Research Commercial Officer

6 months ago

Liverpool, United Kingdom Liverpool Heart & Chest Hospital NHS Foundation Trust Full time

We are looking for a dynamic, enthusiastic, and knowledgeable finance commercial officer to join the research department at Liverpool Heart and Chest Hospital. This is a newly established post within the research department and will involve working closely with the R&D team and commercial partners.

This is an exciting time to join the department, as we have recently commenced our joint collaboration with Liverpool Clinical Research Facility increasing our potential to offer early phase research to our patients. Further to this we collaborate with the University of Liverpool and Liverpool John Moores University to deliver the Liverpool Centre for Cardiac Sciences. Liverpool Heart and Chest Hospital was recently also voted as the top in the NHS staff survey. The trust has also been voted as outstanding by the CQC twice and is the only specialist trust to achieve this.

The main purpose of this role is to provide day-to
- day financial support for the R&I Department including monitoring, tracking, and invoicing for research activity, but also reviewing financials in research contracts and advising the senior management in study selection process.

Preparation of financial reports for research funders and stakeholders will be required and supporting the development of a robust set of policies and procedures to ensure that the department achieves the maximum financial return. The post holder will be the first point of contact for finance related queries and will proactively work with the Business accountant and Research Governance Manager to resolve any queries they may have with regard to financial processes, transactions, reporting and as a result will provide high standards of customer service.

They would further support the Business Accountant with developing a financial projection for the R&I department, as well as monitoring and reporting to the Leadership on significant changes or deviations from projections. Additionally, the post holder will be responsible for managing and monitoring the invoices and payments for LHCH sponsored multi-centre trials. They will also support the process of reimbursement and monitoring of finances internally.

As the largest single site specialist heart and chest hospital in the UK, we, at Liverpool Heart and Chest Hospital, have a clear vision 'to be the best cardiothoracic integrated healthcare organisation'.

We provide specialist services in cardiothoracic surgery, cardiology, respiratory medicine both in the hospital and out in the community.

We serve a catchment area of 2.8 million people, spanning Merseyside, Cheshire, North Wales and the Isle of Man, and increasingly we receive referrals from outside these areas for highly specialised services such as aortics.

Our reputation for strong performance is important in delivering the best care for our patients and high quality clinical services. This is underpinned by a culture of research and innovation, delivered in modern estate and our encouragement of flexible working in a variety of forms.

**Main Tasks and responsibilities**:
Provide research financial administrative support to the Research department, ensuring accurate billing, invoicing, and payments.

Preparation of research financial documents and correspondence.

Build and maintain templates for tracking trial activity, invoicing, costed activity in supporting departments, and more.

Review the financials of research trials in the departmental pipeline and advise on their suitability in terms of financial renumeration.

Review the financial section of research contracts and set up tracking of research activity and invoicing

Maintain accurate financial records

Ensure LHCH is receiving payment according to agreed contract terms and investigate financial queries in relation to disputed invoices or pending payments

To complete account reconciliations, reviewing income and expenditure transactions to support the Hosted Service and Research Accountant.

To develop, along with Research staff and the Finance department a robust set of policies and procedures to ensure that the department achieves the maximum financial return.

To develop, under the supervision of the Hosted Service and Research Accountant, a financial projection for the R&I department, to update and report on significant changes or deviations from projections

To support the Head of Research and Research Governance Manager in contract negotiations with commercial and external companies ensuring all cost are accurately recorded

To provide budgetary advice for grants and LHCH sponsored trials

To provide finance training as directed by senior finance staff, to research staff, budget holders and other mananagers.

Organisational

To attend internal meetings with budget holders to discuss their budgetary position and resolve any queries

To identify budget variances and ensure any areas of concern are reported upwards as necessary

To provide financial information, as directed be senior staff to ex

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