Payment Specialist (Remote)

MSD•Rahway, NJ

5d•Remote

About The Position

The Payment Specialist will be responsible for reviewing executed contracts, accurately setting up payees and budget schedules as governed by the signed contract. This role involves initiating site payments according to policies and guidelines, processing payments for completed visits and milestones, and reimbursing pass-through expenses in compliance with Generally Accepted Accounting Procedures and the Sarbanes Oxley Act. The specialist will also be responsible for routing and tracking payments for approval, responding to internal and external customer inquiries regarding payments and budgets, and maintaining information in appropriate databases. Additionally, the role includes organizing, storing, archiving, and retrieving contracts and payment documentation, coordinating records management practices, and developing data summary and payment reconciliation reports.

Requirements

High School Diploma/GED with minimum of 1 year experience specific to payment processing
Strong interpersonal and customer service skills
Excellent written and oral communication skills
Demonstrated effectiveness working independently, collaboratively with peers and in cross-functional teams.
Knowledge of Microsoft Office applications especially Excel
Excellent organizational and analytical skills
Ability to handle multiple priorities within matrix environment

Nice To Haves

Budgeting
Clinical Research
Finance
Microsoft Excel
Oral Communications
Payment Handling
Payment Processing
Communication
Customer Service
Microsoft Office

Responsibilities

Review all executed contracts and accurately set-up the payees and budget schedule as governed by the signed contract.
Initiate site payments according to policies and guidelines.
Process site payments related to visits completed, milestones completed and reimbursement for pass through expenses according to Generally Accepted Accounting Procedures and Sarbanes Oxley Act.
Route and track payments for approval in a timely manner.
Answer queries from internal and external customers regarding payments and budgets.
Maintain information in appropriate databases or other tools.
Organize, store, archive, and retrieve contracts, payment documentation and other relevant documents.
Coordinate records management practices and records management policy in collaboration with the appropriate sponsor’s record management groups.
Develop and maintain data summary reports and related payment reconciliation reports.