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Mount Sinai Services · 3 months ago

Financial Analyst I - Clinical Trials Unit

New York, NY

Full-time

Onsite

Entry Level

$65K/yr - $84K/yr

3+ years exp

Mount Sinai is one of the largest academic medical systems in the New York metro area, and they are seeking a Financial Analyst I for their Clinical Trials Unit. The role involves gathering and analyzing financial information, preparing reports, and ensuring internal control over fiscal activity related to clinical trials.

Health CareHospitalHospitality

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