Financial Analyst

Precision Medicine Group; Bengaluru; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Precision Medicine Group in Bengaluru is hiring a Financial Analyst to support operational project teams financially throughout project life cycles. You will assist with invoicing worksheets, variance analysis, and review of work orders and budgets to identify scope changes.

The role requires two years of GL and financial reporting experience, English fluency, and a bachelor's in accounting/finance. CRO industry exposure is a plus in a fast-paced environment.

Qualifications

• Bachelor's degree in Accounting/Finance or related field.
• Minimum two years general ledger and financial reporting experience including accounting cycle, project budgets, EVA, and contract review.
• Fluency in English; local language where position is based.

Responsibilities

• Support project teams in all financial areas of running a clinical trial.
• Assist in monthly invoicing worksheet preparation for client invoicing and revenue recognition.
• Perform variance analysis comparing forecasted revenue to actual revenue to identify gaps.
• Review work orders and change orders budgets versus actual activities to identify out-of-scope work.
• Support monthly project review meetings and assist in contract documents (SOWs and change orders).
• Collaborate with the Finance team to ensure timely monthly, quarterly and year-end close.
• Provide support to financial reporting and general ledger functions with Company Accountant.
• Respond to CFO and VP inquiries regarding financial results and ad hoc analyses.

Skills

Accounting/Finance knowledge

GL accounting

EVA analysis

Contract review

Excel

Education

Bachelor's degree in Accounting/Finance

Tools

Excel

Job description

Global trials for oncology, rare diseases and other complex diseases face unique challenges. Precision partners with our clients to meet them head-on through our extensive footprint across the globe. We succeed by pairing personalized clinical services with translational medicine excellence, making us the first fully integrated clinical research organization created expressly to help advance the promises of precision medicine.

Modern biomarker-informed therapeutic and diagnostic development programs involve a complex operational and data ecosystem. Multiple data streams flow from sites, central labs, and specialty labs.

At Precision, we understand that data isn't enough. Clients need information, or data with context, to make decisions that impact patient health.

Position Summary

The Financial Analyst supports the operational project teams financially throughout the life cycle of the project.

Essential functions of the job include but are not limited to:

• Support the project teams in all financial areas associated with running a clinical trial.
• Assist in the preparation of the monthly invoicing worksheet which is the source document for client invoicing and source of revenue recognition.
• Support in performing variance analysis comparing forecasted revenue to actual revenue in order to identify gaps, changes in scope, etc.
• Support in reviewing work orders and change order budgets in comparison with actual activities in order to help identify out of scope activities.
• Support the monthly project review meetings on an as needed basis.
• Assist in providing support to the Manager, Operational Finance and Vice President, Operational Finance in the preparation of contract documents (statements of work and change orders).
• Work with Company Accountant to provide support to the financial reporting and general ledger functions.
• Work with Company Accountant to provide support to ensure an accurate and timely monthly, quarterly and year-end close
• Work with Company Accountant to ensure the timely reporting of all monthly financial information.
• Collaborate with others in Finance to support overall department goals and objectives.
• Responds to inquiries from the CFO and Vice President, Operational Finance regarding financial results, special reporting requests and ad hoc analyses relating to projects.
• Assist in development and implementation of new procedures and features to enhance the workflow and internal controls.

Qualifications

Minimum Required:

• Bachelors degree in Accounting/Finance or related field or equivalent experience in accounting discipline

Other Required

• Minimum two years general ledger and financial reporting experience including working knowledge of all areas of the accounting cycle, project budgets, financial project management support, Earned Value Analysis(“EVA”) analysis, and contract review or equivalent relevant experience and/or demonstrated competencies.
• Fluency in English and, in addition, for non-English speaking countries the local language of the country where position based.

Preferred

• CRO industry experience.
• Competencies:
• Working knowledge of the life cycle of a project with a solid foundation of how the financials and contract status impact each stage of the clinical trial
• Working knowledge of accounts payable, accounts receivable, general ledger, bank reconciliations,
• Strong Excel /PC skills and able to thrive in multi-tasking environment
• Strong accounting skills
• High energy and enthusiasm with a strong commitment to exceeding expectations
• Flexibility and willing to work on multiple assignments of varying tasks with personnel throughout the organization
• Ability to learn quickly. Good oral and written communication & interpersonal skills with the ability to connect and build relationships with management and others throughout the organization
• Exhibits self-motivation, and is able to work independently as well as in a team environment
• Team player with a desire to be an active, long term participant in the growth of the company.

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Precision Medicine Group is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, age, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other characteristics protected by law.

If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process or are limited in the ability or unable to access or use this online application process and need an alternative method for applying, you may contact Precision Medicine Group at [e-mail].