Faculty Compensation Analyst Sr

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

About the Role

The Faculty Compensation Analyst, Sr will support the Lurie Children’s Medical Group (LCMG) Director, Faculty Compensation Administration, LCMG Sr. Director, and Chief Administrative Officer (CAO) in the oversight and administration of faculty compensation plan execution for each of LCMG’s 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. Responsibilities include monitoring KPIs, evaluating opportunities for improvement, supporting new projects and workflows, and enhancing faculty and provider recruitment and retention strategies. The role also supports the annual budgeting process and other projects from development to implementation to ensure the operations and financial success of LCMG.

Responsibilities

• Provides consultative support to Department Leadership, offering guidance and interpretation of faculty and physician compensation programs and policies to ensure alignment with the medical center’s philosophy and strategic goals.
• 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 (e.g., offer letters, benefits, benchmarking).
• Conducts benchmarking and internal equity analysis to formulate recommendations that ensure competitive, cost-effective, and legally compliant faculty compensation.
• Evaluates opportunities for process improvement and introduction of best practice methodologies for enhancing faculty and provider productivity.
• Conducts 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 in and completes annual physician compensation and productivity surveys.
• Ensures pay practices remain aligned with federal, state, and local regulations.
• Analyzes compensation data throughout the year to ensure accurate administration, including reviewing payroll files, validating pay, and processing moonlighting pay for faculty.
• Collaborates closely with legal services and consultants on data gathering and analysis for Fair Market Value (FMV), regulatory compliance, and commercial reasonableness (CR).
• Performs other functions as assigned to support the business operations of LCMG.

Requirements

• Bachelor’s 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 data-informed decision-making.
• 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.
• In-depth 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.

Skills

• Advanced proficiency in Microsoft Excel and PowerPoint (advanced functions, pivot tables, and data visualization) and other analytics tools such as Power BI or Tableau.
• Advanced knowledge of data collection processes and utilizing Excel to construct financial models preferred.
• Strong analytical and problem-solving 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.

Pay

The pay range for this position is $76,960.00–$125,840.00. At Lurie Children’s, we are committed to competitive and fair compensation aligned with market rates and internal equity, reflecting individual contributions, experience, and expertise.

Benefits

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 insurance.
• Employer contribution toward Health Savings Account.
• Flexible Spending Accounts.
• Paid Time Off (PTO), paid holidays, and paid parental leave.
• 403(b) retirement plan with a 5% employer match.
• Various voluntary benefits, including:
  • Supplemental Life, AD&D, and Disability.
  • Critical Illness, Accident, and Hospital Indemnity coverage.
• Tuition assistance and 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 Children’s facilities.
• Discount purchasing program.