Financial Analyst - Chicago, United States - Northwestern University

Description

Department: MED-Cancer Center
Salary/Grade: EXS/6

Job Summary:

The post-award financial analyst in the cancer center is responsible for the financial management for over 100 clinical trials contracts assigned to them. They are responsible for reviewing the executed contracts in able to timely and accurately invoice sponsors for set-up, annual maintenance, and after reviewing patient activity regular invoicing including ensuring timely payments are received, ensuring medical affiliates and sub-affiliates are paid accurately, requesting no cost extensions, and reconciliations during and at the close-out of the trial.

* Supports a university accounting-related area or program.

* Manages financial operations &/or analysis in support of area/unit's mission & in coordination

* with central offices such as HR, Budget, Financial Aid, Facilities, Purchasing, IT, Provost, etc.

* Reviews a portfolio of multiple schools/depts' financial operations comprised of work that

* involves some complex problems &/or decisions.

Specific Responsibilities:

Budget:

* Participates in determination of budget including fiscal resource allocation of appropriated, discretionary, endowment &/or gift revenues.

* Prepares analysis & reports.

* Provides account research.

* Assists with budget projects.

* Updates budget estimates & provides commitment tracking support for all financial activity.

* Ensures lead schedules are prepared.

* Guides units of responsibility through university budgeting and forecasting processes, reviews budget and forecasting submissions.

* Acts a Budget Office expert on units and functions within portfolio of responsibilities.

* Coordinates &/or provides information for the annual salary review process.

* Reviews & reconciles actual expenses to budget per NU Audit guidelines.

* Approves funds reallocation within budget as necessary & appropriate.

Analysis, Statements & Reporting:

* Creates daily, monthly, annual, &/or project end analysis & reports regarding area/unit, grants &/or awards, accounts, funds, payroll, expense &/or revenue allocation, customer service activity, etc.

* Prepares financial analysis and lead schedules for supplies, equipment, &/or personnel decisions.

* Records journal entries and creates reports.

* Performs financial account reconciliations, statement analysis, and transaction research.

* Provides support for annual audit workpapers and quarterly financial statement workpapers.

* Maintains, and updates financial models and analysis.

Transactions:

* Provides review and oversight of all types of financial transactions some of which may be complex in regard to size or duration of account.

* Enters individual &/or summary of transactions into journals &/or general ledger or other NU enterprise system.

* Reviews; ensures approval based on alternatives regarding practice & policy; analyzes and classifies transactions in accordance with established chart or coding of accounts; creates new accounts; prepares, processes, reconciles & provides receipts (as appropriate) for transactions.

* Processes transfer &/or appropriation charges & may balance &/or close accounts.

* Troubleshoots problems; performs vendor/account research as needed; obtains additional information from or provides instruction & guidance for customers/vendors; corrects or escalates.

* Maintains Chart of Account lists.

* Prepares & delivers bank deposits

* Accesses multiple banking systems to process transactions, retrieve information, &/or initiate wire transfers.

* Provides financial policy interpretation to determine the validity of customer requests & ensure compliance.

* Contacts outside agencies, banks &/or banking systems to obtain clarification of rules &/or regulations.

* Controls account availability for all chart strings.

* Provides support for internal &/or granting agency audit requests.

* Reviews status of related university accounts, transactions and processes; troubleshoots issues as needed.

Grants &/or Awards:

* Reviews PI funding status on a monthly basis.

* Works with Dept &/or Research Administrator regarding financial grants management issues.

* Provides data for grant proposals; submits proposals

* Develops &/or administers budgets; coordinates IRB/IACUC, OSR/ASRSP transactions, &/or effort reporting.

* Interacts with faculty, staff &/or funders to build relationships, transfer knowledge, &/or advise on research policies & procedures.

* Monitors commitments and expenditures to ensure compliance with granting agency guidelines.

* Verifies accurate set up of sponsored project accounts.

Administration:

* Processes & presents data & information through the application of database, graphic & spreadsheet software.

* Obtains data by downloading from enterprise systems; develops and runs queries.

* Identifies sources for data & information to be used & completes special financial projects such as (enter in explanation of special projects):

* Performs general office support activities

* Manages operation of or interaction with a computer system or system processes that support the area or program.

* Ensures that area service level goals are met.

Training:

* Provides training and support to related university units or program participants; maintains website and training materials

Supervision:

* Supervises temporary, part-time or work study students

* Provides work direction to others

* Supervises other employees

* Assists with hiring employees

Miscellaneous

Performs other duties as assigned.

Minimum Qualifications:

* Bachelor's Degree in Accounting, Business Administration, Finance or related field; OR 2 years financial administration work experience; OR equivalent combination education and experience where similar knowledge, skills, and abilities may be acquired.

* 2 years financial, budgeting &/or preparing account reconciliations or financial statements along with financial analysis experience.

Preferred Qualifications:

* Clinical Trials Experience

* Accounting background

Target hiring range for this position will be between $55,128 -$68,911 per year. Offered salary will be determined by the applicant's education, experience, knowledge, skills and abilities, as well as internal equity and alignment with market data.

Benefits:
At Northwestern, we are proud to provide meaningful, competitive, high-quality health care plans, retirement benefits, tuition discounts and more Visit us at to learn more.

Work-Life and Wellness:
Northwestern offers comprehensive programs and services to help you and your family navigate life's challenges and opportunities, and adopt and maintain healthy lifestyles.
We support flexible work arrangements where possible and programs to help you locate and pay for quality, affordable childcare and senior/adult care. Visit us at to learn more.

Professional Growth & Development:
Northwestern supports employee career development in all circumstances whether your workspace is on campus or at home. If you're interested in developing your professional potential or continuing your formal education, we offer a variety of tools and resources. Visit us at to learn more.

Northwestern strongly recommends COVID-19 vaccinations and boosters for people who can obtain them as a critical tool for minimizing severe illness. More information can be found on the COVID-19 and Campus Updates webpage.

The Northwestern campus sits on the traditional homelands of the people of the Council of Three Fires, the Ojibwe, Potawatomi, and Odawa as well as the Menominee, Miami and Ho-Chunk nations. We acknowledge and honor the original people of the land upon which Northwestern University stands, and the Native people who remain on this land today.

Northwestern University is an Equal Opportunity, Affirmative Action Employer of all protected classes, including veterans and individuals with disabilities. Women, racial and ethnic minorities, individuals with disabilities, and veterans are encouraged to apply. Click for information on EEO is the Law.

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