Financial Business Analyst (4416)

The Financial Business Analyst plays a critical role in calculating, reconciling, and reporting fees payable to Principal Investigators (PIs) based on sponsor cash receipts, contractual agreements, and patient activity. This position requires a detailed understanding of contractual payment terms and the ability to analyze financial data from multiple sources to ensure accurate and timely payments. The analyst will collaborate closely with Finance, Clinical Operations, and other departments to support month-end processes and maintain strong relationships with investigators and stakeholders.

Key Responsibilities

- Review and interpret contractual payment terms for each Principal Investigator.
- Calculate PI fees considering sponsor cash received, patient visits, study milestones, and fee arrangements.
- Assess payments related to new patient randomizations, including those sourced by doctors.
- Prepare comprehensive statements of account for each PI, detailing fees earned on both cash and accrual bases, payments made, and outstanding balances.
- Reconcile PI fees with sponsor receipts, clinical activity, and payment records to ensure accuracy.
- Extract and analyze data from systems such as CRIO and COMTRACK.
- Investigate and resolve discrepancies between contracts, patient activity, sponsor payments, and PI fee calculations.
- Develop forecasts and projections for individual PI fees and future payment requirements.
- Support month-end accruals, reconciliations, and management reporting.
- Collaborate effectively with Finance, Clinical Operations, Accounts Receivable, Accounts Payable, and Principal Investigators to facilitate smooth financial operations.

Required Qualifications

- Bachelor’s degree in Finance, Accounting, Business, Healthcare Administration, or a related field is strongly recommended.
- A minimum of 7 years of experience in financial analysis or a similar role.
- Strong expertise in budgeting, forecasting, and financial reporting.
- Proficiency in Microsoft Excel, Google Spreadsheets, and financial reporting systems.
- Excellent interpersonal and communication skills, with the ability to convey financial information clearly and collaboratively.
- Strong attention to detail and organizational skills.
- Ability to simplify complex financial data for diverse audiences.
- Self-motivated with a high degree of accountability and follow-through.
- Relationship-driven and approachable, comfortable engaging with physicians, investigators, and executive leadership.
- Flexible scheduling to accommodate changes in investigator availability.
- Transparent, trustworthy, and solutions-oriented mindset.
- Team-oriented with a customer service approach toward investigator support.

Performance Metrics

Success in this role will be measured by maintaining at least 98% accuracy in PI fee calculations, completing reconciliations with minimal errors, issuing 100% of PI statements on time, and meeting month-end close deadlines. The analyst is expected to keep accruals within ±5% of final amounts and match 95% of sponsor cash receipts within five business days. Additional metrics include maintaining 98% data accuracy, submitting approved payments within 2–3 business days, resolving routine issues within five days, and complex issues within 15 days. Timely stakeholder responses, high-quality reporting, process improvements, full compliance with regulatory and confidentiality standards, and audit readiness are also key success factors.

This role offers the opportunity to work in a dynamic environment where financial precision and collaborative communication are essential. The Financial Business Analyst will contribute significantly to the financial integrity and operational efficiency of clinical research activities.