Clinical Trial Accounts Receivable & Revenue Analyst

Job Details

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Job ID:
25688

Location:
10 Brookline Place West, Brookline, MA 02445

Category:
Finance/Accounting

Employment Type:
Full time

Work Location:
PTL Remote: 2-3 days remote/wk

Overview

POSITION SUMMARY:

The Clinical Trial Accounts Receivable & Revenue Analyst will assist the Director in all financial aspects of clinical research studies. The Analyst will be responsible for aligning monthly payments received from pharmaceutical companies, sending and tracking invoices, and creating monthly invoice metrics. This role works with multiple groups and individuals across the Institute as well as external partners to communicate clinical research financial objectives and results.

Located in Boston and the surrounding communities, Dana-Farber Cancer Institute is a leader in life changing breakthroughs in cancer research and patient care. We are united in our mission of conquering cancer, HIV/AIDS and related diseases. We strive to create an inclusive, diverse, and equitable environment where we provide compassionate and comprehensive care to patients of all backgrounds, and design programs to promote public health particularly among high-risk and underserved populations. We conduct groundbreaking research that advances treatment, we educate tomorrow's physician/researchers, and we work with amazing partners, including other Harvard Medical School-affiliated hospitals.

Requirements

Accounts Receivable Analysis:

  • Assist in aligning monthly payments received (wires, checks, lockbox payments) by pharmaceutical companies to appropriate clinical trial and to determine the proper allocation among Partners institutions (DFCI, MGH, BIDMC, etc)
  • Work with other CTBO members and pharmaceutical companies to reconcile study payment history and to address any discrepancies that arise
  • Perform trial account audit and payment reconciliation for trial account closure
  • Send invoices to pharmaceutical companies as needed
  • Follow-up on open invoices to reduce payment cycle time and potential lost revenue to ultimately achieve revenue enhancement

 

Financial Responsibilities:

  • Log payments received and allocations across DFMGBCC
  • Work with our partners at MGH and BIDMC on various study revenue issues
  • Monthly review of DFMGBCC account with DFCI General Accounting
  • Review and Process monthly intra-institutional clinical trial research expenses
  • External subsite invoice tracking and processing

  

Financial Reporting:

  • Build upon existing invoice tracker to develop reporting metrics (invoices sent, volume, collections, outstanding payments, etc)
  • Financial Reporting of Revenue Received and Distributed across DFMGBCC
  • Financial Reporting of Revenue and Collection Trends
  • Develop Monthly/Quarterly Reporting for Clinical Trial Leadership
  • Review/Analyze Clinical Trial Metrics from DFCI Finance

Qualifications

MINIMUM JOB QUALIFICATIONS:

  • Bachelor’s Degree in Business, Accounting, Finance or related field.

Financial experience in clinical research, research or health care industry preferred

KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:

  • Knowledge of accounts receivable best practices
  • Strong communication skills
  • Strong organizational skills
  • Strong Excel skills (V-lookups, pivot tables)
  • Ability to work successfully in a team environment

At Dana-Farber Cancer Institute, we work every day to create an innovative, caring, and inclusive environment where every patient, family, and staff member feels they belong.  As relentless as we are in our mission to reduce the burden of cancer for all, we are equally committed to diversifying our faculty and staff.  Cancer knows no boundaries and when it comes to hiring the most dedicated and diverse professionals, neither do we. If working in this kind of organization inspires you, we encourage you to apply.

Dana-Farber Cancer Institute is an equal opportunity employer and affirms the right of every qualified applicant to receive consideration for employment without regard to race, color, religion, sex, gender identity or expression, national origin, sexual orientation, genetic information, disability, age, ancestry, military service, protected veteran status, or other groups as protected by law.

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