Director of Budget and Financial Reporting

Director of Budget and Financial ReportingSEARCH EXTENDED - NOVEMBER 27, 2026Hiring Department: FinanceLocation: Chicago, IL USARequisition ID: 1040035Posting Close Date: June 1, 2026Salary: The salary range of employees currently holding equivalent position is $162,154 - $200,298.About the University of Illinois Hospital & Health Sciences System (UI Health)The University of Illinois Hospital & Health Sciences System (UI Health) provides comprehensive care, education, and research to the people of Illinois and beyond. UI Health comprises a clinical enterprise that includes a Joint Commission-accredited tertiary care hospital and outpatient clinics, and the Mile Square Health Center network of federally qualified health centers. It also includes the seven UIC health science colleges: the College of Applied Health Sciences; the College of Dentistry; the School of Public Health; the Jane Addams College of Social Work; and the Colleges of Medicine, Pharmacy, and Nursing, including regional campuses in Peoria, Quad Cities, Rockford, Springfield, and Urbana. UI Health is dedicated to the pursuit of health equity. Learn more: 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.Description:Position SummaryThe Director of Budget and Financial Reporting is a senior Academic Professional responsible for leading the development, integration, and oversight of the University of Illinois Hospital and Health Sciences System operating and capital budgets, financial reporting, and long-range financial planning activities. Reporting within the Finance leadership structure, this role serves as a key financial advisor to executive leadership, clinical and administrative leaders, and University partners.The Director plays a critical role in ensuring financial transparency, stewardship of public resources, and alignment between institutional strategy, operational performance, and University reporting requirements within a complex academic medical center environment.Duties & ResponsibilitiesBudget Development and Financial PlanningLead the annual operating and capital budget process for the hospital and affiliated entitiesDevelop budget assumptions, guidance, timelines, and standardized methodologiesReview departmental budget submissions for accuracy and alignment with institutional prioritiesPartner with leadership to evaluate staffing, clinical, academic, and capital initiativesMonitor budget performance and provide variance analysis and forecastsFinancial Reporting and StewardshipOversee preparation of monthly, quarterly, and annual financial reportsEnsure compliance with accounting standards, University policies, and regulationsTranslate financial results into clear executive level narrativesSupport audits and promote transparency and accountabilityStrategic and Long Range Financial AnalysisSupport multiyear financial forecasts and long range plansAnalyze financial impacts of strategic initiatives and regulatory changesLeadership and CollaborationLead and develop professional staffServe as a trusted advisor to leadershipCollaborate with University finance partners and College of Medicine leadershipPerform other related duties and participate in special projects as assigned.Qualifications:Minimum QualificationsBachelor’s degree in Finance, Accounting, Business Administration, or related field.Seven or more years of progressive experience in healthcare finance or budgeting.Experience managing complex budgets in large organizations.Strong analytical and communication skills.Experience supervising professional staff.Preferred QualificationsMaster’s degree in Business Administration, Healthcare Administration, Finance, or Accounting.CPA, CMA, or similar certification.Experience in an academic medical center or public healthcare environment.Knowledge of hospital reimbursement and funds flow models.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.The university provides accommodations to applicants and employees. Request an AccommodationArtificial 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.