Financial Analyst Grants

Children's National Hospital • Silver Spring, MD

336d • $52,728 - $87,859

About The Position

The Financial Analyst Grants works directly with Business Office Leadership and assigned faculty in the management of financial and compliance activities related to sponsored and non-sponsored programs. The FA performs analysis and projections relating to business or research trends, oversees the development and monitoring of departmental, non-sponsored, discretionary and sponsored budgets, plans and determines costs of business activities; recommends budget adjustments and other cost improvement measures and close out terminated grants and contracts, transfers funding and produces summary documents. This position ensures that all funding is received and that expenditures do not exceed revenue, develops financial planning and cost analysis reports, meets with faculty to review and ensures compliance with hospital and/or agency regulations and restrictions, and performs comprehensive financial analysis to improve departmental financial effectiveness and compliance with CNRI and/or agency regulations and restrictions.

Requirements

• Bachelor's Degree in Finance, Accounting, Business Administration, Hospital Administration, Public Administration or other business and healthcare related field.
• 1 year progressive related experience in finance, accounting, business, grants management or related field.

Nice To Haves

• Experience in finance, accounting, business, grants management or related field.

Responsibilities

• Consistently demonstrates adherence to the standards for the responsible conduct of research.
• Plans, conducts and manages research projects within federal and institutional regulations and policies under the direction of the principal investigator.
• Uses research funds and resources appropriately.
• Maintains confidentiality of data as required.
• Meets all annual job-related training and compliance requirements.
• Interprets financial data to determine past performance and to project a financial probability.
• Performs analysis on budget performance, investigate variances, provide justification and communicate the PI's and leaders.
• Ensures that expenditures for budgeted grants and contracts are monitored and that reports are prepared to maintain balanced accounts.
• Develops financial reports for forecasting, trending, and results analysis.
• Monitors, identifies and communicates over expenditures to faculty and administrative staff as appropriate. Resolves funding shortfalls.
• Assists in preparation of materials related to audit inquiries for internal, sponsor, federal or state audits.
• Monitors monthly expenditures to ensure the award is being performed in a timely manner and analyze budget patterns and project expenditures so it will not have a deficit.
• Assists in fiscal year end closeout process for grant funding.
• Assists in researching expense and revenue variances. Seeks to resolve any expense posting errors and communicate proper expense allocation as needed.
• Manages all funding, including federal, nonfederal and operational, in each investigator's portfolio to assist in the strategic decision-making process.
• Reviews and approves charges, determines the allowability and allocability of charges, verifies availability of funds and obtains proper authorizations in an accurate and timely manner.
• Reviews payroll distributions and ensures they are correct; processes PDR's in a timely fashion.
• Prepares budget modifications as necessary.
• Maintains all backup for grant related revenue and expenditures and ensures that backup is consistent with the GL and documentation.
• Completes adjustments needed for non-payroll cost transfers.
• Works with principal investigator to complete interim progress and/or administrative report requirements for the sponsor/funding agency.
• Facilitates request of ancillary agreements to support grant or contract.
• Provides monthly, periodic or ad hoc financial reporting as requested.
• Ensures proper management of all sponsored awards, by ensuring that all transactions agree with GAAP, NIH grants policy statement, FDP, OMB, CAS and Hospital.
• Assists investigators by answering questions regarding award(s) and the grants management process.
• Reviews payroll distributions to ensure center personnel is paid according to their effort.
• Completes payroll distribution reconciliations, payroll distribution reports and effort certifications to ensure timely submission and overall compliance.
• Reviews and approves all financial requests for compliance with administrative and financial requirements.
• Prepares documents for cost transfers and personnel redistributions.

Benefits

• 401k
• health_insurance
• dental_insurance
• vision_insurance
• life_insurance
• paid_holidays
• tuition_reimbursement
• professional_development

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Hospitals
• Education Level: Bachelor's degree