Financial Analyst

Columbia University
United States, New York, New York
Oct 31, 2024
Job Type: Officer of Administration Regular/Temporary: Regular Hours Per Week: 35 Salary Range: $65,000 - $70,000 The salary of the finalist selected for this role will be set based on a variety of factors, including but not limited to departmental budgets, qualifications, experience, education, licenses, specialty, and training. The above hiring range represents the University's good faith and reasonable estimate of the range of possible compensation at the time of posting. Position Summary Reporting directly to the Associate Director of Finance of the Clinical Trials Office (CTO) of Columbia University's Vagelos College of Physicians & Surgeons (VP&S) at Columbia University Irving Medical Center (CUIMC), the Financial Analyst oversees the financial management of industry-sponsored clinical trials at CUMC on behalf of study teams. The Financial Analyst will work closely with CTO colleagues, including financial analysts, contract officers, and budget analysts, as well as investigators and their research teams for the financial management of industry-sponsored clinical trials. The CTO assists investigators and academic/research staff in developing clinical trials at VP&S and provides administrative resources and infrastructure to build and sustain clinical trials research at VP&S. Responsibilities The Financial Analyst primary responsibilities include: Reconcile accruals, payments, invoices, and other financial activity for clinical trial accounts through detailed analysis and proper documentation. Establish and maintain frequent communication with sponsors, investigators, research teams or research administrators regarding account status and issues. Identify and address collection issues by tracking receipt of payments and analyzing aging and uncollectible account receivable balances. Ensure the accuracy of financial data: interpreting and analyzing account activity, auditing financial issues, and working with CTO colleagues, research teams, and sponsors to resolve issues. Create and update accounts within the university accounting system. Interpret contract and budget language to ensure efficient collection of payments. Create, distribute, and follow up on invoices for assigned caseload. Respond to inquiries in a timely manner and providing feedback and solutions to financial issues. Analyze and present on financial activity for assigned caseload. Maintain current knowledge of university policies as it relates to industry-sponsored clinical trials. Ensure CTO closeout processes are performed through thorough review of contract, budget, accruals, and payments. Assist management in identifying opportunities to improve processes: providing input for streamlining processes to facilitate collecting and analyzing data. Recommending improvements to current reconciliation process. Performs related duties & responsibilities as assigned/requested. Minimum Qualifications Bachelor's Degree or equivalent in education and experience plus three years of related experience. Preferred Qualifications Proficiency in Microsoft Office Suite (minimum intermediate level in Excel required); Zoom and Microsoft Teams Excellent analytical and critical thinking abilities, organizational, time management, problem solving skills, and attention to detail Working knowledge of clinical research Demonstrate ability to collaborate with partners in research, investigators and research teams Ability to manage/handle multiple tasks Strong customer service, oral and written communication skills Ability to work in teams and independently in a highly productive environment Equal Opportunity Employer / Disability / Veteran Columbia University is committed to the hiring of qualified local residents.