Senior Financial Analyst I

Rütgers Ag - New Brunswick, NJ

Full-time - Mid Level

New Brunswick, NJ

About the position

Rutgers, The State University of New Jersey is seeking a Senior Financial Analyst I within the Rutgers Cancer Institute of New Jersey. The primary purpose of this role is to provide research-specific support and guidance to Principal Investigators in the administration of contracts related to basic research. This position is crucial in safeguarding the contract resources of the Rutgers Cancer Institute and ensuring the appropriate allocability and allowability of expenses in the daily administration of study budgets. The Senior Financial Analyst I will be responsible for the post-award administration and coordination of assigned clinical trials, grants, and contracts for research and other non-sponsored programs. In this role, the analyst will monitor incoming revenue, maintain cash receipts reports, and collaborate with internal and external entities to ensure timely posting of payments. The position requires quantitative and financial analysis of complex spreadsheets from the Oracle financial system to provide timely and insightful analysis of projects. The analyst will assist in conducting monthly variance analysis, budget and forecast projections, and prepare comprehensive profit and loss statements. The responsibilities extend beyond corporate research contracts to include federal, state, and other sponsored agencies, ensuring accurate journal entries are posted to both sub and general ledgers. Collaboration with Research Financial Services (RFS) central Grant Specialists is essential for reconciling billings from all sources of Grants and Contract research sponsored programs. The analyst will maintain financial analysis templates to ensure that costs and payments from sponsored programs are allowable and allocable. Additionally, the role involves reviewing and approving Marketplace requisitions, reconciling and maintaining Purchase Orders for clinical research services, and performing adjusting entries as needed. The analyst will also submit salary and fringe relief cost transfers and budget allocations through journal entries in the Oracle Financial system.

Responsibilities

• Provide research-specific support and guidance to Principal Investigators in the administration of contracts related to basic research.
• Administer and coordinate assigned clinical trials, grants, and contracts for research and non-sponsored programs post-award.
• Monitor incoming revenue and maintain cash receipts reports, ensuring timely posting of payments.
• Conduct quantitative and financial analysis of complex spreadsheets from the Oracle financial system.
• Assist with monthly variance analysis, budget and forecast projections, and preparation of comprehensive P&L statements.
• Ensure accurate journal entries are posted to sub and general ledgers for corporate and sponsored research contracts.
• Collaborate with Research Financial Services (RFS) central Grant Specialists for billing reconciliations.
• Maintain financial analysis templates to ensure allowable and allocable costs from sponsored programs.
• Review and approve Marketplace requisitions and reconcile Purchase Orders for clinical research services.
• Submit salary and fringe relief cost transfers and budget allocations through journal entries in the Oracle Financial system.

Requirements

• Bachelor's Degree in Finance, Accounting, Business, or a related field required.
• Four (4) years of related experience in a Basic Research environment within a healthcare or academic organization required.
• Knowledge and experience with journal entries, financial statement reporting, and general accounting (GAAP) concepts.
• Strong financial experience with industry-sponsored and non-industry sponsored clinical trials.
• Detail-oriented with excellent organizational skills and the ability to prioritize and multitask.
• Proficient in computer applications at an advanced level, particularly MS Word and Excel.
• Excellent communication and interpersonal skills.
• Advanced skill level in database and reporting tools such as Microsoft Excel, including chart development, V-Lookups, and Pivot Tables.

Nice-to-haves

• Experience at a non-profit and/or higher education medical center is preferred.
• Experience with OnCore® CTMS preferred.
• Knowledge of CPT coding and EPIC research billing is preferred.

Benefits

• Comprehensive benefit program including health insurance, retirement plans, and paid time off.