Children's National Hospital
Financial Analyst, Grants
Children's National Hospital, Silver Spring, Maryland, United States, 20900
The Financial Analyst, Grants works directly with Business Office Leadership and assigned faculty in the management of financial and compliance activities related to sponsored and non-sponsored programs. The FA 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. This position 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.
Minimum EducationBachelor's Degree Finance, Accounting, Business Administration, Hospital Administration, Public Administration or other business and healthcare related field (Required)
Minimum Work Experience1 year progressive related experience (Required)
Required Skills/Knowledge
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.
Functional Accountabilities
Responsible Conduct of Research
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.
Financial Analysis
Interprets financial data to determine past performance and to project a financial probability.Performs analysis on budget performance, investigates variances, provides justification and communicates the PI’s and leaders.Ensures that expenditures for budgeted grants and contracts are monitored and that reports are prepared to maintain balanced accounts.Develops financial reports for forecasting, trending, and results analysis.Monitors, identifies and communicates over expenditures to faculty and administrative staff as appropriate. Resolves 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 analyzes 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. Seeks to resolve any expense posting errors and communicates 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.
Financial Services
Reviews and approves 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 PDRs 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.
Grants Management
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.Facilitates request of ancillary agreements to support grant or contract (I.e. consultants, translation services, service agreements, regulatory reviews).Provides monthly, periodic or ad hoc financial reporting as requested.Ensures 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.
Sponsored Programs Management
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.
Organizational Accountabilities
Organizational Commitment/Identification
Anticipates and responds to customer needs; follows up until needs are met.
Teamwork/Communication
Demonstrates collaborative and respectful behavior.Partners with all team members to achieve goals.Receptive to others’ ideas and opinions.
Performance Improvement/Problem-solving
Contributes to a positive work environment.Demonstrates flexibility and willingness to change.Identifies opportunities to improve clinical and administrative processes.Makes appropriate decisions, using sound judgment.
Cost Management/Financial Responsibility
Uses resources efficiently.Searches for less costly ways of doing things.
Safety
Speaks up when team members appear to exhibit unsafe behavior or performance.Continuously validates and verifies information needed for decision making or documentation.Stops in the face of uncertainty and takes time to resolve the situation.Demonstrates accurate, clear and timely verbal and written communication.Actively promotes safety for patients, families, visitors and co-workers.Attends carefully to important details - practicing Stop, Think, Act and Review in order to self-check behavior and performance.
Primary LocationMaryland-Silver Spring
Work LocationsInventa Towers
JobAccounting & Finance
OrganizationOffice Grants Contracts Finance
Position StatusR (Regular)
ShiftDay
Work Schedule8-4:30
Job PostingJan 8, 2024, 8:56:50 PM
#J-18808-Ljbffr
Minimum EducationBachelor's Degree Finance, Accounting, Business Administration, Hospital Administration, Public Administration or other business and healthcare related field (Required)
Minimum Work Experience1 year progressive related experience (Required)
Required Skills/Knowledge
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.
Functional Accountabilities
Responsible Conduct of Research
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.
Financial Analysis
Interprets financial data to determine past performance and to project a financial probability.Performs analysis on budget performance, investigates variances, provides justification and communicates the PI’s and leaders.Ensures that expenditures for budgeted grants and contracts are monitored and that reports are prepared to maintain balanced accounts.Develops financial reports for forecasting, trending, and results analysis.Monitors, identifies and communicates over expenditures to faculty and administrative staff as appropriate. Resolves 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 analyzes 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. Seeks to resolve any expense posting errors and communicates 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.
Financial Services
Reviews and approves 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 PDRs 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.
Grants Management
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.Facilitates request of ancillary agreements to support grant or contract (I.e. consultants, translation services, service agreements, regulatory reviews).Provides monthly, periodic or ad hoc financial reporting as requested.Ensures 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.
Sponsored Programs Management
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.
Organizational Accountabilities
Organizational Commitment/Identification
Anticipates and responds to customer needs; follows up until needs are met.
Teamwork/Communication
Demonstrates collaborative and respectful behavior.Partners with all team members to achieve goals.Receptive to others’ ideas and opinions.
Performance Improvement/Problem-solving
Contributes to a positive work environment.Demonstrates flexibility and willingness to change.Identifies opportunities to improve clinical and administrative processes.Makes appropriate decisions, using sound judgment.
Cost Management/Financial Responsibility
Uses resources efficiently.Searches for less costly ways of doing things.
Safety
Speaks up when team members appear to exhibit unsafe behavior or performance.Continuously validates and verifies information needed for decision making or documentation.Stops in the face of uncertainty and takes time to resolve the situation.Demonstrates accurate, clear and timely verbal and written communication.Actively promotes safety for patients, families, visitors and co-workers.Attends carefully to important details - practicing Stop, Think, Act and Review in order to self-check behavior and performance.
Primary LocationMaryland-Silver Spring
Work LocationsInventa Towers
JobAccounting & Finance
OrganizationOffice Grants Contracts Finance
Position StatusR (Regular)
ShiftDay
Work Schedule8-4:30
Job PostingJan 8, 2024, 8:56:50 PM
#J-18808-Ljbffr