Director of Budget and Financial Reporting

University of Illinois Chicago•Chicago, IL

8d•Onsite

About The Position

The Director of Budget and Financial Reporting is a senior Academic Professional responsible for leading the development, integration, and oversight of the University of Illinois Hospital and Health Sciences System operating and capital budgets, financial reporting, and long-range financial planning. Reporting within the Finance leadership structure, the Director serves as a key financial advisor to executive leadership, clinical and administrative leaders, and University partners. The role supports financial transparency, stewardship of public resources, and alignment between institutional strategy, operational performance, and University reporting requirements in a complex academic medical center environment. UI Health provides comprehensive care, education, and research. It includes a tertiary care hospital, outpatient clinics, the Mile Square Health Center network, and seven UIC health science colleges. The position is based in Chicago, Illinois, and is intended to be eligible for benefits including health, dental, vision, life insurance, a retirement plan, paid time off, and tuition waivers for employees and dependents.

Requirements

Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
Seven or more years of progressive experience in healthcare finance or budgeting.
Experience managing complex budgets in large organizations.
Strong analytical and communication skills.
Experience supervising professional staff.

Nice To Haves

Master’s degree in Business Administration, Healthcare Administration, Finance, or Accounting.
CPA, CMA, or similar certification.
Experience in an academic medical center or public healthcare environment.
Knowledge of hospital reimbursement and funds flow models.

Responsibilities

Lead the annual operating and capital budget process for the hospital and affiliated entities.
Develop budget assumptions, guidance, timelines, and standardized methodologies.
Review departmental budget submissions for accuracy and alignment with institutional priorities.
Partner with leadership to evaluate staffing, clinical, academic, and capital initiatives.
Monitor budget performance and provide variance analysis and forecasts.
Oversee preparation of monthly, quarterly, and annual financial reports.
Ensure compliance with accounting standards, University policies, and regulations.
Translate financial results into clear executive-level narratives.
Support audits and promote transparency and accountability.
Support multiyear financial forecasts and long-range plans.
Analyze financial impacts of strategic initiatives and regulatory changes.
Lead and develop professional staff.
Serve as a trusted advisor to leadership.
Collaborate with University finance partners and College of Medicine leadership.
Perform other related duties and participate in special projects as assigned.