Senior Faculty Compensation Strategist

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 seeks a Senior Faculty Compensation Analyst to support the LCMG Director in overseeing compensation design and administration across seven operating units.

You will collaborate with department leaders, finance, and HR to benchmark, model costs, and ensure regulatory compliance, while contributing to budgeting and provider productivity initiatives.

Qualifications

• Bachelor’s degree required; related field preferred.
• 2+ years in faculty compensation planning or analytics.
• Experience with physicians leadership preferred.
• Advanced Excel skills and data visualization.

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 (i.e. offer letters, benefits, benchmarking, etc.)
• 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 and completes annual physician compensation and productivity surveys.
• Ensures pay practices remain aligned with federal, state and local regulations
• Analyzing compensation data throughout the year to ensure accurate administration, including reviewing payroll files and validating pay, as well as processing moonlighting pay for faculty
• Participates and collaborates closely with legal services and consultants on the data gathering and analysis for FMV (Fair Market Value), regulatory compliance, and CR.
• Other functions as assigned to support the business operations of LCMG.

Skills

Excel

PowerPoint

Power BI

Tableau

Education

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

Job description

Ann & Robert H. Lurie Children's Hospital of Chicago seeks a Senior Faculty Compensation Analyst to support the LCMG Director in overseeing compensation design and administration across seven operating units.

You will collaborate with department leaders, finance, and HR to benchmark, model costs, and ensure regulatory compliance, while contributing to budgeting and provider productivity initiatives.