Financial Analyst
University of Miami

Job Info

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The Office of Technology Transfers (OTT) has an exciting job opportunity for a Financial Analyst to work at the University of Miami. Work location: Converge Miami Building

CORE JOB SUMMARY

The Financial Analyst compiles and analyzes financial information for the assigned division(s)/department(s) in an efficient and accurate manner. Moreover, the incumbent assists management in the decision-making process and strategic planning by presenting relevant financial reports in a clear, concise, and timely manner.

CORE JOB FUNCTIONS

The Financial Analyst is responsible for assisting the Sr. Manager of Finance on development and maintenance of the annual budgets and royalty distribution plans for the Office of Technology Transfer (OTT). Additionally, the Financial Analyst performs financial analysis for UInnovation on a monthly basis or as assigned, determines the cause of any significant variances from budget and presents findings and corrective actions.

The Financial Analyst is responsible for all financial functions in the office including receipt and disbursement of revenues associated with licenses; invoicing and receipt of reimbursements from licensees; and payments to vendors (law firms, patent agents, etc.) providing support to the office. This individual works closely with licensing personnel to ensure licensee compliance with financial terms of agreements.

• Monitors, reconciles, and assists with fiscal administration for the department, including but not limited to budgets, funding, grants, contracts, travel and/or purchasing.
• Assists with preparing the departmental budget revenue and operational expenses.
• Reports to management on variances from the established budget, and the reasons for those variances
• Prepares financial forms (IDRs, BEFs, Purchase Orders, work orders, check requisitions, etc) for UInnovation.
• Ensures proper payments are received (correspond w/non-compliant stakeholders) - specifically confirm that licensees are complying with the obligations of their license by comparing payments to quarterly reports or on line information for company sales performance and/or business milestone performance.
• Distributes and processes all incoming legal invoices for payment.
• Processes intake of royalty payments, monitors payments to be received in compliance w/agreements, calculates and distributes royalties to principal investigators and departments according to royalty distribution policy.
• Analyzes, maintains, and reviews internal finance systems in accordance with administrative internal processes, managing intellectual property database (Wellspring) and financial and budgeting software (Onbase, Workday).
• Prepares and submits deposits to medical finance/controller's office.
• Conducts payable and receivable invoicing.
• Responds to internal/external customer inquiries related to annual revenue tax reports, AUTM reports, Variance reports, final inventions statements.

• Assist with forecasts future OTT revenue and expenses based on office productivity set by upper management, reconciliation of internal accounts, business cash flow projections.
• Compiles and analyzes financial information, develops integrated revenue/expense analyses, reports, and presentations.
• Identifies trends and developments in competitive environments and presents findings to senior management.
• Advises management of unusual trends, funding levels and expenditures, assists with budget development by compiling information to support projected expenditures in specific areas such as operating costs.
• Assembles spreadsheets and draw charts and graphs used to illustrate technical reports.
• Maintains knowledge and stays abreast of developments in the fields of industrial technology, business, finance, and economic theory.
• Engages in ongoing cost reduction analyses in all areas of the department.
• Engages in benchmarking studies to establish areas of potential operational improvement.
• Interprets the department's financial results to management and recommend improvement activities.
• Compiles key business metrics and reports them to management.
• Develops and suggests streamlining processes in accordance with departmental and university wide administrative standard operating procedures (SOPs) (Purchasing, Receivables/Payables, Deposits).
• Reviews data and accounting processes to determine compatibility with University financial systems, and provides recommendations.
• Streamlines financial systems and procedures for easy data traceability (inventions, patents, agreements and financial archiving).
• Responsible for ordering office supplies.
• Assists UInnovation units on scheduling and other assignments, as needed.

This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities as necessary.

CORE QUALIFICATIONS

Education:

Bachelor's degree in in finance or business required.

Experience:

Minimum 1 year of relevant finance experience required. Appropriate combination of relevant education and/or experience may be considered.

Knowledge, Skills and Attitudes:

• Knowledge of generally accepted accounting procedures and principles.
• Knowledge of budget control methods, policies, and procedures.
• Ability to prepare financial and accounting records.
• Ability to analyze, consolidate, and interpret accounting data.
• Ability to compile, organize, interpret, and communicate accounting data and results concisely.
• Ability to manage a budget and work within the constraints of that budget.

The University of Miami is an Equal Opportunity Employer - Females/Minorities/Protected Veterans/Individuals with Disabilities are encouraged to apply. Applicants and employees are protected from discrimination based on certain categories protected by Federal law. Click here for additional information.

Job Status:
Full time

Employee Type:
Staff

Pay Grade:
c104

This job has expired.