Follow Us On LinkedIn (Link opens in a new window)
Financial Analyst
Job Ref # 18621
Houston Methodist Academic Institute
6670 Bertner Ave
Houston, TX 77030

Category: Academic Institute

Job Type: Full-Time

Posted Date: Nov. 24, 2021


At Houston Methodist Research Institute the Cardiovascular Regeneration Financial Analyst is responsible for the following:

  • Prepare and format monthly reports after month-end close for each Principal Investigator (PI).
  • Create pivot tables summarizing all detail reports for PIs.
  • Prepare re-budgets, re-budget documents and cost transfers when needed per grant project.
  • Prepare/pay and submit animal facility invoices with appropriate funding information.
  • Prepare and submit new and modified salary allocations.
  • Run grant effort reports to verify personnel effort certifications.
  • Verify that grant efforts are certified appropriately.
  • Submit Non-PO vouchers for payment.
  • Prepare and submit capital equipment orders along with required documentation.
  • Assist in annual budget preparation.
  • Update and maintain grant deadlines spreadsheet with grant submissions.
  • Assist with timeline for grant submissions.
  • Draft and upload grant budgets and budget justifications for PI per grant instructions.
  • Assist with grant submissions in our internal grants management system.
  • Coordinate with other departments/institutions for required documentation needed for grant
  • submissions/subawards.
  • Maintain and update PIs other support documentation.
  • Complete subaward request forms for all outgoing subawards.
  • Keep track of all incoming subawards to make sure they are set up in a timely manner.
  • Create and maintain Outlook reminders for pending items.
  • May be asked to cover some Executive Assistant duties when they are out.



PEOPLE - 10 %

  1. Interacts with all levels within the department, other institutional departments, and across the organization as well as outside companies to resolve problems/errors or questions regarding basic accounting reconciliation items or financial performance. (EF)
  2. Effectively and proactively communicates with all stakeholders to resolve issues and discrepancies in a timely manner and ensures their accurate understanding of the analytics. (EF)

SERVICE - 20 %

  1. Extracts actual and budget financial accounting General Ledger (G/L) data or financial data from appropriate sources to report and reconcile with appropriate leadership. Generates accurate and timely reports. (EF)
  2. Supports department management with prepration of the annual operating and capital budget. Submits invoices and follows-up with industry partners as needed. In addition, prepares necessary journal entries for coordinator effort and Principal Investigator (PI) oversight as assigned. (EF)


  1. Reviews revenue projections, budget revisions, etc., for physician practice, academic department or assigned hospital entity and department(s). (EF)
  2. Monitors and reports key system operational indicators and alerts leadership potential performance issues. (EF)
  3. Follows all internal audit requirements for appropriate system applications. (EF)
  4. Utilizes/enhances tools to improve the accuracy of financial analytics and enhance revenue opportunities.

FINANCE - 40 %

  1. Performs one or more of the following: (EF)
    1. Supports the development of auditing, reporting and contract modeling tools as needed for identification and analysis of rate and/or fee schedule auditing, financial performance and contract performance as well as modeling and analysis of potential opportunities.
    2. Maintains monthly dashboard of key indicators and external benchmarks as defined by management. Prepares and maintains revenue models. Compiles information needed for organization profit and loss statement as required.
    3. Reviews contracts/calculates provider productivity bonuses/compensation models as appropriate.
    4. Assists in preparation of gift, grant and contract budget proposals as needed. Assists in the oversight of department’s financial files for all grants, contracts, and donor funding and verifies that all faculty, staff and research personnel are charged to the appropriate funding source via submission of a salary reallocation form as appropriate.
  2. Utilizes resources effectively and efficiently, demonstrating financial stewardship. Manages own time effectively and prioritizes work to achieve maxium results in a timely manner. (EF)


  1. Maintains procedures and Standards of Practice (SOP’s) for reconciliation process. (EF)
  2. Maintains working knowledge of cost accounting system, clinical trials management systems or others and their relationship to other financial and non-financial systems. Maintains working knowledge of hospital and physician compensation methodologies and affecting government regulations, as applicable. (EF)
  3. Proactively manages own career development. Completes My Development Plan (MDP). (EF)

This job description is not intended to be all inclusive; the employee will also perform other reasonably related business/job duties as assigned. Houston Methodist reserves the right to revise job duties and responsibilities as the need arises.



o Bachelor’s degree in finance, accounting, healthcare administration, business administration or related field


o One year experience of financial, budget or cost accounting preferred


o None


o Demonstrates the skills and competencies necessary to safely perform the assigned job, determined through on-going skills, competency assessments, and performance evaluations.

o Sufficient proficiency in speaking, reading, and writing the English language necessary to perform the essential functions of this job, especially with regard to activities impacting patient or employee safety or security.

o Ability to effectively communicate with patients, physicians, family members and co-workers in a manner consistent with a customer service focus and application of positive language principles.

o Analytical thinking and creative problem solving and ability to define a variety of approraches to business problems

o Understanding of business process analysis, system requirements, data modeling and functional design

o Project Management skills



Work Attire Yes/No

Uniform No

Scrubs No

Business professional Yes

Other (dept approved) No


On-Call* No (for Non-Exempt or Exempt jobs)


*Note that employees may be required to be on-call during emergencies (ie. Disaster, Severe Weather Event, etc) regardless of selection above.



May require travel within No

Houston Metropolitan area


May require travel outside No

of Houston Metropolitan area


**Travel specifications may vary by department.

Company Profile:

Houston Methodist Academic Institute was formed to rapidly and efficiently translate discoveries made in the laboratory and the clinic into new diagnostics, therapies and treatments. The research institute was created in 2004 to provide the infrastructure and support for these endeavors, and to house the technology and resources needed to make innovative breakthroughs in important areas of human disease. A 540,000 square foot building dedicated to research and clinical trials, the academic institute houses over 2,047 credentialed researchers conducting 1,470 ongoing clinical protocols.

Check Out - The Daily Dose News from the Houston Methodist Community (opens in a new window)
Houston Methodist Included On List Of Best Places To Work In 2022
Houston Methodist Named a Best Place to Work in 2022. Through voluntary and anonymous feedback shared on Glassdoor, Houston Methodist is proud to announce our inclusion on their list of the Best Places to Work in 2022. The feedback provided by our employees aligns with our I CARE values …
Houston Methodist Named Best Employer
Houston Methodist is excited to announce that Forbes and Statista have again named us a Top Employer in Texas. This is their third annual list highlighting noteworthy employers based on surveys from 80,000 Americans working for businesses with at least 500 employees. We at Houston Methodist are honored being featured …
Houston Methodist Hospital Named a ‘World’s Best Smart Hospital’
Houston Methodist is proud to announce that Houston Methodist Hospital is named a ‘World’s Best Smart Hospital 2021’. Newsweek and Statista partnered to develop a list of hospitals deemed best for integrating new technologies and data-driven opportunities as part of their delivery of health care. At Houston Methodist, we strive …