Senior Research Finance Analyst

Job Description

The Senior Research Finance Analyst is the key sponsored program financial contact for department administrators, principal investigators and BMC central research administration related to monitoring, controlling and reporting of grants and contracts. The position performs, on a daily basis, analysis of accounts and communication with the BMC research community, sponsors and central BMC research administration personnel. The Senior Research Finance Analyst is responsible for monitoring and communicating about the fiscal management of grants and contracts in accordance with government regulations, donor requirements, and Hospital policy. The Senior Research Finance Analyst takes on a leadership role within the Research Finance team, and provides back-up for managers when needed.

ESSENTIAL RESPONSIBILITIES / DUTIES:

• The Senior Research Finance Analyst will be assigned a sponsored projects portfolio, for which he or she performs all grant related post-award functions according to the terms and conditions of the sponsor, including, but not limited to, budget and expense analysis, monthly invoicing, financial reporting, labor distribution changes, and re-budgeting.
• Responsible for communicating with investigators and/or department administrators regarding post-award financial management of sponsored funds, including spending versus budget, unbilled and billed amounts, aged receivables/collection items, un-reconciled accounts, and deficits. Meets with department administrators and/or principal investigators on a regular basis to review status of accounts.
• Performs all grant closeout functions according to the terms and conditions of the sponsor and Hospital policy, including, but not limited to, reconciliation of the grant, preparation and submission of financial reports, final invoicing, purchase order liquidations, carryover of available funds, and AR follow-up.
• As necessary communicates with sponsors for problem resolution, outstanding receivables, budget adjustment and information gathering.
• Develops knowledge of Hospital policies and Federal and Non-Federal regulations, including OMB 2 CFR 200 (Uniform Guidance), 45 CFR Appendix IX to Part 75, PHS grants policy statement, and other grantors awarding of grants or contracts to Boston Medical Center.
• May be responsible for one or more ongoing general department responsibilities as assigned by the Manager, Research Finance. These tasks include, accounts receivable management, vendor invoices/uploads, processing journal entries, purchase order management, LOC draw prep, BU salary approvals and monthly invoice/upload, and FFR and grant ending notifications.
• Manages submonitoring and payment of subinvoices for the institution.
• In certain circumstances, may serve as back-up approver to the Manager, Research Finance for journal entries, final invoices, no cost extensions, carry-forward requests, and closeouts.
• Manages Research Finance central email inbox and distributes received correspondence to appropriate party. Completes incoming subcontract questionnaires to ensure consistency in information provided to all our pass-through sponsors.
• The Senior Research Finance Analyst performs analysis and support for ad hoc projects as needed from management.
• Assists in supporting internal and external sponsor audits, pulling together supporting documentation and liaising with department staff to meet audit needs.
• Must adhere to all of BMC’s RESPECT behavioral standards.

EDUCATION:

BS/BA or equivalent work experience preferred, preferably in Accounting, Finance or Business

EXPERIENCE:

Requires at least 3 years of relevant work experience with preference given to candidates with five or more years of experience, preferably in an Accounting or Financial role.

KNOWLEDGE AND SKILLS:

• Requires strong computer skills, including a comprehensive knowledge of Microsoft Office, particularly Excel
• Individual should have strong interpersonal skills with a high degree of analytical ability and capable of communicating effectively, both verbally and written
• The ideal candidate will possess strong deductive reasoning skills and the ability to work both independently and as part of a team are required