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Mount Sinai Health System · 3 months ago

Financial Analyst II - Clinical Trials Unit

New York, NY

Full-time

Onsite

Mid Level

$65K/yr - $90K/yr

4+ years exp

Mount Sinai Health System is one of the largest academic medical systems in the New York metro area, and they are seeking a Financial Analyst II to plan and direct analytical activities related to fiscal and administrative functions within the Clinical Trials Unit. The role involves developing trial budgets, reconciling financial activity, and maintaining communication with sponsors and research teams.

Health CareHospitalMedical

Responsibilities

Develop and negotiate trial budgets and payment terms with industry sponsors

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