Director of Budget and Financial Reporting

UIC; Chicago (IL); On-site; USD 162,000 - 200,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Life insurance

Retirement plan

Paid time off

Tuition waivers

Job summary

UI Health in Chicago, IL seeks a Director of Budget and Financial Reporting to lead operating and capital budgets, financial reporting, and long-range planning in a complex academic medical center.

The role serves as a trusted financial advisor to executive leadership, clinical and administrative leaders, and University partners, ensuring transparency and accountability across the enterprise.

Qualifications

• Bachelor’s degree in Finance, Accounting, or related field.
• 7+ years in healthcare finance or budgeting.
• Experience managing complex budgets in large organizations.
• Strong analytical and communication skills.
• Experience supervising professional staff.

Responsibilities

• Lead the annual operating and capital budget process for the hospital and affiliated entities.
• Develop budget assumptions, guidance, timelines, and standardized methodologies.
• Review departmental budget submissions for accuracy and alignment with institutional priorities.
• Partner with leadership to evaluate staffing, clinical, academic, and capital initiatives.
• Monitor budget performance and provide variance analysis and forecasts.

Skills

Strong analytical skills

Excellent communication

Staff supervision

Education

Bachelor's degree in Finance, Accounting, Business Administration, or related field

Master’s degree in Business Administration, Healthcare Administration, Finance, or Accounting

Job description

Director of Budget and Financial Reporting

Chicago, IL, United States

Director of Budget and Financial Reporting

SEARCH EXTENDED - NOVEMBER 27, 2026

Hiring Department: Finance

Location: Chicago, IL USA

Salary: The salary range ofemployees currently holding equivalent position is $162,154 - $200,298.

About the University of Illinois Hospital & Health Sciences System (UI Health) provides comprehensive care, education, and research to the people of Illinois and beyond. UI Health comprises a clinical enterprise that includes a Joint Commission-accredited tertiary care hospital and outpatient clinics, and the Mile Square Health Center network of federally qualified health centers. It also includes the seven UIC health science colleges: the College of Applied Health Sciences; the College of Dentistry; the School of Public Health; the Jane Addams College of Social Work; and the Colleges of Medicine, Pharmacy, and Nursing, including regional campuses in Peoria, Quad Cities, Rockford, Springfield, and Urbana. UI Health is dedicated to the pursuit of health equity. Learn more: https://hospital.uillinois.edu/about-ui-health

This position is intended to be eligible for benefits . This includes Health, Dental, Vision, LifeInsurance, a Retirement Plan, Paid time Off, and Tuition waivers for employees and dependents.

Description:

Position Summary
The Director of Budget and Financial Reporting is a seniorAcademic Professional responsible for leading the development, integration, andoversight of the University of Illinois Hospital and Health Sciences Systemoperating and capital budgets, financial reporting, and long-range financialplanning activities. Reporting within the Finance leadership structure, thisrole serves as a key financial advisor to executive leadership, clinical andadministrative leaders, and University partners.
The Director plays a critical role in ensuring financialtransparency, stewardship of public resources, and alignment betweeninstitutional strategy, operational performance, and University reportingrequirements within a complex academic medical center environment.

Duties & Responsibilities

Budget Development and Financial Planning

• Lead the annual operating and capital budget process for thehospital and affiliated entities
• Develop budget assumptions, guidance, timelines, andstandardized methodologies
• Review departmental budget submissions for accuracy andalignment with institutional priorities
• Partner with leadership to evaluate staffing, clinical,academic, and capital initiatives
• Monitor budget performance and provide variance analysis andforecasts

Financial Reporting and Stewardship

• Oversee preparation of monthly, quarterly, and annualfinancial reports
• Ensure compliance with accounting standards, Universitypolicies, and regulations
• Translate financial results into clear executive levelnarratives
• Support audits and promote transparency and accountability

Strategic and Long Range Financial Analysis

• Support multiyear financial forecasts and long range plans
• Analyze financial impacts of strategic initiatives andregulatory changes

Leadership and Collaboration

• Lead and develop professional staff
• Serve as a trusted advisor to leadership
• Collaborate with University finance partners and College ofMedicine leadership
• Perform other related duties and participate in specialprojects as assigned.

Qualifications:

Minimum Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration, or related field.
• Seven or more years of progressive experience in healthcare finance or budgeting.
• Experience managing complex budgets in large organizations.
• Strong analytical and communication skills.
• Experience supervising professional staff.

Preferred Qualifications

• Master’s degree in Business Administration, Healthcare Administration, Finance, or Accounting.
  CPA, CMA, or similar certification.
• Experience in an academic medical center or public healthcare environment.
• Knowledge of hospital reimbursement and funds flow models.

The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit Required Employment Notices and Posters to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, and employment eligibility review through E-Verify.

Artificial Intelligence (AI) tools may be used in some portions of the candidate review process for this position, however, all employment decisions will be made by a person.

The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit Required Employment Notices and Posters to view our non-discrimination statement and find additional information about required background checks, covid sexual harassment/misconduct disclosures, and employment eligibility review through E-Verify.

Artificial Intelligence (AI) tools may be used in some portions of the candidate review process for this position, however, all employment decisions will be made by a person.