Senior Business Manager

University of Illinois Chicago; Peoria (IL); On-site; USD 40,000 - 55,000; Full time

Job summary

The University of Illinois College of Medicine Peoria (UICOMP) invites applications for a Senior Business Manager in the Department of Internal Medicine in Peoria, IL. This on-site role manages advanced business responsibilities, including budget development and strategic fiscal planning, under supervision of the Internal Medicine Director of Administrative Operations.

You will oversee contracts, financial reporting, data analysis, and provider productivity insights, coordinating with fiscal

Qualifications

• Bachelor’s degree in accountancy, business administration, management, or a closely related field.
• Three (3) years of work experience in accounting, business administration, fiscal management, or closely related experience.
• Two (2) years of work experience, including one year at a supervisory/administrative level.
• Master’s Degree may substitute for one year of work experience.

Responsibilities

• Oversee all Department of Internal Medicine contracts, ensuring compliance with contractual requirements and coverage provisions.
• Coordinate the development, renewal, and modification of contracts by submitting required documentation and monitoring contract status.
• Update contract exhibits, investigate budget variances, and manage approved contract modifications to ensure financial accuracy and compliance.
• Ensure timely invoicing and payment processing for all contracts by preparing, submitting, and monitoring invoices and resolving payment-related issues.
• Prepare monthly productivity and financial reports, monitor departmental funds, and support budget projections and incentive plans.

Skills

Contract administration

Financial analysis

Budget monitoring

Education

Bachelor’s degree in accountancy, business administration, management, or a closely related field

Job description

Hiring Department: Internal Medicine

Location: Peoria, IL USA

FTE: 1

Work Schedule: M - F, 8 a.m. - 4 p.m.

Shift: Days

Workplace Type: On-Site

Salary Range (commensurate with experience): $34.54

Please note that this position is not remote and is onsite in Peoria, IL.

The University of Illinois College of Medicine Peoria (UICOMP) educates 244 medical students and nearly 300 physician residents annually. It is one of four campuses that make up the nation’s largest public medical school. The Peoria campus is known among students for its small class sizes, rigorous curriculum and hands-on clerkships; to residents and fellows for the strong academic setting, large referral base and exceptional facilities; and by physicians seeking the ideal combination of teaching and practicing medicine in a research-based university setting.

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

Position Summary

This position manages advanced business responsibilities for the Department of Internal Medicine, budget development and assists in strategic fiscal planning. The Senior Business Manager executes business operations including but not limited to contracting, generation and distribution of financial & productivity reports, data analysis and providing business insights serving as a resource. The position works under the general supervision of the Internal Medicine Director of Administrative Operations.

Duties & Responsibilities

• Oversees all Department of Internal Medicine contracts, including funded and non-funded agreements, ensuring compliance with contractual requirements and coverage provisions.
• Coordinates the development, renewal, and modification of contracts by submitting required documentation and monitoring contract status throughout the approval process.
• Updates contract exhibits, investigates budget variances, and manages approved contract modifications to ensure financial accuracy and compliance.
• Ensures timely invoicing and payment processing for all contracts by preparing, submitting, and monitoring invoices and resolving payment-related issues.
• Provides specialized financial and operational analysis, reporting, and recommendations related to departmental contracts, financial performance, and business operations. Assists with monthly and quarterly reconciliations and monitors departmental financial activity to identify issues, evaluate trends, and recommend corrective actions when needed. Monitors balances across all Department of Internal Medicine funds and supports the effective utilization of financial resources. Prepares, analyzes, and presents monthly productivity and financial reports for all sections, including annual budget projections and ongoing expense monitoring. Collects, organizes, and analyzes data to support the development and calculation of annual contract performance and incentive plans. Processes and submits monthly variable compensation information to Payroll in accordance with established deadlines and guidelines. Collaborates with the Director of Administrative Operations and Fiscal Affairs to address departmental questions related to financial data, reporting, and business operations, serving as a technical resource for department leadership and staff.
• Partners with the Director of Administrative Operations on pre- and post-award grant financial analysis, budget monitoring, and strategic financial planning activities.
• Recommends and implements improvements to financial processes, reporting methodologies, and operational procedures to enhance efficiency and effectiveness.
• Assists in the development, communication, training, and implementation of departmental operational procedures and process improvements.
• Perform other related duties and participate in special projects as assigned.

Minimum Qualifications

• OR
• Bachelor’s degree in accountancy, business administration, management, or a closely related field.
• Three (3) years (36 months) of work experience in accounting, business administration, fiscal management, or closely related experience.
• OR
• A combination of such education and/or work experience above totaling three (3) years (36 months), as measured by the following conversion table or its proportional equivalent:
• 30 semester hours equals one (1) year (12 months)
• 60 semester hours or an Associate's Degree equals eighteen months (18 months)
• 90 semester hours equals two (2) years (24 months)
• AND
• Two (2) years (24 months) of work experience in accounting, business administration, financial operations, fiscal management, or closely related experience, including one (1) year (12 months) of which is at a supervisory or administrative level.
• NOTE: A Master’s Degree in an area consistent with the duties of the position may be substituted for one (1) year (12 months) of work experience.

Preferred Qualifications

Demonstrated experience with clinical financial operations, including contract administration, billing processes, and provider productivity analysis.

Employment Information

Illinois Residency is required within 180 days of employment.

Sponsorship for work authorization is not available for this position.

The university provides accommodations to applicants and employees. Request an Accommodation.

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.

Equal Employment Opportunity

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.