Revenue Management Specialist
: Job Details :


Revenue Management Specialist

Mass General Brigham (Enterprise Services)

Location: Boston,MA, USA

Date: 2024-10-15T22:21:01Z

Job Description:

General Overview

Innovation is a 140 person Mass General Brigham business development unit responsible for the worldwide commercial application of the breakthroughs and unique capabilities of MGB's 82,000 employees and Harvard faculty. It drives revenue generation and patient benefit through industry collaborations, investing, company creation, licensing, and innovation management for MGB's Harvard Medical School appointed faculty and hospitals including its core Harvard affiliates -- Brigham and Women's Hospital, Massachusetts General Hospital, Massachusetts Eye and Ear and McLean Hospital.

The Innovation Revenue Management Specialist will be responsible for supporting the revenue cycle within Innovation. This position requires knowledge of understanding license agreement, revenue and distribution policy, invoicing and cost recovery.

Principal Duties and Responsibilities

  • Extensive knowledge of the systems supporting finance and operations to drive efficiency and process improvement.
  • Ability to independently drive process improvements across the team and develop supporting standards, and document SOPs.
  • Extensive knowledge of financial workflows as related to license income invoicing, collection, distributions, patent expense reimbursement and recoveries.
  • Provide training to new team members.
  • Ability to audit distribution policy compliance with Hospital policies.
  • Skillfully decipher and translate policy and contract language to actionable items.
  • Performs distribution and check request approvals.
  • Mentor and coach Revenue Coordinator and Senior Revenue Coordinator.
  • Ability to provide analysis, tracking, trending of key metrics to leadership.
  • Ability to partner with licensing managers on problem solving and solutioning.
  • Manages assignment and priority of support tickets including turnaround times within service level agreements for the team.
  • Must be able to execute all Revenue Coordinator and Senior Revenue Coordinator activities.

    • Qualifications

  • BA or BS required.
  • MS or MBA Preferred.
  • At least 8 years experience in finance administration or related experience preferably in an academic institution setting.
  • Ability to mentor, coach others.
  • Independent thinker, limited supervision required.
  • Excellent verbal and written communication skills.
  • Demonstrated ability to analyze problems, define root causes and implement appropriate solutions/process improvements.
  • Interface with internal and external stakeholders to answer questions and resolve issues.

    • Skills, Abilities and Competencies

  • Ability to understand Innovation agreements and their sections (including key milestones).
  • Knowledge of distribution policy.
  • Auditing and processing high volume of distribution policies and revenue distributions.
  • Interface with external parties to answer questions and resolve issues.

    • EEO Statement

    Mass General Brigham is an Equal Opportunity Employer. By embracing diverse skills, perspectives, and ideas, we choose to lead. All qualified applicants will receive consideration for employment without regard to race, color, religious creed, national origin, sex, age, gender identity, disability, sexual orientation, military service, genetic information, and/or other status protected under the law. We will ensure that all individuals with a disability are provided a reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment.

    Primary Location: MA-Boston-MGB Remote See Posting for Details

    Work Locations:

    MGB Remote See Posting for Details399 Revolution DriveSomerville 02145

    Job: Finance/Accounting

    Organization: Mass General Brigham

    Schedule: Full-time

    Standard Hours: 40

    Shift: Day Job

    Employee Status: Regular

    Recruiting Department: MGB Innovation

    Job Posting: Oct 1, 2024

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