Financial Analyst II Grants

Children's Research Institute; United States; On-site; USD 65,000 - 109,000; Full time

Job summary

The Financial Analyst II Grants at Children's Research Institute in Silver Spring, MD, supports business office leadership and faculty in managing financial and compliance activities for sponsored and non-sponsored programs.

You will analyze budgets, develop forecasts, monitor expenditures, prepare reports, and mentor junior staff on grant financial management while ensuring adherence to hospital and agency regulations.

Qualifications

• Bachelor's degree in finance or related field.
• 3 years progressive related experience.
• Certified Research Administrator (CRA) preferred (optional).

Responsibilities

• Manage financial and compliance activities for sponsored and non-sponsored programs.
• Develop financial planning, cost analysis and projection reports.
• Monitor budgets and expenditures; prepare summary documents and reports.

Skills

Quantitative analysis

Budget management

Financial reporting

Communication skills

Problem solving

Confidentiality

Multi-tasking

GAAP knowledge

Education

Bachelor's in Finance/Accounting/Business

Job description

1 Inventa Place
Silver Spring, MD 20910

Kids Are Our Everything.

Department

10424 Research Business Office

Pay Range

$65,124.80 - $108,555.20

• The Financial Analyst II Grants works directly with Business Office Leadership and assigned faculty in the management of financial and compliance activities related to sponsored and non-sponsored programs. The FA II performs analysis and projections for assigned portfolio relating to business or research trends, reviews the development and participates in the monitoring of departmental, non-sponsored, discretionary, and sponsored budgets, plans and determines costs of business activities; recommend budget adjustments and other cost improvement measures and closes out terminated grants and contracts, transfers funding and produces summary documents. This position also ensures that all funding is received and that expenditures do not exceed revenue, develops financial planning, cost analysis and projection reports, meets with faculty to review and ensure compliance with hospital and/or agency regulations and restrictions, and performs comprehensive financial analysis to improve departmental financial effectiveness and compliance with CRI and/or agency regulations and restrictions. The FA II provides mentorship for both junior team members as well as new faculty related to appropriate grants financial management.

Minimum Education

Bachelor's Degree Finance, Accounting, Business administration, hospital administration, public administration or other business and healthcare related field (Required)

Minimum Work Experience

3 years progressive related experience (Required)

Required Skills/Knowledge

• Ability to identify problems and find creative, effective solutions.
• Demonstrated aptitude for quantitative analysis.
• Excellent verbal and written communication skills.
• Ability to handle multiple tasks, meet deadlines and work with confidential materials.
• Proficiency in personal computer and related software.
• Solid management and organizational skills.
• Excellent judgement.
• Ability to work with limited supervision.
• Experienced with department budget and personnel communication.
• Experienced working in grants management and financial management systems.

Required Licenses and Certifications

Certified Research Administrator (CRA) (Preferred)

Functional Accountabilities

Responsible Conduct of Research

• Consistently demonstrates adherence to the standards for the responsible conduct of research.
• Plans, conducts and manages research projects within federal and institutional regulations and policies under the direction of the principal investigator.
• Uses research funds and resources appropriately.
• Maintains confidentiality of data as required.
• Meets all annual job-related training and compliance requirements.

Financial Analysis

• With minimal oversight, interprets financial data to determine past performance and to project financial probability for assigned portfolio.
• Perform analysis on budget performance, investigate variances, provide justification, and communicate the PI’s and leaders.
• Ensures that expenditures for budgeted grants and contracts are monitored and that reports are prepared to maintain balanced accounts.
• Develop financial reports for forecasting, trending, and results analysis. Provides multi-year projections for investigator portfolios.
• Monitor, identify and communicate over expenditures to faculty and administrative staff as appropriate. Resolve funding shortfalls.
• Assists in preparation of materials related to audit inquiries for internal, sponsor, federal or state audits.
• Monitors monthly expenditures to ensure the award is being performed in a timely manner and analyze budget patterns and project expenditures so it will not have a deficit.
• Manages fiscal year end closeout process for grant funding, seeking input and collaboration from additional business units as needed.
• Proactively researches expense and revenue variances. Seek to resolve any expense posting errors and communicate proper expense allocation as needed.
• Manages all funding, including federal, nonfederal and operational, in each investigator’s portfolio to assist in the strategic decision-making process.
• Participates in the education of new faculty and staff related to financial management and analytics for funding