Senior Director, Financial Planning, Faculty Practice

Senior Director, Financial Planning & Analytics, Faculty Practice

The Senior Director, Financial Planning & Analytics, Faculty Practice (UCFP) leads and oversees several key functions supporting financial sustainability, growth, and strategic alignment of the University of Chicago Faculty Practice and the larger Biological Sciences Division. The role is responsible for complex and sophisticated planning and analysis related to physician recruitment, workforce planning, compensation plan design, and business development across the faculty practice.

Responsibilities include:

• Leading the enterprise-wide faculty, physician, and provider workforce planning, recruitment, financial modeling, and compensation analytics on behalf of the BSD and Faculty Practice (UCFP).
• Serving as a primary financial and analytical partner to the Departments for compensation planning, including development, evaluation, and ongoing refinement of faculty and provider compensation plans; review and analyze productivity-based and supplemental incentive programs and associated requests for compensation and incentive payments; monitoring of compensation alignment with productivity, market benchmarks, and institutional policy; partnering with faculty and administrative leaders to interpret productivity and compensation data, supporting informed decision-making around recruitment, retention, and resource allocation; other evolving needs that arise in a complex academic medical center environment.
• Driving organizational transformation by identifying, establishing, and promoting the best use of data analytics to deliver strategic objectives that have enterprise-wide impact, including access, growth, workforce optimization, and financial performance.
• Leading and supporting the development, documentation, and implementation of policies and governance frameworks related to physician compensation and incentives, in partnership with UCFP leadership, BSD Finance, and legal/compliance teams.
• Partnering with departments to prepare quarterly UCFP department reviews of financial, recruitment, productivity, compensation, clinical volumes and other key metrics for presentation to BSD and hospital leadership in effort to propel informed, strategic, and high-impact decision-making in both the short and long term.
• Strengthening alignment between Service Delivery Units, departments and central financial planning.
• Allocating effort to long term problem solving on top of daily operations of the department.
• Creating financial proformas for evaluation of practice acquisitions, program expansions, and new clinical or academic business opportunities across the BSD and faculty practice.
• Serving as the lead BSD finance representative working in partnership with the Strategy and Analytics team for the development of enterprise-level financial planning and long-range projections impacting achieving the goals set for in Elevate 2035, the ten-year strategic plan.
• Translating complex quantitative and financial information into clear, executive-ready presentations and reports. Summarizing and communicating key analytics fundings to all levels of management. Leading and assisting with education and development of skill sets in data analysis.
• Engaging with and leveraging AI tools to optimize financial work flows, analysis, and decision making.
• Evaluating locally negotiated contracts with Clinical partners to modernize processes, standardize negotiated elements, and enhance both transparency of setting contract terms and negotiated payments, and ultimately standardize processes for management and oversight of the portfolio.
• Working closely with Medical Center and University decision support groups to integrate clinical, financial, and productivity analytics across systems in order to drive actionable insights for enterprise-wide performance.
• Leveraging analytics to identify clinical and operational improvement opportunities. Promoting and fostering evidence-based and financially sustainable practice models.
• Supervising a team of financial analysts responsible for compensation plan modeling and updates, incentive analyses, financial planning pro formas, variance analysis, recruitment database support, and other ad hoc reporting.
• Championing an information-based culture that supports transparency, accountability and continuous improvement across the faculty practice.
• Supervision of staff assigned to projects.
• Managing financial staff through subordinates, usually other managers and professional staff. Establishing performance goals, allocating resources and assessing policies for the related departments managed.
• Executing functional business plans and contributing to the development of financial goals, strategies, plans, and policies for the unit.
• Performing other related work as needed.

Minimum qualifications include a college or university degree in a related field and 7+ years of work experience in a related job discipline.

Preferred qualifications include healthcare experience and experience leading financial planning and budget processes.

Preferred competencies include knowledge of financial computing and database software applications, various financial principles, practices, and applications including budgeting, financial planning, and financial reporting, experience with accounting systems and budget systems, proficiency with Microsoft Office (Word, Excel, PowerPoint), financial modeling experience, strong interpersonal, verbal, and written communication skills, ability to establish and maintain relationships at all organizational levels, ability to lead with exceptional adaptability and agility, proven ability to synthesize complex issues for management, demonstrated time management ability to deliver high-integrity products within established deadlines, ability to be a proactive and assertive problem-solver, strong upward and downward management skills, and prior direct supervisory experience.