Position: Research Finance Analyst II, Research Finance
Location: Boston, MA
Schedule: 40 hours per week, Remote
ABOUT BMC:
At Boston Medical Center (BMC), our diverse staff works together for one goal — to provide exceptional and equitable care to improve the health of the people of Boston. Our bold vision to transform health care is powered by our respect for our patients and our commitment to ensure everyone who comes through our doors has a positive experience.
You’ll find a supportive work environment at BMC, with rich opportunities throughout your career for training, development, and growth and where you’ll have the tools you need to take charge of your own practice environment.
POSITION SUMMARY:
The Research Finance Analyst is the key sponsored program financial contact for the departmental administrators, principal investigators and BMC central research administration related to monitoring, controlling and reporting of grants and contracts. The position performs analysis of accounts and communication with the BMC research community, sponsors, and central BMC research administration personnel. Also responsible for the monitoring/communicating about the fiscal management of grants and contracts in accordance with government regulations, sponsor requirements, and Hospital policy.
JOB RESPONSIBILITIES:
- The Research Finance Analyst II will be assigned a sponsored projects portfolio, for which the individual performs all grant related post-award financial functions according to the terms/conditions of the sponsor, including budget and expense analysis, monthly invoicing, financial reporting, labor distribution changes, and re-budgeting.
- Reviews contracts and new awards to assess impact on financial management of awards and provides feedback to Sponsored Programs Administration, ensuring BMC can meet its contractual obligations for financial management
- Responsible for communicating with staff regarding post-award financial management of sponsored funds, including spending versus budget, unbilled and billed amounts, aged receivables/collection items, un-reconciled accounts, and deficits. Meets with department administrators and/or principal investigators on a regular basis to review status of accounts.
- Performs all grant closeout functions according to the terms/conditions of the sponsor and Hospital policy, including reconciliation of the grant, preparation and submission of financial reports, final invoicing, purchase order liquidations, carryover of available funds, and AR follow-up.
- As necessary communicates with sponsors for problem resolution, outstanding receivables, budget adjustment and information gathering.
- Develops knowledge of Hospital policies and Federal and Non-Federal regulations, including OMB 2 CFR 200 (Uniform Guidance), 45 CFR Appendix IX to Part 75, PHS grants policy statement, and other grantors awarding of grants or contracts to Boston Medical Center.
- May be responsible for one or more ongoing general department responsibilities. These tasks include, accounts receivable management, vendor invoices/uploads, processing journal entries, purchase order management, LOC draw prep, BU salary approvals and monthly invoice/upload, and FFR and grant ending notifications.
- Assists in supporting internal and external sponsor audits, pulling together supporting documentation and liaising with department staff to meet audit needs.
JOB REQUIREMENTS
EDUCATION:
- BS/BA or equivalent work experience preferred, preferably in Accounting, Finance, or Business
EXPERIENCE:
- Requires two to five years of relevant work experience, preferably in an Accounting or Financial role
KNOWLEDGE & SKILLS:
- Requires strong computer skills, including a comprehensive knowledge of Microsoft Office, particularly Excel
- Individual should have strong interpersonal skills with a high degree of analytical ability and capable of communicating effectively, both verbally and written
- The ideal candidate will possess strong deductive reasoning skills and the ability to work both independently and as part of a team are required
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.
- Pioneering Research: Support 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 [email protected] or call 617-638-8582 to let us know the nature of your request.
Equal Opportunity Employer/Disabled/Veterans
