Overview:

Versiti is a fusion of donors, scientific curiosity, and precision medicine that recognize the gifts of blood and life are precious. We are home to the world-renowned Blood Research Institute, we enable life saving gifts from our donors, and provide the science behind the medicine through our diagnostic laboratories. Versiti brings together outstanding minds with unparalleled experience in transfusion medicine, transplantation, stem cells and cellular therapies, oncology and genomics, diagnostic lab services, and medical and scientific expertise. This combination of skill and knowledge results in improved patient outcomes, higher quality services and reduced cost of care for hospitals, blood centers, hospital systems, research and educational institutions, and other health care providers. At Versiti, we are passionate about improving the lives of patients and helping our healthcare partners thrive.

Position Summary:

The Research Finance team provides budgeting, forecasting, grant accounting, business case development, financial modeling, and analytics leadership to support Versiti's research financial health, compliance responsibilities, and growth strategies. The Senior Grant & Research Finance Analyst serves as a trusted financial advisor to assigned Principal Investigators (PIs), research leadership, and cross-functional partners, providing financial oversight with award management, reporting, and closeout. This role manages a portfolio of federal, private, and internally funded research activity; prepares forecasts and financial analysis; supports sponsor reporting and audit readiness; evaluates funding risks and resource needs; and translates complex financial information into clear, actionable recommendations. The successful candidate must understand the purpose of a mission-driven research organization and how strong financial stewardship supports achievement of the Versiti's mission.

TOTAL REWARDS PACKAGE:

Compensation

The target salary is based on internal averages. Versiti sets salary ranges aligned to local markets in which the job is performed. Compensation decisions take into account internal salary averages and differentiation based on education, experience, skills, and performance. Specific salary and benefits information is shared at the time of the phone screening based on your location and qualifications.

Benefits

Versiti provides a comprehensive benefits package based on your job classification. Full-time regular employees are eligible for Medical, Dental, and Vision Plans, Paid Time Off (PTO) and Holidays, Short- and Long-term disability, life insurance, 7% match dollar for dollar 401(k), voluntary programs, discount programs, others.

Responsibilities:

• Research Financial Operation & Portfolio Management
• Manage a portfolio of research programs, grants, and assigned PIs, including monthly financial accounting, reporting, forecasting, and variance analysis.
• Conduct regular portfolio reviews with PIs and research leadership to evaluate spending trends, staffing projections, carry forward balances, funding gaps, and financial risks.
• Prepare grant, operating, and multi-year program budgets and forecasts that optimize grant dollars and support long-range research planning.
• Serve as a strategic partner to PIs, executives, and research leaders by providing financial guidance for current operations, future proposals, staffing decisions, and growth initiatives.

• Create and monitor key financial drivers and performance indicators related to grant utilization, indirect cost recovery, operating margin, staffing utilization, funding trends, and program sustainability.

• Grant Compliance, Sponsor Reporting, & Audit Support

• Monitor compliance with Uniform Guidance (2 CFR 200), NIH Grants Policy Statement, sponsor-specific requirements, and internal financial policies.
• Review research expenditures for allowability, allocability, reasonableness, proper classification, and alignment with budget and sponsor requirements.
• Prepare and submit financial reports, invoices, draw requests, reconciliations, and closeout documentation for grant sponsors.
• Support effort reporting, salary cap monitoring, cost sharing, sub award monitoring, and audit requests related to sponsored programs.

• Prepare or support the annual indirect cost proposal and analyze indirect cost recovery assumptions, rates, and opportunities.

• Strategic Planning, Financial Modeling, & Decision Support

• Develop financial models, pro formas, scenario analysis, and sensitivity analysis to evaluate new research initiatives, partnerships, funding opportunities, and strategic investments.
• Contribute to business case processes, including inputs and outputs, time lines, ROI templates, financial assumptions, reporting, and post-implementation tracking.
• Analyze cost recovery, pricing, costing, margin, and financial impact models to support leadership decisions and improve sustainability of research programs.

• Present financial insights and recommendations to research leadership, finance leadership, and executive stakeholders in a clear and actionable manner.

• Process Improvement, Systems, & Data Analytics

• Develop, implement, and maintain process improvements within Research Finance, leveraging best practices to improve efficiency, internal controls, data integrity, and reporting quality.
• Participate in enhancement and maintenance of financial systems, including system design, implementation, upgrades, troubleshooting, report writing, and financial data governance.
• Develop dashboards, reports, and analytical tools using Excel, Oracle reporting tools, Power BI, Tableau, or similar platforms to support operational and strategic decision-making.

• Maintain procedures and documentation for key responsibilities to ensure consistent accounting, transaction processing, reporting, and compliance practices.

• Collaboration and Education

• Educate PIs, research staff, and operational leaders on financial concepts, sponsor requirements, budget management, compliance risks, and financial stewardship expectations.
• Influence stakeholders without direct authority and build strong partnerships with scientific, operational, contract management, grant administration, and finance teams.

• Mentor and provide technical guidance to analysts and research staff; lead assigned projects and cross-functional initiatives.

• Other Responsibilities

• Provide back-up support to other Financial Analysts as needed.
• Actively contribute to Finance leadership priorities and special projects.
• Perform other duties as required or assigned that are reasonably within the scope of the job classification.
• Understand and perform work in accordance with applicable regulatory and compliance requirements and standard operating policies and procedures.
• Performs other duties as required or assigned which are reasonably within the scope of the duties in this job classification.
• Understands and performs in accordance with all applicable regulatory and compliance requirements.
• Complies with all standard operating policies and procedures.

QUALIFICATIONS

Education

Bachelor's Degree in Finance, Accounting or a related discipline from an accredited college or university required
Master’s Degree preferred

Experience

4-6 years of experience in finance, financial operations, accounting and/or related field required
1-3 years of experience in research finance or grant accounting required
1-3 years Experience supporting federally funded research programs; NIH experience preferred
Experience managing PI portfolios, grant forecasts, sponsor reporting, indirect cost recovery, effort reporting, salary cap monitoring, and grant closeout preferred
Ability to understand and communicate financial information clearly and concisely required
Oracle Cloud ERP system and/or financial report writing experience preferred

Knowledge, Skills and Abilities

Advanced financial modeling, forecasting, analytical, and problem-solving skills with the ability to work with large and complex data sets required
Working knowledge of Uniform Guidance (2 CFR 200), NIH Grants Policy Statement, sponsor requirements, cost principles, and research compliance concepts required
Ability to review costs for allowability, allocability, reasonableness, proper classification, and alignment with sponsor and organizational requirements required
Ability to translate complex financial and compliance information into clear, concise, and actionable recommendations for PIs, research leadership, finance leadership, and executive stakeholders required
Effective verbal and written communication, presentation, training, customer service, conflict resolution, and organizational skills required
Ability to influence stakeholders without direct authority, work collaboratively across levels of the organization, and lead cross-functional initiatives required
High attention to detail, sound judgment, intellectual curiosity, and commitment to continuous process improvement and financial stewardship required
Understands the purpose of a mission-driven organization and how financial management supports the organization's achievement of its mission required

Tools and Technology

Advanced proficiency in Microsoft Excel and working knowledge of spreadsheets, word processing, database applications, networked personal computers, and integrated financial systems required

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