Research Financial Analyst, Remote

University of Maryland - Linthicum Heights, MD

Full-time - Entry Level

Linthicum Heights, MD

Educational Services

About the position

The Research Financial Analyst at the University of Maryland Medical System (UMMS) plays a crucial role in developing, analyzing, and reporting financial information related to patient care services and research revenue. This position supports management in executing research billing plans and provides analytical support regarding billing, collections, and revenue analysis. The analyst collaborates with various departments to ensure accurate billing and effective communication, contributing to the integrity of financial data and the overall success of research initiatives.

Responsibilities

• Prepares research revenue related reports and key performance metrics.
• Reviews transactions and reconciles information from various reports for departmental research accounts receivable reporting.
• Prepares various reports, surveys, and special projects as requested by senior leadership.
• Reviews study schedules and services to ensure accuracy of billing/charging.
• Facilitates the application of appropriate payment and adjustments to study accounts.
• Handles investigator, administrator, study coordinator, and patient concerns with professionalism.
• Provides timely answers to inquiries and relays suggestions and complaints to supervisors.
• Shares information with the team to improve data integrity and resolve existing problems.
• Develops and maintains Access databases to track payments and reconcile outstanding accounts receivable.
• Independently follows up with departments on outstanding accounts receivable.
• Establishes and maintains contact with departments and agencies to encourage communication.
• Represents the department in discussions regarding outstanding payments and budgeting issues.
• Presents relevant data and serves as a financial resource to the team.

Requirements

• Bachelor's degree required, preferably in Healthcare, Public Health, Finance, Nursing, or a related field.
• One year of progressively responsible financial planning, financial analysis, budgeting, reimbursement, or accounting experience required.
• Knowledge of spreadsheets (Microsoft Excel) and word processing programs (Microsoft Word).
• Effective verbal and written communication skills.
• Organizational and problem-solving skills.
• Presentation, interpersonal, and negotiating skills.
• Demonstrated knowledge of finance-related software and data analytics skills.

Nice-to-haves

• Healthcare-related finance background preferred.