Director of Strategic Capital Finance Planning

University of Chicago Medicine • Chicago, IL

4d • Hybrid

About The Position

Join a world-class academic healthcare system, UChicago Medicine , as the Director of Strategic Capital Finance Planning responsible for providing strategic leadership and financial oversight for capital budgeting, planning, and project execution. This role reports to the Vice President of Budget and Financial Planning & Analysis and serves as a critical liaison between operational leadership, finance, supply chain, facilities, and regulatory bodies to ensure capital projects align with organizational goals, budgets, and compliance requirements. The Director leads the annual capital budget process, manages capital project financial performance, oversees construction and equipment acquisitions, directs regulatory compliance activities including Certificate of Need (CON) processes, and ensures robust financial controls and reporting in accordance with GAAP. This role is a flexible position with some flexibility to work from home, but is based at the Hyde Park campus in Hyde Park, IL with the expectation to be onsite 1-2 days per week. Who you are: A collaborative and innovative leader with a passion for improving clinical quality and patient safety and: Bachelor’s and/or Master’s degree in Finance, Economics, Business Administration, Healthcare Administration, or related field. At least 8 years of experience in capital budgeting, financial management, and project oversight within healthcare or complex organizations. In-depth knowledge of Certificate of Need (CON) processes and healthcare facility planning regulations, preferably in Illinois. Experience with construction project management, contract review, and competitive bidding processes. Strong analytical skills with the ability to forecast budget risks and manage financial performance proactively. Proven ability to lead cross-functional teams and build collaborative relationships with senior leadership and operational managers. Excellent communication and presentation skills for reporting to executive committees and regulatory bodies. Ability to work independently and manage multiple priorities in a dynamic environment. Financial analysis and forecasting. Budget development and management. Regulatory compliance and reporting. Contract and project management. Cross-functional collaboration and leadership. Effective communication and presentation. What you’ll do as the Director of Strategic Capital Finance Planning: Lead the annual capital budget process: develop request forms, evaluate and justify departmental requests, and prepare summary reports and cash flow forecasts. Develop multi-year capital budget plans through the annual prioritization process, ensuring alignment with projected capital funding availability established through the operational budget process. Develop and implement controls to ensure capital budgets are not exceeded, including asset acquisition/purchasing processes, spend monitoring, forecasting, and ongoing financial status reporting for large, complex multi-year projects. Oversee maintenance of financial systems and procedures for accurate authorization and recording of commitments and disbursements related to capital. Manage general ledger activities including month-end and year-end close oversight of subsystems, reconciliation, journal entries, and reporting related to cash, investments, capital assets, and liabilities. Liaise with Foundations and Auxiliaries regarding donation commitments and billing for expenditures Foster collaborative working relationships between supply chain, capital construction, Information Technology, Accounting, and Decision Support teams. Facilitate updates to the organization’s 5-year capital plan in collaboration with CFOs, supply chain, IT, construction management, and other key stakeholders. Lead the development, submission, and defense of CON applications to the Illinois Health Facilities and Services Review Board. Serve as the primary contact for regulatory agencies regarding capital project approvals, reporting, and compliance. Provide regular reporting on capital asset management and capital project health to senior leadership and the Board, ensuring compliance with GAAP and organizational policies. Collaborate with Accounting on fixed asset recognition for project in-service dates. Provide leadership, direction, and coordination as liaison with internal and external resources for Capital Planning. Identify issues, research and analyze information, collaborate with partners, and recommend effective resolutions to support timely executive decisions. E4 Leadership (Equity, Engage, Evolve, Excel) is a patient centered management system that empowers teams to improve on a daily basis. This is done through daily readiness huddles, real time process monitoring, performance review huddles and structured problem solving. E4 Leadership is an evolving system where leaders work together to cultivate a culture of equity and continuous improvement that enables: Each person to realize their full potential for contribution The organization to achieve high performance outcomes System-wide integration, coordination, and seamless execution Clear focus on exceptional, equitable patient care and experiences. As part of the leadership team, this position will be instrumental in reinforcing and sustaining UCM’s E4 Leadership Culture. Why Join Us We’ve been at the forefront of medicine since 1899. We provide superior healthcare with compassion, always mindful that each patient is a person, an individual. To accomplish this, we need employees with passion, talent and commitment… with patients and with each other. We’re in this together: working to advance medical innovation, serve the health needs of the community, and move our collective knowledge forward. If you’d like to add enriching human life to your profile, UChicago Medicine is for you. Here at the forefront, we’re doing work that really matters. Join us. Bring your passion. UChicago Medicine is growing; discover how you can be a part of this pursuit of excellence at: UChicago Medicine Career Opportunities UChicago Medicine is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, ethnicity, ancestry, sex, sexual orientation, gender identity, marital status, civil union status, parental status, religion, national origin, age, disability, veteran status and other legally protected characteristics. As a condition of employment, all employees are required to complete a pre-employment physical, background check, drug screening, and comply with the flu vaccination requirements prior to hire. Medical and religious exemptions will be considered for flu vaccination consistent with applicable law. Compensation & Benefits Overview UChicago Medicine is committed to transparency in compensation and benefits. The pay range provided reflects the anticipated wage or salary reasonably expected to be offered for the position. The pay range is based on a full-time equivalent (1.0 FTE) and is reflective of current market data, reviewed on an annual basis. Compensation offered at the time of hire will vary based on candidate qualifications and experience and organizational considerations, such as internal equity. Pay ranges for employees subject to Collective Bargaining Agreements are negotiated by the medical center and their respective union. Review the full complement of benefit options for eligible roles at Benefits - UChicago Medicine .

Requirements

• Bachelor’s and/or Master’s degree in Finance, Economics, Business Administration, Healthcare Administration, or related field.
• At least 8 years of experience in capital budgeting, financial management, and project oversight within healthcare or complex organizations.
• In-depth knowledge of Certificate of Need (CON) processes and healthcare facility planning regulations, preferably in Illinois.
• Experience with construction project management, contract review, and competitive bidding processes.
• Strong analytical skills with the ability to forecast budget risks and manage financial performance proactively.
• Proven ability to lead cross-functional teams and build collaborative relationships with senior leadership and operational managers.
• Excellent communication and presentation skills for reporting to executive committees and regulatory bodies.
• Ability to work independently and manage multiple priorities in a dynamic environment.
• Financial analysis and forecasting.
• Budget development and management.
• Regulatory compliance and reporting.
• Contract and project management.
• Cross-functional collaboration and leadership.
• Effective communication and presentation.

Responsibilities

• Lead the annual capital budget process: develop request forms, evaluate and justify departmental requests, and prepare summary reports and cash flow forecasts.
• Develop multi-year capital budget plans through the annual prioritization process, ensuring alignment with projected capital funding availability established through the operational budget process.
• Develop and implement controls to ensure capital budgets are not exceeded, including asset acquisition/purchasing processes, spend monitoring, forecasting, and ongoing financial status reporting for large, complex multi-year projects.
• Oversee maintenance of financial systems and procedures for accurate authorization and recording of commitments and disbursements related to capital.
• Manage general ledger activities including month-end and year-end close oversight of subsystems, reconciliation, journal entries, and reporting related to cash, investments, capital assets, and liabilities.
• Liaise with Foundations and Auxiliaries regarding donation commitments and billing for expenditures
• Foster collaborative working relationships between supply chain, capital construction, Information Technology, Accounting, and Decision Support teams.
• Facilitate updates to the organization’s 5-year capital plan in collaboration with CFOs, supply chain, IT, construction management, and other key stakeholders.
• Lead the development, submission, and defense of CON applications to the Illinois Health Facilities and Services Review Board.
• Serve as the primary contact for regulatory agencies regarding capital project approvals, reporting, and compliance.
• Provide regular reporting on capital asset management and capital project health to senior leadership and the Board, ensuring compliance with GAAP and organizational policies.
• Collaborate with Accounting on fixed asset recognition for project in-service dates.
• Provide leadership, direction, and coordination as liaison with internal and external resources for Capital Planning.
• Identify issues, research and analyze information, collaborate with partners, and recommend effective resolutions to support timely executive decisions.
• As part of the leadership team, this position will be instrumental in reinforcing and sustaining UCM’s E4 Leadership Culture.

Benefits

• UChicago Medicine is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, ethnicity, ancestry, sex, sexual orientation, gender identity, marital status, civil union status, parental status, religion, national origin, age, disability, veteran status and other legally protected characteristics.
• As a condition of employment, all employees are required to complete a pre-employment physical, background check, drug screening, and comply with the flu vaccination requirements prior to hire. Medical and religious exemptions will be considered for flu vaccination consistent with applicable law.
• UChicago Medicine is committed to transparency in compensation and benefits.
• Review the full complement of benefit options for eligible roles at Benefits - UChicago Medicine

What This Job Offers

• Job Type: Full-time
• Career Level: Director