Financial Analyst Ii Grants - Silver Spring, United States - Children's National Hospital

Children's National Hospital
Children's National Hospital
Verified Company
Silver Spring, United States

1 week ago

Mark Lane

Posted by:

Mark Lane

beBee recruiter
Description

Description


The Financial Analyst II 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.

The FA II 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; recommend 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, develops financial planning, cost analysis and projection reports, meets with faculty to review and ensure compliance with hospital and/or agency regulations and restrictions, and performs comprehensive financial analysis to improve departmental financial effectiveness and compliance with CRI and/or agency regulations and restrictions.

The FA II provides mentorship for both junior team members as well as new faculty related to appropriate grants financial management.


Qualifications

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
3 years progressive related experience (required)


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 work with 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) (preferred)


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 jobrelated training and compliance requirements.

Financial Analysis

  • With mínimal 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 multiyear 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 decisionmaking 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 biweekly 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 nonpayroll cost transfers.
  • Provides mentorship f
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