Overview:
Operations Financial Analyst
Remote: Bulgaria OR Colombia
Emmes Group: Building a better future for us all.
Emmes Group is transforming the future of clinical research, bringing the promise of new medical discovery closer within reach for patients. Emmes Group was founded as Emmes more than 47 years ago, becoming one of the primary clinical research providers to the US government before expanding into public-private partnerships and commercial biopharma. Emmes has built industry leading capabilities in cell and gene therapy, vaccines and infectious diseases, ophthalmology, rare diseases, and neuroscience.
We believe the work we do will have a direct impact on patients’ lives and act accordingly. We strive to build a collaborative culture at the intersection of being a performance and people driven company. We’re looking for talented professionals eager to help advance clinical research as we work to embed innovation into the fabric of our company. If you share our motivations and passion in research, come join us!
Primary Purpose
The Operations Financial Analyst works with internal project leaders and liaises with the Contracts Department to forecast, monitor and report on project expenditures. This role performs financial reporting on a project/contracts level. The Operations Financial Analyst, in coordination with the Contracts Department, also supports the project team in the implementation, monitoring, and reporting of subcontractor, consultant, clinical site and vendor agreements and expenditures.
Responsibilities:
- Responsible for all aspects of planning, tracking, analysis and reporting for projects of varying contract type, size, complexity and levels of risk, while complying with overarching financial policies & procedures.
- Ability to forecast and identify variances from project plans and pricing; manage change orders and required pricing adjustments; provide first-level financial analysis to Project Leads; and take proactive steps to manage project Cost/Schedule/Performance via liaising between Contracts and Project Leads
- Develops and maintains both revenue recognition and management of Estimates to Complete (ETCs), Estimates at Completion (EACs), burn rate analyses, and related cost analyses.
- Responsible for numerous financial reports detailing monthly progress of the project
- Responsible on a project level for all aspects of project financial responsibilities including but not limited to reviewing budgets, receivables and open commitments, monthly closing information, risk analysis, analytical support, and project cost variances.
- Work alongside Project Leads to maintain project budgets including monthly budgeted vs. actual cost analysis; create financial forecasts based upon input from the Project Leads; maintain forecasting reports; and identify and communicate any risks such as cost overruns, under spending, vacancy issues etc. to the project leads
- Review monthly billing for accuracy and potential issues. Research and take or recommend actions to correct issues identified. Potential identifiable issues include but are not limited to: costs charged to a contract where the POP has ended, inaccurate revenue and profit recognition, unapproved workforce charging, etc.
- Prepare internal and external reports on the financial status of assigned projects, including documentation and pricing in support of contract modifications and change control process throughout the project life cycle.
- Review and provide necessary LCATs and LCAT billing rates and period of performance to Contracts; and assign LCATs to staff.
- Prepare presentation of financial status and performance as regular updates for operations meetings, for project management on at least monthly basis, and for Research Unit reviews on a quarterly basis
- Perform subcontractor and purchase order management activities including preparing purchase requisitions, processing of invoices, and preparation of accruals for projects
- Responsible for all aspects of planning, processing, submitting, and reconciling clinical site payments as need per project
- Perform any Ad Hoc reporting requested by either Project Leads or Contract Managers
Qualifications:
- Bachelor’s degree is required preferably in a Business, Accounting or Finance disciplines with 2 years of professional experience in budgeting, finance and/or Federal/Commercial contracts management
- Experience with various types of contracts, subcontracts, or grants to include Cost Reimbursable contracts, Firm Fixed Price (FFP) and Time and Material (T&M) contracts
- Experience working with or for a Contract Research Organization (CRO) a plus, especially within clinical trials and/or pharmaceuticals setting
- Strong analytical and problem-solving skills with the ability to work comfortably with budgets and multiple company departments
- Excellent communication skills, both oral and written
- Strong computer skills including high proficiency in Microsoft Word and Excel and data analysis software packages; familiarity with Microsoft Access and Project
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