Director, Financial Analysis And Reporting

Department

BSD AFA - Accounting and Financial Analysis

About the Department

The Finance Office is a unit within the Dean's Office. This team works closely with the UCMC and University finance offices, the departments' management and finance team, other Dean's Office management and staff, and operational leaders across the enterprise.

Job Summary

The Director of Financial Analysis and Reporting is responsible for ensuring timely and comprehensive management of funds flow payments, roles and support agreements across the organizations. Candidate will oversee the timing of realizing the related commitments and obligations, coordination of needed accounting, ensuring data is well maintained and easily accessible. This role will report to the Assistant Dean and Executive Director of Finance for the Biological Sciences (BSD) and the Department of Finance for the University of Chicago Medical Center.

As such, the Director of Financial Analysis and Reporting is responsible for managing the transactions between UCM and the Biological Sciences Division including maintaining documentation of agreements, tracking funds flow payments as well as overseeing the coordination of negotiations for changes to payment rates for funds flow, roles and other purchased services.

This position also maintains University, BSD and Department Commitments and Roles related for faculty. These include but are not limited to commitments made for faculty members start-up, retention, bridge support, new responsibly, etc.

In addition to overseeing the agreements and transactions stated above, the role will also develop a system to manage and maintain Faculty effort to support generation of mission-based reporting and optimizing operations including helping develop analytic models and improve operational models to help drive desired strategic outcomes, enhance transparency and accountability as well as assist in executing needed changes to advance these strategies.

Responsibilities

• Oversee all elements of the funds flow agreement including but not limited to monitoring expenses, documentation of agreements, analysis and modeling, preparing annual increase recommendations, investigating national best practices, etc.

• Engage with operational and financial leaders to facilitate flow of information and optimize structure and transparency of financial agreements.

• Responsible for confirmed authorization, accurate calculation, and timely and complete reporting of all clinical funds transfers to all departments and divisions

• Collaborates on substantial projects or major new initiatives with multiple departments and participates in strategic planning of healthcare decision support across the enterprise including various outreach initiatives and impact of agreements. Oversees the implementation of new initiatives or processes.

• Evaluates functionality and quality of business operations and analytics and decision support findings from an operational and strategic standpoint. Ensures that best practices, advanced metrics, and business analytical tools are designed to meet the needs of the enterprise, properly utilized and functioning optimally to support sound decision-making. Designs and oversees development of reporting for funds flow for various aspects of the organization.

• Formalize systems to monitor financial data related to these key areas and help identify standard processes for management of data. Work in partnership with Assistant Dean for Strategy and Analytics to build out of A360 to encompass funds flow, related role information, commitments, and effort management.

• Ensures financial and operational planning, and analysis projects are conducted credibly, and that recommendations and reports are accurate and timely.

• Provides leadership on accounting transactions, collecting and analyzing accounting data, analyzing business results, and/or developing management reports.

• Oversees the development and implements accounting policies and controls, fiscal controls, preparing financial reports and safeguarding assets. Approves and implements procedures for improved operations.

• Performs other related work as needed.

Minimum Qualifications

Education:

Minimum requirements include a college or university degree in related field.

Work Experience:

Minimum requirements include knowledge and skills developed through 10+ years of work experience in a related job discipline.

Certifications:

• --

Preferred Qualifications

Education:

• MHA, MBA or other Master's degree related field strongly preferred.

Experience:

• Experience in complex Health Care system.

• Experience supervising staff.

• Experience including a mix of supervisory experience, quality improvement, project management or process improvement strongly preferred.

• Experience with multi-faceted data analysis and reporting experience.

• Experience with an Academic Medical Center or other complex environment strongly preferred.

Licenses and Certifications:

• CPA/CFA certification may substitute for advanced college or university degree.

Preferred Competencies

• Thorough knowledge of healthcare decision support systems and best practices, as well as clinical finance and cost accounting principles.

• Excellent skills in developing strategic plans, evaluating and developing staff competencies, organizing operations, and fiscal management.

• Excellent leadership skills, with the ability to create and maintain a goal-oriented climate of teamwork and collaboration across departments for effective problem solving, conflict resolution, support for organizational values, and consistent achievement of objectives.

• Excellent critical-thinking and business process skills, with the ability to implement effective solutions.

• Advanced skills to educate management and tailor decision support objectives and goals to meet a broad variety of needs.

• Excellent interpersonal and communications skills. Excellent ability to motivate, influence, and persuade others, and cultivate a strong commitment to efficiency, functionality, and quality customer service.

• Knowledge of clinical, financial, and business information technology software, hardware, tools, techniques, and systems.

Working Conditions

• Office setting.

• Ability to stand and sit for extended periods.

Application Documents

• Resume (required)

• Cover Letter (preferred)

When applying, the document(s) MUST be uploaded via the My Experience page, in the section titled Application Documents of the application.

Job Family

Financial Management

Role Impact

People Manager

Scheduled Weekly Hours

40

Drug Test Required

No

Health Screen Required

No

Motor Vehicle Record Inquiry Required

No

Pay Rate Type

Salary

FLSA Status

Exempt

Pay Range

$170,000.00 - $240,000.00

The included pay rate or range represents the University's good faith estimate of the possible compensation offer for this role at the time of posting.

Benefits Eligible

Yes

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.

Posting Statement

The University of Chicago is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, or expression, national or ethnic origin, shared ancestry, age, status as an individual with a disability, military or veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.

Job seekers in need of a reasonable accommodation to complete the application process should call 773-702-5800 or submit a request via Applicant Inquiry Form.

All offers of employment are contingent upon a background check that includes a review of conviction history. A conviction does not automatically preclude University employment. Rather, the University considers conviction information on a case-by-case basis and assesses the nature of the offense, the circumstances surrounding it, the proximity in time of the conviction, and its relevance to the position.

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