Senior Financial Analyst - Population Health Sciences ProgramHiring Department: Population Hlth Sciences Prog Location: Chicago, IL USA Requisition ID: 1026899 Posting Close Date: November 22, 2024 About the University of Illinois Chicago UIC is among the nation's preeminent urban public research universities, a Carnegie RU/VH research institution, and the largest university in Chicago. UIC serves over 34,000 students, comprising one of the most diverse student bodies in the nation and is designated as a Minority Serving Institution (MSI), an Asian American and Native American Pacific Islander Serving Institution (AANAPSI) and a Hispanic Serving Institution (HSI). Through its 16 colleges, UIC produces nationally and internationally recognized multidisciplinary academic programs in concert with civic, corporate and community partners worldwide, including a full complement of health sciences colleges. By emphasizing cutting-edge and transformational research along with a commitment to the success of all students, UIC embodies the dynamic, vibrant and engaged urban university. Recent Best Colleges rankings published by U.S. News & World Report, found UIC climbed up in its rankings among top public schools in the nation and among all national universities. UIC has over 300,000 alumni, and is one of the largest employers in the city of Chicago. This is a full-time and benefits eligible position. Hybrid and flexible work schedules are available. UIC offers competitive salaries commensurate with experience. In addition all full time benefits eligible positions include a comprehensive benefits package which include; Health, Dental, Vision, Life, Disability & AD&D insurance, a defined benefit pension plan as well as paid leave which includes; Vacation, Holiday and Sick. In addition we offer tuition waivers for employees and dependents. Click for a complete list of Employee Benefits. Description: The Office of Population Health Sciences (OPHS), which sits within the Office of the Vice Chancellor for Health Affairs (OVCHA) at UIC. The Institute of Healthcare Delivery Design (IHDD) applies human-centered design to healthcare delivery to break down barriers to accessing quality healthcare and to make healthcare systems, services, and experiences that fit people and enhance lives. The Senior Financial Analyst directs financial operations for IHDD and manages the financial aspects of contract revenue including: accounts receivable, general accounting, budgeting, auditing, financial planning, forecasting, and reporting. Part of the OPHS finance team, they work closely with OVCHA and UAFR to ensure compliance across the unit. Duties & Responsibilities:
Establishes policies, procedures, and guidelines to govern the unit's performance of analytical projects; monitors effectiveness of current policies and procedures and their impact on departmental financial success; ensures compliance with all applicable federal and state regulations and University policies and procedures;Create processes for and manage IHDD financial reporting, including annual budgets, regular updating and tracking of budget, cash flow reports, etc. Performs complex financial analyses, planning projects, program evaluation studies, and computer-based modeling projects assigned to the unit; Manage revenue program accounting, ensuring compliance with contract, university guidelines, and general accounting principles. Prepare and analyze reports regarding project budgets, projections, and expenditures. Work within OPHS and OVCHA on joint budgets and financial reporting as needed. Create and manage a financial growth model for IHDD, conduct analyses to make financial forecasts, and report on growth model scenarios to IHDD leadership. Manages OPHS-IHDD contracts and provides recommendations regarding terms of renewal; Manage the creation and routing of client revenue contracts within the University's Contracts+ system. Manage the creation of self-supporting funds for revenue contracts and work with IHDD project leads to ensure accuracy of charges applied to those funds. Create and manage financial control mechanisms for IHDD; Manage IHDD client invoicing and payment tracking. Resolve issues related to accounting, record keeping and other activities. Research and respond to inquiries from clients, departments, and university offices. Assist with the creation and organizational adherence to any financial policies, procedures, applicable state/federal regulatory compliance, and internal controls to remain consistent with State of Illinois/University of Illinois policies and procedures. Support any internal or external audits of IHDD finances. Promote the overall financial well-being of IHDD. Perform other related duties and participate in special projects as assigned.Minimum Qualifications Required: 1. Any one or combination totaling four (4) years (48 months) from the categories below: A. college course work comparable to that in a field related to financial analysis/planning such as accounting, business administration, economics, finance, statistics, or a closely related field
- 30 semester hours equals one (1) year (12 months)
- Associate Degree (60 semester hours) equals eighteen (18) months
- 90-semester hours equals two (2) years (24 months)
- Bachelor's Degree (120 semester hours) equals three (3) years (36 months)
- Master's Degree equals four (4) years (48 months)
B. work experience in developing financial or economic analyses, research designs, strategic plans, or data models. 2. Two (2) years (24 months) of professional level progressively responsible financial work experience, of which one (1) year (12 months) must have included supervisory or functional oversight experience. Preferred Qualifications:
- Bachelor's degree in Healthcare Administration, Public Health, Business Administration, Management or in a related field.
- Experience with accounts receivable and/or managing self-supporting funds in an academic or non-profit environment preferred.
- Master's degree preferred.
- Knowledge of University financial systems (Banner, IBuy, Eddie, Contracts+, MyUI Financials, Chrome River etc.) preferred.
- Skilled in identifying opportunities for new revenue generation and improving efficiency of operations.
- Problem-solving ability, including the ability to analyze complex situations, identify resources, and imagine alternatives.
- Time management skills with the capability to prioritize among multiple requests from multiple individuals and the ability to change direction in response to a fluctuating work environment.
- Excellent oral and written communication skills.
- High personal work standards and sense of urgency about results.
- Demonstrated ability to work collaboratively with others and build relationships across multiple stakeholder groups and various levels of the organization.
To Apply: For fullest consideration click on the Apply Now button, please fully complete all sections of the onlineapplication including adding your full work history with specific details ofyour duties & responsibilities for each position held. Fully completethe education, licensure, certification and language sections. Youmay upload a resume, cover letter, certifications, licensures, transcripts anddiplomas within the application. Please note that once you have submitted your application you will not be able to make any changes. In order to revise your application you must withdraw and reapply. You will not be able to reapply after the posting close date. Please ensure the application is fully completed and all supporting documents have been uploaded before the posting close date. Illinois Residency is required 180 days of employment. 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 Accommodation