Senior Financial Analyst, Clinical Research

The George Washington University; Washington (District of Columbia); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Financial Analyst to join their dynamic team in Clinical Research. This role is pivotal in ensuring the accuracy of financial reporting and compliance for clinical trials. You will collaborate closely with finance teams and research sponsors, managing budgets and billing processes to support groundbreaking research initiatives. The ideal candidate will possess strong analytical skills, a solid background in financial management, and the ability to navigate complex negotiations with sponsors. Join a forward-thinking organization that values innovation and excellence in clinical research finance.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

Life & Disability Insurance

Retirement Savings

Tuition Assistance

Well-being Benefits

Voluntary Benefits

Qualifications

• 5+ years of experience in financial analysis, especially in clinical research.
• Strong background in budget management and billing compliance.

Responsibilities

• Monitor revenue from clinical trials and ensure accurate financial reporting.
• Assist in monthly billing and track outstanding invoices for timely collections.

Skills

Financial Analysis

Budget Management

Billing Compliance

Negotiation Skills

Clinical Research Knowledge

Education

Bachelor's degree in relevant field

Master's degree in relevant field

Tools

Oncore

Clinical Trial Management Systems (CTMS)

Job description

Senior Financial Analyst, Clinical Research

Employer will not sponsor for employment Visa status.

I. JOB OVERVIEW

Job Description Summary:

The Senior Financial Analyst, Clinical Research is the primary contact in the GW Office of Clinical Research, responsible for monitoring funds flow and ensuring accuracy. This position works collaboratively with SMHS finance in compliance, technical, fiscal, and administrative services required to support all clinical trials including clinical research billing compliance, invoicing, and financial reporting. This individual will assist in the improvement of research billing procedures, helping to ensure the accuracy of ordering research-related patient care services through the research pathway and development of documentation for compliance reporting, financial planning and productivity tracking, and will assist in the management of clinical trials study budgets.

DUTIES AND RESPONSIBILITIES:

• Responsible for monitoring the revenue generated from clinical trials for the division to ensure they are accurately accounted for and funds flow reflects accurate and appropriate usage.
• Assist with monthly billing/invoicing for funded clinical trials verifying financial data for accuracy, completeness and conformance with clinical trial study budgets, including accurate input of budget and payment milestones into tracking system, must be able to follow monthly tracking of payments and payment issues so that contracts and budgets can be renegotiated if necessary.
• Assist in monitoring outstanding invoices, tracking collection, and reducing accounts receivable balance.
• Responsible for assisting with interpreting the financial requirements and billable nature of items and services on clinical trial protocols by conducting a Coverage Analysis, and negotiating budgets with sponsors.
• Collaborate with research sponsors on budgets that are sufficient to cover costs and are compliant with federal guidelines. Set up internal clinical trial files and enter information into required systems (e.g. CTMS, Billing, etc.). Contract signature coordination when applicable.
• Follow institutional guidelines and policies in performing Medicare Coverage Analysis (MCA).
• Responsible for entering event schedules, budgets, billing plans, and other financial information into the Clinical Trial Management System (CTMS) to maintain billing compliance and proper reimbursement.
• Coordinate the budget process in collaboration with other staff to ensure timely execution of compliant and effective budgets as a part of the clinical trial agreements with sponsors.
• Assist GW investigators in resolving research-related billing issues (in collaboration with individuals in the MFA and Hospital).
• Assist in the development, implementation, and enhancement of specific projects related to clinical research finance by defining overall project goals, expectations of customers, tasks and activities required to achieve project goals.
• Assist in the development of the Procedures Manual, coordinate updating existing procedures on a continuing basis, and provide input on new procedures as required.
• Assist with new employee orientation of financial management of studies.
• May assist with negotiations of individual budgets with sponsors, able to challenge claims made by sponsors on what they feel is appropriate, able to cover costs for our clinical research teams asking for appropriate funding, and being able to say “no” to a sponsor without anxiety or anger, keeping GW competitive with other institutions.
• Able to completely understand the treatment plan, and requirements for patient participation and able to discuss the plan with the PI, other GW faculty, and/or scientific reps from the sponsor company. Set the agenda for discussions, establish the tone of the negotiation and direct how the negotiation proceeds.
• Performs other duties as assigned. The omission of specific duties does not preclude the supervisor from assigning duties that are logically related to the position.

Minimum Qualifications:

Qualified candidates will hold a Bachelor’s degree in an appropriate area of specialization plus 5 years of relevant professional experience, or a Master’s degree or higher in a relevant area of study plus 3 years of relevant professional experience. Degree must be conferred by the start date of the position. Degree requirements may be substituted with an equivalent combination of education, training and experience.

Preferred Qualifications:

Experience with Oncore or other clinical trial management systems.

GW offers a comprehensive benefit package that includes medical, dental, vision, life & disability insurance, time off & leave, retirement savings, tuition, well-being and various voluntary benefits. For program details and eligibility, please visit https://hr.gwu.edu/benefits-programs.

II. JOB DETAILS

Campus Location: Foggy Bottom, Washington, D.C.

College/School/Department: School of Medicine and Health Sciences (SMHS)

Family: Finance and Business

Level: Level 3

Full-Time/Part-Time: Full-Time

Hours Per Week: 40

Work Schedule: Will this job require the employee to work on site? Yes

Telework: Yes

Required Background Check: Criminal History Screening, Education/Degree/Certifications Verification, Social Security Number Trace, and Sex Offender Registry Search

Special Instructions to Applicants: Employer will not sponsor for employment Visa status.

Internal Applicants Only? No

Posting Number: S013486

Job Open Date: 12/18/2024

Job Close Date: If temporary, grant funded, Sponsored Project funded or limited term appointment, position funded until:

Background Screening: Successful Completion of a Background Screening will be required as a condition of hire.

EEO Statement: The university is an Equal Employment Opportunity employer that does not unlawfully discriminate in any of its programs or activities on the basis of race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity or expression, or on any other basis prohibited by applicable law.

Posting Specific Questions

• * Are you currently employed with The George Washington University?
  • No
  • Yes
• * For current GW employees, have you completed your Introductory Employment Period (IEP)? (As a reminder, employees in their IEP are not eligible to apply for other internal university staff and research positions until the IEP is complete.)
  • Yes, IEP complete
  • No, still in IEP
  • N/a - not a current GW employee
• * What is your expected salary range?

  (Open Ended Question)

Documents needed to Apply

Required Documents:

• Resume

Optional Documents:

• Cover Letter

Human Resource Management & Development
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