Financial Specialist

1 week ago


Milwaukee, Wisconsin, United States Medical College of Wisconsin Full time
Job Summary

The Medical College of Wisconsin is seeking a highly skilled Financial Specialist to join our team. As a key member of our financial operations team, you will be responsible for managing the financial aspects of clinical trials, including billing, collections, and financial analysis.

Key Responsibilities
  • Manage all billing and collection activities for assigned clinical trial portfolios, ensuring timely and accurate invoicing and payment processing.
  • Track and manage all Clinical Trial Office (CTO) held study expenses and revenue, including external client billing and associated receivables.
  • Perform financial and business-related analysis of active clinical trials, including financial forecasting and budgeting.
  • Prepare monthly and quarterly financial reports, as well as daily financials of clinical trial research/grant accounts.
  • Serve as primary financial contact to Froedtert Hospital Office of Clinical Research and Innovative Care Compliance (OCRICC), MCW Sponsored Programs staff, clinical research managers and coordinators, and Sponsor representatives related to clinical trial finances.
  • Monitor clinical trial-related expenses to ensure they are within approved study budgets and identify billable items of the clinical trial agreement for appropriate billing of the trial Sponsor and recovery of associated revenue.
  • Assist the CC Business Finance Analyst and CC Business Manager with financial management of clinical trials, identifying mechanisms to maximize reimbursement of clinical trial expenses.
  • Actively manage and pursue collection of all aged receivables for the assigned portfolio.
  • Assist with clinical trial account close-out process by ensuring all billable items have been invoiced.
  • Train and work with the Finance Team to effectively implement OnCore Financials into the operational management of the clinical trials office.
Requirements
  • Appropriate experience may be substituted for education on an equivalent basis.
  • Minimum Required Education: Bachelor's degree in Finance or Healthcare-related field.
  • Minimum Required Experience: 1 year of experience related to research and/or clinical trial administration.
  • Preferred Education: Bachelor's degree in Finance or Healthcare-related field.
  • Preferred Experience: One year or more of collections, financial management, and/or contracting. Ability to interpret technical information, legal documents, and data (clinical trial agreements, protocols, financial analysis, etc.). Experience working in multiple custom software platforms simultaneously.
Why Join Our Team?
  • Outstanding Healthcare Coverage, including but not limited to Health, Vision, and Dental. Along with Flexible Spending options.
  • 403B Retirement Package.
  • Competitive Vacation and Paid Holidays offered.
  • Tuition Reimbursement.
  • Paid Parental Leave.
  • Pet Insurance.
  • On-campus Fitness Facility, offering onsite classes.
  • Additional discounted rates on items such as: Select cell phone plans, local fitness facilities, Milwaukee recreation and entertainment, etc.

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