Senior Business Manager

University of Illinois Chicago•Peoria, IL

2d•Onsite

About The Position

This position manages advanced business responsibilities for the Department of Internal Medicine, budget development and assists in strategic fiscal planning. The Senior Business Manager executes business operations including but not limited to contracting, generation and distribution of financial & productivity reports, data analysis and providing business insights serving as a resource. The position works under the general supervision of the Internal Medicine Director of Administrative Operations.

Requirements

Bachelor’s degree in accountancy, business administration, management, or a closely related field.
OR Three (3) years (36 months) of work experience in accounting, business administration, fiscal management, or closely related experience.
OR A combination of such education and/or work experience above totaling three (3) years (36 months), as measured by the following conversion table or its proportional equivalent: 30 semester hours equals one (1) year (12 months) 60 semester hours or an Associate’s Degree equals eighteen months (18 months) 90 semester hours equals two (2) years (24 months)
AND Two (2) years (24 months) of work experience in accounting, business administration, financial operations, fiscal management, or closely related experience, including one (1) year (12 months) of which is at a supervisory or administrative level.
NOTE: A Master’s Degree in an area consistent with the duties of the position may be substituted for one (1) year (12 months) of work experience.

Nice To Haves

Demonstrated experience with clinical financial operations, including contract administration, billing processes, and provider productivity analysis.

Responsibilities

Oversees all Department of Internal Medicine contracts, including funded and non-funded agreements, ensuring compliance with contractual requirements and coverage provisions.
Coordinates the development, renewal, and modification of contracts by submitting required documentation and monitoring contract status throughout the approval process.
Updates contract exhibits, investigates budget variances, and manages approved contract modifications to ensure financial accuracy and compliance.
Ensures timely invoicing and payment processing for all contracts by preparing, submitting, and monitoring invoices and resolving payment-related issues.
Provides specialized financial and operational analysis, reporting, and recommendations related to departmental contracts, financial performance, and business operations.
Assists with monthly and quarterly reconciliations and monitors departmental financial activity to identify issues, evaluate trends, and recommend corrective actions when needed.
Monitors balances across all Department of Internal Medicine funds and supports the effective utilization of financial resources.
Prepares, analyzes, and presents monthly productivity and financial reports for all sections, including annual budget projections and ongoing expense monitoring.
Collects, organizes, and analyzes data to support the development and calculation of annual contract performance and incentive plans.
Processes and submits monthly variable compensation information to Payroll in accordance with established deadlines and guidelines.
Collaborates with the Director of Administrative Operations and Fiscal Affairs to address departmental questions related to financial data, reporting, and business operations, serving as a technical resource for department leadership and staff.
Partners with the Director of Administrative Operations on pre- and post-award grant financial analysis, budget monitoring, and strategic financial planning activities.
Recommends and implements improvements to financial processes, reporting methodologies, and operational procedures to enhance efficiency and effectiveness.
Assists in the development, communication, training, and implementation of departmental operational procedures and process improvements.
Perform other related duties and participate in special projects as assigned.