Accountant II; 340B and Funds Flow - UI Health, Finance

Accountant II (340B and Funds Flow) - UI Health, Finance

Hiring Department: Finance

Location: Chicago, IL USA

Requisition : 1037336

FTE: 1.0

Work Schedule: Monday - Friday

Shift: Days

# of Positions: 1

Workplace Type: Remote

Posting Close Date: January 4, 2026

Salary Range (commensurate with experience): $56,102. / Annual Salary

About the University of Illinois Hospital & Health Sciences System (UI Health):

The University of Illinois Hospital & Health Sciences System (UI Health) provides comprehensive care, education, and research to the people of Illinois and beyond. A part of the University of Illinois Chicago (UIC), UI Health comprises a clinical enterprise that includes a Joint Commission-accredited tertiary care hospital and outpatient clinics, and the Mile Square Health Center network of federally qualified health centers.

It also includes the seven UIC health science colleges: the College of Applied Health Sciences; the College of Dentistry; the School of Public Health; the Jane Addams College of Social Work; and the Colleges of Medicine, Pharmacy, and Nursing, including regional campuses in Peoria, Quad Cities, Rockford, Springfield, and Urbana. UI Health is dedicated to the pursuit of health equity.

Learn more: (Use the "Apply for this Job" box below).-health

This position is intended to be eligible for benefits. This includes Health, Dental, Vision, Life Insurance, a Retirement Plan, Paid time Off, and Tuition waivers for employees and dependents.

The Accountant II for 340B Accounting & Funds Flow is responsible for supporting two critical areas of Hospital Finance: (1) ensuring accurate accounting, reconciliation, and compliance for the 340B Drug Pricing Discount Program; and (2) managing the financial tracking and reporting of funds flow between UI Health Hospital and its affiliated units. This position requires strong accounting skills, attention to regulatory detail, and the ability to work collaboratively across finance, compliance, pharmacy, and clinical teams.

This position provides a unique opportunity to work at the intersection of compliance-driven program accounting and strategic financial management. By supporting both the 340B program and funds flow processes, the Accountant II helps ensure that UI Health can sustain vital patient care services, expand access to vulnerable populations, and strengthen financial accountability across the enterprise.

• Maintain complete and accurate financial records for 340B transactions, including drug purchases, rebates, and discounts.
• Reconcile wholesaler invoices, TPA (Third-Party Administrator) data, and internal pharmacy records on a monthly basis.
• Track contract pharmacy activity and ensure revenues and expenses are properly recorded.
• Support compliance with HRSA requirements and internal audit standards by maintaining strong documentation and audit trails.
• Assist with budgeting and forecasting 340B program revenues and savings.
• Monitor, reconcile, and report on funds flow between UI Hospital, the College of Medicine, and other affiliated units.
• Record transfers, allocations, and reimbursements related to clinical services, faculty practice plans, and research support.
• Ensure accuracy and transparency in the execution of funds flow agreements.
• Prepare analyses of variances and highlight risks or opportunities for leadership.
• Assist in process improvements to streamline reconciliation and reporting.
• Prepare journal entries and support month-end and year-end close activities related to both 340B and funds flow.
• Provide regular and ad hoc financial reports for leadership on program performance, variances, and trends.
• Support internal and external audits related to both areas of responsibility.
• Collaborate with other finance staff to ensure alignment with GAAP and organizational accounting policies.
• Perform other related duties and participate in special projects as assigned.

• Any one or any combination of the following, totaling three (3) years (36 months), from the categories below:
  • A. Work experience and/or training in Accounting or a closely related field
  • B. College course work and/or training in Accounting or a closely related field including 12 semester hours in accounting:
    • 30 semester hours equals one (1) year (12 months)
    • Associate's Degree (60 semester hours) equals eighteen months (18 months)
    • 90 semester hours equals two (2) years (24 months)
    • Bachelor's Degree (120 semester hours) equals three (3) years (36 months)
• Two (2) years (24 months) of experience in professional level accounting work consistent with the next lower level of this series.
• Note:
  
  An advanced degree in accountancy or registration as a Certified Public Accountant may be substituted for one year of professional experience.

• Healthcare Accounting Certification.
• Experience with 340B program accounting and funds flow processes, including responding to audit requests from the US Department of Health and Human Services and the Illinois…