FINANCIAL ANALYST -CLINICAL RESEARCH

Cook County Health; Illinois; On-site; USD 90,000 - 99,000; Full time

Benefits offered by this job

Medical, Dental, Vision

Pension Plan

Paid Holidays & Vacation

Public Service Loan Forgiveness

Job summary

Cook County Health is seeking a Financial Analyst, Clinical Research to support revenue recovery for clinical trials. You will prepare monthly invoices according to contracts and government rules, and perform AR reconciliation and remittance. You will also liaise with sponsors and vendors on payments and tracking of balances.

The role requires a bachelor’s degree, 3+ years as a financial analyst, and 1 year in a clinic/trial context, plus strong Microsoft Office skills.

Qualifications

• Bachelor’s degree or higher is required; official transcripts must be provided.
• At least 3 years as a financial analyst are required.
• 1 year of experience in a Clinical Trial Office or research setting is required.
• Proficiency with Microsoft Office (Excel, Word, PowerPoint) is required.

Responsibilities

• Support revenue recovery for clinical trials and prepare monthly invoices.
• Reconcile accounts receivable, remittance, and payments with sponsors and vendors.
• Collaborate with patient billing teams to ensure proper routing of charges and revenue tracking.

Skills

Financial analysis

Microsoft Office

Communication

Education

Bachelor's degree or higher

Master’s degree in finance or accounting (preferred)

Tools

SQL

Cerner EHR

Job description

LOCATION:

Harison Square – 605 S. WOLCOTT AVE. (Stroger Campus)

DEPARTMENT:

Research & Clinical Trials

SHIFT:

8:00 AM – 4:00 PM

SALARY RANGE:

$89,698-$99,058

SALARY DETAIL

Salary is commensurate with years of experience indicated at time of application submittal. Experience not disclosed or documented at the time of application will not be considered for initial step placement.

SUMMARY

The Financial Analyst, Clinical Research is responsible for supporting revenue recovery for clinical trials at Cook County Health (CCH). This position will be responsible for the timely preparation of monthly clinical research invoices in accordance with contract terms, government requirements, and billing processes and procedures. Other responsibilities include accounts receivable reconciliation of invoices, remittance, and payments (internal and external). Communicates with sponsors and vendors regarding payment collection and reconciliation of clinical trial accounts.

TYPICAL DUTIES

• Assist with externally funded clinical trial account ledger set up as required by CCH Sponsored Projects and CCH Revenue Cycle.
• Invoices and reconciles clinical trial contracts against postings in Cerner Electronic Health Record (EHR)
• Invoices study sponsors as required by the study contract, and tracks payments received. Performs required follow-up to ensure payments are made.
• Participates in the clinical trial budget and billing configurations in commercial systems and utilizes functionality for financial management
• Develops and processes research subject's reimbursement and other stakeholder (internal and third party) payments in accordance with applicable regulations, contract terms, and study stipulations
• Performs complex reconciliations, resolve balances, and reporting for sponsored projects
• Develop, expand, and refine the effectiveness of in-house collection procedures to reduce overdue account balances.
• Works closely with CCH partners to assist in patient billing teams to ensure proper routing of patient care charges that should be billed to sponsor, accurately managing revenue generated versus received and monitor financial activities on all clinical trials
• Extracts Account Receivable Aging information to develop trend analyses and evaluate effectiveness of Collection Management processes.
• Ensures post award tools are updated after a budget amendment has been executed
• Establishes, maintains, and revises tracking systems for reporting and status update purposes
• Performs other duties as assigned

MINIMUM QUALIFICATIONS

• Bachelor’s degree or higher from an accredited college or university or higher is required. (Must provide official transcripts at time of interview)
• A Minimum of Three (3) years of full-time paid work experience as a financial analyst is required.
• A Minimum of One (1) year experience working in a Clinical Trial Office or research setting is required.
• Proficiency using Microsoft Office i.e., Excel, Word, and PowerPoint is required.

PREFERRED QUALIFICATIONS

• Bachelor’s degree from an accredited college or university in accounting or finance is preferred.
• Master’s degree in finance, Accounting, or Business Administration or related quantitative field with full-time paid work experience as a Financial Analyst, Certified Public Accountant or similar role in a hospital, healthcare, or managed care organization is preferred.
• A Minimum of Five (5) years of full-time paid work experience as a financial analyst in a hospital, healthcare, or Clinical Research Organization is preferred.
• Proficiency with SQL is preferred.
• Advance proficiency using Microsoft Office i.e., Excel, Word, and PowerPoint is preferred.

KNOWLEDGE, SKILLS, ABILITIES AND OTHER CHARACTERISTICS

• Experience in clinical research operations with a focus in research compliance and/or financial administration in a research university, academic medical center, or other organization subject to an externally regulated environment.
• Excellent ability to effectively present information verbally and in writing clearly and concisely.
• Advanced understanding of Enterprise Resource Planning (ERP) systems and General Ledgers is preferred.
• Ability to work co-operatively with others as part of a team, as opposed to working separately or competitively, is necessary.
• Openness to change, adaptability, and the ability to work effectively in a variety of situations, with individuals or groups is necessary.
• Ability to understand and appreciate different and opposing perspectives on an issue is necessary.
• Strong interpersonal skills and the ability to develop and maintain relationships with key stakeholders is necessary.

PHYSICAL AND ENVIRONMENTAL DEMANDS

This position is functioning within a healthcare environment. The incumbent is responsible for adherence to all hospital and department specific safety requirements. This includes but is not limited to the following policies and procedures: complying with Personal Protective Equipment requirements, hand washing and sanitizing practices, complying with department specific engineering and work practice controls and any other work area safety precautions as specified by hospital wide policy and departmental procedures. The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of the personnel so classified. For purposes of the American with Disabilities Act, “Typical Duties” are essential job functions.

BENEFITS PACKAGE

• Medical, Dental, and Vision Coverage
• Basic Term Life Insurance
• Pension Plan
• Deferred Compensation Program
• Paid Holidays, Vacation, and Sick Time
• You may also qualify for the Public Service Loan Forgiveness Program (PSLF)

For further information on our excellent benefits package, please click on the following link: http://www.cookcountyrisk.com/

VETERAN PREFERENCE

When applying for employment with the Cook County Health & Hospitals System, preference is given to honorably discharged Veterans who have served in the Armed Forces of the United States for not less than 6 months of continuous service

To Take Advantage Of This Preference a Veteran Must

• Meet the minimum qualifications for the position.
• Identify self as a Veteran on the employment application by answering yes to the question by answering yes to the question, “Are you a Military Veteran?”
• Attach a copy of their DD 214, DD 215 or NGB 22 (Notice of Separation at time of application filing. Please note: If you have multiple DD214s, 215s, or NGB 22S, Please submit the one with the latest date. Coast Guard must submit a certified copy of the military separation from either the Department of Transportation (Before 9/11) or the Department of Homeland Security (After 9/11). Discharge papers must list and Honorable Discharge Status. Discharge papers not listing an Honorable Discharge Status are not acceptable

OR

A copy of a valid State ID Card or Driver’s License which identifies the holder of the ID as a Veteran, may also be attached to the application at time of filing.

If items are not attached, you will not be eligible for Veteran Preference

VETERANS MUST PROVIDE ORIGINAL APPLICABLE DISCHARGE PAPERS OR APPLICABLE STATE ID CARD OR DRIVER’S LICENSE AT TIME OF INTERVIEW.

MUST MEET ALL REQUIRED QUALIFICATIONS AT TIME OF APPLICATION FILING.

• Degrees awarded outside of the United States with the exception of those awarded in one of the United States’ territories and Canada must be credentialed by an approved U. S. credential evaluation service belonging to the National Association of Credential Evaluation Services (NACES) or the Association of International Credential Evaluators (AICE). Original credentialing documents must be presented at time of interview.
• Please note all offers of employment are contingent upon the following conditions: satisfactory professional & employment references, healthcare and criminal background checks, appropriate licensure/certifications and the successful completion of a physical and pre-employment drug screen.
• CCHHS is strictly prohibited from conditioning, basing or knowingly prejudicing or affecting any term or aspect of County employment or hiring upon or because of any political reason or factor.

COOK COUNTY HEALTH & HOSPITALS SYSTEM IS AN EQUAL OPPORTUNITY EMPLOYER.