Careers
The organizational culture at Ozmosis Research can be described as an achievement culture
We value, openness, honesty, and transparency
Process improvements and thinking innovatively are key to the success of the organization
Ozmosis Research is an equal opportunity employer.
We welcome you to send your resume to ozmcareers@ozmosisresearch.ca. Please include a cover letter outlining relevant work experience, professional skills, and the position you seek.
We appreciate your interest, however, only candidates selected for an interview will be contacted.
Current Postings
Status: Full Time
Location: Toronto, ON
Department: Finance
Status: Permanent, Full-Time
Ozmosis Research Inc.
Hours: 35 hours per week
Ozmosis Research Inc. is an independent, entrepreneurial clinical trials management company in Canada operating as a social enterprise (not for profit) and it is one of the subsidies of University Health Network. We are a trusted partner for biotechnology and pharmaceutical companies as well as academic institutions and investigators, and we have an impressive track record of success in oncology research. We provide our expertise to pharmaceutical and biotechnology companies to help them succeed with the design and implementation of their Phase I, II and III clinical trials. We offer services provided by traditional CRO’s with a distinct advantage – our oncology experience and our network of contacts at leading oncology centres in Canada, Australia, US, and Europe.
Position Summary:
The Financial Analyst II will join a dedicated and high performing Ozmosis team. Reporting to the Manager Accounting and Finance your role will be responsible for, but not be limited to:
- Financial accounting and analysis
- Accounts Receivable and Payable
- Study Financial Management
- Miscellaneous
Financial Accounting and Analysis
- Analyze current and past financial data and performance.
- Prepare reports and projections based on this analysis.
- Perform variance analysis, identify trends, and make initials for the change and recommend improvement.
- Work closely with other staff to ensure accurate financial reporting and forecasting.
- Carry out monthly bank reconciliations and reconcile revenue recognition.
Accounts Receivable
- Process, verify, and generate accurate invoices monthly based on Monthly Activity Sheets.
- Prepare study billing schedules according to Each Study Budget or Milestone Schedule.
- Investigate and resolve account discrepancies and communicate with the Clients in a professional manner.
- Keep closely monitoring on Aging Accounts Receivable and escalate the overdue accounts to Higher level for the direction or further actions.
- Check and make out invoices for any billable or extra items to the Study Sponsors.
Accounts Payable
- Process, verify, and prepare payments to the vendors or site payments by checks, wire payments or direct deposits
- Keep monitoring the restricted accounts having sufficient fund to make financial obligations to the vendors and sites and pay them on time.
- Handle all vendor or site correspondence via emails.
- Reconcile in trust funds with vendor payments monthly.
- Prepare site payment schedule for various studies.
Study Financial Management
- Check the Study Budget in a diligent manner to ensure its accuracy and completion and prepare a Milestone Billing Schedule if it is required.
- Take note and highlight the study contracts or agreements for any items related to invoicing.
- Prepare Monthly Activity Sheet.
- Record all the travel expenses and allocate those costs into the Study and prepare Mastercard reports
- Keep tracking study and flow through expenses and ensure they are within the Budget.
- Elevate and project the PL of each Study in a timely fashion.
Miscellaneous
- Provide support and assistance to the Manager Accounting and Finance in the administration of the Finance Department
- Assist in development and implementation of new procedures and features to enhance the workflow of the department
- Other duties as assigned
Position Qualifications:
- CPA designation or at the advanced stage towards completion of the (CPA) Chartered Professional Accountant designation
- Bachelor’s Degree in Accounting, Finance, Business Administration, or equivalent program
- Experience in financial planning and analysis required
- Minimum 3-5 years’ experience in accounting or similar accounting position
- Experience in a post-secondary institution environment preferred
- Ability to work accurately under pressure and to meet tight deadlines
- Ability to work independently and as a team member
- Strong organizational and multi-tasking skills
- Advanced proficiency in MS Excel (macros and pivot tables)
- Familiarity with Great Plains accounting software
- Highly detail-oriented and organized
- Excellent verbal and written communication skills
- Strong problem solving and analytical skills
Training Standards
Minimum Bachelor’s Degree in Science with post-grad Clinical Research Training or experience
Continuous Training including:
- GCP Training every 2 years
- Ethics & Privacy Training: TCPS2
- Disease Site Oncology Training
- Regulatory Updates
- SOP Training
- Others as needed (Response criteria, correlatives, etc)