Financial Analyst Jobs in Maryland

Kids Are Our Everything.

Department

10424 Research Business Office

Pay Range

$54,683.20 - $91,145.60

The Financial Analyst Grants works directly with Business Office Leadership and assigned faculty in the management of financial and compliance activities related to sponsored and non-sponsored programs. The FA performs analysis and projections relating to business or research trends, oversees the development and monitoring of departmental, non-sponsored, discretionary and sponsored budgets, plans and determines costs of business activities; recommends budget adjustments and other cost improvement measures and close out terminated grants and contracts, transfers funding and produces summary documents. This position ensures that all funding is received and that expenditures do not exceed revenue, develops financial planning and cost analysis reports, meets with faculty to review and ensures compliance with hospital and/or agency regulations and restrictions, and performs comprehensive financial analysis to improve departmental financial effectiveness and compliance with CNRI and/or agency regulations and restrictions.

Minimum Education

Bachelor's Degree Finance, Accounting, Business Administration, Hospital Administration, Public Administration or other business and healthcare related field (Required)

Minimum Work Experience

1 year progressive related experience (Required)

Required Skills/Knowledge

- Ability to identify problems and find creative, effective solutions.
- Demonstrated aptitude for quantitative analysis.
- Excellent verbal and written communication skills.
- Ability to handle multiple tasks, meet deadlines and work with confidential materials.
- Proficiency in personal computer and related software.
- Solid management and organizational skills.
- Excellent judgement.
- Ability to work with limited supervision.
- Experienced with department budget and personnel communication.

Functional Accountabilities

Responsible Conduct of Research

- Consistently demonstrates adherence to the standards for the responsible conduct of research.
- Plans, conducts and manages research projects within federal and institutional regulations and policies under the direction of the principal investigator.
- Uses research funds and resources appropriately.
- Maintains confidentiality of data as required.
- Meets all annual job-related training and compliance requirements.

Financial Analysis

- Interprets financial data to determine past performance and to project a financial probability.
- Perform analysis on budget performance, investigate variances, provide justification and communicate the PI’s and leaders.
- Ensures that expenditures for budgeted grants and contracts are monitored and that reports are prepared to maintain balanced accounts.
- Develop financial reports for forecasting, trending, and results analysis.
- Monitor, identify and communicate over expenditures to faculty and administrative staff as appropriate. Resolve funding shortfalls.
- Assists in preparation of materials related to audit inquiries for internal, sponsor, federal or state audits.
- Monitors monthly expenditures to ensure the award is being performed in a timely manner and analyze budget patterns and project expenditures so it will not have a deficit.
- Assists in fiscal year end closeout process for grant funding.
- Assists in researching expense and revenue variances. Seek to resolve any expense posting errors and communicate proper expense allocation as needed.
- Manages all funding, including federal, nonfederal and operational, in each investigator’s portfolio to assist in the strategic decision-making process.

Financial Services

- Review and approve charges, determines the allowability and allocability of charges, verifies availability of funds and obtains proper authorizations in an accurate and timely manner (i.e., subrecipient, animal, lab charges, pharmacy cost, equipment).
- Reviews payroll distributions and ensures they are correct; for staff allocated to cost centers on a bi-weekly basis, processes PDR’s in a timely fashion.
- Prepares budget modifications as necessary.
- Maintains all backup for grant related revenue and expenditures and ensures that backup is consistent with the GL and documentation.
- Completes adjustments needed for non-payroll cost transfers.

Grants Management

- Works with principal investigator to complete interim progress and/or administrative report requirements for the sponsor/funding agency and includes requests for re-budgeting, changes in program personnel, extensions, supplements or revisions of the award.
- Facilitate request of ancillary agreements to support grant or contract (I.e. consultants, translation services, service agreements, regulatory reviews).
- Provide monthly, periodic or ad hoc financial reporting as requested.
- Ensure proper management of all sponsored awards, by ensuring that all transactions agree with GAAP, NIH grants policy statement, FDP, OMB, CAS and Hospital.
- Assists investigators by answering questions regarding award(s) and the grants management process; discusses strategies with investigators for continuous funding for their research and managing current awards.

Sponsored Programs Management

- Assists investigators by answering questions regarding award(s) and the grants management process; discusses strategies with investigators for continuous funding for their research and managing current awards.
- Reviews payroll distributions to ensure center personnel is paid according to their effort; completes payroll distribution reconciliations, payroll distribution reports and effort certifications to ensure timely submission and overall compliance.
- Reviews and approves all financial requests for compliance with administrative and financial requirements per the OMB circulars, including but not limited to purchase requests and personnel changes; escalates to higher authorities when necessary.
- Prepares documents for cost transfers and personnel redistributions.
- Manages all funding, including federal, nonfederal and operational, in each investigator’s portfolio to assist in the strategic decision-making process.
- Assists in fiscal year-end closeout process for grant funding.

Benefits That Support You:

- Comprehensive health coverage, including medical, prescription, infertility, and transgender health services.
- Generous paid time off, including vacation accrual from day one, sick leave, holidays, and a personal day.
- Financial wellness support, including a 401(k) plan and healthcare and dependent care spending accounts.
- Employer-paid life, AD&D, and long-term disability coverage, with optional supplemental plans.
- Additional perks, including tuition assistance, fitness resources, employee assistance, commuter benefits, and more.

Why Join Us:

- Nationally Recognized Excellence – Consistently ranked among the Top 10 Children’s Hospitals in the nation by U.S. News & World Report.
- Leading Pediatric Care – One of the largest and most comprehensive children’s hospitals in the country, offering nationally ranked specialties and cutting-edge treatments.
- Innovation & Research – A premier academic medical center with a strong commitment to pediatric research, education, and advancing the future of child health.
- Mission-Driven Culture – Dedicated to providing family-centered care while fostering a collaborative, supportive environment for clinical teams.

The disclosed salary range includes the minimum and maximum rates within which Children’s National believes an individual’s base pay rate will fall for this position. It is not typical for an individual to be hired at or near the maximum of the pay range. The exact pay rate for this position will be based on a variety of factors in alignment with the Children’s National compensation philosophy. These factors are legitimate and non-discriminatory including, but not limited to, the current market conditions; organizational needs; the individual’s combination of prior work experience, level of education, knowledge, skills, and other qualifications. Children’s National is committed to providing a fair and competitive total rewards package to each of our employees. This base salary range does not include our comprehensive benefits package or any additional compensation for which this position may be eligible.

Children's National Hospital is an equal opportunity employer that evaluates qualified applicants without regard to race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender, identity, or other characteristics protected by law. The “Know Your Rights” poster is available here: and the pay transparency policy is available here: Know Your RightsPay Transparency Nondiscrimination Poster.

Please note that it is the policy of Children's National Hospital to ensure a “drug-free” work environment: a workplace free from the illegal use, possession or distribution of controlled substances (as defined in the Controlled Substances Act), or the misuse of legal substances, by all staff (management, employees and contractors). Though recreational and medical marijuana are now legal in the District of Columbia, Children's National and its affiliates maintain the right, in accordance with our policy, to enforce a drug-free workplace, including prohibiting recreational or prescribed marijuana.