Research Financial Administrator

About the role

This position serves as a subject matter expert in billing and contractual research compliance, collaborating with Renown Health departments, academic relationships, and community partners throughout the study lifecycle.

Responsibilities

• Develops and maintains research budgets in accordance with coverage analysis and ensures compliance with sponsor and patient/insurance billing.
• Performs budget negotiations and ensures compliance and accountability to sponsors and patients.
• Reviews and recommends adjustments to budgeting and processes to align with industry standards and trends.
• Manages financial transactions, reporting, and reconciliation of research-related contracts within the clinical trials management system.
• Coordinates with study coordinators and demonstrates familiarity with basic science and medical disciplines, along with fundamental knowledge of hospital and research functions.
• Maintains high standards for confidentiality and professionalism regarding patient privacy and sponsor protocol agreements.
• Supports billing audits and queries internally and externally, assisting with their resolution.

Requirements

• Reports to Department leadership and focuses on Renown's research study and research award stakeholders.
• Requires a substantial working knowledge of institutional requirements aligned with federal regulations in financial compliance and reporting for research efforts.
• Must have a bachelor’s degree in business, science, or a related field, with clinical or scientific exposure and education preferred.
• At least two years of experience in an analytical background with exposure to financial analysis is preferred.
• Must have a thorough understanding of the research life cycle.

Skills and Abilities

• Excellent interpersonal and verbal/written communication skills.
• Ability to manage change and achieve operational results with minimal disruptions using innovative and creative methods.
• Analytical and organized with attention to detail and accuracy, capable of prioritizing tasks effectively.
• Strong analytical and critical thinking skills to identify problems, issues, errors, and determine their root causes; ability to recommend quality improvement and change management strategies.
• Flexibility to adapt to various content and stakeholder needs.

Additional Information

This position does not provide patient care.