Commercial Financial Analyst

Medpaceover 1 year ago
Cincinnati, Ohio, United States
Hybrid
Full-time
Junior Level (1-3 years)

Job Description

Position Overview

The Commercial Financial Analyst at Medpace plays a crucial role in the Account Management department, partnering with clients and internal teams to develop financial budgets and business proposals. This position requires strong analytical skills and a solid understanding of financial processes to ensure that project budgets align with client expectations and Medpace's standards.

Key Responsibilities

  • Development of fee estimates for requests for proposals (RFPs), budget revisions, and contract amendments.
  • Provides financial input for response to requests for information (RFIs), ensuring coordination of all information with relevant Medpace personnel.
  • Responsible for assuring that bids meet customer expectations and specific requirements.
  • Have thorough knowledge of Medpace bid process.
  • Review proposal text assumptions to ensure consistency with fee estimates.
  • Communicates with Medpace customers regarding ongoing projects to ensure expectations are met.
  • Maintain and track ongoing project performance against budget, notifying clients of potential issues or changes.
  • Review invoices and financial reports prior to Sponsor receipt.
  • Generate and initiate processing of new contracts, monitoring changes in scope and milestone invoicing.
  • Maintain and modify company bid preparation template and boilerplate text to meet client needs.
  • May be responsible for other projects and responsibilities as assigned.

Required Qualifications

  • Bachelor's Degree in Finance, Accounting, or Business.
  • 0-4 years of experience in clinical research and/or contract management/pricing.
  • Strong working knowledge of financial and accounting processes.
  • Basic knowledge of medical terminology and drug development services desired.
  • Excellent analytical, written and oral communication skills.
  • Excellent computer skills, especially strong knowledge of Microsoft Excel.

Benefits & Perks

  • Hybrid work-from-home options (dependent upon position and level)
  • Competitive PTO packages, starting at 20+ days
  • Competitive compensation and benefits package
  • Flexible work schedule
  • Company-sponsored employee appreciation events
  • Employee health and wellness initiatives
  • Community involvement with local nonprofit organizations
  • Discounts on local sports games, fitness gyms and attractions
  • Modern, ecofriendly campus with an on-site fitness center
  • Structured career paths with opportunities for professional growth
  • Discounted tuition for UC online programs

Required Skills

Clinical Research Basics
Contract Management
Financial Analysis
Oral and Written Communication
Microsoft Excel
Analytical Skills
RFP Process
Budgeting