Financial Analyst I Clinical Trials Unit
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Job Location:
New York City, NY - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Department:
Job Summary
The Financial Analyst I gathers financial information analyzes that information and prepares reports so that Administrators and other departmental leadership can make recommendations. These reports provide internal control over fiscal activity on operating restricted fund and endowment accounts and other financial activities within the department.
Responsibilities
- Reconcile accruals payments invoices and other financial activity for clinical trial accounts through detailed analysis and proper documentation.
- Establish and maintain frequent communication with sponsors investigators research teams or research administrators regarding account status and issues.
- Identify and address collection issues by tracking receipt of payments and analyzing aging and uncollectible account receivable balances.
- Ensure the accuracy of financial data: interpreting and analyzing account activity auditing financial issues and working with research teams and sponsors to resolve issues.
- Create and update accounts within the accounting system.
- Interpret contract and budget language to ensure it aligns with inform consent.
- Respond to inquiries in a timely manner and providing feedback and solutions to financial issues.
- Analyze and present on financial activity.
- Maintain current knowledge of institutional policies as it relates to industry-sponsored clinical trials.
- Ensure closeout processes are performed through thorough review of contract budget accruals and payments.
- Assist management in identifying opportunities to improve processes: providing input for streamlining processes to facilitate collecting and analyzing data. Recommending improvements to current reconciliation process.
- Performs related duties & responsibilities as assigned/requested.
Qualifications
- Bachelors degree in Accounting or an equivalent combination of education and experience
- 3 years of experience in Finance
Non-Bargaining Unit 820 - Clinical Trials Unit - ISM Icahn School of Medicine
Required Experience:
IC
Key Skills
- Cognos
- Forecasting
- Hyperion
- Microsoft Access
- Pivot tables
- Accounting
- Analysis Skills
- Microsoft Excel
- Financial Analysis
- Financial Modeling
- Budgeting
- Financial Planning
About Company
Strength through Unity and Inclusion The Mount Sinai Health System is committed to fostering an environment where everyone can contribute to excellence. We share a common dedication to delivering outstanding patient care. When you join us, you become part of Mount Sinai’s unparalleled ... View more
