Director, Finance Service Delivery Unit, Clinical Departments

University of Chicago•Chicago, IL

2d•$110,000 - $150,000•Onsite

About The Position

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.

Requirements

College or university degree in related field.
Knowledge and skills developed through 7+ years of work experience in a related job discipline.
MBA or advanced degree in accounting, finance, or related field.
Minimum of 7 years of professional experience in accounting, financial planning, budgeting, analysis, forecasting, modeling, auditing, financial control systems, and regulatory compliance.
Extensive experience in financial management, including the ability to analyze data for budgeting, operations, auditing and accounts receivable and reserve analysis, pro forma preparation.
Background in higher education, healthcare, or academic medical center, with a proven track record of success in the financial environment.
Proficiency in financial principles, practices, methodologies, and applications, including budgeting, planning, and reporting within the organization's 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.
Translate financial data into actionable insights and anticipate trends.
Aptitude for translating complex issues and ideas to general audience.
Demonstrated ability to navigate complex environments, exercise sound judgment, and maintain confidentiality.
Excellent analytical and organizational abilities, with a focus on maximizing efficiency within financial systems.
Effective interpersonal, verbal, and written communication skills to establish and maintain relationships at all organizational levels.
Collaborative work style with strong consultative skills, facilitating effective engagement with financial stakeholders.
Work independently and manage multiple projects and competing priorities with minimal supervision, while navigating financial systems.
Translate strategic objectives into operational plans, considering the financial landscape.
Work effectively under pressure, adapting to changes within financial systems.
Demonstrated ability to think strategically.
Develop and analyze alternative solutions and assist in making recommendations.
Work effectively and gracefully under considerable time pressure with competing deadlines and priorities in a fast-paced environment.

Responsibilities

Develops systems/procedures that are shared with departments to ensure integrity and internal financial controls of annual operating budget and annual gift/endowment use.
Reviews financial and clinical information; prepares daily, monthly, and ad-hoc reports including dashboards; provides analysis of financial statements, identifies variances from previous periods/budget; ensures policies/procedures to govern financial decision-making are followed to ensure achievement of objectives.
Responsible for financial management of IADFs, and the associated report out and monitoring of faculty start-ups. Uses this information to manage risk related to spending and identifies financial contingencies as it relates to long range financial planning.
Evaluates aspects of revenue generation including professional fees, charge capture and billing, regulatory compliance and offsite practice activities to ensure performance is to plan.
Manages external billing agreements, including but not limited to proforma development, monthly invoicing, monitoring overall financial health of agreement, and identifying financial risks or concerns to the Senior Director.
Manages and assists with tasks related to monthly close, including but not limited to journal entry, accrual preparation, and completing variance analyses.
Develops and integrates long/short-range strategies into daily operational and financial planning/reporting to ensure resources for strategic programs are available.
Performs analysis and interpretation of financial data, may mentor others on interpreting financial data.
Creates proforma business plans and serves as chief information source for external benchmarking and market assessments to facilitate physician recruitment. Works closely with Senior Director of Finance to ensure business plans are coordinated relative to mission, physician deployment, capital equipment, space, revenue and expense.
In collaboration with the Senior Director, leads the annual budgeting process and has 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 build accurate expense budgets including salary and non-wage expense.
Provides support in developing budget roll up and narrative, as well as identifying financial 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, existing faculty and 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 of financial information and assesses operational plans, forecasts and potential risks; evaluates and proposes alternative courses of action.
In partnership with the Senior Director, develops standard financial reporting deck for departments.
Provides financial guidance to section administrators, section chiefs, executive administrators, and Chair.
Manages/supervises staff; provides training, coaching, and mentoring in order to enable individual and team success.
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.