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Director-Physician Compensation Full-Time Days
1 month ago
At Northwestern Medicine, every patient interaction makes a difference in cultivating a positive workplace. This patient-first approach is what sets us apart as a leader in the healthcare industry. As an integral part of our team, you'll have the opportunity to join our quest for better healthcare, no matter where you work within the Northwestern Medicine system. At Northwestern Medicine, we pride ourselves on providing competitive benefits: from tuition reimbursement and loan forgiveness to 401(k) matching and lifecycle benefits, we take care of our employees. Ready to join our quest for better?
Job DescriptionThe Director of Physician Compensation reflects the mission, vision, and values of NM, adheres to the organizations Code of Ethics and Corporate Compliance Program, and complies with all relevant policies, procedures, guidelines and all other regulatory and accreditation standards.
The Director of Physician Compensation contributes to Northwestern Medicines success by driving the design, planning, and implementation of effective compensation programs. The Director will ensure that the compensation program offered supports the organization's strategic objectives and market competitiveness. This position is responsible for broad based employee compensation programs ensuring alignment with and support of our patients first focus. The Director will assess operational effectiveness and recommend changes or process improvements where necessary.
Description
Leads team responsible for:
- Financial & Operational Performance:
- Coordinator on annual physician compensation budget & planning process, working with Departmental and Operational helping to ensure the creation of accurate, realistic, and optimized fiscal year budgets
- Work with NM Payroll with the interpretation of compensation plan results, ensuring timely and accurate payments.
- Perform monthly review and analysis of operational performance relative to NM’s productivity goals.
- Liaise with NM leadership on the assessment of key compensation metrics and other ad-hoc analyses.
- Ensure accuracy and timely dissemination of operational dashboard reports and other standard management information.
- Stakeholder Coordination:
- Work with Departmental and Service Line operational leadership on ad-hoc requests and analyses designed to support discussions and decisions related to individual physician compensation.
- Coordinate with NM BI/Analytics to perform regular quality control analyses, ensuring accurate NM physician compensation calculations and other model outputs.
- Assist in the planning, development, and maintenance of the web based compensation tool.
- Market Reviews & Business Development:
- Build and maintain dynamic models that will allow for analysis of market adjustment recommendations compared to relevant national benchmark, and identification of related expense impact.
- Build robust analytical models to analyze new/potential growth and strategic initiatives.
- Facilitate MD Compensation Executive Workgroup
- Lead MD Compensation annual budget and investment process, including materials for MD Compensation Committee of NMHC Board of Directors
- Reports to Vice President of HR and supports other HR Executives, including the Senior Vice President of Human Resources, on compensation-related matters, strategic projects, etc.
- Serves as member of the Human Resources Operations leadership team
Required:
- Bachelor's Degree in related field with advanced degree preferred
- 10+ years of leadership experience, within the HR function and preferably within Compensation
- Proven leadership skills, with focus on coaching, developing the team
- High level of business and financial acumen, with the ability to think strategically
Preferred:
- Certified Compensation Professional (CCP), Certified Public Accountant (CPA), or Profession in Human Resources (PHR)
- Healthcare experience a plus
Additional Information
Northwestern Medicine is an affirmative action/equal opportunity employer and does not discriminate in hiring or employment on the basis of age, sex, race, color, religion, national origin, gender identity, veteran status, disability, sexual orientation or any other protected status.
