Mount Sinai Careers
Senior Financial Analyst, Tisch Cancer Institute
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Tisch Cancer Institute, Senior Financial Analyst 2335178
The primary purpose of the Senior Financial Analyst is to provide clinical trial budgeting expertise and support to the Tisch Cancer Institute Clinical Trials Office. The Sr. Financial Analyst ensure thorough preparation of study budgets, negotiation of financially sound contracts, and timely tracking and collection of sponsored payments. Serves as a finance liaison for finance interactions between GCO, TCI Finance, CCTO Finance team, and various industry sponsors. Specifically, this position will have oversight of all industry and federal sponsored clinical trial budgets and contracts.
- Works with Principal Investigators, CCTO Finance, and the Regulatory Team to prepare detailed research cost and patient care budgets on new or modified research contracts as required
- Participates in study initiation meetings to ensure all costs are captured. Educates clinical research staff on financial aspects of study, including which services are standard of care and which are research
- Develop and approve investigator site and baseline budget
- Completes Sponsors budget forms
- Reviews coverage analysis for accuracy and inclusion into internal departmental trial budget
- Solicits budgets from participating departments in the clinical trial
- Negotiate with industry sponsors and CROs on new and amended clinical trial budgets. Ensures all research costs are covered, escalates to PI and/or Chair if negotiations reach a standstill
- Reviews and tracks protocols and protocol amendments for budget items to ensure all points of costs are reflected in the sponsored budget. Update internal budgets as necessary and update Department Finance Team
- Ensures that department policies and procedures conform to institutional standards as it relates to research patient charges, their budgeting and their expenditure
- Oversees advance set up process to establish chart field strings are created
- Ensures research charge activity is flowing smoothly for all newly-activated studies
- Oversees the research charge reconciliation process for all studies
- Periodically provides updates and departmental training related to research charge billing
- Liaison with PBS and CRF and other institutional authorities regarding research charge billing
- Develops course data logs and reviews with assigned clinical studies coordinator or research nurse. Assures they are updated timely
- Collaborate with grant program manager/coordinators on clinical grant development including budgeting of resources and patient care costs for clinical aspects of grant to ensure accurate pre-award submission
- Project Management / Data Analysis / Reporting
- Interacts with all levels of personnel within the department, other institutional departments, as well as outside companies to resolve problems/errors or questions regarding basic accounting reconciliation items
- Oversee the annual process for analyzing the department s cost of research, with the deliverable of a report and presentation to the Chair and faculty during the first quarter of each fiscal year
- Heavily participates in and/or manages the ePAF process for charging salaries to the appropriate studies. Review actual versus budgeted effort, compared to study enrollments and recommend adjustments as necessary. Project effort/salary distribution for life of study to accommodate fluctuations in activity
- Works closely with departmental effort coordinator to ensure accuracy in annual effort allocation process
- Develop database for oversight of protocol budgets, allocated resources (actual salary and effort), and submission of invoicing per protocol
- Manage the sponsor invoicing process for both milestone payments and regularly occurring study visits, to ensure timely collection of payments for work performed
- Create metrics for turnaround times for the various touchpoints in the budget creation and negotiation process for future monitoring
- Assist with any departmental needs as required, to include special financial and research reports as requested
- Oversee organization and maintenance of sponsored project files relating to fiscal and budgetary responsibilities and report
- Consults with departmental finance team regarding expense transactions related to each protocol
- Review M&O requests through Resource One and other internal departments and programs for allowance on sponsored projects. Compare to project budget, contract, and institutional policies
- Serve as the subject matter expert on clinical trial budgeting for the department
- Crosstrain members of the existing team on clinical trial budgeting
- Request no cost extensions through grants and contracts
- Bachelor's degree in Business Administration, finance or related business specialty
- Five years’ experience in data analysis, accounting or financial project management
- Clinical trial budget and contract (pre-award) experience preferred
- Strong knowledge of accounting principles and practices
- Familiarity with compiling financial reports reflecting financial status and operating procedures of organizations
- Very good written and oral communication skills
- Attention to detail
The Mount Sinai Health System believes that diversity is a driver for excellence. We share a common devotion to delivering exceptional patient care. Yet we’re as diverse as the city we call home- culturally, ethically, in outlook and lifestyle. When you join us, you become a part of Mount Sinai’s unrivaled record of achievement, education and advancement as we revolutionize medicine together.
We work hard to acquire and retain the best people, and to create a welcoming, nurturing work environment where you can develop professionally. We share the belief that all employees, regardless of job title or expertise, can make an impact on quality patient care.
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Over 38,000 employees strong, the mission of the Mount Sinai Health System is to provide compassionate patient care with seamless coordination and to advance medicine through unrivaled education, research, and outreach in the many diverse communities we serve.
Formed in September 2013, The Mount Sinai Health System combines the excellence of the Icahn School of Medicine at Mount Sinai with seven premier hospital campuses, including Mount Sinai Beth Israel, Mount Sinai Beth Israel Brooklyn, The Mount Sinai Hospital, Mount Sinai Queens, Mount Sinai West (formerly Mount Sinai Roosevelt), Mount Sinai St. Luke’s, and New York Eye and Ear Infirmary of Mount Sinai.
The Mount Sinai Health System is an equal opportunity employer. We promote recognition and respect for individual and cultural differences, and we work to make our employees feel valued and appreciated, whatever their race, gender, background, or sexual orientation.