Financial Analyst

The Ohio State University

1d•Onsite

About The Position

Clinical Research Finance & Compliance (CRFC) is responsible for the accounting and analysis of key financials for all Oncology clinical trials, focusing on Revenue and Billing. Responsibilities across the group include revenue recognition and forecasting, project costing, negotiation of contract terms, monthly reconciliation and invoicing, coverage analysis, patient claim review, patient reimbursement, and assistance with internal audit requests. This role provides support to the Clinical Trials Office (CTO), Principal Investigators (PIs), and various Business Units across the Medical Center and College of Medicine. The Financial Analyst determines research costs for protocol specific clinical trial activities based on the Medicare Coverage Analysis in collaboration with clinical research staff, PIs, and other third parties, to create internal budgets for clinical trials within the assigned DSRGs. The role works with industry Sponsors to develop and agree the contracted prices for clinical trial services, assists in contract review and negotiations alongside the Office of Sponsored Programs and CRFC Contract Analysts for initial contracts as well as modifications to existing contracts. The analyst communicates with the clinical team and sets up budget forms needed for each trial to help ensure billing compliance, facilitates the daily financial management of assigned project portfolio, creates and/or approves order requests, performs reconciliations of recognized revenues and costs for assigned projects, and reviews cancer patient bills to identify standard of care versus research procedures. The role utilizes OnCore to ensure protocol activities are completed as required, capture and recognize revenue, and track actual study costs. The analyst coordinates with support staff to ensure sponsors are invoiced in a timely and accurate manner and assists in analysis of budget to actual data on monthly, quarterly, and annual bases and for revenue calculations and forecasting.

Requirements

Bachelors degree in Accounting, Finance, or other Business related field required, or an equivalent combination of education and experience.
2 years of relevant experience required.
Proficiency in Microsoft Excel is required.
Knowledge of a general ledger system is desirable.
Requires successful completion of a background check; selected candidate may be asked to complete a pre-employment physical including a drug screen.

Responsibilities

Revenue recognition and forecasting
Project costing
Negotiation of contract terms
Monthly reconciliation and invoicing
Coverage analysis
Patient claim review
Patient reimbursement
Assistance with internal audit requests
Determining research costs for protocol specific clinical trial activities based on the Medicare Coverage Analysis
Creating internal budgets for clinical trials
Working with industry Sponsors to develop and agree the contracted prices for clinical trial services
Assisting in contract review and negotiations
Communicating with the clinical team and setting up budget forms
Facilitating the daily financial management of assigned project portfolio
Creating and/or approving order requests
Performing reconciliations of recognized revenues and costs for assigned projects
Reviewing cancer patient bills to identify standard of care versus research procedures
Utilizing OnCore to ensure protocol activities are completed as required, capture and recognize revenue, and track actual study costs
Coordinating with support staff to ensure sponsors are invoiced in a timely and accurate manner
Assisting in analysis of budget to actual data on monthly, quarterly, and annual bases and for revenue calculations and forecasting