Financial Analyst, Clinical Research Unit

Position: Financial Analyst, Clinical Research Unit   

Location: Boston, MA

Schedule: 40 hours per week, Hybrid

ABOUT BMC:

At Boston Medical Center (BMC), our diverse staff works together for one goal — to provide exceptional and equitable care to improve the health of the people of Boston. Our bold vision to transform health care is powered by our respect for our patients and our commitment to ensure everyone who comes through our doors has a positive experience.

You’ll find a supportive work environment at BMC, with rich opportunities throughout your career for training, development, and growth and where you’ll have the tools you need to take charge of your own practice environment.  

POSITION SUMMARY:

The Clinical Research Unit (CRU) at Boston Medical Center is a new state of the art hospital clinical research space which will serve as a Service Center for research projects across the hospital.  The Financial Analyst, Clinical Research Unit (CRU) will complete monthly duties aligned with the daily operations under the direction of the CRU Director of Business Operations. Provides accounting and analytical support to the team and communicates findings to the Management Team.  

JOB RESPONSIBILITIES:

Financial Oversight

1.      Revenue 

• Manage quality Control procedures to ensure billing is reconciled against scheduling, lab, and clinical procedures.
• Ensure detailed itemization of costs are allocated to appropriate studies, at the participant level. Complete monthly invoicing to multiple study sites.
• Communicate discrepancies to study teams and financial teams to ensure resolution in an efficient and timely manner.
• Work with Clinical Coordinator and Office Manager to confirm accuracy of data entry related to daily participant visits and services received. Ensures all journal entries are processed successfully prior to monthly close.
• Complete monthly Invoice Reconciliation.

2.      Expenses  

• Ensure timely completion of requisitions to verify costs are allowable, allocable, and reasonable based on institutional and sponsor policies. Collaborate with Clinical Research Coordinators for supporting documentation as needed. 
• Manages purchasing, invoice payments, corporate credit card reconciliation, and accounts payable for the department.  
• Monitors departmental budget and account balances, helping managers to stay within approved budgets, and documenting all approved variances. 
• Prepare monthly P&L summary for review . Monthly review of General Ledger; troubleshoot any discrepancies as needed. Firm understanding of all revenue and expenses, which will span across multiple study sites.   
• Annual Budget Preparation and Submission. Creating and maintaining the update of SOP’s 

Reporting

• Building reports to share with senior leaders around clinic usage: study teams, types of services being rendered, outstanding AR, etc.
• Provide monthly senior leadership reports on key financial performance metrics. Provide quarterly forecast reporting based on projected expenses and usage
• Manage quarterly P&L reporting to senior leadership
• Serve as department financial liaison with internal and external study sites, Accounts Payable/Receivable, and other departments

Team Collaboration

• Collaborate with Research Finance Analysts with billing and closeout/reconciliation functions. 
• Cross Coverage as needed for Office Manager and Clinic Coordinator

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(The above statements in this job description are intended to depict the general nature and level of work assigned to the employee(s) in this job. The above is not intended to represent an exhaustive list of accountable duties and responsibilities required).

JOB REQUIREMENTS

EDUCATION:

• Bachelor’s Degree in Business, Accounting or equivalent required

EXPERIENCE:

• At least 2 years of accounting or financial analysis experience required.

• Experience in post-award grants administration or research finance preferred.  

KNOWLEDGE, SKILLS & ABILITIES:

• Excellent English communication skills (oral and written). 

• Strong computer skills are essential (Excel /Access/Word /Outlook).  Ability and willingness to become proficient in other computer applications. 

• Ability to take initiative, handle multiple priorities and tasks in a deadline driven environment. Must be able to maintain accuracy and be detail oriented.  

• Must be able to work both independently and as part of a team

• Experience maintaining confidentiality with overly sensitive information

• Experience with tracking financials for medical supplies preferred

JOB BENEFITS:

• Competitive pay
• Tuition reimbursement and tuition remission programs
• Highly subsidized medical, dental, and vision insurance options
• Career Advancement/Professional Development: Access a wealth of ongoing training and development opportunities that will not only enhance your skills but also expand your knowledge base.
• Pioneering Research: Engage in groundbreaking research projects that are driving the forefront of biomedical science.

ABOUT THE DEPARTMENT:

As the primary teaching hospital for Boston University Chobanian & Avedisian School of Medicine and BU schools of public health and dentistry, intellectual rigor shapes our inquiries. Our research is led by a belief that skin color, zip code, and financial circumstances shouldn’t dictate health.

Boston Medical Center is an Equal Opportunity/Affirmative Action Employer. If you need accommodation for any part of the application process because of a medical condition or disability, please send an e-mail to Talentacquisition@bmc.org or call 617-638-8582 to let us know the nature of your request.

Equal Opportunity Employer/Disabled/Veterans