Faculty Compensation Analyst Senior

Ann & Robert H. Lurie Childrens Hospital of Chicago provides superior pediatric care in a setting that offers the latest benefits and innovations in medical technology research and familyfriendly design. As the largest pediatric provider in the region with a 140year legacy of excellence kids and their families are at the center of all we do. Ann & Robert H. Lurie Childrens Hospital of Chicago is ranked in all 10 specialties by the U.S. News & World Report.

General Summary:

The Faculty Compensation Analyst Sr will support the Lurie Childrens Medical Group (LCMG) Director Faculty Compensation Administration LCMG Sr. Director and Chief Administrative Officer (CAO) in the oversight and administration of faculty compensation plan for each of LCMGs seven Operating Units.

This role supports projects impacting areas of compensation design benchmarking and faculty and provider productivity partnering with Department Leaders administrative leadership finance legal services and human resources. Other responsibilities include monitoring KPIs evaluating opportunities and making recommendations for improvement supporting new projects workflows and improving faculty and provider recruitment and retention strategies. This role will also support the annual budgeting process and support other projects and new programs from development to implementation in a multitude of ways to support the operations and financial success of LCMG.

Essential Job Functions:

• Provides consultative support to Department Leadership offering guidance and interpretation of faculty and physician compensation programs and policies to support departments in ensuring their compensation plan follows the medical centers philosophy and is achieving the strategic goals of the medical group.
• Supports departments in evaluating and implementing revisions and enhancements to their compensation plans.
• Provides routine reports and supports faculty and administrative leadership on compensation levels and cost projections for budgetary measures.
• Interprets analyzes and implements compensation arrangements in faculty employment agreements based on established organization protocols and methodology (i.e. offer letters benefits benchmarking etc.
• Conducts benchmarking and internal equity analysis to formulate recommendations that ensure competitive costeffective and legally compliant faculty compensation.
• Evaluates opportunities for process improvement and introduction of best practice methodologies for enhancing faculty and provider productivity.
• Conduct market and standard process research to formulate and support compensation recommendations.
• Routinely prepares and distributes compensation and productivity reconciliation summaries for faculty and providers to administrative and clinical leaders.
• Participates and completes annual physician compensation and productivity surveys.
• Ensures pay practices remain aligned with federal state and local regulations
• Analyzing compensation data throughout the year to ensure accurate administration including reviewing payroll files and validating pay as well as processing moonlighting pay for faculty
• Participates and collaborates closely with legal services and consultants on the data gathering and analysis for Fair Market Value (FMV)regulatory compliance and commercial reasonableness (CR).
• Other functions as assigned to support the business operations of LCMG.

Knowledge Skills and Abilities:

• Bachelors degree in Business Finance Healthcare Administration or a related field.
• two or more years of experience in faculty compensation planning or administration business analytics financial modeling or healthcare operations with a focus on datainformed decisionmaking. Experience working with physicians and physician leadership preferred.
• Demonstrated understanding of faculty practice compensation operations in an academic medical center. Experience in development design and implementation of large complex faculty compensation programs preferred.
• Indepth knowledge of current physician compensation trends and practices to inform design and ensure accurate reporting. Understanding of pay practices to remain aligned with federal state and local regulations.
• Advanced proficiency in Microsoft Excel and PowerPoint required (advanced functions pivot tables and data visualization) and other analytics tools such as Power BI or Tableau. Advanced knowledge on data collection processes and utilizing Excel to construct financial models preferred.
• Strong analytical and problemsolving skills with demonstrated ability to create financial models and perform complex analyses.
• Excellent communication and presentation skills with the ability to translate complex data into actionable insights.
• Ability to work independently and collaboratively within a team demonstrating initiative and adaptability in a dynamic environment.
• Strong organizational and project management skills including the ability to manage multiple priorities and deadlines.

Ability to communicate effectively in a leadership role with clinical business and administrative staff

Education

Pay Range

At Lurie Childrens we are committed to competitive and fair compensation aligned with market rates and internal equity reflecting individual contributions experience and expertise. The pay range for this job indicates minimum and maximum targets for the position. Ranges are regularly reviewed to stay aligned with market conditions.In addition to base salary Lurie Childrens offer a comprehensive rewards package that may include differentials for some hourly employees leadership incentivesfor select roles health and retirement benefits and wellbeing programs. For more details on other compensation consult your recruiter or click the followinglink to learn more about our benefits.

Benefit Statement

For full time and part time employees who work 20 or more hours per week we offer a generous benefits package that includes:

Medical dental and vision insurance

Employer paid group term life and disability

Employer contribution toward Health Savings Account

Flexible Spending Accounts

Paid Time Off (PTO) Paid Holidays and Paid Parental Leave

403(b) with a 5 employer match

Various voluntary benefits:

• Supplemental Life AD&D and Disability

• Critical Illness Accident and Hospital Indemnity coverage

• Tuition assistance

• Student loan servicing and support

• Adoption benefits

• Backup Childcare and Eldercare

• Employee Assistance Program and other specialized behavioral health services and resources for employees and family members

• Discount on services at Lurie Childrens facilities

• Discount purchasing program

Theres a Place for You with Us

At Lurie Childrens we embrace and celebrate diversity and equity in a serious way. We are committed to building a team with a variety of backgrounds skills and viewpoints recognizing that diverse identities strengthen our workplace and the care we can provide to the Chicago community and beyond. We treat everyone fairly appreciate differences and make meaningful connections that foster belonging and allyship. This is a place where you can be your best so we can give our best to the patients and families who trust us with their care.

Lurie Childrens and its affiliatesare equal employment opportunity employers. We value diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race color sex sexual orientation gender identity or expression religion national origin ancestry age disability marital status pregnancy protected veteran status order of protection status protected genetic information or any other characteristic protected by law.

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