Finance Manager

Details

Posted: 10-May-23

Location: Chicago, Illinois

Type: Full-time

Salary: Open

Categories:

Project/Program Management/Planning
Staff/Administrative

Internal Number: JR21887

Location: Chicago, IL

Job Description:

Project Management:

• Internal consultant for financial, professional fee billing, physician workforce planning, healthcare operations and project management.

• Has full accountability for managing projects that may span multiple functional areas. 

• Plans projects, including estimating, scheduling, coordinating and assigning resources.

• Develops contingency plans and escalates problems as they arise and recommends solutions/alternatives. 

• Directs activities and monitors project results to ensure timely completion of deliverables that meet objectives. 

• Manages budget and cost reporting throughout a project.

• Acts as a liaison with clients and leadership providing communication and status regarding progress of projects. 

Strategy and Decision Support:

• Integrates long/short-range strategies into daily operational and financial planning/reporting to ensure resources for strategic programs are available.

• Creates cost accounting and decision support systems to ensure access to critical financial and operational data.

• Performs analysis and interpretation of financial data.

• Creates proforma business plans and serves as chief information source for external benchmarking and market assessments to facilitate physician recruitment, works closely with Sr. Director of Finance to ensure business plans are coordinated relative to mission, physician deployment, capital equipment, space, revenue and expense.

• Communicates financial plans/strategies to UCM senior management, staff and physicians; tracks and reports on progress towards Departmental and Enterprise goals. 

Revenue/Expense Management and Financial Reporting:

• Develops systems/procedures to ensure integrity and internal financial controls of $100M+ annual operating budget, $10M+ annual federal/non-federal grant portfolio, $10.5M annual gift/endowment use for 125+ Faculty surgeons and 125 residents and fellows.

• Reviews financial and clinical information; prepares daily, monthly, and ad-hoc reports including dashboards; provides analysis of financial statements, identifies variances from previous periods/budget; ensures policies/procedures to govern financial decision making are followed to ensure achievement of objectives.

• Monitors aspects of revenue generation including professional fees, charge capture and billing, regulatory compliance and offsite practice activities.

• Performs financial and clinical data analysis using internal data (eSimon, UCPG, FAS, and other sources) and published benchmarking (Sullivan Cotter, MGMA, AAMC, CPSC) to develop strategies and reporting to improve physician and departmental performance.

Optimizing Results:

• Designs and manages physician compensation programs and tracks financial, wRVU, payor mix, case volume, research, academic and teaching targets for Section Leadership, existing faculty and new physician recruits.

• Reports on productivity measures and monitors progress, identifies opportunities to streamline financial operations through best practices; monitors productivity, charge capture, revenue and expenses vs benchmarks to identify opportunities for expense reduction or productivity improvement.

• Analyzes and interprets financial information and assesses operational plans, forecasts and potential risks; evaluates alternative courses of action.

Other:

• Works independently to maintain and support the planning and execution of financial strategy.

• Acts as a resource for team members, solves complex problems. Explains complex and sensitive information.

• Performs other related work as needed.

Preferred Qualifications

Education:

• Advanced degree in accounting, finance, business, or healthcare management.

Preferred Competencies

• Extensive knowledge of physician practice operations, financial concepts, spreadsheet programs, presentation and word processing programs.

• Demonstrated ability and skills in effective verbal, written and presentation skills.

• Strong interpersonal skills which allow the candidate to collaborate effectively with diverse staff and management groups in a complex organization.

• High level of organization and planning and critical thinking skills.

Application Documents

• Resume (required)

• Cover Letter (required)

The University of Chicago is an Affirmative Action/Equal Opportunity/Disabled/Veterans Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national or ethnic origin, age, status as an individual with a disability, protected veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.

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

The University of Chicago's Annual Security & Fire Safety Report (Report) provides information about University offices and programs that provide safety support, crime and fire statistics, emergency response and communications plans, and other policies and information. The Report can be accessed online at: securityreport.uchicago.edu. Paper copies of the Report are available, upon request, from the University of Chicago Police Department, 850 E. 61st Street, Chicago, IL 60637.

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