The Financial Analyst will have overall responsibility for creation of study budgets based on detailed knowledge of the study protocol requirements, additional guidance from the sponsor, and input from assigned key staff.
Creation of the study budget will require detailed knowledge of clinical operations and proficiency with a proprietary study budgeting tool. A key element of the role of Financial Analyst will be to coordinate closely with finance to verify pricing for study budgets. The role requires you to be client facing, interacting with sponsors to follow up with any questions or clarifications required to prepare the budget. The Financial Analyst may be required to follow up with the client to assist in securing an award including but not limited to following up to determine proposal feedback and negotiating budgets.
As Financial Analyst you will be required to work with Project Management by providing oversight and support for tracking all study budgets for awarded studies. This includes monthly review of the project budget, reconciliation of accounts, and assisting finance for payment invoicing.
As Financial Analyst you will also have primary responsibility in executing NDAs, MSAs, Study Contracts, and Work Scope Changes (WSCs) including working with Business Development and Finance to ensure all information is present, formatting of documents, obtaining approval and execution from appropriate parties. Following established process will be critical; however, when process improvement is needed the position will require the establishment of new procedures and the creation of appropriate templates. As Financial Analyst you may be required to work outside business hours to meet sponsor deadlines or accommodate time zone differences.
The main responsibilities of this role include but are not limited to the following:
- Negotiate study budgets
- Review, draft and negotiate NDAs, MSAs, Study Contracts, and WSCs
- Tracking and updating internal trackers on the status and dollar values of each document (as applicable)
- Initial forecasting development for all study budgets upon contract award
- Primary oversight and support for tracking all study budgets in executed Study Contracts
- Provide oversight for Project Director/Manager in tracking budgets
- Provide primary oversight for financial tracking of budgets that are not assigned a Project Director/Manager
- Facilitate invoicing approvals for finalization
- Proactively manage a workload that includes responsibility for multiple assignments
- Lead and/or participate in process improvement projects for the department
- Participate in all required job training and development courses and seminars
- Work on ad hoc projects as needed
- Limited travel (~5%) travel will be required for training, internal meetings, and client meetings at strategic accounts.
- Other requests as assigned by Manager
KNOWLEDGE & SKILL REQUIREMENTS
- Exceptional verbal and written communication skills as demonstrated by their ability to respond to questions from internal and external customers using accepted business correspondence practices.
- A thorough understanding of financial management and the committed ability to follow through with objectives to meet all crucial deadlines is necessary.
- Outstanding analytical abilities
- Self-motivated individual with a highly entrepreneurial style coupled with self-confidence and a positive demeanor
- Well-developed problem solving skills
- Excellent oral, written and presentation skills
- High energy, enthusiastic, goal driven
- Advanced proficiency in MS Office (Word, Excel, and Outlook) with Visio, PowerPoint, and Project proficiency required
EDUCATION AND EXPERIENCE REQUIREMENTS
- Bachelor's degree (B. A./B.S.) from a four-year college or university
- 5 years’ experience in a pharmaceutical, biotechnology, or clinical research organization setting preferred