Financial Analyst II, UCM Care Network

University of Chicago - Burr Ridge, IL

Full-time

Remote - Burr Ridge, IL

Educational Services

About the position

Be a part of a world-class academic healthcare system at UChicago Medicine Care Network as a Financial Analyst II. This position will be primarily a work from home opportunity with the requirement to come onsite as needed. You may be based outside of the greater Chicagoland area. This is a flexible remote opportunity with the requirement to come onsite to our Burr Ridge, IL location 3 times per week. The Financial Analyst II is responsible for providing comprehensive financial analysis, reporting, and decision support to UCM Care Network. This role includes supporting physician compensation analysis, developing and maintaining key performance indicators (KPIs), and providing data-driven insights through advanced data analytics. Financial Analyst II will collaborate closely with operations and finance leadership to drive financial performance, optimize resource utilization, and support the strategic objectives of the medical center. Essential Job Functions include analyzing monthly, quarterly, and annual financial statements, identifying trends, variances, and key performance indicators (KPIs). The role also involves developing, maintaining, and enhancing financial models to support operational decision-making, budgeting, and forecasting processes. Additionally, the Financial Analyst II will assist in the development and reporting of KPIs to track the financial and operational performance of ambulatory services, conduct regular analyses of physician productivity, compensation, and performance metrics, and provide recommendations for adjustments and improvements. The position also requires collaboration with operational leaders to analyze and improve the financial performance of various ambulatory clinics, including patient volume, payer mix, and service line profitability. Furthermore, the Financial Analyst II will partner with senior management on strategic planning initiatives, including market analysis, business case development, and financial impact assessments, and lead special projects and financial analyses as requested by senior leadership, such as benchmarking, productivity studies, and cost-benefit analyses.

Responsibilities

• Analyze monthly, quarterly, and annual financial statements, identifying trends, variances, and key performance indicators (KPIs).
• Develop, maintain, and enhance financial models to support operational decision-making, budgeting, and forecasting processes.
• Assist in the development and reporting of KPIs to track the financial and operational performance of ambulatory services.
• Conduct regular analyses of physician productivity, compensation, and performance metrics, providing recommendations for adjustments and improvements.
• Assist with annual budget process for ambulatory services, working closely with department managers to develop realistic financial targets.
• Collaborate with operational leaders to analyze and improve the financial performance of various ambulatory clinics, including patient volume, payer mix, and service line profitability.
• Partner with senior management on strategic planning initiatives, including market analysis, business case development, and financial impact assessments.
• Lead special projects and financial analyses as requested by senior leadership, such as benchmarking, productivity studies, and cost-benefit analyses.

Requirements

• Bachelor's degree in Finance, Accounting, Business Administration, Data Analytics or a related field.
• Minimum of 5-7 years experience in financial analysis.
• Demonstrated experience with physician compensation analysis and data analytics.
• Advanced proficiency in financial modeling, budgeting, forecasting and data analytics.
• Strong knowledge of healthcare finance.
• Collaborative team player with a customer service orientation.

Nice-to-haves

• Master's Degree
• CPA
• Experience within an academic medical center or ambulatory services environment.