The Icahn School of Medicine at Mount Sinai’s (ISMMS) Department of Finance is the administrative office that oversees and provides core support and guidance to School personnel for many financial operations and business practices. This includes assistance with budgets, payroll, research grant fiscal stewardship, asset management, and travel reimbursement.

The Department is comprised of the following divisions, located at 150 East 42nd Street, 9th floor (between Third and Lexington Avenues). View a list of employees.

The Accounts Payable Department assists ISMMS faculty and administrative staff in meeting their operational needs by disbursing payments to vendors and reimbursements to employees in a responsible and timely manner. Our team recognizes the importance of positive relationships, striving to build and maintain them. We also seek to manage cash effectively and follow all applicable rules and regulations.

Below are Accounts Payable policies and procedures and forms:

For a complete list of policies and procedures, view General Accounting below.

The Cash Operations/Main Cashier’s Office, located on the MC level of Annenberg operating Monday-Friday between 8:30 am and 4:30 pm, is charged with collecting and depositing all ISMMS funds in accordance with its policies and procedures. The Main Cashier’s Office develops and implements standardized cash receipting and cash-handling procedures, along with managing the petty cash fund.

For a complete list of policies and procedures, please view General Accounting below.

The Faculty Practice Accounting (FPA) Division of the Department of Finance oversees, monitors, and provides financial management support to all Faculty Practice participants and departments.

Learn more about Faculty Practice Accounting

The Division of General Accounting within the Department of Finance at the Icahn School of Medicine is the administrative office that oversees and provides support to School personnel regarding financial reporting and management and related business services. The primary responsibilities of the General Accounting Division are:

  • Accounting, reporting, and preparing the School’s monthly internal financial statements.
  • Serving as the primary liaison for the year-end audit, including preparing audited financial statements and all other finance related surveys.
  • Preserving the integrity of the financial accounting systems data.
  • Maintaining the School’s Chart of Accounts.
  • Providing customer support to all areas throughout ISSMS.
  • Coordinating the budget process for the Icahn School of Medicine.
  • Accounting and reporting on the Mount Sinai Health System's investment portfolio.
  • Modifying the School’s online procurement system (Sinai Central), including monthly financial reports/ledgers and online transaction processing.

Guidelines and Forms

Below is a comprehensive list of guidelines and forms to help you navigate and comply with established Department and Icahn School of Medicine policies.

The Payroll Division is responsible for ensuring that all Icahn School of Medicine employees are paid accurately and in a timely manner. This Division also promotes and monitors compliance with appropriate State and Federal financial and tax laws and regulations, along with confirming all payroll transactions are properly recorded in the School’s accounting system and all accounts are reconciled on a routine and timely basis. View the Payroll & Human Resources policy and payroll services forms.

For a complete list of policies and procedures, please view General Accounting above.

As part of the Mount Sinai Health System, the Icahn School of Medicine requires that all suppliers doing business with our organization register their company information within the Vendormate system. Appropriately managing our supplier relationships is an essential part of providing world-class care to our patients and community.

Vendors who wish to do business with the Mount Sinai Health System, please visit our Vendor Portal.

Faculty and staff of the Mount Sinai Health System may visit the Supply Chain intranet page.

Sponsored Projects Accounting is responsible for the post-award administration of grants and contracts received by ISMMS.

Affiliations Financial Services is a division in the Icahn School of Medicine Department of Finance.

The Financial Administration of Clinical Trials Services (FACTS) office is the center for coordinating the financial aspect of your clinical trials.