Senior Director, Clinical Finance
The University of Chicago

Chicago, Illinois

This job has expired.


Department

BSD AFA - Accounting and Financial Analysis

About the Department

The Biological Sciences Division (BSD) is the largest operating unit of the University of Chicago. It includes the Pritzker School of Medicine, twenty-three academic departments, twelve interdisciplinary degree-granting committees, and more than a dozen research centers and institutes. The BSD mission is to discover and create new knowledge of living systems, to preserve and communicate knowledge through education, and to nurture and sustain a community of scholars. These scholars pursue this mission through research, the education of basic scientists, physicians, and others interested in living things, and through enlightened and compassionate care of patients in a humane, academic environment. We have a long and rich history of discovery. Our academic departments have each developed and sustained outstanding programs of research and training in a broad range of programs. These are further enhanced by interdisciplinary committees, centers, and institutes. Unique among our peers, our Pritzker School of Medicine and basic biological science programs are housed in one division, allowing for strong collaborations between basic science and clinical research. Faculty, staff, and students interact across programs and disciplines, creating collaborative and innovative approaches to the study of complex problems. As a part of the BSD Dean's Office, BSD Finance works closely with the executive leaders and financial professionals within the BSD, University, and Medical Center. It currently contains a total staff of 16 people.

Job Summary

The job is responsible for financial planning, analysis, reporting, and the management of a team of professional staff. Works in close collaboration with the BSD Finance team, administrative leaders across the BSD and others across the health systems in the support of clinical financial performance. Develops long and short-term plans to achieve financial goals, business strategies/plans, and financial forecasts/models for service programs and initiatives. Works to manage annual operating budgets, revenue cycle performance, clinical productivity, monthly reporting, and analysis of financials.

The position would report to an Executive Director in BSD Finance and lead initiatives to optimize resource utilization to achieve divisional strategic objectives.

Responsibilities

  • Collaborates with revenue cycle, finance, clinical departments, and other departments/units to support the enterprise strategies of enhancing clinical financial performance.
  • Leads initiatives to optimize and develop strategies and solutions to address financial results improving performance across the health care system.
  • Conducts financial analysis to support decision making related to physician, advanced practice provider and staff requests.
  • Supports monthly review and analysis of clinical performance relative to financial and productivity goals.
  • Builds robust analytical models to analyze new/potential growth and strategic initiatives.
  • Collaboratively reviews and implements financial parameters and reimbursement methodologies improving the financial position of the enterprise.
  • Oversees financial management and reporting systems to integrate productivity and other performance measures with financial metrics to continuously improve access and efficiency and achieve growth and financial performance targets.
  • Supports BSD leadership during the annual budget planning process, helping to ensure the creation of accurate, realistic, and optimized fiscal year budgets.
  • Leads, mentors, trains, develops, and recognizes team performance contributing to growth opportunities and retention within team.
  • Develops methodology for ongoing reporting, analysis and updates of budget variances.
  • Presents results to leadership and governance committees as necessary.
  • Recommends and participates in financial and productivity medical group surveys used for benchmarking performance.
  • Manages financial staff through subordinates, usually other managers and professional staff. Establishes performance goals, allocates resources and assesses policies for the related departments managed.
  • Recommends the management of operating and capital budgets, information and accounting systems, revenue billing and collection, and the monitoring of expenditures on active accounts.
  • Advises budgets for all areas within scope of responsibility. Directs quarterly and year-end reporting for the operating budget.
  • Performs other related work as needed.

Minimum Qualifications

Education:
Minimum requirements include a college or university degree in related field.
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Work Experience:

Minimum requirements include knowledge and skills developed through 7+ years of work experience in a related job discipline.
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Certifications:


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Preferred Qualifications

Education:
  • MBA or advanced degree in finance, public policy, not-for-profit administration, healthcare administration, or a related field.

Experience:
  • Expertise in project management.
  • Experience in medical group operations, with experience in financial performance.
  • Knowledge of ambulatory care practice operations.
  • Experience in university or academic medical center.
  • Experience formulating long-term strategic plans.
  • Experience working closely with physicians in a provider setting.

Technical Skills or Knowledge:
  • Advanced knowledge of Microsoft Office programs, particularly Microsoft Excel.
  • Understanding of and experience working with relational databases.

Preferred Competencies
  • Knowledge of financial computing and database software applications.
  • Knowledge of various financial principles, practices, and applications including budgeting, financial planning, and financial reporting.
  • Experience with accounting systems and budget systems required Proficiency with Microsoft Office (Word, Excel, PowerPoint).
  • Financial modeling experience.
  • Strong interpersonal, verbal, and written communication skills.
  • Ability to establish and maintain relationships at all organizational levels.
  • Proven ability to synthesize complex issues for management.
  • Demonstrated time management ability to deliver high-integrity products within established deadlines.
  • Ability to be a proactive and assertive problem-solver.
  • Strong upward and downward management skills.
  • Prior direct supervisory experience.
  • Knowledge of GAAP accounting principle, restricted fund accounting, grant accounting.

Application Documents
  • Resume (required)
  • Cover Letter (preferred)

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

FLSA Status

Exempt

Pay Frequency

Monthly

Scheduled Weekly Hours

40

Benefits Eligible

Yes

Requires Compliance with University Covid-19 Vaccination Requirement

Yes

Drug Test Required

No

Health Screen Required

No

Motor Vehicle Record Inquiry Required

No

Posting Statement

Employees must comply with the University's COVID-19 vaccination requirements. More information about the requirements can be found on the University of Chicago Vaccination GoForward.

The University of Chicago is an Affirmative Action/Equal Opportunity/Disabled/Veterans Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national or ethnic origin, age, status as an individual with a disability, protected veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.

Staff Job seekers in need of a reasonable accommodation to complete the application process should call 773-702-5800 or submit a request via Applicant Inquiry Form.

We seek a diverse pool of applicants who wish to join an academic community that places the highest value on rigorous inquiry and encourages a diversity of perspectives, experiences, groups of individuals, and ideas to inform and stimulate intellectual challenge, engagement, and exchange.

All offers of employment are contingent upon a background check that includes a review of conviction history. A conviction does not automatically preclude University employment. Rather, the University considers conviction information on a case-by-case basis and assesses the nature of the offense, the circumstances surrounding it, the proximity in time of the conviction, and its relevance to the position.

The University of Chicago's Annual Security & Fire Safety Report (Report) provides information about University offices and programs that provide safety support, crime and fire statistics, emergency response and communications plans, and other policies and information. The Report can be accessed online at:http://securityreport.uchicago.edu.Paper copies of the Report are available, upon request, from the University of Chicago Police Department, 850 E. 61st Street, Chicago, IL 60637.


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