Manager, Finance Service Delivery Unit Clinical Departments

University of Chicago; Chicago (IL); On-site; USD 110,000 - 170,000; Full time

Job summary

The University of Chicago is seeking a highly experienced Finance Manager to oversee budgeting, forecasting, and financial strategy within the BSD/Department of Finance. The role collaborates with senior leadership to develop operating and capital budgets, monitor performance, and drive financial efficiency across divisions.

Qualified candidates bring an MBA or advanced degree in accounting/finance and 5+ years of related experience in budgeting, forecasting, and financial analysis.

Qualifications

• Bachelor-level financial acumen with 5+ years in budgeting/finance.
• Experience building pro forma models and dashboards.
• Ability to translate complex financial data for leadership.

Responsibilities

• Develops and oversees annual operating and capital budgets for divisions and units.
• Performs financial analysis, variance reporting, and forecasting to support strategic goals.
• Monitors revenue, expenses, and compliance with budget provisions.
• Supports physician compensation programs and related financial planning.

Skills

Budgeting

Financial analysis

Forecasting

Reporting

Leadership

Education

MBA or advanced degree in accounting/finance

Tools

eSimon

Oracle

Job description

About The Department

The University of Chicago biomedical enterprise houses three entities: the Biological Sciences Division (BSD), the University of Chicago Medicine (UCM), and the Pritzker School of Medicine. Collectively called UCM, we are one of the nation's leading academic medical institutions and have been at the forefront of discovery, education, and clinical care since 1927. Located 20 minutes south of downtown Chicago, our Hyde Park main campus provides a single environment for learning, world‑renowned basic science and clinical research, and outstanding clinical care.

Department

BSD AFA - Accounting

Values

• Commit to Excellence: We contribute our exceptional talents to all we do and empower the same spirit of excellence in others.
• Embrace Curiosity: We stay open to new ideas, champion diverse perspectives, and drive a culture of thoughtful risk‑taking to deliver transformative innovation.
• Embody Equity: We identify systemic issues and then foster change to drive a more equitable environment inclusive of diverse people, ideas, and fields of science.
• Grow Together: We meaningfully collaborate with one another to create something bigger than we could ever achieve alone.
• Make a Difference: We lead with heart and compassion in all our interactions. We create positive change in our areas of influence, whether expanding scientific inquiry, developing the next generation of leaders, or healing our community.
• Take Ownership: We accomplish what we say we will and hold ourselves and one another accountable for our actions.

The MVV serves as our True North, charting our strategic plan for the next ten years and beyond. It is an exciting time to be a part of the University of Chicago and the BSD. Our team is helping to shape the future for our learners, staff, faculty, patients, and community.

Job Summary

Serves as a resource for operational units on financial, budget, clinical strategy, physician productivity and Faculty Compensation Plan issues. Collaborates with Executive Administrator, Senior Director, Finance Service Delivery and departmental leadership team to develop and implement strategic initiatives for the Department. Prepares and advises others on operating budget for department. Provides project management and analytical support for special projects. Consolidates Section budgets into departmental operating and capital budget submissions and surfaces/addresses issues for Executive Leadership. Assists department leaders in analyzing proposals and developing proforma business plans. Regularly monitors operating budget reports and accounting records to determine if professional fee revenue and expenses materialize according to plan. Responsible for monitoring and approving expense reimbursements. Reports on variances between the approved budget and actual performance and recommends remediation measures. Ensures accuracy and compliance with financial results by identifying and processing journal entries and payroll transfers, when necessary. Assists with assessment of efficiency and effectiveness of programs and procedures to ensure conformance with budgetary provisions.

This role manages operating and capital budgets for divisions and/or University-wide administrative units. Helps develop long and short term financial goals, business strategies/plans, and financial forecasts/models for major service programs and initiatives. Manages quarterly and year-end reporting for the operating budget.

Responsibilities

• Develops systems/procedures to ensure integrity and internal financial controls of annual operating budget and annual gift/endowment use.
• 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.
• Responsible for financial management of IADFs, and the associated report out and monitoring of faculty start-ups. The finance manager uses this information to identify financial contingencies as it relates to long range financial planning.
• Monitors aspects of revenue generation including professional fees, charge capture and billing, regulatory compliance and offsite practice activities.
• Manages external billing agreements, including but not limited to proforma development, monthly invoicing, monitoring overall financial health of agreement, and identifying financial risks or concerns to the Senior Director.
• Assists with tasks related to monthly close, including but not limited to journal entry, accrual preparation, and completing variance analyses.
• Integrates long/short-range strategies into daily operational and financial planning/reporting to ensure resources for strategic programs are available.
• 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 Senior Director of Finance to ensure business plans are coordinated relative to mission, physician deployment, capital equipment, space, revenue and expense.
• In collaboration with the Senior Director, leads the annual budgeting process.
• Liaise with departmental stakeholders to collect and stress test volume assumptions to build revenue budgets, including but not limited to gifts, grants and clinical revenue.
• Utilizes various systems and inputs to build accurate expense budgets including salary and non-wage expense.
• Provides support in developing budget roll up and narrative, as well as identifying financial risks throughout budget process to Senior Director and Department leadership.
• 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.
• Performs financial and clinical data analysis using internal data (eSimon, UCPG, Oracle, and other sources) and published benchmarking (MGMA, AAMC, etc.) to develop strategies and reporting to improve physician and departmental performance.
• Analyzes and interprets financial information and assesses operational plans, forecasts and potential risks; evaluates alternative courses of action.
• May manage/supervise staff; provides training, coaching, and mentoring in order to enable individual and team success.
• 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.

Education

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

Work Experience

Minimum requirements include knowledge and skills developed through 5-7 years of work experience in a related job discipline.

Certifications

Preferred Qualifications

Education

MBA or advanced degree in accounting, finance, or a related field.

Experience

• Minimum of 5 years of professional experience in accounting, financial planning, budgeting, analysis, forecasting, modeling, auditing, financial control systems, and regulatory compliance.
• Extensive experience in financial management skills, including the ability to analyze data for budgeting, operations, auditing and accounts receivable and reserve analysis, pro forma preparation.
• Background in higher education, healthcare, or academic medical center, with a proven