Financial Analyst II Grants

About the role

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. This position 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 position also provides mentorship for both junior team members as well as new faculty related to appropriate grants financial management.

Responsibilities

• Identifies and analyzes financial data to determine past performance and project financial probability for assigned portfolio.
• Interprets budget performance, investigates variances, provides justification, and communicates findings to PI and leadership.
• Maintains 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.
• Ensures that expenditures for budgeted grants and contracts are monitored and that reports are prepared to maintain balanced accounts.
• Develops financial reports for forecasting, trending, and results analysis.
• Provides multi-year projections for investigator portfolios.
• Makes recommendations for resolving funding shortfalls.
• Assists in preparing 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 analyzes budget patterns to prevent deficits.
• 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 and seeks to resolve any expense posting errors.
• Manages all funding, including federal, non-federal and operational, in each investigator’s portfolio to assist in the strategic decision-making process.
• Provides mentorship for junior team members and new faculty related to financial management and analytics for funding portfolios.
• Reviews and approves charges, determines the allowability and allocability of charges, verifies availability of funds, and obtains proper authorizations in an accurate and timely manner.
• Processes payroll distributions and ensures they are correct; 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.
• 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.
• Facilitates requests for ancillary and amendment agreements to support grant or contract (e.g., consultants, translation services, service agreements, regulatory reviews).
• Provides monthly, periodic, or ad hoc financial reporting as requested.
• Safeguards all sponsored awards by ensuring that all transactions agree with GAAP, NIH grants policy statement, FDP, OMB, CAS and Hospital policies.
• Aids 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.

Requirements

• Minimum Education: Bachelor's Degree in Finance, Accounting, Business Administration, Hospital Administration, Public Administration or other business and healthcare related field.
• Minimum Work Experience: 3 years progressive related experience.

Qualifications

• 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 judgment.
• Ability to work with limited supervision.
• Experience with department budget and personnel communication.
• Experience working in grants management and financial management systems.

Skills

• Knowledge of the responsible conduct of research.
• Ability to manage research projects within federal and institutional regulations and policies under the direction of the principal investigator.
• Ability to interpret financial data to determine past performance and project financial probability for assigned portfolio.
• Ability to develop financial reports for forecasting, trending, and results analysis.
• Ability to provide multi-year projections for investigator portfolios.
• Ability to monitor and identify over expenditures to faculty and administrative staff as appropriate.
• Ability to resolve funding shortfalls.
• Ability to prepare materials related to audit inquiries for internal, sponsor, federal or state audits.
• Ability to monitor monthly expenditures to ensure the award is being performed in a timely manner and analyze budget patterns to prevent deficits.
• Ability to manage fiscal year end closeout process for grant funding.
• Ability to proactively research expense and revenue variances and seek to resolve any expense posting errors.
• Ability to manage all funding, including federal, non-federal and operational, in each investigator’s portfolio to assist in the strategic decision-making process.
• Ability to provide mentorship for junior team members and new faculty related to financial management and analytics for funding portfolios.
• Ability to review and approve charges, determine the allowability and allocability of charges, verify availability of funds, and obtain proper authorizations in an accurate and timely manner.
• Ability to facilitate requests for ancillary and amendment agreements to support grant or contract (e.g., consultants, translation services, service agreements, regulatory reviews).
• Ability to provide monthly, periodic, or ad hoc financial reporting as requested.
• Ability to safeguard all sponsored awards by ensuring that all transactions agree with GAAP, NIH grants policy statement, FDP, OMB, CAS and Hospital policies.
• Ability to aid investigators by answering questions regarding award(s) and the grants management process; discussing strategies with investigators for continuous funding for their research and managing current awards.

Benefits

• Comprehensive health coverage, including medical, prescription, infertility, and transgender health services.
• Generous paid time off, including vacation accrual from day one, sick leave, holidays, and a personal day.
• Financial wellness support, including a 401(k) plan and healthcare and dependent care spending accounts.
• Employer-paid life, AD&D, and long-term disability coverage, with optional supplemental plans.
• Additional perks, including tuition assistance, fitness resources, employee assistance, commuter benefits, and more.

Pay

$65,124.80 - $108,555.20

Schedule

N/A