Payment Specialist (Contract)
Join to apply for the Payment Specialist (Contract) role at Vantive. Vantive is a vital organ therapy company on a mission to extend lives and expand possibilities for patients and care teams everywhere. For 70 years, our team has driven meaningful innovations in kidney care. As we build on our legacy, we are deepening our commitment to elevating the dialysis experience through digital solutions and advanced services, while looking beyond kidney care and investing in transforming vital organ therapies. Greater flexibility and efficiency in therapy administration for care teams, and longer, fuller lives for patients— that is what Vantive aspires to deliver.
Job Description
- Assist Global Payment Manager on leading the team in daily payment operation activities.
- Actively support or participate with any project related to system enhancement, process improvement for vendor master data management with influence on accuracy, efficiency, and compliant master data management process.
- Investigate and solve non-standard problem within the team. Assist peers in troubleshooting activities within work unit or work collaboratively with other teams to resolve issue relevant to Payment.
- Ensure completeness, accuracy, and timeliness of payment activities from the generation of the payment proposal, the application and removal of payment holds through to the coding and release of the final payment file.
- Identify and present solutions for continuous process improvement.
- Adhere to documented payment controls.
- Ensure adherence to defined controls, from the review or the payment proposal through to the release of the final payment file to the bank.
- Support manual payment activities as needed.
- Support the transition of additional countries into the Shared Service Center.
- Review and propose changes to Accounts Payable policies and procedures as dictated by market and company changes and / or industry, in addition to changes in personnel, department practices and systems.
- Prepare payment proposals and process approved supplier and employee payments.
- Create forecast for the Treasury teams and other business functions visibility as required.
- Responsible to ensure correct cash flow management – no early payments without justification done.
- Review, troubleshoot and resolve bank reconciliation differences along with A2R teams in a timely basis.
- Review, troubleshoot and fix rejected & returned payments in a timely basis (within the same month).
- Support Month End Close activities relevant to the payment team or the entire P2P function as required.
- Answer tickets coming from other teams about payment requests in a timely manner.
- Support auditing process / requests in a timely manner.
Qualifications
Functional Knowledge in master data management strategies and tactics including organization, procedures, processes, policies, and technologies.Experience in global governmental tax reporting requirements for vendors.Operate independently and in collaboration with other upstream and downstream processes.Detailed understanding of Procure to Pay (P2P) processes, systems, and policies.Understanding of internal control elements.Good written and oral communication skills.Highly organized.Ability to meet strict deadlines.Excellent customer service skills, ability to engage effectively with key stakeholders from across the organization, promoting continuous improvement and process standards.Assess risk and define / apply operational quality standards / controls.Provide data and root cause analysis to support continuous process improvement.Strong analytical skills and business acumen.Reasonable Accommodation
Vantive is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the link here and let us know the nature of your request along with your contact information. Form Link
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