Financial Analyst

Location
Chicago, IL
Posted
Mar 21, 2018
Institution Type
Four-Year Institution


Hyde Park Campus

Department
20150 Orthopaedic Surg & Rehab Med

About the Unit
The University of Chicago is a private, non-denominational institution encompassing the undergraduate College, six professional schools (Business, Law, Divinity, Public Policy, Medicine and Social Service Administration), four graduate divisions (Biological Sciences, Humanities, Physical Sciences, and Social Sciences) and the University of Chicago Medical Center. The broader University enterprise includes Argonne National Laboratory, Fermilab, and Yerkes Observatory. The Biological Sciences Division (BSD) and the UChicago Medicine (UCM) comprises the largest unit of the University and has an annual operating budget of $1.6B. UChicago Medicine oversees the finances and operations of all inpatient and ambulatory services. Physicians who provide patient care services are all appointed in one of the 13 clinical Departments within the BSD. Basic Science faculty support cutting edge research and graduate education across 9 basic science departments and 18 degree granting programs in the BSD. The BSD includes the Pritzker School of Medicine, approximately 24 academic units, degree granting committees, and research centers and institutes. The BSD houses approximately 2,200 staff employees, approximately 950 faculty, and approximately 800 academic appointees as well as 1,000 professional and graduate students. The Department of Orthopaedic Surgery and Rehabilitation Medicine at the University of Chicago consists of twenty-two full time faculty members. Each faculty members brings with them expertise on a wide variety of Orthopaedic problems including: Bone and Soft Tissue Cancer, Bone Health and Fragility, Bone Infection Care, Foot and Ankle Care, Fracture Care, Hand and Wrist Care, Hip Care, Knee Care, Pediatric Orthopaedic Care, Shoulder and Elbow Care, Spine Care and Sports Medicine.

Job Information

Job Summary:

The financial analyst perform analytical work related to strategic planning, operational efficiency and clinical program development and implementation. Serve as an in-house project consultant to the department clinical leadership and department senior management

Responsibilities:
  • Provide staff support to the Chairman and Executive Administrator on issues related to cost management, operational efficiency and new revenue opportunities.
  • Assist in the development of goals for the unit cost incentive plan and support the implementation of proposed initiatives.
  • Analyze clinical, utilization and financial data to provide answers to specific questions. Develop formal presentations of current market and financial information for Department administration in a way that helps them solve problems.
  • Perform financial and clinical data analyses using internal data published reports, telephone interviews, physician databases and other data to develop tools to help solve management problems, thinking through what specific data is needed and how the analysis will help answer a question.
  • Work with the appropriate individuals in the Hospital, Division, etc. to complete special analyses as needed. To avoid duplication of effort and costly databases, complete assignments involving profiling of physicians and physician groups for recruitment, and market/competitive analyses. Work closely with various hospital departments as problem identification and resolution requires
  • Monitor Department's monthly financials and performance to budget; conduct periodic variance analyses and forecasts; recommend changes as appropriate; complete quarterly and ad hoc analysis and summary of departmental financial performance and create presentations.
  • Serve as lead in budget preparation process, including template development, database entry, presentation preparation; develop and implement tools to track budget performance through the fiscal year.
  • Assist in preparing periodic competitive reports tracking the volume and payer mix of key strategic programs as compared to other regional hospitals; periodically conduct analysis of volume variance by program and major payer as new data becomes available; interpret market trends through the monitoring of changes in both primary and secondary research.
  • Develop business plans as assigned and provide related support to complete the analyses required and document preparation; conduct market and competitive analysis; assist in developing recommendations and activity projections, and complete multi-year financial models for review and revision by the planning term.
  • Serve as lead analyst and chief information source for business plans and market assessments; complete utilization, demographic, competitive, physician and financial analyses to support clinical program planning and development of new initiatives.
  • Assist with special studies and documents under the supervision of the EA and colleagues.
  • Prepare comprehensive strategic documents for the Department administration as needed.
  • Maintain and re-engineer databases and reporting processes to improve department efficiency; develop templates for estimates for staff, faculty salaries and recovery, and all non-salary expenditures in order to report and understand the finances and operations of the areas of the Department; provide guidance and counsel to the Chair, faculty members, and departmental administrators.


Competencies:
  • Attention to detail
  • Communication
  • Collaboration
  • Problem-Solving
  • Organization


Additional Requirements

Education, Experience and Certifications:

Education:
  • Bachelor's degree in business, accounting or a related field required


Experience:
  • Minimum two years of experience in an administrative/supervisory capacity strongly preferred
  • Healthcare and/or academic medical experience strongly preferred
  • Fundamental knowledge of the health care industry preferred
  • Experience with complex marketing/planning applications preferred


Technical Knowledge or Skills:
  • Extensive knowledge of spreadsheet development (Microsoft Excel), database management (Access) and graphic presentations (PowerPoint) and a knowledge of word processing programs required
  • Demonstrated ability to do significant writing and effectively communicate verbally required
  • Strong interpersonal skills in order to work effectively with diverse staff and management groups in a complex organization required
  • Strong organizational skills, the ability to multi-task and make decisions required
  • Ability to work under pressure and meet deadlines in fast-paced environment preferred
  • Ability to work independently identifying best approaches to problems/questions while also being capable of determining when to seek more senior advice preferred
  • Must be self-motivated, able to work independently, and in an organized manner prioritizing the work of multiple projects
  • Excellent verbal and written communication skills required as well as the ability to collaborate with physicians, and staff


Required Documents:
  • Resume
  • Cover Letter
  • Reference Contact Information

NOTE: When applying, all required documents MUST be uploaded under the Resume/CV section of the application

Benefit Eligibility
Yes

Pay Frequency
Monthly

Pay Range
Depends on Qualification

Scheduled Weekly Hours
37.5

Union
Non-Union

Job is Exempt?
Yes

Drug Test Required?
No

Does this position require incumbent to operate a vehicle on the job?
No

Health Screen Required?
No

Posting Date
2018-03-20-07:00

Remove from Posting On or Before
2018-09-20-07:00

Posting Statement:

The University of Chicago is an Affirmative Action/Equal Opportunity/Disabled/Veterans Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national or ethnic origin, age, status as an individual with a disability, protected veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.

Staff Job seekers in need of a reasonable accommodation to complete the application process should call 773-702-5800 or submit a request via Applicant Inquiry Form.

The University of Chicago's Annual Security & Fire Safety Report (Report) provides information about University offices and programs that provide safety support, crime and fire statistics, emergency response and communications plans, and other policies and information. The Report can be accessed online at: http://securityreport.uchicago.edu. Paper copies of the Report are available, upon request, from the University of Chicago Police Department, 850 E. 61st Street, Chicago, IL 60637.

Full time
JR00843

About Us
The University of Chicago is an urban research university that has driven new ways of thinking since 1890. Our commitment to free and open inquiry draws inspired scholars to our global campuses, where ideas are born that challenge and change the world.

We empower individuals to challenge conventional thinking in pursuit of original ideas. Students in the College develop critical, analytic, and writing skills in our rigorous, interdisciplinary core curriculum. Through graduate programs, students test their ideas with UChicago scholars, and become the next generation of leaders in academia, industry, nonprofits, and government.

To learn more about the university click here http://www.uchicago.edu/

PI101688740

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