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:

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Preferred Qualifications

Education:

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

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