"The Research Financial Analyst is responsible for providing a variety of financial/accounting functions for the Clinical Research Department. The Research Financial Analyst will assist in preparing clinical research budgets, promote billing compliance by reconciling research activity in clinical research and accounting systems, create journal entries, and perform daily invoicing and reconciling of research accounts. This position will be expected to use their financial background in the completion of job duties and problem solving. Persons in this position will function in a consultative role, serving as a partner in decision making and problem solving by employing self-initiated and proactive assessments of leadership information needs.”
The following describes the basic position duties that an employee MUST be able to perform for this role. This information is intended to be descriptive of the key responsibilities of the position. The list of essential functions below DOES NOT identify all duties performed by any single person in the position.
Is skilled in a range of processes, procedures and systems to carry out assigned tasks or has developed deep skills in a single area
Understands the roles of all immediate team members and has a good understanding of how own team integrates with others
Regularly provides guidance and support to more junior team members on challenging problems; helps them balance their workload and apply their skills
Provides solutions to problems in situations that are atypical or occur infrequently based on practice and existing precedents
Impacts the quality, timeliness and effectiveness of the team
Uses discretion to modify work practices and processes (but not policies or procedures) to achieve results or improve efficiency
Clearly and accurately conveys complex information
JOB SPECIFIC RESPONSIBILITIES:
Facilitates compliance with research billing requirements and the full recovery of research costs through analysis, monitoring and reconciliation of research activity. Collaborate with Manager, research coordinators, investigators and external partners to ensure: 1) timeliness of invoices/payments; 2) current contracts are in place for all active studies with billable charges.
Collaborate with Manager, Sr. Finance Analyst, investigators, study coordinators, and research teams to ensure all costs applicable to the specific study are accounted for in REVEAL. Provide REVEAL training to study coordinators and Principal Investigators; Assist manager in coordinating check requests for internally funded grants, reconciling and posting payments for Foundation funded studies.
"Collaborate with Manager, research coordinators, investigators and other appropriate personnel to reconcile complex research study accounts between clinical trial management systems and hospital billing systems; Investigate and resolve discrepancies and posting adjustments; Assist research study personnel with financial and administrative issues that arise with individual research studies; Manage systems for tracking: 1) reconciling invoices/payments; 2) status of each contract/service order.”
Track and monitor receivables related to clinical studies, review expenditures and receipts during study and at study close-out, verify proper reimbursement per clinical study research agreements and resolve discrepancies; follow-up on outstanding invoices monthly; coordinate and issue research account related check requests, as needed; assist in the establishment and closing of clinical study research accounts.
Assists manager in coordinating due diligence and data collection for potential transactions.
Works with operational leaders to advance hospital-wide initiatives (5-year plan, budgetary recovery efforts,etc.). Develops internal analytical tools in support of leaders' information requests.
Develop a thorough knowledge of the internal and external data systems that are utilized in the Research Finance area (currently: Lawson, REVEAL, Epic, Velos, eIRB).
Develop a thorough knowledge of Excel and Macros that are utilized in the Finance area.
Minimum 2-3 years of related experience required
Previous healthcare financial accounting or finance experience; experience with electronic health records systems required
Four-year Bachelor's degree or equivalent experience required
LICENSES and CERTIFICATIONS:
Knowledge of Current Procedural Terminology (CPT) and Healthcare Common Procedure Coding System (HPCPS) coding systems Preferred
Specific Knowledge, Skills and Abilities:
Maintain effectiveness when experiencing major changes in work responsibilities or environment; adjust effectively to work within new work structures, processes, requirements, or cultures.
Use appropriate interpersonal styles to establish effective relationships with customers and internal partners; interact with others in a way that promotes openness and trust and gives them confidence in one's intentions.
Ensure that the customer perspective is a driving force behind business decisions and activities; craft and implement service practices that meet customers' and own organization's needs.
Develop and use collaborative relationships to facilitate the accomplishment of work goals.
Identify and understand issues, problems, and opportunities; compare data from different sources to draw conclusions; use effective approaches for choosing a course of action or developing appropriate solutions; take action that is consistent with available facts, constraints, and probable consequences.
Take prompt action to accomplish objectives; take action to achieve goals beyond what is required; be proactive.
Deal effectively with others in an antagonistic situation; use appropriate interpersonal styles and methods to reduce tension or conflict between two or more people.
Effectively manage one's time and resources to ensure that work is completed efficiently.
Accomplish tasks by considering all areas involved, no matter how small; showing concern for all aspects of the job; accurately checking processes and tasks; being watchful over a period of time.
Set high standards of performance for self and others; assume responsibility and accountability for successfully completing assignments or tasks; self impose standards of excellence rather than having standards imposed.
Assimilate and apply new job-related information in a timely manner.
Clearly convey information and ideas through a variety of media to individuals or groups in a manner that engages the audience and helps them understand and retain the message.
is such a privilege. It is one of the top pediatric hospitals in the country. The opportunities available to you for education and career advancement are virtually limitless. Once people in the community find out where you work, they are eager to share their Children’s Health experiences and the impact it had on their lives.
Amy, RN, BSN, AE-C
Clinical Research Coordinator