IFMA Foodverse

The Finance Analyst II develops complex clinical trial budgets for industry, National Institutes of Health (NIH), and investigator-initiated clinical research. Evaluates research protocols to assess resource needs, procedures, clinical research staff time, investigator time, and costs from ancillary departments. Resolves cost allocation, negotiates budgets, details budgets, and responsible for monitoring accounts and invoicing. Ensures compliance with all federal and local agencies including the Food and Drug Administration (FDA) and local Institutional Review Board

Primary Duties and Responsibilities:

• Works closely with investigators and ancillary departments to identify research procedures needed, budget estimates and cost details.
• Evaluates complex research protocols to assess resource needs, research procedures, clinical research staff time, investigator time, and costs from ancillary departments.
• Determines whether research procedures in the protocol are standard-of-care or a research-related costs in order to correctly classify expenses.
• Develops complex clinical trial budgets for industry and the National Institutes of Health (NIH) as well as investigator-initiated clinical research. Works with the CSMC office of Sponsored Research to develop final budgets for clinical trials and research projects.
• Negotiates trial budgets and payment terms with industry sponsors.
• Monitors study accounts to evaluate the cost expenses/details are appropriate and within expected limits, reconciles accounts receivable and payments, and recommends the best course of action for any deficits and/or surpluses. Negotiates with sponsors the final payment due for account closeout. May conduct review and/or audits of clinical trial budgets. Serves as a resource for fiscal related questions and engages management as appropriate.
• Responsible for invoicing sponsors, patient research billing, reimbursement to ancillary departments, and payment tracking. Issues and submits invoices for protocol-related items and patient-related expenses per the completed contract and internal invoices for staff time and effort allocation into study accounts. Works with sponsors and clinical teams to resolve queries regarding invoices and/or payments due.
• Extracts and defines relevant information, analyzes and interprets data to resolve financial performance and/or to project a financial probability and makes recommendations to influence business results. Prepares and delivers data, reports and/or presentations to investigators, management and/or leadership.
• Enters financial information from finalized clinical trials budgets and clinical trial agreements into the Clinical Trial Management System.  Reviews and finalizes clinical trials calendars to ensure agreement with Medicare coverage analysis and clinical trial budget.
• Performs Medicare coverage analysis for clinical trials and collaborates with Institutional Review Board (IRB) to finalize and obtain approval. 
• Reviews protocol amendments for impact to sponsored research budget/contract. Process budget/contract amendments as applicable.
• May provide training and education to other personnel.
• May plan and coordinate strategies to improve existing standard operating procedures related to budgeting and clinical trials finance. May identify quality and performance improvement opportunities and collaborate with staff in the development of action plans to improve quality.

Requirements:

• High School Diploma/GED required
• 5 years of experience with billing, accounting, finance, budgeting, or financial analysis required.
• 3 years of clinical research pre and post grant and contract funding experience required.

Preferred:

• Bachelor's Degree in Accounting, Finance, or other related degree.
• Certification In Clinical Research

Physical Demands:

Stand dynamically to perform a function and move to perform another.
Stand statically in one place to perform a function without changing location.
Sit at a desk or table with some walking, standing, bending, stooping, or carrying of light objects.
Perform continuous operation of a personal computer for four hours or more.
Use hands and fingers to handle and manipulate objects and/or operate equipment.
Climb stairs and/or ladders.
Bend, crouch, stoop, stretch, or crawl.
Bend upper torso and reach up and out with hands and arms.
Balance the body while walking, standing, crouching, or stooping to prevent falling.

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