Manager of Payments and Settlements

Georgetown University•Bethesda, MD

1d•$54,616 - $100,493•Hybrid

About The Position

The Manager of Payments and Settlement serves as the University’s primary resource for the critical daily task of payment settlement, and is responsible for ensuring that all payment transactions are processed in an accurate and timely fashion. The Manager is responsible for cancelling erroneous payments, and reissuing unclaimed or misdelivered payments to suppliers. Additionally, the Manager will oversee supplier repayments, ensuring that all refunds from vendors are processed in such a manner as to ensure the proper accounting on the General Ledger and accurate recording within the procurement system. Finally, the Manager will service as a knowledge resource for the Office of Accounts Payable, as well as for other stakeholders within the Procure-to-Pay operation. The Manager reports to the Director of Accounts Payable. The Manager interacts with a broad set of internal and external stakeholders, across numerous campuses and business functions, and of differing levels of seniority. The Manager will work directly with suppliers to resolve payment Issues, with members of the Accounts Payable team to aid in the answering of customer service inquiries, and with procurement personnel (along with personnel at the departmental and campus level) to help them understand the timing and method of supplier payments. Work closely with the Director of the General Accounting Office to aid in their efforts to reconcile cash accounts.

Requirements

Bachelor’s degree
3-5 years professional experience in an accounts payable office
Strong analytic skills
Proficiency in Google Workplace suite and MS Office suite.
Excellent oral and written communication skills

Nice To Haves

Major in finance, accounting, or business management
Advanced degree or certification.
Professional experience in a higher education environment
Familiarity with Workday financials

Responsibilities

Serve as the University’s primary resource for daily payment settlement.
Ensure all payment transactions are processed accurately and timely.
Cancel erroneous payments.
Reissue unclaimed or misdelivered payments to suppliers.
Oversee supplier repayments, ensuring proper accounting on the General Ledger and accurate recording within the procurement system.
Serve as a knowledge resource for the Office of Accounts Payable and other Procure-to-Pay stakeholders.
Work directly with suppliers to resolve payment issues.
Aid the Accounts Payable team in answering customer service inquiries.
Assist procurement personnel, departmental, and campus-level personnel in understanding supplier payment timing and methods.
Work closely with the Director of the General Accounting Office to reconcile cash accounts.