Senior Faculty Compensation Analyst – Strategy & Analytics

10 HOSP Ann & Robert H. Lurie Children's Hospital of Chicago; Chicago (IL); On-site; USD 77,000 - 126,000; Full time

Job summary

Ann & Robert H. Lurie Children’s Hospital of Chicago is seeking a Senior Faculty Compensation Analyst to support compensation design, benchmarking and productivity initiatives within LCMG.

The role partners with department leaders and finance teams to ensure accurate budgeting and effective compensation programs. Responsibilities include producing routine reports, performing market analyses, and assisting with annual physician compensation surveys while ensuring regulatory compliance and

Qualifications

• Bachelor’s degree in Business, Finance, Healthcare Administration, or a related field.
• Two or more years of experience in faculty compensation planning or administration, business analytics, financial modeling or healthcare operations, with a focus on data-informed decision-making.
• Experience working with physicians and physician leadership preferred.
• Demonstrated understanding of faculty practice compensation operations in an academic medical center.
• Experience in development, design and implementation of large, complex faculty compensation programs preferred.
• Knowledge of current physician compensation trends and practices to inform design and ensure accurate reporting.
• Understanding of pay practices to remain aligned with federal, state and local regulations.

Responsibilities

• Provides consultative support to Department Leadership, offering guidance and interpretation of faculty and physician compensation programs and policies to support departments in ensuring their compensation plan follows the medical center’s philosophy and is achieving the strategic goals of the medical group.
• Supports departments in evaluating and implementing revisions and enhancements to their compensation plans.
• Provides routine reports and supports faculty and administrative leadership on compensation levels and cost projections for budgetary measures.
• Interprets, analyzes and implements compensation arrangements in faculty employment agreements based on established organization protocols and methodology.
• Conducts benchmarking and internal equity analysis to formulate recommendations that ensure competitive, cost-effective and legally compliant faculty compensation.
• Evaluates opportunities for process improvement and introduction of best practice methodologies for enhancing faculty and provider productivity.
• Conduct market and standard process research to formulate and support compensation recommendations.
• Routinely prepares and distributes compensation and productivity reconciliation summaries for faculty and providers to administrative and clinical leaders.
• Participates in annual physician compensation and productivity surveys.
• Ensures pay practices remain aligned with federal, state and local regulations.

Skills

Excel

PowerPoint

Power BI

Tableau

Data visualization

Analytical skills

Communication skills

Project management

Education

Bachelor’s degree in Business, Finance, Healthcare Administration, or a related field

Tools

Power BI

Tableau

Excel

PowerPoint

Job description

Ann & Robert H. Lurie Children’s Hospital of Chicago is seeking a Senior Faculty Compensation Analyst to support compensation design, benchmarking and productivity initiatives within LCMG.

The role partners with department leaders and finance teams to ensure accurate budgeting and effective compensation programs. Responsibilities include producing routine reports, performing market analyses, and assisting with annual physician compensation surveys while ensuring regulatory compliance and