University of Chicago
Senior Financial Analyst
The job coordinates projects in monitoring the operating and capital budgets for divisions and/or University-wide administrative units. At the instruction of others, performs work that contributes to development of long, and short term financial goals, business strategies/plans, and financial forecasts/models for major service programs and initiatives. Utilizes moderate knowledge of finance to help coordinate quarterly and year-end reporting for the operating budget. Reporting to the Senior Director of Finance, the Senior Financial Analyst is responsible for accounting, budgets and financial controls, payroll, purchasing, risk management, and treasury for the Department of Obstetrics and Gynecology. This role will participate in development of financial strategy that impacts departmental functions such as clinical revenue, faculty compensation plans, grant awards, clinical research, and investments of capital. The Senior Financial Analyst will oversee the financial management of operating and capital budgets for the department and clinics associated while developing long and short-term financial goals, business strategies/plans, and financial forecasts/models for all major service programs and initiatives. Priorities of the role will include data integrity and reporting, completing financial transactions, development and monitoring of financial reports, along with participation in budgeting and forecasting. Responsibilities include: Participates in the annual operating and clinical revenue budget processes, working in collaboration with Department Director of Finance along with BSD Finance and Budgeting. Under direction of Department Director of Finance, provides monthly accruals and budget variance, including variance summaries and explanations. As directed, oversees the production and maintenance of the monthly financial statements, reports, and clinical revenue trends. Liaison with Research Administration and Clinical Trials teams to reconcile research accounts, including grant accounts, effort reporting, and cost transfers. Responsible for gift and endowment accounts. High proficiency in financial modeling and analysis, budgeting, Microsoft Office
especially Excel, and business systems. Under direction of Director of Finance, participates in the development, monitoring, and evaluation of a consolidated annual and intermediate (typically three to five year) budget plan and budget process for a unit, as well as actual performance against budget. Monitoring financial statements, effort activity reports, financial position forecasts, and/or reports required by department. Ensure accuracy and compliance of financial results by identifying and processing journal entries and payroll transfers, when necessary. Performs Accounts Payable and Accounts Receivable tasks to ensure timely and accurate payment of invoices and billing. Responsible for monitoring and approving expense reimbursements. Monitors financial statements by reviewing reports and accounting records to determine if allocated funds have been spent as specified. Reporting/analysis for the Department of Obstetrics and Gynecology, including report generation, analysis, projections, and verification of accuracy of financial information. Complete ad hoc reporting/analysis and miscellaneous other tasks as needed. Ad hoc reporting/financial analysis as needed by Sr. Director of Finance. Assist in perform closing tasks and prepare entries required for booking revenue/expense. Perform variance analysis on key revenue and expense lines and provide reasons/narrative on a monthly basis. Provides professional support as a primary account administrator for account owners in an intensive customer service environment. Analyzes and prepares budgets, creates accounts, and works with the financial accounting system to allocate, authorize, monitor, and control expenses. Prepares monthly reports, conducts and correct errors in accounts using existing procedures that are in place, and provides advice on the financial impact of human resources and academic affairs decisions. May work with other administrators on the procurement process, allocates expenditures for authorization, and advises in communications regarding funding agencies, subcontractors, and others at the instruction and direction of others. Performs other related work as needed. Minimum qualifications include a college or university degree in a related field and 2-5 years of work experience in a related job discipline. Preferred qualifications include a bachelor's degree in finance, accounting, business administration, or a related field of study, background in a university, school of medicine, or academic medical center, prior experience monitoring and managing physician compensation plans, prior experience creating annual budgets, and prior experience monitoring and managing monthly expenses. Preferred competencies include expert knowledge of accounting principles, healthcare finance background, understanding of healthcare financial terms, intermediate to expert level experience using Microsoft excel, Microsoft access, and pivot tables, ability to develop proformas, strong financial modeling and benchmarking skills, knowledge of and skill in applying budgeting and financial policies and developing related internal and regulatory controls, ability to present relevant details to decision makers and operational managers and establish a cadence in reporting, ability to interact across the organization at all levels to insure a complete understanding of any significant financial or statistical reporting, such as budget variances, ability to understand and proactively seek interdependences in processes, analyze and propose ways to improve, demonstrated ability to think strategically and independently to develop and evaluate options translating findings into operational objectives, knowledge of process improvement concepts, and knowledge of financial principles, practices, and applications including budgeting, financial planning, and financial reporting. The working conditions for this role are an office environment, with on-site work; potential for hybrid following completion of training and if in good standing. Application documents required include a resume and cover letter, which must be uploaded via the My Experience page, in the section titled Application Documents of the application. The job family is Financial Management, and the role impact is an individual contributor. The scheduled weekly hours are 40, and the pay rate type is salary, with a pay range of $60,000.00 - $90,000.00. The role is benefits eligible, and the University of Chicago offers a wide range of benefits programs and resources for eligible employees, including health, retirement, and paid time off. The University of Chicago is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, or expression, national or ethnic origin, shared ancestry, age, status as an individual with a disability, military or veteran status, genetic information, or other protected classes under the law.
The job coordinates projects in monitoring the operating and capital budgets for divisions and/or University-wide administrative units. At the instruction of others, performs work that contributes to development of long, and short term financial goals, business strategies/plans, and financial forecasts/models for major service programs and initiatives. Utilizes moderate knowledge of finance to help coordinate quarterly and year-end reporting for the operating budget. Reporting to the Senior Director of Finance, the Senior Financial Analyst is responsible for accounting, budgets and financial controls, payroll, purchasing, risk management, and treasury for the Department of Obstetrics and Gynecology. This role will participate in development of financial strategy that impacts departmental functions such as clinical revenue, faculty compensation plans, grant awards, clinical research, and investments of capital. The Senior Financial Analyst will oversee the financial management of operating and capital budgets for the department and clinics associated while developing long and short-term financial goals, business strategies/plans, and financial forecasts/models for all major service programs and initiatives. Priorities of the role will include data integrity and reporting, completing financial transactions, development and monitoring of financial reports, along with participation in budgeting and forecasting. Responsibilities include: Participates in the annual operating and clinical revenue budget processes, working in collaboration with Department Director of Finance along with BSD Finance and Budgeting. Under direction of Department Director of Finance, provides monthly accruals and budget variance, including variance summaries and explanations. As directed, oversees the production and maintenance of the monthly financial statements, reports, and clinical revenue trends. Liaison with Research Administration and Clinical Trials teams to reconcile research accounts, including grant accounts, effort reporting, and cost transfers. Responsible for gift and endowment accounts. High proficiency in financial modeling and analysis, budgeting, Microsoft Office
especially Excel, and business systems. Under direction of Director of Finance, participates in the development, monitoring, and evaluation of a consolidated annual and intermediate (typically three to five year) budget plan and budget process for a unit, as well as actual performance against budget. Monitoring financial statements, effort activity reports, financial position forecasts, and/or reports required by department. Ensure accuracy and compliance of financial results by identifying and processing journal entries and payroll transfers, when necessary. Performs Accounts Payable and Accounts Receivable tasks to ensure timely and accurate payment of invoices and billing. Responsible for monitoring and approving expense reimbursements. Monitors financial statements by reviewing reports and accounting records to determine if allocated funds have been spent as specified. Reporting/analysis for the Department of Obstetrics and Gynecology, including report generation, analysis, projections, and verification of accuracy of financial information. Complete ad hoc reporting/analysis and miscellaneous other tasks as needed. Ad hoc reporting/financial analysis as needed by Sr. Director of Finance. Assist in perform closing tasks and prepare entries required for booking revenue/expense. Perform variance analysis on key revenue and expense lines and provide reasons/narrative on a monthly basis. Provides professional support as a primary account administrator for account owners in an intensive customer service environment. Analyzes and prepares budgets, creates accounts, and works with the financial accounting system to allocate, authorize, monitor, and control expenses. Prepares monthly reports, conducts and correct errors in accounts using existing procedures that are in place, and provides advice on the financial impact of human resources and academic affairs decisions. May work with other administrators on the procurement process, allocates expenditures for authorization, and advises in communications regarding funding agencies, subcontractors, and others at the instruction and direction of others. Performs other related work as needed. Minimum qualifications include a college or university degree in a related field and 2-5 years of work experience in a related job discipline. Preferred qualifications include a bachelor's degree in finance, accounting, business administration, or a related field of study, background in a university, school of medicine, or academic medical center, prior experience monitoring and managing physician compensation plans, prior experience creating annual budgets, and prior experience monitoring and managing monthly expenses. Preferred competencies include expert knowledge of accounting principles, healthcare finance background, understanding of healthcare financial terms, intermediate to expert level experience using Microsoft excel, Microsoft access, and pivot tables, ability to develop proformas, strong financial modeling and benchmarking skills, knowledge of and skill in applying budgeting and financial policies and developing related internal and regulatory controls, ability to present relevant details to decision makers and operational managers and establish a cadence in reporting, ability to interact across the organization at all levels to insure a complete understanding of any significant financial or statistical reporting, such as budget variances, ability to understand and proactively seek interdependences in processes, analyze and propose ways to improve, demonstrated ability to think strategically and independently to develop and evaluate options translating findings into operational objectives, knowledge of process improvement concepts, and knowledge of financial principles, practices, and applications including budgeting, financial planning, and financial reporting. The working conditions for this role are an office environment, with on-site work; potential for hybrid following completion of training and if in good standing. Application documents required include a resume and cover letter, which must be uploaded via the My Experience page, in the section titled Application Documents of the application. The job family is Financial Management, and the role impact is an individual contributor. The scheduled weekly hours are 40, and the pay rate type is salary, with a pay range of $60,000.00 - $90,000.00. The role is benefits eligible, and the University of Chicago offers a wide range of benefits programs and resources for eligible employees, including health, retirement, and paid time off. The University of Chicago is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, or expression, national or ethnic origin, shared ancestry, age, status as an individual with a disability, military or veteran status, genetic information, or other protected classes under the law.