Financial Business Analyst

The Financial Business Analyst will be responsible for calculating, reconciling and reporting fees payable to Principal Investigators (PIs) based on sponsor cash receipts, contractual terms and patient activity.DUTIES & RESPONSIBILITIESReview and understand the contractual payment terms for each PI.Calculate PI fees based on sponsor cash received, patient visits, study milestones and applicable fee arrangements.Evaluate payments relating to new patient randomisations, including doctor-sourced patients.Prepare detailed statements of account for each PI, showing:Fees earned on a cash basisFees earned on an accrual basisPayments madeOutstanding and pending amountsReconcile PI fees with sponsor receipts, clinical activity and payment records.Extract and analyse data from CRIO, COMTRACK and other relevant systems.Investigate and resolve differences between contracts, patient activity, sponsor payments and PI calculations.Prepare forecasts and projections for individual PI fees and future payment requirements.Support month-end accruals, reconciliations and management reporting.Work closely with Finance, Clinical Operations, Accounts Receivable, Accounts Payable and Principal Investigators.KNOWLEDGE & EXPERIENCEEducation:Bachelor’s degree in finance, Accounting, Business, Healthcare Administration, or related field is strongly recommended.Experience:7+ years of financial analysis experience preferred.Credentials:N/AKnowledge and Skills:Strong understanding of budgeting, forecasting, and financial reporting.Excellent interpersonal and communication skills is a must.Ability to communicate financial information in a conversational and collaborative manner.Strong attention to detail with excellent organizational skills.Proficiency in Microsoft Excel, google spreadsheets and financial reporting systems.Relationship-driven and approachable personality.Comfortable speaking with physicians, investigators, and executive leadership.Flexibility in scheduling as most visits with investigators are routinely altered.Highly transparent, trustworthy, and solutions oriented.Ability to simplify complex financial information.Self-motivated with strong follow-through and accountability.Team-oriented mindset with a customer service approach to investigator supportKPI & Success MetricsPI Fee AccuracyMaintain at least 98% calculation accuracy.Reconciliation AccuracyComplete reconciliations with minimal errors or adjustments.PI StatementsIssue 100% of statements on time.Month-End CloseComplete all assigned tasks by the close deadline.Accrual AccuracyKeep accruals within ±5% of final amounts.Sponsor Cash AllocationMatch 95% of receipts within five business days.Data QualityMaintain at least 98% data accuracy and completeness.Payment ProcessingSubmit approved payments within 2–3 business days.Outstanding BalancesMaintain a complete and updated ageing schedule.Issue ResolutionResolve routine issues within 5 days and complex issues within 15 days.Stakeholder ResponseAcknowledge queries within one business day.Reporting QualitySubmit accurate reports with clear supporting documents.Process ImprovementImplement at least two improvements annually.ComplianceMaintain 100% regulatory, policy, and confidentiality compliance.Audit ReadinessMaintain complete support and audit trails for all calculations. #J-18808-Ljbffr