Financial Analyst

University Of Pennsylvania Financial Analyst

The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned leader in education, research, and innovation. This historic, Ivy League school consistently ranks among the top 10 universities in the annual U.S. News & World Report survey. Penn has 12 highly-regarded schools that provide opportunities for undergraduate, graduate and continuing education, all influenced by Penn's distinctive interdisciplinary approach to scholarship and learning. As an employer Penn has been ranked nationally on many occasions with the most recent award from Forbes who named Penn one of America's Best Large Employers in 2023. Penn offers a unique working environment within the city of Philadelphia. The University is situated on a beautiful urban campus, with easy access to a range of educational, cultural, and recreational activities. With its historical significance and landmarks, lively cultural offerings, and wide variety of atmospheres, Philadelphia is the perfect place to call home for work and play. The University offers a competitive benefits package that includes excellent healthcare and tuition benefits for employees and their families, generous retirement benefits, a wide variety of professional development opportunities, supportive work and family benefits, a wealth of health and wellness programs and resources, and much more.

Job Description

The financial analyst should have experience in industry sponsored research contract negotiations, amendments and human research budget development. Independently manage post award activities including account setup, monitor and review of all sponsored projects expenditures including fund projections and annual budget. This position will be responsible for project specific accounting activities for clinical research projects across multiple divisions serving as a liaison between investigators, clinical research project managers and clinical research support staff. The financial analyst will report to the Manager of Admin & Finance for the Department of Medicine; have a supporting role across multiple divisions; liaison with the PSOM Office of Clinical Research (OCR), Clinical Trial Contracting Unit (CTCU), and the Office of Research Support Services (ORSS).

The Financial Analyst will :

• Reconcile funds and prepare reports for distribution to principal investigators and divisions leadership on a monthly basis. Post-award activities : ensure accurate reconciliation of expense across all accounts including but not limited to UPHS billing, PSOM charges, payment tracking and other variable expense. Oversee human subject payment. Manage patient billing including technical fees, professional fees, and service center charges
• Interface with industry sponsors to ensure the accurate collection of accounts receivable for clinical research projects. In collaboration with the Internal Review Board (IRB) and Office of Research Services (ORS) work to ensure all cash collection and service fees are appropriately recorded and reconciled.
• Meet with PIs and study team on a bi-monthly basis to review clinical trial revenue, expense and fund balance reports. Ensures timely posting to Penn Box of financial reports for assigned portfolios
• Close-out accounts at study termination & complete final reconciliation with Sponsor. Submit final close out documents to the Office of Research Support Services (ORSS) and ORS. Monitor close out process to ensure account balance is cleared and the fund is disabled.
• Support pre-award activities for patient oriented clinical trials federal and non-federal including completion of Prospective Reimbursement Analysis (PRA) with Clinical Research Coordinators(CRCs) / PIs, Research Billing Number (RBN) set-up, advance account paperwork if required, invoicing start-up, tracking initial payments, requesting approval for IDE devices from UPHS Supply Chain Committee, etc.

Qualifications

Bachelor of Science and 2 to 3 years of experience or equivalent combination of education and experience is required. Strong organizational capabilities along with attention to detail, excellent follow through and analytic skills necessary. Must be effective in setting and meeting personal short and long-term goals to complete assignments, with multiple project tasks ongoing simultaneously. Successful candidates will have the ability to anticipate problems relating to projects and to develop and implement solutions. Flexibility and the drive to meet project deadlines required. Knowledge of financial processes required. Excellent written and verbal skills required. Position contingent upon funding.

Job Location

Philadelphia, Pennsylvania

Department / School

Perelman School of Medicine

Pay Range

$55,000.00 - $80,000.00 Annual Rate

University Benefits

Penn offers comprehensive medical, prescription, behavioral health, dental, vision, and life insurance benefits to protect you and your family's health and welfare. You can also use flexible spending accounts to pay for eligible health care and dependent care expenses with pre-tax dollars. Take advantage of Penn's exceptional tuition benefits. You, your spouse, and your dependent children can get tuition assistance here at Penn. Your dependent children are also eligible for tuition assistance at other institutions. Penn offers generous retirement plans to help you save for your future. Penn's Basic, Matching, and Supplemental retirement plans allow you to save for retirement on a pre-tax or Roth basis. Choose from a wide variety of investment options through TIAA and Vanguard. Penn provides you with a substantial amount of time away from work during the course of the year. This allows you to relax, take vacations, attend to personal affairs, recover from illness or injury, spend time with familywhatever your personal needs may be. In partnership with Genworth Financial, Penn offers faculty and staff (and your eligible family members) long-term care insurance to help you cover some of the costs of long-term care services received at home, in the community or in a nursing facility. Penn is committed to supporting our faculty and staff as they balance the competing demands of work and personal life. That's why we offer a wide variety of programs and resources to help you care for your health, your family, and your work-life balance. Penn provides an array of resources to help you advance yourself personally and professionally. As a member of the Penn community, you have access to a wide range of University resources as well as cultural and recreational activities. Take advantage of the University's libraries and athletic facilities, or visit our arboretum and art galleries. There's always something going on at Penn, whether it's a new exhibit at the Penn Museum, the latest music or theater presentation at the Annenberg Center, or the Penn Relays at Franklin Field to name just a few examples. As a member of the Penn community, you're right in the middle of the excitementand you and your family can enjoy many of these activities for free. From arts and entertainment to transportation and mortgages, you'll find great deals for University faculty and staff. Not only do Penn arts and cultural centers and museums offer free and discounted admission and memberships to faculty and staff. You can also enjoy substantial savings on other goods and services such as new cars from Ford and General Motors, cellular phone service plans, movie tickets, and admission to theme parks. Flexible work options offer creative approaches for completing work while promoting balance between work and personal commitments. These approaches involve use of non-traditional work hours, locations, and / or job structures. Penn offers a forgivable loan for eligible employees interested in buying a home or currently residing in West Philadelphia, which can be used for closing costs or home improvements. Penn will reimburse eligible employees on qualified expenses in connection with the legal adoption of an eligible child, such as travel or court fees, for up to two adoptions in your household.

Equal Opportunity Statement

The University of Pennsylvania is an equal opportunity employer. Candidates are considered for employment without regard to race, color, sex, sexual orientation, religion, creed, national origin, citizenship status, age, disability, veteran status or any class protected under applicable federal, state or local law.