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