Financial Analyst II - Innovations and Ventures

Join the Cleveland Clinic team, where you will work alongside passionate caregivers and provide patient-first healthcare. Cleveland Clinic is recognized as one of the top hospitals in the nation. At Cleveland Clinic, you will receive endless support and appreciation and build a rewarding career with one of the most respected healthcare organizations in the world.

As a Financial Analyst II, you will analyze financial operations and information to support decision-making for executive staff, with a primary focus on the financial administration of innovation-related revenue streams. In this role, you will invoice third-party licensees for revenue owed to Innovations and process inventor distributions in accordance with Cleveland Clinic’s intellectual property policy.

You will help ensure these payments are accurately calculated and processed while gaining opportunities for professional growth through a defined career ladder and expanded responsibilities that build upon core accounting skills within the department.

A caregiver in this role works remotely from 8:00 a.m. - 4:00 p.m.

To be considered for this position, candidates must reside in Northeast Ohio (NEO) and be able to come onsite as needed.

A caregiver who excels in this role will:

• Prepare, analyze, and communicate key financial information.
• Provide support to management and other staff members regarding financial reporting and related issues.
• Assist with budget preparation, budget review for compliance, and financial planning.
• Consult with all levels of management to provide decision support for initiatives, policies, and procedures.
• Perform special projects and duties related to research, forecasting, and conflict resolution as assigned.
• Prepare and process invoices for third-party licenses.
• Review license agreements to understand revenue terms.
• Interpret contract language to determine what is owed and when.
• Process payments and distributions to inventors employed by Cleveland Clinic.
• Support reporting related to licensing revenue and distributions.
• Manage detailed financial transactions accurately and consistently.
• Learn and use a specialized software platform used in technology transfer and innovations.

Perform other duties as assigned.

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Minimum qualifications for the ideal future caregiver include:

• Bachelor’s degree in Business, Health Care Administration or related field and two years of financial or revenue cycle management or general analytical experience
• OR High School diploma/GED and six years of experience
• OR Associate’s degree and four years of experience
• OR Master’s degree and one year of experience
• OR Cleveland Clinic Finance Fellow experience and one year of experience

Preferred qualifications for the ideal future caregiver include:

• Bachelor’s or Master’s degree
• Certified Public Accountant (CPA) or Certified Management Account (CMA) certification
• Contract-related experience
• Background in finance, accounting, billing, invoicing, revenue administration, contract review, contract administration, royalty accounting, licensing, or other agreement-based financial work
• Experience reviewing contracts, agreements, or payment terms
• Strong analytical skills to interpret revenue terms in technical licensing agreements
• Demonstrated reliability and accuracy in processing financial transactions

Physical Requirements:

• Ability to communicate and exchange accurate information.
• Ability to perform work in a stationary position for extended periods.
• Ability to work with physical records or operate a computer or other office equipment.
• In some locations, ability to travel throughout the hospital system.
• In some locations, ability to move up to 25 lbs.

Personal Protective Equipment:

• Follows standard precautions using personal protective equipment as required.

Pay Range

Minimum Annual Salary: $47,530.00

Maximum Annual Salary: $72,475.00

The pay range displayed on this job posting reflects the anticipated range for new hires. A successful candidate’s actual compensation will be determined after taking factors into consideration such as the candidate’s work history, experience, skill set and education. The pay range displayed does not include any applicable pay practices (e.g., shift differentials, overtime, etc.).

The pay range does not include the value of Cleveland Clinic’s benefits package (e.g., healthcare, dental and vision benefits, retirement savings account contributions, etc.).