Physician/Faculty Compensation Analyst

The Physician/Faculty Compensation Analyst is responsible for providing analytic support related to physician/faculty and provider compensation and productivity efforts and the related Data Repository and Reporting Solution (Solution). Under the direction of the Physician/ Faculty Compensation Leader, the analyst manages the technical elements of faculty and physician compensation, documentation, and communication; contributes to planning the initial and subsequent Solution rollout schedules; and analyzes the faculty and physician productivity and compensation plans.

DUTIES AND RESPONSIBILITIES

Data Repository and Reporting Solutions

• Implements and updates the Data Repository and Reporting Solution. Develops and applies various controls and processes to maintain the accuracy, completeness, and validity of data throughout its lifecycle.
• Collects, consolidates, and reports faculty and physician compensation and productivity data.
• Conducts extensive data mining and abstracting of faculty physician productivity data for reporting needs.
• Develops, refines, implements, and communicates enhancements to the Solution.
• Understands reporting requirements and uses of the data and ensures reports and dashboards support the development of data-driven insights.
• Designs and implements a standard process for productivity and compensation report distribution and mechanisms to support transparency.
• Continually improves the Solution design to enhance the user experience and number of useful applications (year-end communications, real time reporting, incentive calculation and communication).

Data Integrity

• Conducts validation checks, access controls, regular backups, and audits.
• Resolves data and analytic errors.
• Refines all repository data elements for all funding (including Clinical, Academic, Research, Teaching and Service - CARTS) pay and productivity elements, ensuring the accuracy of data and the integrity and stability of data sources.
• Collaborates with departments to ensure data integrity and process improvement.

Reporting

• Performs analysis, identifies results, and presents findings to support informed decision-making.
• Prepares and ensures the distribution of faculty and physician compensation and productivity reports, compensation letters, and any other associated data to leadership and providers.
• Analyzes compensation plan outcomes against plan designs and goals and calculates the impact of compensation plan changes on both compensation and productivity, and audits compensation plans outcomes.
• Develops visual models and presentations that highlight opportunities to support strategic planning and initiatives, improve performance, project future demand, and advance Medical School (UMMS) and M Physicians goals.
• Analyzes large data sets to identify trends and patterns.
• Presents actionable data to end users in appropriate formats, including reports using Microsoft Access, Word, Excel, or PowerPoint.
• Supports users in interpreting and presenting data, including presentations to individuals and groups.
• Develops, implements, and maintains various data reporting structures.
• Prepares executive reports for review by UMMS/MPhysicians leadership and the Faculty Compensation Committee.
• Develops and maintains reports for compensation survey participation.
• Conducts market research and analyzes industry-specific trends to ensure compensation models are competitive, sustainable, and aligned with corporate performance standards.
• Supports and ensures a consistent approach to the financial analysis and impact modeling required for compensation plan development, effectiveness, and sustainability.
  
  

QUALIFICATIONS

• Bachelor of Arts or Science in business, finance, accounting, data analytics/science, human resources, computer science, or related field
• 6 years of experience in compensation modeling, with at least 2 years experience with faculty physician compensation models
• 3 years of experience managing large databases with complex financial and data analysis
• Excellent statistical analysis, data mining, and data modeling skills.
• Knowledge of programming languages for database management.
• Ability to create clear and informative visualizations using tools like Tableau or Power BI.
• Ability to effectively communicate findings and insights to both technical and non-technical audiences.
• Ability to identify and solve problems using data analysis techniques.
• Understanding of business processes and how data can be used to drive business decisions.

Committed to innovation and diversity, the Medical School educates physicians, scientists, and health professionals; generates knowledge and treatments; and cares for patients and communities with compassion and respect. We value excellence, inclusiveness, collaboration, and discovery.

The mission of the regional campus located in Duluth is to be a national leader in improving healthcare access and outcomes in rural Minnesota and American Indian/Alaska Native (AI/AN) communities. In partnership with CentraCare, the regional campus in St. Cloud offers a wide range of patient experiences throughout students' education in Greater Minnesota and prepares them to become exceptional clinicians and leaders for rural and immigrant populations.

Founded in 1888, the University of Minnesota Medical School has three campuses. A four-year MD program and the MD/PhD program are located on the Twin Cities campus in addition to MD programs at regional campuses in Duluth and St. Cloud.

Pay Range: $110,000 -$125,000; depending on education/qualifications/experience

Time Appointment Category: 100% Appointment

Position Type: Faculty and P&A Staff

Please visit the Office of Human Resources website for more information regarding benefit eligibility.

The University offers a comprehensive benefits package that includes:

• Competitive wages, paid holidays, and generous time off
• Continuous learning opportunities through professional training and degree-seeking programs supported by the Regents Tuition Benefit Program
• Low-cost medical, dental, and pharmacy plans
• Healthcare and dependent care flexible spending accounts
• University HSA contributions
• Disability and employer-paid life insurance
• Employee wellbeing program
• Excellent retirement plans with employer contribution
• Public Service Loan Forgiveness (PSLF) opportunity
• Financial counseling services
• Employee Assistance Program with eight sessions of counseling at no cost
• Employee Transit Pass with free or reduced rates in the Twin Cities metro area

Applications must be submitted online. To be considered for this position, please click the Apply button and follow the instructions. You will be given the opportunity to complete an online application for the position and attach a cover letter and resume.

Additional documents may be attached after application by accessing your "My Job Applications" page and uploading documents in the "My Cover Letters and Attachments" section.

To request an accommodation during the application process, please e-mail employ@umn.edu or call (612) 624-8647.

The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds.

The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U: http://diversity.umn.edu

Any offer of employment is contingent upon the successful completion of a background check. Our presumption is that prospective employees are eligible to work here. Criminal convictions do not automatically disqualify finalists from employment.

The University of Minnesota, Twin Cities (UMTC)

The University of Minnesota, Twin Cities (UMTC), is among the largest public research universities in the country, offering undergraduate, graduate, and professional students a multitude of opportunities for study and research. Located at the heart of one of the nation's most vibrant, diverse metropolitan communities, students on the campuses in Minneapolis and St. Paul benefit from extensive partnerships with world-renowned health centers, international corporations, government agencies, and arts, nonprofit, and public service organizations.

At the University of Minnesota, we are proud to be recognized by the Star Tribune as a Top Workplace for 2021, as well as by Forbes as Best Employers for Women and one of America's Best Employers (2015, 2018, 2019, 2023), Best Employer for Diversity (2019, 2020), Best Employer for New Grads (2018, 2019), and Best Employer by State (2019, 2022).