Mount Sinai Morningside
Financial Analyst I - Clinical Trials Unit
Mount Sinai Morningside, New York, New York, us, 10261
Overview
Financial Analyst I - Clinical Trials Unit The Financial Analyst I gathers financial information, analyzes that information and prepares reports, so that Administrators and other departmental leadership can make recommendations. These reports provide internal control over fiscal activity on operating, restricted fund and endowment accounts and other financial activities within the department. Responsibilities
Reconcile accruals, payments, invoices, and other financial activity for clinical trial accounts through detailed analysis and proper documentation. Establish and maintain frequent communication with sponsors, investigators, research teams or research administrators regarding account status and issues. Identify and address collection issues by tracking receipt of payments and analyzing aging and uncollectible account receivable balances. Ensure the accuracy of financial data: interpreting and analyzing account activity, auditing financial issues, and working with research teams, and sponsors to resolve issues. Create and update accounts within the accounting system. Interpret contract and budget language to ensure it aligns with inform consent. Respond to inquiries in a timely manner and providing feedback and solutions to financial issues. Analyze and present on financial activity. Maintain current knowledge of institutional policies as it relates to industry-sponsored clinical trials. Ensure closeout processes are performed through thorough review of contract, budget, accruals, and payments. Assist management in identifying opportunities to improve processes: providing input for streamlining processes to facilitate collecting and analyzing data. Recommending improvements to current reconciliation process. Performs related duties & responsibilities as assigned/requested. Qualifications
Bachelors degree in Accounting or an equivalent combination of education and experience 3 years of experience in Finance Employer Description
The Mount Sinai Health System is committed to fostering an environment where everyone can contribute to excellence. We share a common dedication to delivering outstanding patient care. When you join us, you become part of Mount Sinai’s unparalleled legacy of achievement, education, and innovation as we work together to transform healthcare. We encourage all team members to actively participate in creating a culture that ensures fair access to opportunities, promotes inclusive practices, and supports the success of every individual. At Mount Sinai, our leaders are committed to fostering a workplace where all employees feel valued, respected, and empowered to grow. We strive to create an environment where collaboration, fairness, and continuous learning drive positive change, improving the well-being of our staff, patients, and organization. Our leaders are expected to challenge outdated practices, promote a culture of respect, and work toward meaningful improvements that enhance patient care and workplace experiences. We are dedicated to building a supportive and welcoming environment where everyone has the opportunity to thrive and advance professionally. Explore this opportunity and be part of the next chapter in our history. About The Mount Sinai Health System
Mount Sinai Health System is one of the largest academic medical systems in the New York metro area, with more than 48,000 employees, eight hospitals, more than 400 outpatient practices, more than 300 labs, a school of nursing, and a leading school of medicine and graduate education. The Health System includes more than 9,000 physicians; 13 joint-venture outpatient surgery centers; and more than 30 affiliated community health centers. We are consistently ranked by U.S. News & World Report, with high honors in multiple specialties. Equal Opportunity Employer
The Mount Sinai Health System is an equal opportunity employer, complying with all applicable federal civil rights laws. We do not discriminate, exclude, or treat individuals differently based on race, color, national origin, age, religion, disability, sex, sexual orientation, gender, veteran status, or any other characteristic protected by law. We are committed to fostering an environment where all faculty, staff, students, trainees, patients, visitors, and the communities we serve feel respected and supported. Compensation
The salary range for the role is $64,526.72 - $84,000 Annually. Actual salaries depend on a variety of factors, including experience, education, and operational need. This range does not include bonuses/incentive, differential pay or other forms of compensation or benefits.
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Financial Analyst I - Clinical Trials Unit The Financial Analyst I gathers financial information, analyzes that information and prepares reports, so that Administrators and other departmental leadership can make recommendations. These reports provide internal control over fiscal activity on operating, restricted fund and endowment accounts and other financial activities within the department. Responsibilities
Reconcile accruals, payments, invoices, and other financial activity for clinical trial accounts through detailed analysis and proper documentation. Establish and maintain frequent communication with sponsors, investigators, research teams or research administrators regarding account status and issues. Identify and address collection issues by tracking receipt of payments and analyzing aging and uncollectible account receivable balances. Ensure the accuracy of financial data: interpreting and analyzing account activity, auditing financial issues, and working with research teams, and sponsors to resolve issues. Create and update accounts within the accounting system. Interpret contract and budget language to ensure it aligns with inform consent. Respond to inquiries in a timely manner and providing feedback and solutions to financial issues. Analyze and present on financial activity. Maintain current knowledge of institutional policies as it relates to industry-sponsored clinical trials. Ensure closeout processes are performed through thorough review of contract, budget, accruals, and payments. Assist management in identifying opportunities to improve processes: providing input for streamlining processes to facilitate collecting and analyzing data. Recommending improvements to current reconciliation process. Performs related duties & responsibilities as assigned/requested. Qualifications
Bachelors degree in Accounting or an equivalent combination of education and experience 3 years of experience in Finance Employer Description
The Mount Sinai Health System is committed to fostering an environment where everyone can contribute to excellence. We share a common dedication to delivering outstanding patient care. When you join us, you become part of Mount Sinai’s unparalleled legacy of achievement, education, and innovation as we work together to transform healthcare. We encourage all team members to actively participate in creating a culture that ensures fair access to opportunities, promotes inclusive practices, and supports the success of every individual. At Mount Sinai, our leaders are committed to fostering a workplace where all employees feel valued, respected, and empowered to grow. We strive to create an environment where collaboration, fairness, and continuous learning drive positive change, improving the well-being of our staff, patients, and organization. Our leaders are expected to challenge outdated practices, promote a culture of respect, and work toward meaningful improvements that enhance patient care and workplace experiences. We are dedicated to building a supportive and welcoming environment where everyone has the opportunity to thrive and advance professionally. Explore this opportunity and be part of the next chapter in our history. About The Mount Sinai Health System
Mount Sinai Health System is one of the largest academic medical systems in the New York metro area, with more than 48,000 employees, eight hospitals, more than 400 outpatient practices, more than 300 labs, a school of nursing, and a leading school of medicine and graduate education. The Health System includes more than 9,000 physicians; 13 joint-venture outpatient surgery centers; and more than 30 affiliated community health centers. We are consistently ranked by U.S. News & World Report, with high honors in multiple specialties. Equal Opportunity Employer
The Mount Sinai Health System is an equal opportunity employer, complying with all applicable federal civil rights laws. We do not discriminate, exclude, or treat individuals differently based on race, color, national origin, age, religion, disability, sex, sexual orientation, gender, veteran status, or any other characteristic protected by law. We are committed to fostering an environment where all faculty, staff, students, trainees, patients, visitors, and the communities we serve feel respected and supported. Compensation
The salary range for the role is $64,526.72 - $84,000 Annually. Actual salaries depend on a variety of factors, including experience, education, and operational need. This range does not include bonuses/incentive, differential pay or other forms of compensation or benefits.
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