Financial Analyst II - Innovations and Ventures

Job description

**This position is listed on behalf of a partner company, which manages all applications and next steps. Our partner is looking for a Financial Analyst II – Innovations and Ventures based in the United States.** In this role, you will support the financial management of innovation-driven revenue streams, with a particular focus on technology licensing, contractual obligations, and inventor compensation. You will analyze financial data, interpret licensing agreements, and ensure that invoices and revenue distributions are calculated and processed accurately. Working closely with management and finance colleagues, you will contribute to financial reporting, budgeting, forecasting, and strategic decision-making. You will also help maintain compliance with contractual terms and internal intellectual property policies while managing detailed financial transactions. This opportunity combines accounting expertise, analytical problem-solving, and exposure to healthcare innovation and technology transfer. It is well suited to a detail-oriented finance professional who enjoys interpreting complex agreements and supporting the commercial development of innovative technologies. ### 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.