Job Summary
The Department of Internal Medicine is seeking a Faculty Earnings Specialist to play a key role in managing faculty compensation, payroll processes, and financial reporting. This is a great opportunity to leverage your analytical expertise and attention to detail while working with a highly collaborative team that values diverse perspectives and inclusive problem-solving.
As a Faculty Earnings Specialist, you will partner with another specialist to manage compensation activities for faculty across thirteen sub-specialty divisions. You'll work closely with the finance team, payroll, and departmental leadership to ensure faculty salaries, effort allocations, and incentive programs are accurately tracked and processed. Additionally, you'll have the opportunity to drive process improvements and contribute to financial reporting initiatives.
Mission Statement
Michigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally. Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.
Why Join Michigan Medicine?
Michigan Medicine is one of the largest health care complexes in the world and has been the site of many groundbreaking medical and technological advancements since the opening of the U-M Medical School in 1850. Michigan Medicine is comprised of over 30,000 employees and our vision is to attract, inspire, and develop outstanding people in medicine, sciences, and healthcare to become one of the world’s most distinguished academic health systems. In some way, great or small, every person here helps to advance this world-class institution. Work at Michigan Medicine and become a victor for the greater good.
What Benefits can you Look Forward to?
- Excellent medical, dental and vision coverage effective on your very first day
- 2:1 Match on retirement savings
Responsibilities*
- Work closely with the finance team to ensure accurate payroll reconciliation, track deferred compensation, and support faculty merit/incentive programs.
- Monitor and report on faculty salaries, including total effort and salary changes, split/joint appointments, and VA salary adjustments.
- Process and approve faculty compensation Personnel Action Requests (PARs) in Wolverine Access to ensure payroll accuracy.
- Act as a primary contact for University Payroll, managing faculty recruitment advertising placement and payment processing.
- Collaborate with Internal Medicine Business Process Consultants to streamline faculty data and compensation reporting.
- Support process innovation and continuous improvement efforts within faculty affairs.
What You'll Need to Succeed
- Strong analytical and problem-solving skills with a keen eye for detail.
- Ability to manage multiple projects simultaneously and meet deadlines.
- A service-oriented approach, with excellent communication and collaboration skills.
- Proficiency in spreadsheets and databases, with the ability to track and analyze financial data.
- Initiative and self-direction to follow up on outstanding issues.
Required Qualifications*
- Bachelors degree in finance, accounting, business administration, or a related field.
- 4-5 years of professional experience in finance, compensation, payroll, or related functions.
- Proficiency with spreadsheet and database software.
- Strong ability to communicate effectively, coordinate multiple projects, and self-motivate.
Desired Qualifications*
- Experience managing faculty compensation in an academic or healthcare setting.
- Familiarity with University of Michigan systems, especially Wolverine Access.
We encourage candidates to apply even if they do not meet every qualification listed.
Work Schedule
Monday - Friday, 8:00 a.m. - 5:00 p.m. (40 hours per week), 100% remote.
Modes of Work
Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes.
Additional Information
This role offers the opportunity to work in a high-impact, collaborative environment, applying financial and analytical expertise to support faculty success. You'll have the chance to innovate, optimize processes, and contribute to meaningful initiatives that support academic medicine.
Background Screening
Michigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings. Background screenings are performed in compliance with the Fair Credit Report Act. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.
Application Deadline
Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled anytime after the minimum posting period has ended.
U-M EEO/AA Statement
The University of Michigan is an equal opportunity/affirmative action employer.