Manager of Payments and Settlements

georgetown; United States; Hybrid; USD 55,000 - 100,000; Full time

Benefits offered by this job

Hybrid work model

Tuition assistance

Retirement savings

Job summary

Georgetown University seeks a Manager of Payments and Settlement to oversee daily payment settlements, ensuring accurate processing and timely handling of transactions. You will cancel erroneous payments and reissue unclaimed or misdelivered payments to suppliers, while supervising refunds for proper General Ledger recording.

You will engage with Accounts Payable, procurement, and external suppliers, acting as a knowledge resource across the Procure-to-Pay operations.

Qualifications

• Bachelor's degree required.
• 3–5 years of professional experience in an accounts payable office.
• Strong analytic skills.
• Proficiency in Google Workspace and MS Office.
• Excellent oral and written communication skills.
• Preferred: Major in finance, accounting, or business management.
• Advanced degree or certification.
• Experience in a higher education environment.
• Familiarity with Workday financials.

Responsibilities

• Manage daily payment settlement and ensure accurate processing of transactions.
• Cancel erroneous payments and reissue unclaimed or misdelivered payments to suppliers.
• Oversee supplier repayments and ensure refunds are properly recorded in the General Ledger and procurement system.
• Serve as a knowledge resource for the Office of Accounts Payable and Procure-to-Pay operations.
• Collaborate with suppliers and internal stakeholders to resolve payment issues and reconcile cash accounts.

Skills

Analytic skills

Google Workspace

MS Office

Education

Bachelor's degree

Tools

Google Workspace

MS Office

Job description

Georgetown University comprises two unique campuses in the nation's capital. With the Hilltop Campus located in the heart of the historic Georgetown neighborhood, and the Capitol Campus, just minutes from the U.S. Capitol and U.S. Supreme Court, Georgetown University offers rigorous academic programs, a global perspective, and unparalleled opportunities to engage with Washington, D.C. Our community is a close-knit group of remarkable individuals driven by intellectual inquiry, a commitment to social justice, and a shared dedication to making a difference in the world.

Requirements

Job Overview

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.

Work Interactions

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 and Qualifications

Required

• 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

Preferred

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

Work Mode Designation

This position has been designated as Hybrid 1 Day. Please note that work mode designations are regularly reviewed in order to meet the evolving needs of the University. Such review may necessitate a change to a position's mode of work designation. Complete details about Georgetown University's mode of work designations for staff and AAP positions can be found on the Department of Human Resources website: https://hr.georgetown.edu/mode-of-work-designation.

Pay Range

The projectedsalary or hourly pay range for this position which represents the full range of anticipated compensation is:

$54,616.00 - $100,493.33

Compensation is determined by a number of factors including, but not limited to, the candidate's individual qualifications, experience, education, skills, and certifications, as well as the University's business needs and external factors.

EEO Statement

GU is an Equal Opportunity Employer. All qualified applicants are encouraged to apply, and will receive consideration for employment without regard to age, citizenship, color, disability, family responsibilities, gender identity and expression, genetic information, marital status, matriculation, national origin, race, religion, personal appearance, political affiliation, sex, sexual orientation, veteran status, or any other characteristic protected by law.

Benefits

Georgetown University offers a comprehensive and competitive benefit package that includes medical, dental, vision, disability and life insurance, retirement savings, tuition assistance, work-life balance benefits, employee discounts and an array of voluntary insurance options. You can learn more about benefits and eligibility on the Department of Human Resources website.