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Accountant II (340B and Funds Flow) - UI Health, Finance

University of Illinois Chicago
life insurance, paid time off, retirement plan
United States, Illinois, Chicago
Dec 06, 2025
Accountant II (340B and Funds Flow) - UI Health, Finance Accountant II (340B and Funds Flow) - UI Health, Finance Hiring Department: Finance Location: Chicago, IL USA Requisition ID: 1037336 FTE: 1.0 Work Schedule: Monday - Friday Shift: Days # of Positions: 1 Workplace Type: Remote Posting Close Date: January 4, 2026 Salary Range (commensurate with experience): $56,102.00 - 96,194.00 / Annual Salary About the University of Illinois Hospital & Health Sciences System (UI Health) The University of Illinois Hospital & Health Sciences System (UI Health) provides comprehensive care, education, and research to the people of Illinois and beyond. A part of the University of Illinois Chicago (UIC), UI Health comprises a clinical enterprise that includes a Joint Commission-accredited tertiary care hospital and outpatient clinics, and the Mile Square Health Center network of federally qualified health centers. It also includes the seven UIC health science colleges: the College of Applied Health Sciences; the College of Dentistry; the School of Public Health; the Jane Addams College of Social Work; and the Colleges of Medicine, Pharmacy, and Nursing, including regional campuses in Peoria, Quad Cities, Rockford, Springfield, and Urbana. UI Health is dedicated to the pursuit of health equity. Learn more: https://hospital.uillinois.edu/about-ui-health This position is intended to be eligible for benefits. This includes Health, Dental, Vision, Life Insurance, a Retirement Plan, Paid time Off, and Tuition waivers for employees and dependents. The Accountant II for 340B Accounting & Funds Flow is responsible for supporting two critical areas of Hospital Finance: (1) ensuring accurate accounting, reconciliation, and compliance for the 340B Drug Pricing Discount Program; and (2) managing the financial tracking and reporting of funds flow between UI Health Hospital and its affiliated units. This position requires strong accounting skills, attention to regulatory detail, and the ability to work collaboratively across finance, compliance, pharmacy, and clinical teams. This position provides a unique opportunity to work at the intersection of compliance-driven program accounting and strategic financial management. By supporting both the 340B program and funds flow processes, the Accountant II helps ensure that UI Health can sustain vital patient care services, expand access to vulnerable populations, and strengthen financial accountability across the enterprise. Duties & Responsibilities: Maintain complete and accurate financial records for 340B transactions, including drug purchases, rebates, and discounts. Reconcile wholesaler invoices, TPA (Third-Party Administrator) data, and internal pharmacy records on a monthly basis. Track contract pharmacy activity and ensure revenues and expenses are properly recorded. Support compliance with HRSA requirements and internal audit standards by maintaining strong documentation and audit trails. Assist with budgeting and forecasting 340B program revenues and savings. Monitor, reconcile, and report on funds flow between UI Hospital, the College of Medicine, and other affiliated units. Record transfers, allocations, and reimbursements related to clinical services, faculty practice plans, and research support. Ensure accuracy and transparency in the execution of funds flow agreements. Prepare analyses of variances and highlight risks or opportunities for leadership. Assist in process improvements to streamline reconciliation and reporting. Prepare journal entries and support month-end and year-end close activities related to both 340B and funds flow. Provide regular and ad hoc financial reports for leadership on program performance, variances, and trends. Support internal and external audits related to both areas of responsibility. Collaborate with other finance staff to ensure alignment with GAAP and organizational accounting policies. Perform other related duties and participate in special projects as assigned. Minimum Qualifications Required: 1. Any one or any combination of the following, totaling three (3) years (36 months), from the categories below: A. Work experience and/or training in Accounting or a closely related field B. College course work and/or training in Accounting or a closely related field including 12 semester hours in accounting 30 semester hours equals one (1) year (12 months) Associate's Degree (60 semester hours) equals eighteen months (18 months) 90 semester hours equals two (2) years (24 months) Bachelor's Degree (120 semester hours) equals three (3) years (36 months) 2. A total of two (2) years (24 months) of experience in professional level accounting work consistent with the next lower level of this series. Note: An advanced degree in accountancy or registration as a Certified Public Accountant may be substituted for one year of professional experience. Preferred Qualifications: Healthcare Accounting Certification. Experience with 340B program accounting and funds flow processes, including responding to audit requests from the US Department of Health and Human Services and the Illinois Department of Healthcare and Family Services, and coordinating funds flow between the UIC Hospital, College of Pharmacy, and affiliated entities to support 340B program compliance. Proficiency in advanced Excel. Experience with ERP systems for higher education (i.e. Banner) or healthcare industry is strongly preferred. Strong reconciliation and variance analysis skills. Ability to manage multiple responsibilities with accuracy and attention to detail. Strong communication skills and ability to work across departments. To Apply: For fullest consideration click on the Apply Now button, please fully complete all sections of the online application including adding your full work history with specific details of your duties & responsibilities for each position held. Fully complete the education, licensure, certification and language sections. You may upload a resume, cover letter, certifications, licensures, transcripts and diplomas within the application. Please note that once you have submitted your application you will not be able to make any changes. In order to revise your application you must withdraw and reapply. You will not be able to reapply after the posting close date. Please ensure the application is fully completed and all supporting documents have been uploaded before the posting close date. Illinois Residency is required within 180 days of employment. The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit Required Employment Notices and Posters to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, and employment eligibility review through E-Verify. The university provides accommodations to applicants and employees. Request an Accommodation To apply, visit https://uic.csod.com/ux/ats/careersite/1/home/requisition/17354?c=uic Copyright 2025 Jobelephant.com Inc. All rights reserved. Posted by the FREE value-added recruitment advertising agency jeid-7304deeab07fe948810565e164c12330