Clinical Research Financial Analyst I-Iii

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Closing Date:

11/22/2024

Type of Position:

Job Type:

Regular

Work Shift:

Day Shift (United States of America)

Sponsorship Available:

No

Institution Name:

University of Arkansas for Medical Sciences

The University of Arkansas for Medical Sciences (UAMS) has a unique combination of education, research, and clinical programs that encourages and supports teamwork and diversity. We champion being a collaborative health care organization, focused on improving patient care and the lives of Arkansans.

UAMS offers amazing benefits and perks (available for benefits eligible positions only):

• Health: Medical, Dental and Vision plans available for qualifying staff and family
• Holiday, Vacation and Sick Leave
• Education discount for staff and dependents (undergraduate only)
• Retirement: Up to 10% matched contribution from UAMS
• Basic Life Insurance up to $50,000
• Career Training and Educational Opportunities
• Merchant Discounts
• Concierge prescription delivery on the main campus when using UAMS pharmacy

Below you will find the details for the position including any supplementary documentation and questions you should review before applying for the opening. To apply for the position, please click the Apply link/button.

The University of Arkansas is an equal opportunity, affirmative action institution. The University does not discriminate in its education programs or activities (including in admission and employment) on the basis of age, race, color, national origin, disability, religion, marital or parental status, protected veteran status, military service, genetic information, or sex (including pregnancy, sexual orientation, and gender identity). Federal law prohibits the University from discriminating on these bases. Questions or concerns about the application of Title IX, which prohibits discrimination on the basis of sex, may be sent to the University's Title IX Coordinator and to the U.S. Department of Education Office for Civil Rights.

Persons must have proof of legal authority to work in the United States on the first day of employment.

All application information is subject to public disclosure under the Arkansas Freedom of Information Act.

At UAMS we value Diversity, Equity and Inclusion.

For general application assistance or if you have questions about a job posting, please contact Human Resources at askrecruitment@uams.edu.

Department:

CI | Finance Team

Department's Website:

Summary of Job Duties:

This posting will select one candidate based on the level of experience of Clinical Research Financial Analyst I, II, or III.

This position oversees all financial aspects of clinical trials, requiring expertise in healthcare operations and clinical research business functions. Key responsibilities include budget development, negotiation, and monitoring of financial transactions to ensure compliance. The role involves cross-functional collaboration with the trial's research team, maintaining workflows, and providing financial services throughout the trial lifecycle. It requires strong analytical and computer skills, managing tasks with competing deadlines, and handling budgeting, billing, invoicing, revenue recognition, forecasting, contract negotiations, patient reimbursements, and assisting with audits.

Qualifications:

Minimum Qualifications:

Level I: Bachelor's Degree in Business (Auditing, Finance, Accounting), or Healthcare Administration, or Science, or Nursing (RN) and/or related field or High School, GED, or equivalent plus 5 years experience. 1 year of experience with billing, accounting, finance, budgeting, financial analysis or related field

Level II: Bachelor's Degree in Business (Auditing, Finance, Accounting), or Healthcare Administration, or Science, or Nursing (RN) and/or related field plus 3 years experience with billing, accounting, finance, budgeting, financial analysis or related field plus 1+ years of clinical research pre and/or post contract funding and/or 1+ years of grant experience or High School, GED, or equivalent plus 8 years experience.

Level III: Bachelor's Degree in Business (Auditing, Finance, Accounting), or Healthcare Administration, or Science, or Nursing (RN) and/or related field plus 5 years experience with billing, accounting, finance, budgeting, financial analysis or related field plus 3+ years of clinical research pre and/or post contract funding and/or 3+ years of grant experience or High School, GED, or equivalent plus 12 years experience.

Preferred Qualifications:

Master's Degree

Additi
onal Information:

Remote work is an option

Responsibilities:

• Evaluate Clinical Trial protocols to assess resource needs, research procedures, clinical research staff time, investigator time and cost from ancillary departments.

• Consults with Investigators and Clinical Trial Research team to identify research procedures and conventional care procedures to develop Clinical Trial budget(s) for all study (Industry, Cooperative group, and Investigator Initiated) as well as budget updates resulting from protocol amendments or other changes in scope.

• Negotiate Clinical Trial budgets and payment terms with Industry sponsors. Review and analyze financial and contractual language in the Informed Consent Form pertaining to patients on Clinical Trials.

• Review contracts to assure fair terms associated with study budgets, payment terms, and Informed Consent Form pertaining to patients on clinical trials.

• Monitor study accounts to evaluate that income and expenses are appropriate, reconciles accounts receivable and payments, and recommends the best course of action for any deficits and/or surpluses.

• Responsible for invoicing sponsors, patient research billing, reimbursement to ancillary departments, and payment tracking. Issues and submits invoices for protocol-related items and patient-related expenses per the executed contract and internal invoices for staff time and effort allocated in to study accounts.

• Reconciles study account at the closure of the clinical trial for account closure.

• Works with Sponsors and clinical teams to resolve queries regarding invoices and/or payments due.

• Extract and define relevant information, analyzes and interprets data to determine financial performance and/or to project a financial probability and make recommendations to influence business results.

• Prepares and delivers data, reports and/or presentations to investigators, management and/or leadership.

• Plan and coordinate strategies to improve existing standard operating procedures related to budgeting and Clinical Trial finances.

• Identify quality and performance improvement opportunities and collaborate with staff in development of action plans to improve quality.

• Works cross-functionally with all members of the Clinical Trial's research team and is responsible for maintaining information, processes, workflows, and tools which support the provision of financial services throughout the trial's lifecycle.

• Participates in ongoing professional training.

• Other duties as assigned.

Physical Requirements:

Stand: Occasionally

Sit: Frequently

Walk: Occasionally

Bend, crawl, crouch, kneel, stoop or reach overhead: Occasionally

Lift and carry weight: 10+ lbs.

Push and pull weight: 10+ lbs.

Use hands to touch, handle or feel: Frequently

Talk: Frequently

Hear: Continuously

Taste or smell: Occasionally

Read, concentrate, and think analytically: Continuously

Physical Environment: Inside Medical Facility Environment

Noise Level: Moderate

Visual Requirements: Color discrimination, Depth perception, Far visual acuity, Near visual acuity

Hazards: not exposed to adverse environment conditions

Salary Information:

Commensurate with education and experience

Required Documents to Apply:

List of three Professional References (name, email, business title), Resume

Optional Documents:

Proof of Veteran Status

Special Instructions to Applicants:

Please contact askrecruitment@uams.edu for any recruiting related questions.

All application materials must be uploaded to the University of Arkansas System Career Site https://uasys.wd5.myworkdayjobs.com/UASYS

Please do not send to listed recruitment contact.

Pre-employment Screening Requirements:

This position is subject to pre-employment screening (criminal background, drug testing, and/or education verification). A criminal conviction or arrest pending adjudication alone shall not disqualify an applicant except as provided by law. Any criminal history will be evaluated in relationship to job responsibilities and business necessity. The information obtained in these reports will be used in a confidential, non-discriminatory manner consistent with state and federal law.

Constant Physical Activity:

Frequent Physical Activity:

Occasional Physical Activity:

Benefits Eligible:

Yes