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The University of Iowa
Financial Analyst - Hybrid - Cancer Center
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What they do
A Financial Analyst evaluates investment opportunities and makes recommendations to individuals and businesses. Analyzes the performance of different types of investments, studies business and economic trends and analyzes data to project company earnings
$84,854 / year median in Iowa
-13% projected decline
Job Description
Financial Analyst
- Hybrid
- Cancer Center The University of Iowa
- 4.
Duties to include:
60 %Financial Oversight and Budgeting:
Monitor and reconcile Single MOG clinical trial account expenditures, irregularities, answer inquiries regarding usage and status of accounts; advise in usage and status of account; provide recommendations and implement corrective action. Responsible for opening and closing clinical trial accounts. Analyze and prepare monthly statement reports; maintain database record-keeping system to track all expenses and revenues. Moderate knowledge of financial systems. Assist in the development of financial proformas for financial planning and presentations Analyze and audit account statements and reports to verify compliance with source of funding guidelines. Maintain account balances and reconcile differences between various account balances and external sources. Respond to financial inquiries from key stakeholders. 10%Financial Reporting:
Complete routine account reconciliations pertaining to patients on clinical trials. Prepare and submit invoices for services rendered by CRS faculty and staff (i.e., protocol administration and data management services); monitor outstanding accounts and routine account reporting. Answer questions; obtain and input information; assure information is current and accurate; prepare reports. Assist Research Billing Compliance (RBC) Office with filtering and assigning patient expenses to insurance or industry sponsor in accordance with the budget and using EPIC, Tableau, and Oncore. Serve as liaison with the Joint Office of Compliance regarding billing compliance issues. Monitor and Report internal and external payables 20%Budget Analysis/Contract Preparation:
Consult stakeholders and administrators on budget analysis and submissions for clinical trials with external financial support Analyze clinical trials budget amendments with industry sponsors and/or consortiums and cooperative groups. Serve as liaison to University Counsel, accounting offices, faculty, staff, and industry representatives. Prepare documentation; submit routing forms and obtain contract approvals as required; monitor and follow up as appropriate. 5% Leadership Participate on assigned workgroups and committees charged with reviewing CRS administrative level finances and practices; obtain and analyze information; provide recommendations; implement change as appropriate. Participate on s internally and externally workgroups contributing clinical trial billing and budgeting best practices. 5% Education, Training & Compliances Participate in internal and external training opportunities related to clinical trial billing and budgeting best practices May contribute to implementation of policies, guidance documents, and standard operating procedures. May perform external reporting requiring compliance with reporting standards. May provide training and functional and/or administrative supervision for staff 80% Workload Capacity 60- Monitor and reconcile 45-50 Single MOG clinical trial accounts. 20%
- Process 4-8 budget amendments monthly
SUPERVISION RECEIVED
Administrative and functional supervision received by Financial Analyst SupervisorSUPERVISION EXERCISED
May supervise students or other staff as assigned UI Health Care Core Values (WE CARE) W elcoming We are welcoming to the community, partners, staff, and patients utilizing the collective strength of our people. E xcellence We achieve and deliver our personal and collective best in the pursuit of quality and accessible health care, education, and research. C ollaboration We collaborate with health care systems, providers, and communities across Iowa and the region as well within our UI community. We believe teamwork- guided by compassion
- is the best way to work.
Percent of Time:
100%Work Schedule:
Monday- Friday, Hours generally worked between 7:00am-5pm
Work Arrangement:
This position is eligible for a hybrid work arrangement of both on-campus (UI Health Care) and remote work within the state of Iowa upon completion of a 6 month onsite training period, with the majority of work taking place on the U of I/UI Health Care campus. Per policy, work arrangements will be reviewed annually, and must comply with the remote work program and related policies and employee travel policy when working at a remote location.Pay Grade:
3B https://hr.uiowa.edu/pay/guide-pay-plansBenefits Highlights:
Regular salaried position located in Iowa City, IA and Coralville, IA Fringe benefit package including paid vacation; sick leave; health, dental, life and disability insurance options; and generous employer contributions into retirement plans For more information about Why Iowa?, click here Required Qualification Bachelor's degree in Business Administration or Accounting or an equivalent combination of education and experience. Minimum 1 year accounting and/or financial experience. General knowledge of accounting practices Excellent written, verbal and interpersonal communication skills. Ability to Multi- task Ability to work with minimal supervision and collaborate with cross-functional teams Self-motivated with a passion for continuous learning and a desire to take on tough and challenging projects Experience managing complex financial information requiring strong attention to detail.