Senior Director, Financial Planning, Faculty Practice

University of Chicago

1d • $175,000 - $230,000

About The Position

The Senior Director, Financial Planning & Analytics, Faculty Practice (UCFP) leads and oversees several key functions supporting financial sustainability, growth, and strategic alignment of the University of Chicago Faculty Practice and the larger Biological Sciences Division. The role is responsible for complex and sophisticated planning and analysis related to physician recruitment, workforce planning, compensation plan design, and business development across the faculty practice. Reporting to the Chief Administrative Officer of the Faculty Practice and the Assistant Dean of Finance, Financial Planning & Analysis, this position plays a central role in faculty and physician and other provider compensation planning and governance, including productivity analysis, incentive design, policy development, and ongoing monitoring of compensation alignment. Responsibilities also include business plan development, decision support, physician compensation planning and productivity analysis, clinical performance reporting, physician recruitment planning, and maintenance of productivity and compensation benchmarks for the BSD. The role will manage a team of financial administrators across several areas, and serves as a key partner to clinical, operational, and finance leadership.

Requirements

• Minimum requirements include a college or university degree in related field.
• Minimum requirements include knowledge and skills developed through 7+ years of work experience in a related job discipline.
• Knowledge of financial computing and database software applications.
• Knowledge of various financial principles, practices, and applications including budgeting, financial planning, and financial reporting.
• Experience with accounting systems and budget systems required
• Proficiency with Microsoft Office (Word, Excel, PowerPoint).
• Financial modeling experience.
• Strong interpersonal, verbal, and written communication skills.
• Ability to establish and maintain relationships at all organizational levels.
• Ability to lead with exceptional adaptability and agility, including responding to evolving priorities and strategic shifts proactively while embracing change and transformation.
• Proven ability to synthesize complex issues for management.
• Demonstrated time management ability to deliver high-integrity products within established deadlines.
• Ability to be a proactive and assertive problem-solver.
• Strong upward and downward management skills.
• Prior direct supervisory experience.

Nice To Haves

• Healthcare experience.
• Experience leading financial planning and budget processes.

Responsibilities

• Leads the enterprise-wide faculty, physician, and provider workforce planning, recruitment, financial modeling, and compensation analytics on behalf of the BSD and Faculty Practice (UCFP).
• Serves as a primary financial and analytical partner to the Departments for compensation planning, including: Development, evaluation, and ongoing refinement of faculty and provider compensation plans; Review and analyze productivity-based and supplemental incentive programs and associated requests for compensation and incentive payments; Monitoring of compensation alignment with productivity, market benchmarks, and institutional policy; Partnering with faculty and administrative leaders to interpret productivity and compensation data, supporting informed decision-making around recruitment, retention, and resource allocation; Other evolving needs that arise in a complex academic medical center environment.
• Drives organizational transformation by identifying, establishing, and promoting the best use of data analytics to deliver strategic objectives that have enterprise-wide impact, including access, growth, workforce optimization, and financial performance.
• Leads and supports the development, documentation, and implementation of policies and governance frameworks related to physician compensation and incentives, in partnership with UCFP leadership, BSD Finance, and legal/compliance teams.
• Partners with departments to prepare quarterly UCFP department reviews of financial, recruitment, productivity, compensation, clinical volumes and other key metrics for presentation to BSD and hospital leadership in effort to propel informed, strategic, and high-impact decision-making in both the short and long term.
• Strengthens alignment between Service Delivery Units, departments and central financial planning. Allocates effort to long term problem solving on top of daily operations of the department.
• Creates financial proformas for evaluation of practice acquisitions, program expansions, and new clinical or academic business opportunities across the BSD and faculty practice.
• Serves as the lead BSD finance representative working in partnership with the Strategy and Analytics team for the development of enterprise-level financial planning and long-range projections impacting achieving the goals set for in Elevate 2035, the ten-year strategic plan.
• Translates complex quantitative and financial information into clear, executive-ready presentations and reports. Summarizes and communicates key analytics fundings to all levels of management.
• Leads and assists with education and development of skill sets in data analysis. Engages with and leverages AI tools to optimize financial work flows, analysis, and decision making.
• Evaluates locally negotiated contracts with Clinical partners to modernize processes, standardize negotiated elements, and enhance both transparency of setting contract terms and negotiated payments, and ultimately standardize processes for management and oversight of the portfolio.
• Works closely with Medical Center and University decision support groups to integrate clinical, financial, and productivity analytics across systems in order to drive actionable insights for enterprise-wide performance. Leverages analytics to identify clinical and operational improvement opportunities. Promotes and fosters evidence-based and financially sustainable practice models.
• Supervises a team of financial analysts responsible for compensation plan modeling and updates, incentive analyses, financial planning pro formas, variance analysis, recruitment database support, and other ad hoc reporting. Champions an information-based culture that supports transparency, accountability and continuous improvement across the faculty practice. Supervision of staff assigned to projects.
• Manages financial staff through subordinates, usually other managers and professional staff. Establishes performance goals, allocates resources and assesses policies for the related departments managed. Executes functional business plans and contributes to the development of financial goals, strategies, plans, and policies for the unit.
• Performs other related work as needed.

Benefits

• The University of Chicago offers a wide range of benefits programs and resources for eligible employees, including health, retirement, and paid time off.
• Information about the benefit offerings can be found in the Benefits Guidebook.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees