Overview
This role involves managing the financial aspects of clinical research studies through the Clinical Trial Management System (CTMS). The Clinical Research Finance Specialist is responsible for building and maintaining study configurations, tracking invoicing and payments, and supporting financial reporting to ensure accuracy and alignment with study progress.
Responsibilities
- Build and configure studies within the CTMS platform, including visit-based billing items and milestone deliverables.
- Conduct regular quality checks in CTMS to verify accurate visit completion and invoicing submissions.
- Manage invoicing and accounts receivable, ensuring timely sponsor payments, accurate revenue posting, and payment reconciliation.
- Collaborate with corporate accounting to confirm receipt and proper recognition of payments.
- Monitor payment terms and follow up on outstanding invoices, escalating issues to leadership as necessary.
- Provide real-time CTMS support to clinical operations for subject tracking, visit completion, and budget triggers.
- Generate monthly and quarterly financial reports to support accruals and forecasting.
- Partner with Finance and Operations leadership to review budget variances and maintain revenue cycle integrity.
- Assist in optimizing CTMS workflows and standard operating procedures related to study financials.
- Work cross-functionally with study coordinators and site managers to align financial milestones with study conduct.
Requirements
- Associate or Bachelor’s degree in Finance, Accounting, Business, or a related field, or equivalent experience totaling 4 years.
- 1–3 years of experience in clinical research finance or CTMS operations preferred.
- 1–3 years of experience managing accounts receivable, including revenue, cash, and adjustments.
- Strong understanding of clinical trial visit structures, budget terms, and billing triggers.
- Familiarity with CTMS platforms (e.g., RealTime) is a plus.
- Proficient in Excel and data management.
- Highly organized, detail-oriented, and able to meet deadlines consistently.