Financial Analyst

University of Pennsylvania Perelman School of Medicine

19d•$55,000 - $80,000

About The Position

The financial analyst should have experience in industry sponsored research contract negotiations, amendments and human research budget development. Independently manage post award activities including account setup, monitor and review of all sponsored projects expenditures including fund projections and annual budget. This position will be responsible for project specific accounting activities for clinical research projects across multiple divisions serving as a liaison between investigators, clinical research project managers and clinical research support staff. The financial analyst will report to the Manager of Admin & Finance for the Department of Medicine; have a supporting role across multiple divisions; liaison with the PSOM Office of Clinical Research (OCR), Clinical Trial Contracting Unit (CTCU), and the Office of Research Support Services (ORSS). The financial analyst should have experience in industry sponsored research contract negotiations, amendments and human research budget development. Independently manage post award activities including account setup, monitor and review of all sponsored projects expenditures including fund projections and annual budget. This position will be responsible for project specific accounting activities for clinical research projects across multiple divisions serving as a liaison between investigators, clinical research project managers and clinical research support staff. The financial analyst will report to the Manager of Admin & Finance for the Department of Medicine; have a supporting role across multiple divisions; liaison with the PSOM Office of Clinical Research (OCR), Clinical Trial Contracting Unit (CTCU), and the Office of Research Support Services (ORSS).

Requirements

Bachelor of Science and 2 to 3 years of experience or equivalent combination of education and experience is required.
Strong organizational capabilities along with attention to detail, excellent follow through and analytic skills necessary.
Must be effective in setting and meeting personal short and long-term goals to complete assignments, with multiple project tasks ongoing simultaneously.
Successful candidates will have the ability to anticipate problems relating to projects and to develop and implement solutions.
Flexibility and the drive to meet project deadlines required.
Knowledge of financial processes required.
Excellent written and verbal skills required.

Responsibilities

Reconcile funds and prepare reports for distribution to principal investigators and divisions leadership on a monthly basis.
Post-award activities: ensure accurate reconciliation of expense across all accounts including but not limited to UPHS billing, PSOM charges, payment tracking and other variable expense.
Oversee human subject payment.
Manage patient billing including technical fees, professional fees, and service center charges
Interface with industry sponsors to ensure the accurate collection of accounts receivable for clinical research projects.
In collaboration with the Internal Review Board (IRB) and Office of Research Services (ORS) work to ensure all cash collection and service fees are appropriately recorded and reconciled.
Meet with PIs and study team on a bi-monthly basis to review clinical trial revenue, expense and fund balance reports.
Ensures timely posting to Penn Box of financial reports for assigned portfolios
Close-out accounts at study termination & complete final reconciliation with Sponsor.
Submit final close out documents to the Office of Research Support Services (ORSS) and ORS.
Monitor close out process to ensure account balance is cleared and the fund is disabled.
Support pre-award activities for patient oriented clinical trials federal and non-federal including completion of Prospective Reimbursement Analysis (PRA) with Clinical Research Coordinators(CRCs)/PIs, Research Billing Number (RBN) set-up, advance account paperwork if required, invoicing start-up, tracking initial payments, requesting approval for IDE devices from UPHS Supply Chain Committee, etc.

Benefits

Penn offers comprehensive medical, prescription, behavioral health, dental, vision, and life insurance benefits to protect you and your family’s health and welfare. You can also use flexible spending accounts to pay for eligible health care and dependent care expenses with pre-tax dollars.
Take advantage of Penn's exceptional tuition benefits. You, your spouse, and your dependent children can get tuition assistance here at Penn. Your dependent children are also eligible for tuition assistance at other institutions.
Penn offers generous retirement plans to help you save for your future. Penn’s Basic, Matching, and Supplemental retirement plans allow you to save for retirement on a pre-tax or Roth basis. Choose from a wide variety of investment options through TIAA and Vanguard.
Penn provides you with a substantial amount of time away from work during the course of the year. This allows you to relax, take vacations, attend to personal affairs, recover from illness or injury, spend time with family—whatever your personal needs may be.
In partnership with Genworth Financial, Penn offers faculty and staff (and your eligible family members) long-term care insurance to help you cover some of the costs of long-term care services received at home, in the community or in a nursing facility. If you apply when you’re newly hired, you won’t have to provide proof of good health or be subject to underwriting requirements. Eligible family members must always provide proof of good health and are subject to underwriting.
Penn is committed to supporting our faculty and staff as they balance the competing demands of work and personal life. That’s why we offer a wide variety of programs and resources to help you care for your health, your family, and your work-life balance.
Penn provides an array of resources to help you advance yourself personally and professionally.
As a member of the Penn community, you have access to a wide range of University resources as well as cultural and recreational activities. Take advantage of the University’s libraries and athletic facilities, or visit our arboretum and art galleries. There’s always something going on at Penn, whether it’s a new exhibit at the Penn Museum, the latest music or theater presentation at the Annenberg Center, or the Penn Relays at Franklin Field to name just a few examples. As a member of the Penn community, you’re right in the middle of the excitement—and you and your family can enjoy many of these activities for free.
From arts and entertainment to transportation and mortgages, you'll find great deals for University faculty and staff. Not only do Penn arts and cultural centers and museums offer free and discounted admission and memberships to faculty and staff. You can also enjoy substantial savings on other goods and services such as new cars from Ford and General Motors, cellular phone service plans, movie tickets, and admission to theme parks.
Flexible work options offer creative approaches for completing work while promoting balance between work and personal commitments. These approaches involve use of non-traditional work hours, locations, and/or job structures.
Penn offers a forgivable loan for eligible employees interested in buying a home or currently residing in West Philadelphia, which can be used for closing costs or home improvements.
Penn will reimburse eligible employees on qualified expenses in connection with the legal adoption of an eligible child, such as travel or court fees, for up to two adoptions in your household.