Financial Analyst II - Innovations and Ventures

Accountabilities

Analyze financial performance: Prepare, review, and communicate key financial information to support management decisions, operational planning, and the evaluation of business initiatives.
Manage licensing revenue and invoicing: Prepare and process invoices for third-party licensees, ensuring that amounts owed are calculated accurately and billed according to applicable contractual terms.
Interpret licensing agreements: Review contracts and license agreements to identify revenue provisions, payment schedules, obligations, and other terms that determine when and how payments should be collected.
Process inventor distributions: Calculate and administer payments to eligible inventors in accordance with established intellectual property policies and applicable distribution requirements.
Maintain accurate financial transactions: Manage detailed financial records, verify transaction accuracy, and ensure that invoicing, payment processing, and revenue distributions are completed consistently and reliably.
Support financial reporting: Prepare and maintain reports related to licensing revenue, invoicing, and inventor distributions, providing clear information to management and relevant stakeholders.
Contribute to budgeting and forecasting: Assist with budget preparation, budget reviews, compliance monitoring, financial planning, and forecasting activities.
Provide financial guidance: Support management and colleagues with financial reporting questions, transaction-related issues, and analytical insights that inform operational decisions.
Collaborate with stakeholders: Consult with management and other departments to support initiatives, interpret financial information, and contribute to the development and implementation of policies and procedures.
Conduct research and special projects: Perform financial research, investigate discrepancies, resolve conflicts, and support special projects as assigned.
Use specialized financial systems: Learn and operate dedicated technology transfer and innovation management software to support licensing administration, financial tracking, and reporting.
Maintain compliance and process quality: Apply relevant accounting practices, contractual requirements, and internal procedures to ensure financial activities are documented appropriately and completed accurately.
Requirements
Education and professional experience: Candidates must meet one of the following minimum qualification pathways:
Bachelor's degree in Business, Healthcare Administration, or a related field, plus at least 2 years of financial management, revenue cycle management, or general analytical experience.
High school diploma or GED, plus at least 6 years of relevant experience.
Associate degree, plus at least 4 years of relevant experience.
Master's degree, plus at least 1 year of relevant experience.
Completion of a Finance Fellowship with the hiring organization, plus at least 1 year of relevant experience.
Financial and analytical skills: Ability to analyze financial data, interpret revenue information, evaluate transactions, and produce accurate reports that support sound business decisions.
Contract interpretation: Ability to review agreements and identify payment obligations, revenue provisions, deadlines, and other financial terms. Experience with licensing agreements or contract-based revenue is particularly valuable.
Accounting and invoicing knowledge: Familiarity with accounting, billing, invoicing, revenue administration, royalty accounting, licensing, contract administration, or other agreement-based financial processes.
Attention to detail: Demonstrated reliability and accuracy when processing financial transactions, reviewing contractual terms, calculating distributions, and maintaining financial records.
Communication and collaboration: Strong written and verbal communication skills, with the ability to explain financial findings, address questions, and work effectively with colleagues and management at different organizational levels.
Problem-solving abilities: Sound judgment and analytical thinking to investigate discrepancies, resolve transaction issues, interpret complex revenue terms, and recommend appropriate actions.
Technical proficiency: Ability to work confidently with computers, office applications, financial systems, and specialized software, including learning new platforms as needed.
Preferred education: A bachelor's or master's degree is preferred.
Preferred certifications: Certified Public Accountant (CPA) or Certified Management Accountant (CMA) credentials are advantageous.
Preferred contract experience: Previous experience reviewing contracts, licensing agreements, royalty arrangements, payment terms, or other legally binding financial documents.
Preferred industry background: Experience in finance, accounting, revenue administration, billing, invoicing, contract review, contract administration, licensing, or royalty accounting.
Work arrangement and location: This is a remote position, but candidates must reside in Northeast Ohio and be able to attend onsite activities when required.
Schedule: Availability to work a full-time daytime schedule, generally from 8:00 a.m. to 4:00 p.m.
Physical and workplace requirements: Ability to communicate effectively, work at a computer for extended periods, and handle standard office equipment or physical records. Additional requirements, such as occasional travel within a hospital system or lifting up to 25 pounds, may apply depending on the work location.
Employment conditions: Willingness to comply with applicable employment screening, drug-testing, and annual influenza vaccination requirements, subject to approved exemptions and applicable policies.
Benefits
Comprehensive employee benefits: Access to a broad range of benefits designed to support health, well-being, and long-term financial security.
Professional development: Opportunities to expand financial analysis, accounting, contract interpretation, and technology transfer expertise.
Career advancement: A defined career development pathway with opportunities to take on additional responsibilities and build upon core accounting skills.
Remote work arrangement: Work remotely, with the requirement to reside in Northeast Ohio and attend onsite activities when needed.
Full-time daytime schedule: A regular weekday schedule, generally from 8:00 a.m. to 4:00 p.m.
Meaningful work in healthcare innovation: Contribute to the financial administration of licensing agreements and the commercialization of innovative technologies.
Collaborative professional environment: Work with finance professionals, management, and stakeholders involved in research, innovation, and technology transfer.