Executive Director, Physician & Faculty Compensation

About the role

The University of Miami is seeking an experienced leader to direct physician and faculty compensation strategy, ensuring competitive, compliant, and market-aligned programs across the academic medical enterprise.

Responsibilities

• Leads the strategy, design, and administration of compensation programs for physicians and faculty within an academic medical center environment.
• Ensures all compensation arrangements are fair market value (FMV), commercially reasonable, and compliant with applicable federal and state regulations, including Stark Law and Anti-Kickback Statute requirements.
• Pairs closely with clinical, academic, and administrative leadership to develop productivity-based and mission-driven compensation models that support organizational goals related to patient care, research, education, and financial performance.
• Oversees faculty compensation governance processes, contract administration, and market benchmarking, while monitoring industry trends to inform compensation strategies.
• Leads the design, implementation, and ongoing evaluation of physician and faculty compensation models, including base salary, productivity incentives (e.g., wRVUs), quality metrics, and academic incentives.
• Partners with the Compensation Committee and executive leadership to ensure alignment with institutional strategy and market practices.
• Collaborates closely with Compliance, Finance, Human Resources, and Clinical Operations teams on compensation-related matters.
• Builds strong relationships with academic and clinical leadership to ensure transparency and understanding of compensation models.
• Prepares and presents compensation analyses and recommendations to senior leadership and governing bodies.
• Maintains compliance with all applicable regulatory requirements, including Stark Law, Anti-Kickback Statute, and IRS guidelines for tax-exempt organizations.
• Establishes and monitors internal controls and audit processes related to physician and faculty compensation programs.
• Oversees market benchmarking using national compensation surveys (e.g., MGMA, AAMC, SullivanCotter) to inform compensation structures and pay decisions.
• Provides advanced analytics related to productivity (wRVUs), compensation per wRVU, collections, and performance trends by specialty and provider.
• Identifies emerging market trends and provides strategic recommendations to leadership.
• Supports recruitment and retention efforts through development of competitive compensation packages, including start-up funding and ramp-up models.
• Provides historical performance and productivity data to inform recruitment and compensation plan design.
• Oversees the administration and lifecycle management of all physician and faculty employment agreements, including initial contracts, amendments, and renewals.
• Ensures accurate and complete documentation of compensation terms, incentive plans, and supporting FMV analyses.
• Develops and manages compensation budget guidelines, including forecasting physician and faculty compensation costs based on productivity and growth projections.
• Supports business planning efforts through modeling of compensation scenarios and financial impact analyses.
• Leads the development and standardization of compensation data infrastructure to ensure accuracy, consistency, and accessibility across departments.
• Oversees reporting frameworks and dashboards related to compensation, productivity, and financial performance.
• Ensures effective data governance and integration across systems supporting physician and faculty compensation.
• Ledges the implementation and ongoing enhancement of systems supporting physician compensation (e.g., reporting tools, compensation management systems).
• Oversees testing, validation, and maintenance of compensation-related systems and reporting tools.
• Develops educational resources and training for leaders and staff on compensation programs and processes.
• Establishes and continuously assesses the effectiveness of the internal controls within the unit and compliance with University policies and procedures.
• Ensures employees are trained on controls within the function and on University policy and procedures.

Qualifications

• Education: Bachelor’s degree in relevant field required.
• Experience: Minimum 7 Years Of Relevant Experience Required.
• Knowledge, Skills and Abilities: Strategic Alignment: Skilled in aligning departmental goals with enterprise-wide strategy and develops comprehensive strategic plans.
  Fiscal Management: Ensures fiscal responsibility, and optimization of financial performance.
  Resource Management: Ability to allocate resources and drive innovation and growth.
  Adaptability: Proven ability to adjust to changes and leads/inspires transformational change.
  Team Leadership: Ability to build and lead high-performing teams, manage complex projects, and ensure successful project delivery.
  Technology & Analytics: Understanding of technology, data analytics, and performance measurement to drive strategic decisions and identify opportunities.
  Communication: Ability to influence others, articulate strategic vision, and ensure clear and persuasive communication.