Director of Strategic Capital Finance Planning

UChicago Medicine•Chicago, IL

7d•Hybrid

About The Position

Join a world-class academic healthcare system, UChicago Medicine, as the Director of Strategic Capital Finance Planning. This role is responsible for providing strategic leadership and financial oversight for capital budgeting, planning, and project execution. The Director will lead the annual capital budget process, manage capital project financial performance, oversee construction and equipment acquisitions, direct regulatory compliance activities including Certificate of Need (CON) processes, and ensure robust financial controls and reporting in accordance with GAAP. The position 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. 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. As part of the leadership team, this position will also be instrumental in reinforcing and sustaining UCM’s E4 Leadership Culture, a patient-centered management system focused on equity, engagement, evolution, and excellence through daily readiness huddles, real-time process monitoring, performance review huddles, and structured problem-solving.

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.