Director of Accounting

Position Summary

The Director of Accounting provides oversight and management of all accounting and financial reporting functions for the campus. This role ensures audit interactions, financial policies, procedures, regulatory compliance, and internal controls align with College of Medicine and University of Illinois standards. The Director collaborates with department admins on reconciliations for hospital affiliates, oversees invoices linked to revenue agreements, and promotes the College’s financial well‑being through budget management, cash balance monitoring, and safeguarding financial assets.

The Director supports the Executive Director for Fiscal Affairs in developing and implementing sound financial strategies that advance the mission, goals, and fiscal sustainability of the medical school.

• Provide executive leadership to develop and direct budget planning, execution, and reporting activities. Develop complex cost accounting, cost/benefit analysis, and pro‑forma statements for management decision making and 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.
• Work in collaboration with the Director of Operations to manage the accounting functions of all revenue and expense agreements.
• 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, petty cash, and revenue accounting.
• Design and coordinate accounting‑related meetings and training for all accounting staff and departmental leadership including business admins.
• Generate monitoring and reporting for all College sources of funds—State, MSP, grants, contracts, and others.
• Oversee the auditing functions within the accounting team to ensure compliance with GAAP. Guide the team during the review of financial audit results and assist in identifying trends or issues uncovered during the process.
• Interface with various committees—including MSP‑related committee work—as well as other campus committees and ad hoc operational groups.
• Develop, nurture, and maintain professional business relationships with internal and external partners, including leadership of local healthcare systems, governmental and community agencies, and other organizations.
• Plan, assign, and review staff work to ensure group objectives are met. Hire, train, develop, and manage staff to guarantee a qualified team.
• Participate in the annual budget process with the Executive Director for Fiscal Affairs.
• Assist the Associate Dean for Clinical Affairs and Regional Clinical Strategy with developing business plans when evaluating new clinical services and enhancing existing services.
• Perform other related duties and participate in special projects as assigned.
• This job description reflects the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. Nothing restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

• Master’s degree in business, finance, accounting, or public administration.
• Minimum of seven years progressively responsible related work experience.
• Knowledge of generally accepted accounting standards.
• 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, team‑building, and multi‑tasking.
• Strong organizational and leadership skills.

• CPA, MBA, or Healthcare‑related Master’s degree.
• Experience in nonprofit, public sector, or higher education.
• Knowledge of Banner accounting system.

• Director

• Full‑time

• Accounting / Auditing and Finance

• Higher Education