Financial Project Analyst-Canada

Description

The Financial Project Analyst has for objective to track and report on the profitability of projects. This role involves collaboration with project teams, clients and internal departments to ensure the financial performance and high quality of clinical research project management services.

This role will be perfect for you if

You have a solid understanding of complex enterprise processes and wish to help shape a growing finance and accounting department.

Working with internal and external stakeholders comes easily to you.

You want to learn all about the life science industry and clinical trials operations

RESPONSABILITIES

More specifically, the Project Financial Analyst must:

Project and budget set-up

Review and understand the client agreements and convert them into the Innovaderm internal cost structure

Create and configure projects in the project management and financial systems

Prepare and upload the project budget and related amendments impacting scope and/or timeline in the project management tool

Participate in the identification and the price assessment of the out-of-scope services.

Revenue / Expenses recognition and project reconciliation

As per month end schedule

Ensure revenue and expenses are recognized based on Canadian GAAP and contractual requirements (including creation of journal entries for accruals and project allocation)

Review actual project revenues and costs compared to budget and forecast, identifying variances and their causes

Prepare and present detailed project financial reports, including but not limited to; profit and loss statement, financial projections (ETC and accrual report), invoicing status for internal and external stakeholders

Monitor and ensure accuracy of projects balance sheet accounts

Maintain accurate and organized financial records of project data

Invoice management

Review project invoicing and provide expertise as needed

At the end of the study, ensure all invoices were produced and paid

Act as the main point of contact for clients on any questions related to the invoicing

Collaboration with project team

Work closely with project managers to understand project requirements and financial implications

Provide financial guidance and support to project teams, helping them manage budgets and control costs

Facilitate regular financial review meetings with project managers and clients to discuss budget status, invoicing and other financial items

Internal presentations and special projects

Support internal and external audits by providing necessary financial documentation

Identify opportunities for process enhancements to increase efficiency and accuracy

Contribute to the development and implementation of improved financial processes and tools

Employee may be assigned to other responsibilities that do not pertain to their former description, if they have the required experience, are qualified and/or have received adequate training.

Requirements

Education

• Bachelor’s degree in accounting of related field
• CPA certification, an asset

Experience

minimum of 4 years of experience in project accounting

Knowledge and skills

• Excellent knowledge of spoken and written English
• Professional judgment and proven interpersonal skills
• Excellent analytical skills with attention to detail
• Critical thinking and proactive problem-solving skills
• Ability to manage multiple projects simultaneously and meet deadlines
• Proficiency with financial management tools and office software (Excel, Power BI, ERP)
• Comfortable working in an environment in constant evolution
• Our company

The work environment

At Indero , you will work with brilliant and driven colleagues. Our values are collaboration, innovation, reliability and responsiveness. We offer a stimulating work environment and attractive advancement opportunities.

In this position, you will be eligible for the following perks:

• Flexible work schedule
• Permanent full-time position
• Company benefits package
• Ongoing learning and development

About Indero

Formerly known as Innovaderm, Indero is a world-renowned expert and clinical research leader in dermatology. We have more than two decades of experience serving a broad range of indications, patient populations, administration routes, and drug classes, and a global footprint.

Indero is a dual-focus CRO for dermatology and rheumatology, with 25+ years’ experience in clinical research and trial delivery. Our full-service approach – which includes everything from protocol design and patient recruitment to trial monitoring and biometrics – provides biotech and pharmaceutical sponsors with the rigorous scientific foundation and tailored expertise their studies need to reach the finish line efficiently and effectively.
With capabilities in North America, Europe, Asia Pacific and Latin America; vast, continuously growing relationships with investigators and patients; and a dedicated research clinic through which we design and execute our own studies, Indero is the ideal CRO partner for clinical needs at global scale..

• Indero is committed to providing equitable treatment and equal opportunity to all individuals. As such, Indero will provide accommodations throughout the recruitment and selection process to applicants with disabilities, upon request.
• Indero only accepts applicants who can legally work in Canada

Job Description

The main objective of the Project Financial Analyst is to monitor and produce reports on the profitability of projects. This role involves close collaboration with project teams, clients and various internal departments to ensure financial performance and high quality of clinical research project management services.

This position is ideal for you if

• You have a solid understanding of complex business processes and want to contribute to the evolution of a growing finance and accounting department.
• You are comfortable interacting with internal and external stakeholders.
• You want to deepen your knowledge of the life sciences sector and clinical trial operations.

Responsibilities

More specifically, the Project Financial Analyst must:

Implementation of projects and budgets

• Review and understand customer agreements and convert them into Innovaderm's internal cost structure.
• Create and configure projects in project management systems and financial systems.
• Prepare and integrate the project budget and related changes impacting scope or schedule into the project management tool.
• Participate in the identification and evaluation of costs for non-mandated services.
• Revenue and expense accounting and project reconciliation

According to the monthly closing schedule

• Ensure that revenues and expenses are recorded in accordance with Canadian GAAP and contractual requirements, including the preparation of journal entries related to accruals and allocations by project.
• Review actual project revenues and costs against budget and forecast, identifying variances and their causes.
• Prepare and present detailed financial reports on projects, including the income statement, financial projections (ETC and accrual reports) as well as invoicing status, for internal and external stakeholders.
• Ensure the monitoring and accuracy of balance sheet accounts associated with projects.
• Maintain accurate, complete and well-organized financial records of project data.

Billing management

• Review project invoicing and provide expertise as needed.
• At the end of each study, ensure that all invoices have been issued and paid.
• Act as the primary contact person for customers for any billing-related questions.

Collaboration with the project team

• Work closely with project managers to understand project requirements and their financial implications.
• Provide financial advice and support to project teams to help them manage their budgets and control costs.
• Lead periodic financial review meetings with project managers and clients to discuss the status of budgets, invoicing and any other financial issues.

Internal presentations and special projects

• Support internal and external audits by providing required financial documentation.
• Identify opportunities for process improvement to increase the efficiency and accuracy of operations.
• Contribute to the design and implementation of optimized financial processes and tools.
• The employee may also be assigned other responsibilities not listed in this job description, provided he or she has the required experience, the necessary qualifications or has received the appropriate training.
• Profile sought

Training

• Bachelor's degree in accounting or related field.
• Professional CPA designation, an asset.

Experience

Minimum of 4 years of experience in project accounting.

Knowledge and skills

Excellent command of English, both oral and written.

Good professional judgment and excellent interpersonal skills.
Excellent analytical skills and great attention to detail.

• Critical thinking and ability to proactively problem solve.
• Ability to manage multiple projects simultaneously and meet tight deadlines.
• Mastery of financial management tools and office software (Excel, Power BI, ERP).
• Comfortable working in a constantly evolving environment.
• Our company

The work environment

At Indero, you will work with competent and dynamic colleagues. Our values ​​are collaboration, innovation, reliability and responsiveness. We offer a stimulating work environment and interesting advancement opportunities.

In this role, you will benefit from the following advantages:

Flexible work schedule

Permanent full-time position

• Comprehensive benefits (medical care, dental care, vision care, RRSP, vacation, personal days, virtual medical clinic, public transit discounts, social activities)
• Training and continuing development

About Indero

Formerly known as Innovaderm, Indero is a world-renowned expert and leader in clinical research in dermatology. We have over twenty years of experience spanning a broad range of indications, patient populations, routes of administration and drug classes, with a global presence.

Indero is a CRO with dual specialization in dermatology and rheumatology, with more than 25 years of experience in clinical research and conducting clinical trials. Our full-service approach—from protocol design and patient recruitment to trial monitoring and biometrics—provides biotechnology and pharmaceutical sponsors with the scientific rigor and tailored expertise needed to complete their studies efficiently and effectively. With our capabilities across North America, Europe, Asia Pacific and Latin America, our extensive and evolving relationships with investigators and patients, and a dedicated research clinic where we design and conduct our own studies, Indero is the ideal CRO partner to meet clinical needs on a global scale.

• Indero is committed to providing fair treatment and equal opportunities to all people. As such, Indero offers, upon request, accommodation measures to candidates with disabilities throughout the recruitment and selection process.
• Indero only accepts candidates who can legally work in Canada.
• The masculine gender is used without discrimination and for the sole purpose of lightening the text.
• Originally posted on Himalayas