Lexitas Pharma Services · 9 hours ago
Clinical Research Financial Coordinator
Durham, NC
Full-time
Onsite
Mid Level
3+ years expLexitas Pharma Services is an ophthalmic product development organization seeking a Clinical Research Financial Coordinator. This role involves providing financial and strategic analyst support to ensure operational effectiveness, tracking budgets, forecasting revenue, and interfacing with senior management on financial issues.
BiotechnologyClinical TrialsHealth Care
Responsibilities
Serves as the key financial expert for project issues & concerns. The Clinical Research Financial Coordinator will be responsible for tracking budget spends in accordance with the contracts (customers and vendors), forecasting revenue, managing cash flow, and ensuring appropriate margin profitability for their projects while maintaining audit compliance and adhering to financial controls
Responsible for reviewing reimbursement guidelines for study related procedures
Keeps up to date on payer coverage for services provided
Works with and ancillary departments to identify research procedures needed, budget estimates and cost details
Provides financial oversight, budgeting, reporting, and analysis of assessments related to sponsored compensation
Assist manager with monthly management discussion and analysis of reports
Identify and pursue opportunities for capturing non-standard of care revenue related to clinical research
Has oversight of the Research Billing Guides and works with the Clinical Trial Manager regarding all study matters specific to billing
Assists with the identification and implementation of policies and procedures related to Research finance process improvement
Monitors study accounts to evaluate the cost expenses/details are appropriate and within expected limits, reconciles accounts receivable and payments
May conduct review and/or audits of clinical trial budgets. Serves as a resource for fiscal related questions and engages management as appropriate
Responsible for reviewing budget & working with team to capture invoiceable items & non-standard expenses
Extracts and defines relevant information, analyzes and interprets data to determine financial performance
Prepares and delivers data, reports and/or presentations to investigators, management and/or leadership
Enters financial information from finalized clinical trials budgets and clinical trial agreements into the Clinical Trial Management System
Possesses a level of knowledge needed to understand and solve moderate to difficult problems by proactively engaging the operational team to recognize and bring prompt resolution or further escalation as needed
Evaluates & analyzes project trends to determine risk assessments and make appropriate recommendations to drive resolution and positively impact the projects, including any cross‐divisional analysis, or any necessary strategic analysis
Support internal, and external, customers on scope changes, invoicing, and other financial issues related to project budgets and contracts
Responsible for a full range of financial & strategic support which ensure the operational effectiveness and excellence of the business through modeling and developing recommendations for senior management team
Other duties as assigned by management
Qualification
Required
Bachelor's degree in Accounting, Finance or Business Administration required
Minimum 3 yrs experience with CRO financial process, clinical trial budgeting or project accounting
A commitment to accuracy and quality while working under set deadlines
Strong quantitative and analytical competency
Excellent organizational skills and attention to detail
Ability to work independently and within a team environment
Ability to organize and manage multiple tasks
Excellent written and verbal communication skills
Excellent attitude and customer service skills
Position requires: ordinary ambulatory skills and physical coordination sufficient to move about conference or meeting locations as required; ability to stand, walk, stoop, kneel, crouch periodically for prolonged periods of time; manipulation (lift, carry, move) of light to medium weights of 10-35 pounds; arm, hand and finger dexterity, including ability to grasp and type for prolonged periods of time; visual acuity to use a keyboard, computer monitor, operate equipment, and read materials for prolonged periods of time; ability to sit, reach with hands and arms, talk, and hear for prolonged periods of time
Preferred
Experience using information systems and MS Office (MS Word/Excel/PowerPoint) preferred
Company
Lexitas Pharma Services
Lexitas Pharma is a full-service CRO partnering with pharmaceutical and biotechnology companies specializing in ophthalmics.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
unknown2022-07-07Acquired
Leadership Team
Gaurav Bhatnagar
Sr Vice President- Strategy & Chief of staff to CEO
Tony Proctor
Chief Financial Officer
Recent News
The Business Journals
2023-12-23
2023-12-23
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