What are the responsibilities and job description for the Finance Intern position at Advarra, Inc.?
At Advarra, we are passionate about making a difference in the world of clinical research and advancing human health. With a rich history rooted in ethical review services combined with innovative technology solutions and deep industry expertise, we are at the forefront of industry change. A market leader and pioneer, Advarra breaks the silos that impede clinical research, aligning patients, sites, sponsors, and CROs in a connected ecosystem to accelerate trials.
Company Culture
Our employees are the heart of Advarra. They are the key to our success and the driving force behind our mission and vision. Our values (Patient-Centric, Ethical, Quality Focused, Collaborative) guide our actions and decisions. Knowing the impact of our work on trial participants and patients, we act with urgency and purpose to advance clinical research so that people can live happier, healthier lives.
At Advarra, we seek to foster an inclusive and collaborative environment where everyone is treated with respect and diverse perspectives are embraced. Treating one another, our clients, and clinical trial participants with empathy and care are key tenets of our culture at Advarra; we are committed to creating a workplace where each employee is not only valued but empowered to thrive and make a meaningful impact.
Job Overview Summary
The Finance Intern is responsible for reviewing, compiling, and analyzing financial data to aid management with timely and accurate financial information which drives business decisions. The Finance Intern will also assist with the active management of the delinquent accounts to achieve optimum cash flow for the company, in addition to posting payments and ensuring the accuracy of the customer payment application.
Job Duties & Responsibilities
- Review weekly banking activity against budgeted/ forecasted data to aid in assuring adequate cash coverage is available.
- Prepare monthly and/or quarterly account reconciliations for assigned transactions/ GL accounts.
- Summarize billing data for inclusion in quarterly tax returns prepared internally.
- Review status of delinquent accounts weekly and collect delinquent balance.
- Researches disputed delinquent account balances and takes appropriate action to resolve the underlying issues.
- Loading client invoices to their payment portals.
- Process and monitor credits and returns to ensure that the receivable aging report reflects valid and collectable balance.
- Apply daily cash receipts including credit card payments.
- Other duties as may be assigned.
Location
This role is open to candidates working in Wellesley, MA or working remotely in the United States.
Basic Qualifications
- Graduate or undergraduate student pursuing a degree in Finance, Accounting, or similar field
- High School Diploma required
Preferred Qualifications
- Must possess personal integrity and collaborative and effective problem solving skills
- Excellent communication and organization skills
- Intermediate Microsoft Office skills
- Attention to detail and goal oriented
- Exemplary organization
- Well proven and practical knowledge of credit and collections
- Ability to prioritize and manage multiple responsibilities
Physical and Mental Requirements
- Sit or stand for extended periods of time at stationary workstation
- Regularly carry, raise, and lower objects of up to 10 Lbs.
- Learn and comprehend basic instructions
- Focus and attention to tasks and responsibilities
- Verbal communication; listening and understanding, responding, and speaking
US Equal Employer Opportunity (EEO) Statement
Advarra is an equal opportunity employer that is committed to diversity, equity and inclusion and providing a workplace that is free from discrimination and harassment of any kind based on race, color, religion, creed, sex (including pregnancy, childbirth, and related medical conditions, sexual orientation, and gender identity), national origin, age, disability or genetic information or any other status or characteristic protected by federal, state, or local law. Advarra provides equal employment opportunity to all individuals regardless of these protected characteristics. Further, Advarra takes affirmative action to ensure that applicants and employees are treated without regard to any of these protected characteristics in all terms and conditions of employment, including, but not limited to, hiring, training, promotion, discipline, compensation, benefits, and separation from employment.
