Financial Analyst

Loyola University Chicago; Chicago (IL); On-site; USD 65,000 - 70,000; Full time

Job summary

Loyola University Chicago seeks a Financial Analyst to manage the complete financial lifecycle of oncology clinical trials. This position handles pre-award budgeting and post-award accounting, ensuring compliance with federal, institutional, and sponsor regulations.

Responsibilities include budgeting, invoicing, and monthly reporting. Strong analytical skills and two+ years of experience are required. This is a fully in-person university role at the Maywood Health Sciences Campus.

Qualifications

• Bachelor's degree in Finance, Accounting, Business or Healthcare Administration
• 2+ years of financial analysis experience
• Strong analytical and mathematical skills
• Effective verbal, written and interpersonal communication skills

Responsibilities

• Pre-Award: Review coverage analyses and study protocols; Build comprehensive budgets for industry, federal, and non-profit studies; Negotiate financial terms with sponsors to maximize cost recovery; Collaborate with CCTO leaders, principal investigators and study staff to align budgets with workflows; Collaborate with medical center colleagues to ensure cost coverage and compliance; Review financial and payment terms in trial agreements and perform final budget QC; Refine processes to ensure compliance and efficiency; Coordinate document prep, review and filing of budgets and amendments.

Skills

Analytical skills

Mathematical skills

Interpersonal communication

Diplomacy and tact

Microsoft Excel

Education

Bachelor's degree in Finance, Accounting, Business or Healthcare Administration

Tools

Microsoft Office

Job description

Financial Analyst

The Financial Analyst manages the complete financial lifecycle of oncology clinical trials. This university position handles both pre-award budgeting and post-award accounting. The role ensures compliance with federal, institutional, and industry sponsor regulations.

Pre-Award Duties:

• Review coverage analyses and study protocols to ensure required procedures and schedules are included.
• Build comprehensive budgets for industry, federal, and non-profit studies and amendments.
• Negotiate financial terms with pharmaceutical sponsors to maximize cost recovery.
• Collaborate with CCTO leaders, principal investigators and study staff to align budgets with clinical operational workflows.
• Collaborate with medical center colleagues to ensure cost coverage and billing designations/compliance.
• Review financial and payment terms in clinical trial agreements. Perform final study budget review/QC during contract execution phase.
• Refine departmental processes to ensure compliance and efficiency and maximize cost recovery.
• Coordinate document preparation, review and filing of clinical trial proposals, agreements, budgets, CAs, amendments, etc.

Post-Award Duties:

• Establish unique fund accounts within the university financial system.
• Upload executed study budgets into Clinical Trial Management System.
• Prepare and submit study start-up invoices and all other sponsor invoices as defined in the clinical trials agreement. Track invoices and receivables.
• Track patient enrollments to trigger accurate sponsor invoicing.
• Process deposits on a weekly basis, reconcile monthly ledgers to ensure payments are received and recorded appropriately.
• Process research-related invoices for patient care, laboratory, pharmacy, imaging services and others as required.
• Conduct final closeouts of accounts upon study completion, including review of study activity and clinical trial agreement to ensure all costs have been invoiced and paid.
• Monitor financial and other metrics associated with position, produce monthly reports for CCTO leadership.

Other duties as assigned.

Education: Bachelor's degree in Finance, Accounting, Business or Healthcare Administration

Experience: 2+ years of financial analysis experience

Preferred Qualifications:

• Possess strong analytical and mathematical skills, attention to details and organizational ability. Computer literate with working knowledge of software applications (word processing, spreadsheet, and database), especially of clinical trials budget spreadsheets.
• Familiarity with Medicare Coverage Analysis (MCA) guidelines, medical billing codes.
• Demonstrated knowledge of Clinical Trial billing compliance and pre- and post-award activities. Understanding of the expectations and requirements of external and internal auditing.
• Effective verbal, written and interpersonal communication skills. Demonstrate diplomacy, tact and professional demeanor. Ability to relate to diverse age and demographic backgrounds.

Computer Skills: Proficiency in all Microsoft Office suite of programs. Advanced skills in Microsoft Excel required.

Supervisory Responsibilities: No

Required operation of university owned vehicles: No

Does this position require direct animal or patient contact? No

Physical Demands: None

Working Conditions: None

Position Number: 8150652

Work Modality: Fully In-Person

Job Category: University Staff

Job Type: Full-Time

FLSA Status: Exempt

Campus: Maywood-Health Sciences Campus

Department Name: CBCC RESEARCH

Location Code: CBCC RESEARCH (06310A)

Is this split and/or fully grant funded? No

Position Maximum Salary or Hourly Rate: $70,000/ann

Position Minimum Salary or Hourly Rate: $65,000/ann

Open Date: 09/02/2026

Special Instructions: As a Jesuit, Catholic institution of higher education, we seek candidates who will contribute to our strategic plan to deliver a Transformative Education in the Jesuit tradition. To learn more about Loyola University Chicago’s mission, candidates should consult our website at www.luc.edu/mission/. For information about the university’s focus on transformative education, they should consult our website at www.luc.edu/transformativeed.

About Loyola University Chicago

Founded in 1870, Loyola University Chicago is one of the nation’s largest Jesuit, Catholic universities, recognized for its academic excellence, commitment to community engagement, and leadership in sustainability. A Carnegie R1 research institution, Loyola leverages its status as one of an elite group of universities with the highest level of research activity to advance knowledge that serves communities and creates global impact. With 15 schools, colleges, and institutes—including Business, Law, Medicine, Nursing, and Health Sciences—Loyola operates three primary campuses in the greater Chicago area and one in Rome, Italy, that provide students a transformative, globally connected learning experience. Consistently ranked among the nation’s top universities by U.S. News & World Report, Loyola is a STARS Gold-rated institution that is ranked as one of the country’s most sustainable campuses by The Princeton Review and has earned distinctions from AmeriCorps and the Carnegie Foundation for its longstanding record of service and community engagement. Guided by its Jesuit mission and commitment to caring for the whole person, Loyola educates ethical leaders who think critically, act with purpose, and strive to create a more just and sustainable world.

Loyola University Chicago strives to be an employer of choice by offering its staff and faculty a wide array of affordable, comprehensive, and competitive benefits. To view our benefits in detail, click here.

Loyola adheres to all applicable federal, state, and/or local civil rights laws and regulations prohibiting discrimination in private institutions of higher education. Please see the University’s Nondiscrimination Policy.