Analyst-Research Accts

Job Requirements

Position Summary

Under the direction of the Research Accounts Manager, the Research Accounts Analyst oversees the financial management of industry-sponsored clinical trials at SRHS Department of Clinical Research. The Research Accounts Analyst will perform research account reconciliation and related activities to ensure accurate accounting of sponsor related receivables. This position will be responsible for general ledger management including account reconciliation, interdepartmental check requests, processing investigator payments, and other accounting and financial duties as assigned. The analyst will collaborate with research management and staff on research related billing practices. This position will work closely with the business office, patient financial services, and the research team.

Minimum Requirements

Education

• Bachelor's degree in accounting, finance, business, or related field

Experience

• 1-3 years in accounting/financial services
• Proficiency in accounting and Generally Accepted Accounting Principles (GAAP)
• Previous Accounts Receivable experience
• Proficiency in use of Microsoft Office Applications
• Knowledge of and experience in financial system applications and software

License/Registration/Certifications

• N/A

Preferred Requirements

Preferred Education

• Master's degree in accounting, finance, business, or related field

Preferred Experience

• 4-7 years of in accounting/financial services
• Clinical Research
• Medical Billing and Coding
• Accounting/financial services in a healthcare setting

Preferred License/Registration/Certifications

• Certification in Clinical Research (CCRP, CCRC, etc.)

Core Job Responsibilities

• Reconcile accruals, payments, invoices, and other financial activity for clinical trial accounts through detailed analysis and proper documentation
• Build study-specific financial tracking in the clinical trials management system
• Create, distribute, and follow up on invoices for sponsored trials
• Identify and address collection issues by tracking receipt of payments and analyzing aging and uncollectible account receivable balances.
• Responsible for accurate accounting of sponsored research accounts.
• Monitor revenue on sponsored research accounts to ensure alignment with contract and services.
• Maintain accurate financial record for all sponsor receivable transactions.
• Review and interpret legal documents for financial terms and conditions including but not limited to billing requirements, reporting, and spending restrictions.
• Verify and perform analysis of PI's effort, staff effort, and administrative expenses.
• Monitor awards through final financial closeout, including but not limited to issuing final invoices and financial reports, initiating refund requests, monitoring final invoice payments, ensuring unbilled accounts receivable and/or deferred revenue balances are zero.
• Complete financial close out process, including but not limited to award financial analysis and updating financial system statuses as needed.
• Independently analyze accounting transactions and reconcile financial information.
• Responsible for working with the Research Billing Specialist to ensure proper invoicing with consideration to key study documents/systems such as the Medicare Coverage Analyses, Study Budget, Contract and Clinical Trial Management System.
• Collaborate with department stakeholders to ensure appropriate documentation to support and receivables.
• Report on all reimbursements received.
• Research issues and/or questions related to sponsored awards - billing and reporting in a timely manner.
• Ability to speak and write English fluently
• Ability to work effectively as a team member
• Ability to work without direct supervision
• Ability to manage projects with sensitive timelines
• Excellent written and verbal communication skills
• High attention to detail and organization