Description
JOB SUMMARY
The Project Financial Analyst is responsible for project related financials, such as tracking and verifying project financial progress; processing invoices and payments to investigators and vendors; reconciling payments with sites, vendors and corporate Finance. The Project Financial Analyst will work closely with project managers, Contracts and Proposals, and Business Development to reconcile study related budget(s).
RESPONSIBILITIES
- Reconcile project budgets with project managers.
- Keep accurate records of all changes and charge backs.
- Recognize budget changes and point out when change orders need to be created.
- Attend project meetings and identify when change orders need to be generated and ensure that process is started
- Process approvals and payments for invoices submitted by sites/vendors; ensure payments are within contractual agreements
- Identify out of balance accounting records and reconcile with site/vendor and the finance department
- Communicate directly with the site and vendors to resolve invoice differences
- Conduct Quality Control process reviews and remediate as needed
- Maintain the clinical financial database
- Ensure documentation is maintained to support an audit trail in the accounting system
- Support the Clinical relationship with Finance
- Interface with Accounting for the close/reconciliation process
- Serve as the Clinical Finance representative for study teams
- Provide data for clinical trial forecasting and budgeting process
- Anticipate clinical trial budget revisions due to out-of-scope services, enrollment delays, etc.
- Process financial termination/closure of study sites
- Process monthly clinical dashboard
- Provide actual cost budget analysis
- Adhere to appropriate quality documents (e.g. SOPs, Training Guides), as applicable including EP and SOPs and processes
- Other duties as assigned
Salary Range: $80,000–$90,000 annually. Final compensation is based on skills, experience, location, and overall expertise.
Requirements
- The position requires at least a Bachelor’s Degree
- Must have financial analysis experience.
- Must have prior experience working in CRO or pharmaceutical industry.
- Proficiency in MS Office applications, particularly Excel (pivot tables, macros, data analysis)
- Work well under pressure.
- Have excellent communication skills