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Lead Financial Analyst Grants - Silver Spring, United States - Children's National Health System
Description
Job Description - Lead Financial Analyst E)Job Description
Description
Description
The Lead Financial Analyst Grants works directly with Business Office Leadership and assigned faculty in the management of financial and compliance activities related to sponsored and non-sponsored programs including large multi-institutional and complex awards.
The Lead FA performs analysis and projections for assigned portfolio relating to business or research trends, reviews the development and participates in the monitoring of departmental, non-sponsored, discretionary, and sponsored budgets, plans and determines costs of business activities; recommends budget adjustments and other cost improvement measures and closes out terminated grants and contracts, transfers funding and produces summary documents.
This position also ensures that all funding is received and that expenditures do not exceed revenue, develop financial planning, cost analysis and projection reports, meet with faculty to review and ensure compliance with hospital and/or agency regulations and restrictions, and perform comprehensive financial analysis to improve departmental financial effectiveness and compliance with CNRI and/or agency regulations and restrictions.
The Lead FA will supervise a team of FA I/II as assigned, will participate in departmental initiatives, and provide training and ongoing education for assigned staff, departmental staff and faculty as needed.
QualificationsQualifications
Minimum Education
Bachelor's Degree Finance, Accounting, Business administration, hospital administration, public administration or other business and healthcare related field (Required) Or
Minimum Work Experience
5 years progressive Financial Analyst, Grants related experience in an academic biomedical institution or academic medical center (Required)
7 years eperience in finance, accounting, business, grants management or related field (Preferred)
Required Skills/Knowledge
Ability to identify problems and find creative, effective solutions.
Demonstrated aptitude for quantitative analysis.
Excellent verbal and written communication skills.
Ability to handle multiple tasks, meet deadlines and handle confidential materials.
Proficiency in personal computer and related software.
Solid management and organizational skills.
Excellent judgement.
Ability to work with limited supervision.
Experienced with department budget and personnel communication.
Experienced working in grants management and financial management systems
Required Licenses and Certifications
Certified Research Administrator (CRA) 2 Yrs (Required)
Functional Accountabilities
Responsible Conduct of Research
Consistently demonstrates adherence to the standards for the responsible conduct of research.
Plans, conducts and manages research projects within federal and institutional regulations and policies under the direction of the principal investigator.
Uses research funds and resources appropriately.Maintains confidentiality of data as required.
Meets all annual job-related training and compliance requirements.
Financial Analysis
With minimal oversight, interprets financial data to determine past performance and to project financial probability for assigned portfolio.
Perform analysis on budget performance, investigate variances, provide justification, and communicate the PI's and leaders.
Ensures that expenditures for budgeted grants and contracts are monitored and that reports are prepared to maintain balanced accounts.
Develop financial reports for forecasting, trending, and results analysis. Provides multi-year projections for investigator portfolios.
Monitor, identify and communicate over expenditures to faculty and administrative staff as appropriate. Resolve funding shortfalls.
Assists in preparation of materials related to audit inquiries for internal, sponsor, federal or state audits.
Monitors monthly expenditures to ensure the award is being performed in a timely manner and analyze budget patterns and project expenditures so it will not have a deficit.
Manages fiscal year end closeout process for grant funding, seeking input and collaboration from additional business units as needed.Proactively researches expense and revenue variances. Seek to resolve any expense posting errors and communicate proper expense allocation as needed.
Manages all funding, including federal, nonfederal and operational, in each investigator's portfolio to assist in the strategic decision-making process.
Participates in the education of new faculty and staff related to financial management and analytics for funding portfolios
Financial Services
Review and approve charges, determines the allowability and allocability of charges, verifies availability of funds and obtains proper authorizations in an accurate and timely manner (i.e., subrecipient, animal, lab charges, pharmacy cost, equipment).
Reviews payroll distributions and ensures they are correct; for staff allocated to cost centers on a bi-weekly basis, processes PDR's in a timely fashion.
Prepares budget modifications/amendments as necessary.Maintains all backup for grant related revenue and expenditures and ensures that backup is consistent with the GL and documentation.
Completes adjustments needed for non-payroll cost transfers.Provides mentorship for junior team members.
Grants Management
Works with principal investigator to complete interim progress and/or administrative report requirements for the sponsor/funding agency and includes requests for re-budgeting, changes in program personnel, extensions, supplements or revisions of the award.
Facilitate request of ancillary and amendment agreements to support grant or contract (I.e. consultants, translation services, service agreements, regulatory reviews).Provide monthly, periodic or ad hoc financial reporting as requested.
Ensure proper management of all sponsored awards, by ensuring that all transactions agree with GAAP, NIH grants policy statement, FDP, OMB, CAS and Hospital.
Assists investigators by answering questions regarding award(s) and the grants management process; discusses strategies with investigators for continuous funding for their research and managing current awards.
Leadership/SupervisionSupervises assigned staff members. Provides ongoing training and job-related support as well as performance management. Escalates concerns to manager as appropriate.
Participates in department wide initiatives as appropriate including the development and review of policies, procedures, SOP's and job aides.
Develops and delivers training and education for colleagues and faculty as requested.
Organizational Accountabilities
Organizational Accountabilities (Staff)
Organizational Commitment/Identification
Anticipate and responds to customer needs; follows up until needs are met
Teamwork/Communication
Demonstrate collaborative and respectful behavior
Partner with all team members to achieve goals
Receptive to others' ideas and opinions
Performance Improvement/Problem-solving
Contribute to a positive work environment
Demonstrate flexibility and willingness to change
Identify opportunities to improve clinical and administrative processes
Make appropriate decisions, using sound judgment
Cost Management/Financial Responsibility
Use resources efficiently
Search for less costly ways of doing things
Safety
Speak up when team members appear to exhibit unsafe behavior or performance
Continuously validate and verify information needed for decision making or documentation
Stop in the face of uncertainty and takes time to resolve the situation
Demonstrate accurate, clear and timely verbal and written communication
Actively promote safety for patients, families, visitors and co-workers
Attend carefully to important details - practicing Stop, Think, Act and Review in order to self-check behavior and performance
Primary Location
Primary Location
:
Maryland-Silver Spring
Work Locations
Work Locations
:
Inventa Towers
1 Inventa Place
Silver Spring
20910
Job
Job
:
Accounting & Finance
Organization
Organization
:
Office Grants Contrcts Finance
Position Status
:
R (Regular)
FT - Full-Time
Shift
:
Day
Work Schedule
:
8-4:30
Job Posting
Job Posting
:
May 14, 2024, 9:57:10 PM
Childrens National Hospital is an equal opportunity employer that evaluates qualified applicants without regard to race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender, identity, or other characteristics protected by law.
The "Know Your Rights" poster is available here:
and the pay transparency policy is available here:
Know Your Rights Pay Transparency Nondiscrimination Poster.
Please note that it is the policy of Children's National Hospital to ensure a "drug-free" work environment:
a workplace free from the illegal use, possession or distribution of controlled substances (as defined in the Controlled Substances Act), or the misuse of legal substances, by all staff (management, employees and contractors).
Though recreational and medical marijuana are now legal in the District of Columbia, Children's National and its affiliates maintain the right, in accordance with our policy, to enforce a drug-free workplace, including prohibiting recreational or prescribed marijuana.
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