Washington University is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity or expression, national origin, genetic information, disability, or protected veteran status.
This position is full-time and works approximately 37.5 hours per week.
This position will be responsible for administering financial support for the Office of Technology Management on issues pertaining to accounts receivable and accounts payable.� This position will also be responsible for managing the agreement term compliance function of all active license agreements for Washington University.� Finally, this position will have involvement in the departmental budget and the human resources functions of the office.
PRIMARY DUTIES AND RESPONSIBILITIES:
Accounts Payable: Work with law firms as the primary contact for all financial matters related to patent expenses, recording all pertinent information in the KSS database, and paying invoices.
Accounts Receivable: Invoice clients for license income and reimbursable patent expense.
Diligently track performance obligations for all active agreements.� Generate various reports of licensee obligations that reflect due diligence in product development, milestone achievements related to clinical trials, financing activities of the organizations, reports of first sale, periodic reporting of licensed product sales and payment of royalties, and meeting payment plan and convertible note obligations.� Initiate contact with licensees who do not meet and submit required reports according to the terms of the license agreements and work with the licensees to bring their agreements into compliance.� When licensees fail to meet the terms of the agreements issue a notification of default (NOD).� Notify management when licensees fail to clear NODs for potential agreement termination.�
Develop annual budgets and provide forecasting of licensing income.� Identify financial trends within the department. Work with leadership to develop and implement various processes or programs to eliminate negative trends and capitalize on positive trends.� Provide monthly variance analysis to prior year and budget for department director and for central accounting and finance offices.
Develop and deliver monthly and annual reports for faculty, department heads, and BDDs.� These reports will summarize the financial activities of the licensees.
Monitor/facilitate desk and on-site audits of licensee companies.� Identify potential licensees to conduct full financial audits.
High school diploma or equivalent high school certification.
Strong employment experience in the accounting area.
Bachelor’s degree in accounting or related field.
Three years of accounting and/or auditing experience.
Flexible, open and receptive to new ideas and approaches.
Adapts to changing priorities, situations and demands.
Handles multiple tasks and priorities.
Modifies one's preferred way of doing things.
Demonstrates the ability to express thoughts clearly, both orally and in writing.
Demonstrates effective listening skills.
Shares knowledge and information.
Is approachable/accessible to others.
Reaches out to be helpful in a timely and responsive manner.
Strives to satisfy one’s external and/or internal customers.
Diplomatic, courteous, and welcoming.
Demonstrates accountability in all work responsibilities.
Exercises sound and ethical judgment when acting in behalf of the university.
Exercises appropriate confidentiality in all aspects or work.
Shows commitment to work and to consequences of own actions.
Shows initiative, anticipates needs and takes actions.
Demonstrates innovation, creativity and informed risk-taking.
Engages in problem-solving; suggests ways to improve performance and be more efficient.
Department Name/Job Location:
This position is in the Office for Technology Management. This position is for the Danforth Campus.
The hiring range for this position is $19.18 - $24.47 per hour.
All external candidates receiving an offer for employment will be required to submit to pre-employment screening for this position. Current employees applying for a new position within the university may be subject to this requirement. The screenings will include a criminal background check and, as applicable for the position, other background checks, drug screen, employment and education or licensure/certification verification, physical examination, certain vaccinations and/or governmental registry checks. All offers are contingent upon successful completion of required screening.
Please attach a copy of your most current signed performance evaluation (completed within the last 18 months) to your online account. If you have not received a performance evaluation, you may provide two current signed letters of recommendation (written within the last 18 months), preferably to include one letter from either a current or recent former supervisor. To attach these documents, go to: My Career Tools, Add Attachment, Attachment Type – Performance Reviews or Letters of Recommendation.
Washington University in St. Louis, a medium-sized, independent university, is dedicated to challenging its faculty and students alike to seek new knowledge and greater understanding of an ever-changing, multicultural world. The University offers more than 90 programs and almost 1,500 courses leading to bachelor's, master's and doctoral degrees in a broad spectrum of traditional and interdisciplinary fields, with additional opportunities for minor concentrations and individualized programs. The faculty is composed of scholars, scientists, artists and members of the learned professions. They serve society by teaching; by adding to the store of human art, creativity, understanding, and wisdom; and by providing direct services, such as health care.