Sr. Financial Analyst - Clinical Trials

Position : Senior Financial Analyst, Clinical Trials Office

Location : Boston, MA

Schedule : 40 hours per week, Remote

POSITION SUMMARY :

Facilitates the financial management associated with planning, negotiating, setting up, managing, and closing out clinical research studies.

Key responsibilities include evaluating study protocols and developing accurate budgets. Meeting with research personnel to identify / quantify information impacting clinical trial finances, distinguish between billable (standard of care or SOC) and non-billable costs and ensure adherence to Federal compliance in the budgeting process.

This person serves as a primary resource on business aspects of clinical research and works with the study teams to develop coverage analyses, clinical trial budgets, and reports to track and monitor receivables.

Creates and analyzes clinical trial financial reports and ensures financial information has been recorded accurately.

JOB RESPONSIBILITIES :

Medicare Coverage Analysis (MCA)

• Review complex study protocols, sponsor agreements, informed consent forms and related documents as needed. Determine whether a study is a "qualifying clinical trial"
• Maintain a "library" of information on standards of care, National Coverage Decisions (NCDs), Local Coverage Determinations (LCDs), etc.

Develop coverage grids

• Analyze Medicare benefit policies, coverage determinations, and medical practice guidelines related to study specific interventions
• Collaborate with the Principal Investigator and the clinical research team to finalize the MCA and designate funding sources for research costs
• Provide internal training and education on Medicare Coverage Analysis as needed

Budgeting

• Works with the Principal Investigator and the clinical trial team to develop an internal budget that includes all costs applicable to the trial
• Reviews patient care charges associated with each clinical trial on a periodic basis. Works with Patient Billing and post-award personnel in Research Administration to ensure that charges for all patient procedures are treated appropriately
• Negotiates with sponsors to reach agreements appropriate to the costs of the trial

Financial Management

• Account Setup, sponsor invoicing, project accounting / reporting
• Supports the study team in the financial management of clinical trials originating from federal, foundation, and industry funds.
• Reviews expenditures against budgeted amounts and against revenues
• Monitors participant accrual, activity and related revenue. Monitors trial accounts and assists resolution of issues
• Assists PIs and research teams with the allocation of trial personnel costs and trains clinical trial personnel in the fiscal operations of research
• At the completion of the trial, supports post-award personnel in the review of expenditures and receipts.

Reporting and Analysis

• Prepares analyses and reports of clinical trial financials for presentation to Director, Clinical Trial Office (CTO), study teams, Patient Financial Services, and others as requested
• Assists Principal Investigators with budget monitoring and prepares projections.
• Delivers timely accurate clinical trial financial information to Director, CTO
• Beyond reporting, provides insight and analysis as to which specific departments or specific clinical trials are not covering costs, covering costs, or profitable

Systems Support

• Primary user of Lawson LBI, SDK, and the Boston Medical Center CTO Clinical Trials Management System (CTMS)
• Provides education and assistance as needed to new users and study team members in the use and functionality of the CTMS

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 required, with preference for concentration in Economics, Business, Accounting or Finance. Master's Degree highly desired.

EXPERIENCE :

Minimum of five years professional experience in research administration or a financial analysis / accounting function.

KNOWLEDGE AND SKILLS :

• Advanced MS Excel, Word, Access, and PowerPoint skills. Experience with or ability to learn Lawson LBI, SDK, and additional application systems.
• Highly analytical thinking with demonstrated talent for identifying, scrutinizing, improving, and streamlining complex work processes.
• Strong financial management / forecasting skills. Ability to interpret financial data and operating metrics.
• Detail oriented with strong organizational skills. Ability to multitask and prioritize work is essential.
• Ability to meet deadlines and maintain sensitive and confidential information.
• Excellent written and verbal communication and interpersonal skills.

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 especially for individuals pursuing careers in medicine or biomedical research.
• 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 call617-638-8582to let us know the nature of your request.

Equal Opportunity Employer / Disabled / Veterans