Director of Budget and Financial Reporting
university of illinois hospital health sciences systemChicago, IL
Director of Budget and Financial Reporting
university of illinois hospital health sciences systemChicago, ILManager L7
Colleges, Universities, and Professional SchoolsGeneral Medical and Surgical HospitalsSpecialty Hospitals
APPLY NOW (opens in a new tab)Director of Budget and Financial Reporting The Director of Budget and Financial Reporting is a senior Academic Professional responsible for leading the development, integration, and oversight of the University of Illinois Hospital and Health Sciences System operating and capital budgets, financial reporting, and long-range financial planning activities. Reporting within the Finance leadership structure, this role serves as a key financial advisor to executive leadership, clinical and administrative leaders, and University partners. The Director plays a critical role in ensuring financial transparency, stewardship of public resources, and alignment between institutional strategy, operational performance, and University reporting requirements within a complex academic medical center environment.
Duties & Responsibilities:
- Budget Development and Financial Planning
- Lead the annual operating and capital budget process for the hospital and affiliated entities
- Develop budget assumptions, guidance, timelines, and standardized methodologies
- Review departmental budget submissions for accuracy and alignment with institutional priorities
- Partner with leadership to evaluate staffing, clinical, academic, and capital initiatives
- Monitor budget performance and provide variance analysis and forecasts
- Financial Reporting and Stewardship
- Oversee preparation of monthly, quarterly, and annual financial reports
- Ensure compliance with accounting standards, University policies, and regulations
- Translate financial results into clear executive level narratives
- Support audits and promote transparency and accountability
- Strategic and Long Range Financial Analysis
- Support multiyear financial forecasts and long range plans
- Analyze financial impacts of strategic initiatives and regulatory changes
- Leadership and Collaboration
- Lead and develop professional staff
- Serve as a trusted advisor to leadership
- Collaborate with University finance partners and College of Medicine leadership
- Perform other related duties and participate in special projects as assigned.
Qualifications
Minimum Qualifications:
Bachelor's degree in Finance, Accounting, Business Administration, or related field.
Seven or more years of progressive experience in healthcare finance or budgeting.
Experience managing complex budgets in large organizations.
Strong analytical and communication skills.
Experience supervising professional staff.
Preferred Qualifications:
Master's degree in Business Administration, Healthcare Administration, Finance, or Accounting. CPA, CMA, or similar certification.
Experience in an academic medical center or public healthcare environment.
Knowledge of hospital reimbursement and funds flow models.
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
Artificial Intelligence (AI) tools may be used in some portions of the candidate review process for this position, however, all employment decisions will be made by a person.
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Level
Manager L7
Location
Chicago, IL
Occupation
Financial Managers
Industry
Colleges, Universities, and Professional Schools
Posted
today