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At Parexel, we all share the same goal - to improve the world's health. From clinical trials to regulatory, consulting, and market access, every clinical development solution we provide is underpinned by something special - a deep conviction in what we do.
Each of us, no matter what we do at Parexel, contributes to the development of a therapy that ultimately will benefit a patient. We take our work personally, we do it with empathy and we're committed to making a difference.
The Investigator Financial Analyst is expected to establish him/herself as a “co-pilot”, along with the Project Leader (PL) and Finance Business Partner (FBP), in steering the investigator budget management for a set of projects. As such, the IFA acquires an understanding of the investigator budget economic drivers. He/she assists in translating the clinical conduct into a financial impact and proactively advising the PL & FBP on how to influence critical budget and cash flow levers in order to prevent negative impact project financials.
The IFA is the "go-to" person for broader Investigator Payment understanding or insight into defined projects. He/She interacts directly with project leads to help set payment strategy, analyzing and reconciling the investigator records, identifying trends, developing recommendations and guiding future decisions on the basis of their impact on project financials and customer satisfaction.
The main success factors of this role include strong business acumen, strong grasp of investigator payment and project operations and their implications for financial performance, and strong technical, analytical and consulting skills. Investigator Financial analysists are expected to build business relationships across all areas of the organization, drive tactical investigator payment decisions, and become a trusted advisor to project teams (including clients).
Key Accountabilities:
Leads the monthly investigator payment forecast cycle and supports project analysis requirements, including a review of accruals, costs incurred, contracts signed, and patients enrolled.
Meet with clients, clinical team members, and other members of the organization to gather information and/or explain the financial impact of the observed clinical conduct.
Ensure appropriate supporting documentation is available and that the forecast is aligned with operational plans. Complete all required variance analyses for the set of projects, with insight. Identify risks in the project forecast and to the budget. Communicate, document and manage these on an ongoing message. Understand alternative finance scenarios within a project with a degree of technical knowledge and business acumen.
- Actively monitor the balance sheet positions of investigator budgets for projects within the portfolio. Initiate action as needed with project teams to keep balances current, improving DSO and cash flow.
- Play a key role in initiating, building, and reviewing change in scope activity on assigned projects. Work with the project teams on an appropriate budget for the scope of work. Maintain/update simpler project budgets within relevant tools from post-award onwards including analysis and understanding on any subsequent changes in scope.
- Create accurate, transparent, and timely financial analysis to support project teams in project decision making process; clearly articulate financial implications of business decisions / choices, and provide retrospective analysis as well as drive forward looking actions on simpler projects / contract types.
- Provide updates on financial status of investigator payments for assigned projects and create information in response to any client financial reporting needs for assigned projects in the area of project reporting, forecasting, or transactional details for the projects within the portfolio.
- Maintains project accrual data of investigator payments (Accrued liability).
- Provides investigator reconciliation upon database lock and intermittent reconciliations as needed (Left to pay).
- Works with the Investigator Payments Organization to troubleshoot any budget, accrual, reporting, forecasting, or payments issues arising on the project.
Skills:
- Good interpersonal, oral and written communication skills, ability to work with a virtual team across locations and cultures
- Strong customer focus, ability to interact professionally within a client organization
- Ability to manage multiple and varied tasks with enthusiasm, prioritize workload
- Proficient in use of web based IT systems and MS Excel, PowerPoint, and Word.
- Effective time management in order to meet daily metrics or team objectives
- Commitment to high quality work and respective consistent performance
- Enlist the support of team members in meeting goals
Knowledge and Experience:
- Min 2 years of industry experience.
- Experience in providing outstanding customer service.
- Experience performing financial reconciliations
- Experience in a clinical research environment
Education:
- Master's in finance / Post Graduation in Commerce/Finance
Skills Required
- Min 2 years of industry experience
- Experience in providing outstanding customer service
- Experience performing financial reconciliations
- Experience in a clinical research environment
- Master's in finance / Post Graduation in Commerce/Finance
Parexel Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Parexel and has not been reviewed or approved by Parexel.
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Healthcare Strength — Health coverage is described as comprehensive, including medical, dental, vision, HSA/FSA options, and company-paid disability insurance. Descriptions often portray the package as strong or “top notch,” adding meaningful value.
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Retirement Support — Retirement offerings include a 401(k) with company matching and, in some regions, generous pension contributions. Core financial protections are emphasized as a solid part of the total rewards.
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Leave & Time Off Breadth — Time-off programs include ample PTO or flexible/unlimited RTO alongside flexible schedules and remote/hybrid options. Work-life balance support from managers is highlighted as a practical advantage.
Parexel Insights
What We Do
Parexel is among the world’s largest clinical research organizations (CROs), providing the full range of Phase I to IV clinical development services to help life-saving treatments reach patients faster. Leveraging the breadth of our clinical, regulatory and therapeutic expertise, our team of more than 21,000 global professionals collaborates with biopharmaceutical leaders, emerging innovators and sites to design and deliver clinical trials with patients in mind, increasing access and participation to make clinical research a care option for anyone, anywhere. Our depth of industry knowledge and strong track record gained over the past 40 years is moving the industry forward and advancing clinical research in healthcare’s most complex areas, while our innovation ecosystem offers the best solutions to make every phase of the clinical trial process more efficient. With the people, insight and focus on operational excellence, we work With HeartTM every day to treat patients with dignity and continuously learn from their experiences, so every trial makes a difference. For more information, visit parexel.com. Community Guidelines Because Parexel’s social media channels are open to the general public and employees, we are not responsible for views expressed other than our own. However, we do not tolerate posts that are: • Abusive, harassing or threatening to others. • Defamatory, offensive, obscene, vulgar or depicting violence. • Hateful targeting by race/ethnicity, age, color, creed, religion, gender, sexual preference or orientation, nationality or political beliefs. • Sexually explicit or pornographic. • Fraudulent, deceptive, libelous, misleading or unlawful. • Referencing criminal or illegal activity. • Spamming. We reserve the right to remove any comments that do not adhere to our guidelines as well as report users who violate the rules of our page.
