Senior Financial Analyst - JR25648-3800 - The University of Chicago

This job was posted by https://illinoisjoblink.illinois.gov : For more
information, please see:
https://illinoisjoblink.illinois.gov/jobs/11995052 Department
BSD ORT - Administration
About the Department
The Department of Orthopaedic Surgery and Rehabilitation Medicine at the
University of Chicago consists of 69 clinical providers including 27
Attending physicians, 25 Residents, 5 Fellows, and 14 Advanced Practice
Providers. These providers bring 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. The
Department is seeking to add a Senior Financial Analyst to support the
continued clinical and academic growth of the department.
Job Summary
The Senior Financial Analyst is responsible for accounting, budgets and
financial controls, payroll, purchasing, risk management, and treasury
for the Department of Orthopedic Surgery and Rehabilitation Medicine.
This role will set 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.
Responsibilities
- Provides dotted line management of staff performing financial
functions in the department to ensure that the financial needs of
the Department are being met.
- Oversees the annual operating and clinical revenue budget processes,
working in collaboration with BSD Finance and Budgeting.
- Provides monthly accruals and budget variance, including variance
summaries and explanations.
- 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.
- Oversees compliance with University financial policies, internal
controls, and internal audit recommendations, including updating
Department fiscal policies, and educating faculty and staff on
changes.
- Responsible for gift and endowment accounts.
- Participates in BSD capital and procurement processes including
capital projects.
- High proficiency in financial modeling and analysis, budgeting,
Microsoft Office - especially Excel, and business systems (Oracle,
SAP/BW, Workday as examples).
- Manages 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.
- Manages the preparation of financial statements, activity reports,
financial position forecasts, and/or reports required by regulatory
agencies.
- Manages the preparation of audits and value-add financial analysis.
Advises senior management on financial reporting requirements.
- 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
decis ons.
- 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
Education:
Minimum requirements include a college or university degree in related
field.
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Work Experience:
Minimum requirements include knowledge and skills developed through 2-5
years of work experience in a related job discipline.
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Certifications:
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Preferred Qualifications
Education:
- Bachelor's degree in finance, accounting, business administration,
or a related field of study.
Experience:
Background in a university, school of medicine, or academic medical
center.
Leading a high-performance team including mentoring, hiring, training,
directing work, resolving concerns, rewards, and performance management.
Communicating accounting and financial information clearly and concisely
to a key stakeholders in multiple mediums or formats.
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