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Director of Finance and Accounting

Employer
The University of Illinois College of Medicine Rockford
Location
Rockford, Illinois
Salary
Commensurate with experience
Closing date
Oct 29, 2021

Job Details

The University of Illinois at Chicago College of Medicine Rockford seeks applications for a full-time Director of Finance and Accounting. This position promotes the financial well-being of the College of Medicine Rockford. Responsibilities include all financial and accounting operations; strategic financial planning and budgeting; audit interactions; collaboration with other health sciences colleges on the Rockford campus and ensuring that all financial policies and procedures are compliant with regulatory controls and University policies and procedures. The Director of Finance and Accounting reports to the Regional Dean and is a member of the College of Medicine Rockford senior leadership team.

Rockford is a progressive, mid-sized metropolitan area in northern Illinois, one hour west of Chicago and one hour south of Madison, Wisconsin. The city has minor league baseball and hockey, numerous golf courses, an award-winning park system, three botanical gardens, an art museum, theaters, a revitalizing downtown, and a river walk. Public and several private school systems are available.

Description: 

The Director of Finance and Accounting provides essential financial reporting and guidance to the Regional Dean. Responsible and accountable for all financial and accounting operations; strategic financial planning and budgeting; audit interactions; financial policies, procedures, applicable regulatory compliance, and internal controls, all consistent with the College of Medicine and overall University of Illinois policies and procedures. Collaborate and coordinate with the College of Pharmacy and the College of Nursing on applicable Rockford campus financial and business standards and activities. Promotes the financial well-being of the College by providing budget management, monitoring of appropriate cash balances, exercising executive control over College of Medicine Rockford budgets, and safeguarding all financial assets of the College

Duties:

  • Responsible for the design, maintenance, and adaptation of all required accounting and financial management systems necessary to provide comprehensive stewardship of the College of Medicine operating assets.
  • Responsible for the collection and analysis of the College’s financial information. Reports costs and expenditures offer financial recommendations and advise the Regional Dean on financial decisions.
  • Oversee and monitor the fiscal activities and performance of the various departments and programs, ensuring compliance with professional accounting standards, rules, regulations, and laws by directing, supervising, and facilitating the preparation and maintenance of required and appropriate financial records, monthly and annual financial reports, and all other financial reporting as may be required by the University.
  • Provide executive leadership to develop and direct a range of budget planning, execution, and reporting activities. Develop complex cost accounting, cost/benefit analysis and pro-forma statements for management decision making and to evaluate risk.
  • Possess a broad understanding of all facets of the College of Medicine to work effectively with the Regional Dean, senior administrators, faculty, Department Heads and staff.
  • Oversee the procurement function for the College including cash receipts management and purchasing.
  • Direct the daily accounting functions of the College through appropriate technical staff. Oversee all account establishment, obligation, vouchering and payroll processes, account transfers, miscellaneous transfers, student loan payments, petty cash, and revenue accounting. Coordinate all submittal and communications regarding fiscal matters with the Chicago campus. Generate all monitoring and reporting for all College sources of funds – State, MSP, Residency, grants, contracts, and others.
  • Responsible for continuously monitoring, evaluating and communicating the financial status of the MSP so that the information may be acted upon promptly and effectively. Perform quantitative work for the MSP including developing revenue and cost projections; budgeting; cash flow projection, performance monitoring, reporting, and projection; preparation of various key performance indicator reports; and other reports as required. Develop timely model/options for MSP decision-making and problem-solving.
  • Provide oversight and direction to the management of the business/financial and administrative operations relative to Managed Care and all other contracts.
  • Collaborate and coordinate with the College of Pharmacy and the College of Nursing on applicable Rockford campus financial and business standards and activities such as facilities management, grants and contracts.
  • Oversee the calculation and processing of payments, management reports and analysis of all fund balances. Prepare and analyze monthly roll-up financial reports on all funding sources. Oversee monthly closing process. Prepares year-end and closing entries.
  • Responsible for managing all aspects of financial internal/external audits of the College and working with the College of Pharmacy and the College of Nursing on any internal/external audit activities as identified needs arise.
  • Oversee grant and contract budgets including ICR expenditures. Direct grant close-out process while monitoring accounting-related issues and transfers.
  • Interface with various committees including MSP-related committee work, as well as other campus committees and other ad hoc operational groups.
  • Develop, nurture and maintain professional business relationships with internal and external partners including the leadership of local healthcare systems, governmental and community agencies and other organizations.
  • Plan, assign and review work of staff to ensure that group objectives are met. Hire, train, develop and manage staff to ensure that a qualified staff exists to meet group objectives.
  • Perform other related duties and participate in special projects as assigned.

Qualifications: 

  • Master’s degree in business, finance, accounting or public administration required; CPA, MBA, or Healthcare related Master’s degree preferred.
  • Minimum of seven years of financial leadership experience in the preparation of financial statements and financial planning and/or business administration and management experience. Experience in a healthcare environment preferred.
  • Knowledge of generally accepted accounting standards. Knowledge of Banner accounting system preferred. 
  • Microsoft Office proficiency, particularly Excel, and the ability to utilize various financial systems/databases. Outstanding communication skills, including written, verbal, and presentation skills
  • Skills in collaborative planning and decision-making, networking, team-building and multi-tasking. Strong organizational and leadership skills

For fullest consideration, submit an application, CV, letter of interest and list of three references by October 8, 2021. Applications will be accepted until October 29.


The University of Illinois at Chicago is an affirmative action, equal opportunity employer that has a strong institutional commitment to the principle of diversity and is particularly interested in receiving applications from a broad spectrum of people. We do not discriminate on the basis of sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.

Offers of employment by the University of Illinois may be subject to approval by the University’s Board of Trustees and are made contingent upon the candidate’s successful completion of any criminal background checks and other pre-employment assessments that may be required for the position being offered. Additional information regarding such pre-employment checks and assessments may be provided as applicable during the hiring process.

The University of Illinois System requires candidates selected for hire to disclose any documented finding of sexual misconduct or sexual harassment and to authorize inquiries to current and former employers regarding findings of sexual misconduct or sexual harassment. 

Company

Since its founding in 1971, the University of Illinois College of Medicine Rockford has been committed to developing an optimal learning environment for training health care professionals, conducting innovative research and improving the health and wellness of our society.

Educational programs include the Doctor of Medicine Program, the Master of Science in Medical Biotechnology Program, the Family Medicine Residency Program and the Hospice and Palliative Care Fellowship Program. The Rural Medical Education Program is one of the strongest rural programs in the nation, employing a “grow-your-own” model by recruiting students from rural Illinois communities who express a desire to return to a rural Illinois community to practice medicine.   

The UI Health L.P. Johnson Family Health Center in mid-town Rockford provides clinical experiences for medical students and is home to the Family Medicine Residency Program. Close affiliations with local health systems, clinics and other facilities allow our students to continue a tradition of hands-on clinical experiences throughout their medical education.

Research is also flourishing at the College of Medicine Rockford. The Regenerative Medicine and Disability Laboratory focuses on fighting human motor neuron diseases and improving the integration of metal implants into the surrounding bone tissue. Other research focuses on lung cancer detection, prostate cancer treatments, vaccine development, immunotherapy and much more. Students also have opportunities to get involved in research projects and many present their findings at a variety of meetings our annual Research Day. 

We are committed to improving health and wellness through collaborations with partners around the world and community service projects right in our neighborhood, as well as through programs such as the Medical Evaluation Response Initiative Team (MERIT) that provides examinations for children suspected of being abused.    

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