Financial Analyst II - Innovations and Ventures

At Cleveland Clinic Health System, we believe in a better future for healthcare. And each of us is responsible for honoring our commitment to excellence, pushing the boundaries and transforming the patient experience, every day.

We all have the power to help, heal and change lives — beginning with our own. That’s the power of the Cleveland Clinic Health System team, and The Power of Every One.

Job Title

Financial Analyst II - Innovations and Ventures

Location

Cleveland

Facility

Remote Location

Department

Corporate Accounting-Finance

Job Code

T2434E

Shift

Days

Schedule

8:00am-4:00pm

Job Summary

Job Details

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.
  

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.

The policy of Cleveland Clinic Health System and its system hospitals (Cleveland Clinic Health System) is to provide equal opportunity to all of our caregivers and applicants for employment in our drug free environment. All offers of employment are followed by testing for controlled substances.

Cleveland Clinic Health System administers an influenza prevention program. You will be required to comply with this program, which will include obtaining an influenza vaccination on an annual basis or obtaining an approved exemption.

Decisions concerning employment, transfers and promotions are made upon the basis of the best qualified candidate without regard to color, race, religion, national origin, age, sex, sexual orientation, marital status, ancestry, status as a disabled or Vietnam era veteran or any other characteristic protected by law. Information provided on this application may be shared with any Cleveland Clinic Health System facility.

If applying for a Florida position, please see the following website for more information on the background screening requirements required by the Agency of Health Care Administration: https://info.flclearinghouse.com/

Please review the Equal Employment Opportunity poster.

Cleveland Clinic is pleased to be an equal employment opportunity employer.

Benefits

We know that fully supporting our caregivers is what creates the best outcomes for our patients. Our outstanding, comprehensive offerings are an investment in your health, well-being and future.

Locations

What began in Cleveland in 1921 has grown to include locations throughout, the U.S. and even other countries. For you, that means more opportunities to learn, grow and serve patients — while finding caring, thriving communities both at work and at home.

About Us

Cleveland Clinic is a nonprofit multispecialty academic medical center that integrates clinical and hospital care with research and education. Headquartered in Cleveland, Ohio, it was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation. Cleveland Clinic has pioneered many medical breakthroughs, including coronary artery bypass surgery and the first face transplant in the United States. U.S. News & World Report consistently names Cleveland Clinic as one of the nation’s best hospitals in its annual “America’s Best Hospitals” survey. Among Cleveland Clinic’s 70,800 employees worldwide represent 140 medical specialties and subspecialties. Cleveland Clinic is a 6,500-bed health system that includes a 173-acre main campus near downtown Cleveland, 19 hospitals, more than 220 outpatient facilities, and locations in southeast Florida; Las Vegas, Nevada; Toronto, Canada; Abu Dhabi, UAE; and London, England.