Research Financial Analyst

Company Description

Lowcountry Center for Veterans Research (LCVR) is dedicated to advancing discovery and innovation through research initiatives focused on enhancing the health and well-being of veterans in the lowcountry region. The research program at LCVR covers medical research, health services research, and clinical trials research, led by nationally and internationally recognized physicians and scientists.

Role Description

This is a full-time hybrid role for a Research Financial Analyst at LCVR. The role involves tasks such as study financial planning, study budget negotiations, creating invoices and tracking receivables, and utilizing finance skills to support research initiatives. While primarily based in Charleston, South Carolina Metropolitan Area, this role allows for flexibility with some remote work.

Duties and Responsibilities

• Conduct study coverage and cost analysis using LCVR’s internal processes. Review and assess study protocols, sponsor agreements, informed consent forms and other related documents to develop and negotiate study budgets.
• Develop detailed final budgets by identifying all activities, tests and procedures to be performed during the conduct of the study based on the protocol, study schedule of activities, and other study documents.
• Negotiate with sponsors to reach agreements appropriate to the costs of the trial.
• Maintain a “library” of information on approved study budgets, specific invoicing instructions, and other pertinent study budgetary information for the organization.
• Create visit “items” in QuickBooks. Setup new studies in ClinCard. Create study coordinator monthly tracking sheets.
• Generate and send (when necessary) invoices to study sponsors.
• Track and monitor receivables from sponsors, including pass-through fees and milestone payments.
• Contact sponsors regarding past due accounts.
• Reconciles payments received to QuickBooks online and other internal financial tracking systems.
• Prepare monthly reconciliations for both the LCVR Bank of America bank account as well as the LCVR credit card account.
• Conduct periodic internal audits to ensure recorded revenue and expenses are accurate as they relate to specific accounts within the financial system.
• Demonstrates responsibility for personal development by participating in continuing education offerings.
• Performs other related duties incidental to work described herein.