or Knowledge:
- Proficiency in financial principles, practices, methodologies, and applications, including budgeting, planning, and reporting within the organization9s financial ecosystem.
- Strong financial modeling skills within financial platforms.
- Proficiency in Microsoft Office, including advanced Excel and PowerPoint skills, financial computing, and intellectual versatility and creativity.
- Translatefinancialdataintoactionableinsightsandanticipatetrends.
Preferred Competencies
- Aptitude for translating complex issues and ideas to general audience.
- Demonstratedabilitytonavigatecomplexenvironments,exercisesoundjudgment,andmaintainconfidentiality.
- Excellentanalyticalandorganizationalabilities,withafocusonmaximizingefficiencywithin financialsystems.
- Effectiveinterpersonal,verbal,andwrittencommunicationskillstoestablishandmaintain relationships at all organizationallevels.
- Collaborativeworkstylewithstrongconsultativeskills,facilitatingeffectiveengagementwith financialstakeholders.
- Workindependentlyandmanagemultipleprojectsandcompetingprioritieswithminimal supervision, while navigating financialsystems.
- Translatestrategicobjectivesintooperationalplans,consideringthe financiallandscape.
- Workeffectivelyunderpressure,adaptingtochangeswithinfinancial systems.
- Demonstrated ability to thinkstrategically.
- Develop and analyze alternative solutions andassistin makingrecommendations.
- Work effectively and gracefully under considerable time pressure with competing deadlines and priorities in a fast-paced environment.
Working Conditions
- Office environment.
- Weekend/Evening hours as needed.
Application Documents
- Resume/CV (required)
- Cover Letter (preferred)
- Professional References Contact Information (required)(3)
The University of Chicago uses AI-assisted tools to streamline and augment some recruitment processes; however, AI is not used to make hiring decisions.
When applying, the document(s) MUSTbe uploaded via the My Experience page, in the section titled Application Documents of the application.
Job Family
Financial Management
Role Impact
People Manager
Scheduled Weekly Hours
40
Drug Test Required
No
Health Screen Required
No
Motor Vehicle Record Inquiry Required
No
Pay Rate Type
Salary
FLSA Status
Exempt
Pay Range
$110,000.00 - $150,000.00
The included pay rate or range represents the University9s good faith estimate of the possible compensation offer for this role at the time of posting.
Benefits Eligible
Yes
The University of Chicago offers a wide range of benefits programs and resources for eligible employees, including health, retirement, and paid time off. Information about the benefit offerings can be found in the Benefits Guidebook.
