Job Description

Job Description:

• Participates in the annual operating and clinical revenue budget processes, working in collaboration with Department Director of Finance along with BSD Finance and Budgeting.

• Under direction of Department Director of Finance, provides monthly accruals and budget variance, including variance summaries and explanations.

• As directed, oversees the production and maintenance of the monthly financial statements, reports, and clinical revenue trends.

• Liaison with Research Administration and Clinical Trials teams to reconcile research accounts, including grant accounts, effort reporting, and cost transfers.

• Responsible for gift and endowment accounts.

• High proficiency in financial modeling and analysis, budgeting, Microsoft Office â“ especially Excel, and business systems (Oracle, SAP/BW, Workday as examples).

• Under direction of Director of Finance, participates in the development, monitoring, and evaluation of a consolidated annual and intermediate (typically three to five year) budget plan and budget process for a unit, as well as actual performance against budget.

• Monitoring financial statements, effort activity reports, financial position forecasts, and/or reports required by department.

• Ensure accuracy and compliance of financial results by identifying and processing journal entries and payroll transfers, when necessary.

• Performs Accounts Payable and Accounts Receivable tasks to ensure timely and accurate payment of invoices and billing.

• Responsible for monitoring and approving expense reimbursements.

• Monitors financial statements by reviewing reports and accounting records to determine if allocated funds have been spent as specified.

• Reporting/analysis for the Department of Obstetrics and Gynecology, including report generation, analysis, projections, and verification of accuracy of financial information.

• Complete ad hoc reporting/analysis and miscellaneous other tasks as needed.

• Ad hoc reporting/financial analysis as needed by Sr. Director of Finance.

• Assist in perform closing tasks and prepare entries required for booking revenue/expense.

• Perform variance analysis on key revenue and expense lines and provide reasons/narrative on a monthly basis.

• Provides professional support as a primary account administrator for account owners in an intensive customer service environment.

• Analyzes and prepares budgets, creates accounts, and works with the financial accounting system to allocate, authorize, monitor, and control expenses.

• Prepares monthly reports, conducts and correct errors in accounts using existing procedures that are in place, and provides advice on the financial impact of human resources and academic affairs decisions.

• May work with other administrators on the procurement process, allocates expenditures for authorization, and advises in communications regarding funding agencies, subcontractors, and others at the instruction and direction of others.

• Performs other related work as needed.

Preferred Qualifications

Education:

• Bachelorâ™s degree in finance, accounting, business administration, or a related field of study.

Experience:

• Background in a university, school of medicine, or academic medical center.

• Prior experience monitoring and managing physician compensation plans.

• Prior experience creating annual budgets.

• Prior experience monitoring and managing monthly expenses.

• Experience working with grant/clinical trial contracts strongly preferred.

Preferred Competencies

• Expert knowledge of accounting principles.

• Healthcare finance background needed.

• Understanding of healthcare financials terms.

• Intermediate to expert level experience needed using Microsoft excel, Microsoft access, and pivot tables.

• Ability to develop proformas.

• Strong financial modeling and benchmarking skills.

• Knowledge of and skill in applying budgeting and financial policies and developing related internal and regulatory controls.

• Ability to present relevant details to decision makers and operational managers and establish a cadence in reporting.

• Ability to interact across the organization at all levels to insure a complete understanding of any significant financial or statistical reporting, such as budget variances.

• Ability to understand and proactively seek interdependences in processes, analyze and propose ways to improve.

• Demonstrated ability to think strategically and independently to develop and evaluate options translating findings into operational objectives.

• Knowledge of process improvement concepts.

• Knowledge of financial principles, practices, and applications including budgeting, financial planning, and financial reporting.

Working Conditions

• Office Environment.

• Work: On-site; potential for hybrid following completion of training and if in good standing.

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.

About University of Chicago (UC)

One of the world's premier academic and research institutions, the University of Chicago has driven new ways of thinking since our 1890 founding. Today, UChicago is an intellectual destination that draws inspired scholars to our Hyde Park and international campuses, keeping UChicago at the nexus of ideas that challenge and change the world.

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