Note: The job is a remote job and is open to candidates in USA. Children's National Hospital is a leading pediatric care provider recognized for its excellence in healthcare. The Financial Analyst Grants will manage financial and compliance activities related to sponsored and non-sponsored programs, ensuring funding is received and expenditures do not exceed revenue while developing financial reports and assisting investigators with grants management.
Responsibilities
- Performs analysis and projections relating to business or research trends, oversees the development and monitoring of departmental, non-sponsored, discretionary and sponsored budgets, plans and determines costs of business activities; recommends budget adjustments and other cost improvement measures and close out terminated grants and contracts, transfers funding and produces summary documents
- Ensures that all funding is received and that expenditures do not exceed revenue, develops financial planning and cost analysis reports, meets with faculty to review and ensures compliance with hospital and/or agency regulations and restrictions, and performs comprehensive financial analysis to improve departmental financial effectiveness and compliance with CNRI and/or agency regulations and restrictions
- Consistently demonstrates adherence to the standards for the responsible conduct of research
- Plans, conducts and manages research projects within federal and institutional regulations and policies under the direction of the principal investigator
- Uses research funds and resources appropriately
- Maintains confidentiality of data as required
- Meets all annual job-related training and compliance requirements
- Interprets financial data to determine past performance and to project a financial probability
- Perform analysis on budget performance, investigate variances, provide justification and communicate the PI’s and leaders
- Ensures that expenditures for budgeted grants and contracts are monitored and that reports are prepared to maintain balanced accounts
- Develop financial reports for forecasting, trending, and results analysis
- Monitor, identify and communicate over expenditures to faculty and administrative staff as appropriate. Resolve funding shortfalls
- Assists in preparation of materials related to audit inquiries for internal, sponsor, federal or state audits
- Monitors monthly expenditures to ensure the award is being performed in a timely manner and analyze budget patterns and project expenditures so it will not have a deficit
- Assists in fiscal year end closeout process for grant funding
- Assists in researching expense and revenue variances. Seek to resolve any expense posting errors and communicate proper expense allocation as needed
- Manages all funding, including federal, nonfederal and operational, in each investigator’s portfolio to assist in the strategic decision-making process
- Review and approve charges, determines the allowability and allocability of charges, verifies availability of funds and obtains proper authorizations in an accurate and timely manner (i.e., subrecipient, animal, lab charges, pharmacy cost, equipment)
- Reviews payroll distributions and ensures they are correct; for staff allocated to cost centers on a bi-weekly basis, processes PDR’s in a timely fashion
- Prepares budget modifications as necessary
- Maintains all backup for grant related revenue and expenditures and ensures that backup is consistent with the GL and documentation
- Completes adjustments needed for non-payroll cost transfers
- Works with principal investigator to complete interim progress and/or administrative report requirements for the sponsor/funding agency and includes requests for re-budgeting, changes in program personnel, extensions, supplements or revisions of the award
- Facilitate request of ancillary agreements to support grant or contract (I.e. consultants, translation services, service agreements, regulatory reviews)
- Provide monthly, periodic or ad hoc financial reporting as requested
- Ensure proper management of all sponsored awards, by ensuring that all transactions agree with GAAP, NIH grants policy statement, FDP, OMB, CAS and Hospital
- Assists investigators by answering questions regarding award(s) and the grants management process; discusses strategies with investigators for continuous funding for their research and managing current awards
- Assists investigators by answering questions regarding award(s) and the grants management process; discusses strategies with investigators for continuous funding for their research and managing current awards
- Reviews payroll distributions to ensure center personnel is paid according to their effort; completes payroll distribution reconciliations, payroll distribution reports and effort certifications to ensure timely submission and overall compliance
- Reviews and approves all financial requests for compliance with administrative and financial requirements per the OMB circulars, including but not limited to purchase requests and personnel changes; escalates to higher authorities when necessary
- Prepares documents for cost transfers and personnel redistributions
- Manages all funding, including federal, nonfederal and operational, in each investigator’s portfolio to assist in the strategic decision-making process
- Assists in fiscal year-end closeout process for grant funding
Skills
- Bachelor's Degree Finance, Accounting, Business Administration, Hospital Administration, Public Administration or other business and healthcare related field (Required)
- 1 year progressive related experience (Required)
- Ability to identify problems and find creative, effective solutions
- Demonstrated aptitude for quantitative analysis
- Excellent verbal and written communication skills
- Ability to handle multiple tasks, meet deadlines and work with confidential materials
- Proficiency in personal computer and related software
- Solid management and organizational skills
- Excellent judgement
- Ability to work with limited supervision
- Experienced with department budget and personnel communication
Benefits
- Comprehensive health coverage, including medical, prescription, infertility, and transgender health services.
- Generous paid time off, including vacation accrual from day one, sick leave, holidays, and a personal day.
- Financial wellness support, including a 401(k) plan and healthcare and dependent care spending accounts.
- Employer-paid life, AD&D, and long-term disability coverage, with optional supplemental plans.
- Additional perks, including tuition assistance, fitness resources, employee assistance, commuter benefits, and more.
Company Overview
Company H1B Sponsorship