Senior Financial Analyst I (Grants & Contracts)

Senior Financial Analyst I (Grants & Contracts)

Rutgers, The State University of New Jersey is seeking a Sr. Financial Specialist I (Grants Contracts) within the Finance Department at the Rutgers Cancer Institute. The primary purpose of Senior Financial Analyst I (Grants and Contracts) is to provide research specific support and guidance to the Principal Investigator's basic research post administration of contracts. The role is to safeguard Rutgers Cancer Institute contract resources and determine appropriate allocability and allowability in the daily administration of study budgets, maintenance of documentations from the initial and final end of contracts related to financial aspects of project accounts.

Essential duties and responsibilities include the following:

• Responsible for the post award administration and coordination of assigned clinical trials, grants and contracts for research and other non-sponsored programs.
• Monitors incoming revenue, runs and maintains cash receipts report and works closely with internal/external entities to obtain corresponding payment details to ensure timely posting of payments.
• Performs quantitative and financial analysis of complex spreadsheet from Oracle diverse financial system to provide timely and insightful analysis of projects.
• Assists with conducting monthly variance analysis, budget and forecast projections, and other financial reporting such as preparation of comprehensive P&L statements.
• Ensures accurate posting of journal entries to both the sub-ledger and general ledger across all funding sources, including corporate research contracts as well as federal, state, and other sponsored programs.
• Works diligently to collaborate with Research Financial Services (RFS) central Grant Specialists in the reconciliation of billings arising from all sources of Grants and Contract research sponsored programs.
• Maintains financial analysis template to ensure allocation of cost and payment from sponsored programs are allowable and allocable.
• Reviews and approves Marketplace requisitions, reconciles and maintains Purchase Orders for associated clinical research services, performs adjusting entries as needed to post costs to project accounts, and provides responses to inquiries relates to contract awards.
• Submits salary and fringe relief cost transfers and budget allocation through journal entry by cost center in Oracle Financial system.
• Closely monitors project account balances and manages all sources of grants and contract awards and provide detailed transaction reports to avoid deficits.
• Analyzes Oracle project accounts verification to ensure that project costs interfaced to Oracle general ledger accounts.

FLSA - Exempt

Grade - 28S

Salary Details

Minimum Salary - 81155.000

Mid Range Salary - 97671.000

Maximum Salary - 116172.000

Benefits - Rutgers provides a comprehensive benefits package to eligible employees. The specific benefits vary based on the position and may include: Medical, prescription drug, and dental coverage Paid vacation, holidays, and various leave programs Competitive retirement benefits, including defined contribution plans and voluntary tax-deferred savings options Employee and dependent educational benefits (when applicable) Life insurance coverage Employee discount programs

Position Status - Full Time

Working Hours

Standard Hours - 37.50

Daily Work Shift

Work Arrangement - This position requires a fully on-site work arrangement.

Union Description - HPAE 5094

Payroll Designation - PeopleSoft

Seniority Unit

Terms of Appointment - Staff - 12 month

Position Pension Eligibility - ABP

Qualifications

Minimum Education and Experience - Bachelor's Degree in a Finance, Accounting, Business or related field required. Four (4) years of related experience in a Basic Research environment within a healthcare or academic organization required. Strong financial experience of industry-sponsored and non-industry sponsored clinical trials. Equivalent experience, education and/or training may be substituted for the education requirements.

Certifications/Licenses

Required Knowledge, Skills, and Abilities - Knowledge and experience with journal entries, financial statement reporting, and general accounting (GAAP) concepts. Advanced skill level in database and reporting tools such as Microsoft Excel required, including chart development, V-Lookups and Pivot Tables.

Preferred Qualifications - Experience at a non-profit and/or higher education medical center is preferred. Experience with OnCoreCTMS preferred. Knowledge of CPT coding and EPIC research billing is preferred. The ideal candidate will have accounting skills, be detail oriented, have excellent organizational skills, be able to prioritize, multitask, be proficient in computer applications at an advanced level, MS Word, Excel, possess excellent communication and interpersonal skills, be able to maximize resources and be resourceful.

Equipment Utilized

Physical Demands and Work Environment - PHYSICAL DEMANDS: Standing, sitting, walking, talking and hearing. No special vision requirements. Lifting up to 25 lbs. WORK ENVIRONMENT: Office environment. Moderate noise.

Special Conditions