Clinical Finance Analyst II - Site Payments - FSP / Sponsor Dedicated

Position Purpose:

The Clinical Finance Analyst II (CFA II) is responsible for Clinical financial and accounting processes, such as:

• processing invoices and payments to investigators and vendors; reconciling payments with sites, vendors and corporate Finance
• creating reports for corporate Finance and Development departments, and
• ensuring current insurance information and documentation is conveyed appropriately to the insurance broker

Organizational Relationships:

• Reports to Functional Service Provider (FSP) Line Management with day-to-day direction from the Client.
• Liaises with cross functional lines as appropriate.

Primary Responsibilities:

• Processes approvals and payments for invoices submitted by sites/vendors/clinical research organizations (CROs)
• Ensures payments are within contractual agreements
• Ensures appropriate coding processes are followed for efficiency and consistency
• Identifies out of balance accounting records and reconciles with site/vendor/CRO and the finance department
• Communicates directly with the site and vendors to resolve invoice differences
• Conducts Quality Control process reviews and remediates, as needed
• Maintains the clinical financial database
• Ensures documentation is maintained to support an audit trail in the accounting system
• Supports the Clinical relationship with Finance
• Interfaces with Accounting for the close/reconciliation process
• Serves as the Clinical Finance representative for study teams
• Provides data for clinical trial forecasting and budgeting process
• Ensures current insurance information and documentation is conveyed appropriately to broker
• Anticipates clinical trial budget revisions due to out-of-scope services, enrollment delays, etc.
• Processes financial termination/closure of study sites
• Processes monthly clinical dashboard
• Provides actual costs budget analysis
• Manages special projects, as required
• Completes assigned training, including general training requirements, Policies, Standard Operating Procedures (SOPs), system, and process-related training
• Adheres to appropriate quality documents, to applicable Policies, SOPs, Training Guides, and processes
• Demonstrates commitment to Parexel’s FSP Mission, Vision, and Values, and Parexel’s “We Care” Core Values

Education and Certification:

•    Bachelor’s degree preferred and preferably in accounting or a related financial discipline

Skills and Experience:

• Four (4) or more years of financial experience including Accounts Payable and Accounts Receivable or related experience in a biotech, CRO, finance and/or legal environment
• Experience with a payment system and processes
• Proficient in MS Office applications
• Demonstrated detail-oriented skills
• Demonstrated organizational and communication skills
• Experience with financial analysis preferred
• Knowledge of Code of Federal Regulations (CFR) preferred
• Knowledge of Good Clinical Practice (GCP)/International Council on Harmonization (ICH), and European Clinical Trial Directive preferred

Language Skills:

• Proficient in written and spoken English