Supply Chain Payment Specialist

Sentara Health; Virginia Beach (VA); Hybrid; USD 93,000 - 136,000; Full time

Benefits offered by this job

Medical, Dental, Vision plans

401k/403B with Employer Match

Paid Time Off

Educational Assistance

Student Debt Pay Down

Job summary

Sentara Health in Virginia Beach is seeking a Supply Chain Payment Specialist to act as SME for rebate processing, payment assurance, and financial leakage programs. You will record, reconcile, and report rebate transactions and balances, and verify complex rebate calculations based on contract language.

A Bachelor’s degree and 5 years of related experience are required. Strong analytical, written, and verbal skills are essential.

Qualifications

• Bachelor degree required.
• Minimum 5 years related experience.
• Strong analytical, written and verbal communication skills.

Responsibilities

• Serve as SME in rebate processing and payment assurance.
• Record, reconcile, and report rebate and payment recovery transactions.
• Verify calculations of rebates based on contract language.
• Collaborate with Supply Chain Sourcing Managers to resolve discrepancies.
• Prepare presentations and detailed work papers for leadership.
• Develop dashboards and reconciliations to report financial results.
• Support regulatory and internal reporting requirements.

Skills

Rebate processing

Payment assurance

Financial analysis

Data reconciliation

Reporting

Education

Bachelor Level Degree

Job description

Supply Chain Payment Specialist

Serves as a Subject Matter Expert (SME) in rebate processing, payment assurance functions and financial leakage program. Recording, reconciling, and reporting transactions and balances related to rebates and/or payment recovery efforts. Verifies complex calculations of rebate amounts due based on contract language, reconciling source documentation, working with Supply Chain Sourcing Managers to verify and research any discrepancies. Identify, analyze, research, and resolve rebate or payment assurance issues. Prepare presentations, create relevant work papers, identify issues related to assigned areas and communicate well with various departments with staff at various levels. Provides financial, analytical, and business management support for the Supply Chain Director of Finance and/or Supply Chain Senior Management.

City/State

Virginia Beach, VA

Work Shift

First (Days)

Overview

Serves as a Subject Matter Expert (SME) in rebate processing, payment assurance functions and financial leakage program. Recording, reconciling, and reporting transactions and balances related to rebates and/or payment recovery efforts. Verifies complex calculations of rebate amounts due based on contract language, reconciling source documentation, working with Supply Chain Sourcing Managers to verify and research any discrepancies. Identify, analyze, research, and resolve rebate or payment assurance issues. Prepare presentations, create relevant work papers, identify issues related to assigned areas and communicate well with various departments with staff at various levels. Provides financial, analytical, and business management support for the Supply Chain Director of Finance and/or Supply Chain Senior Management. Verifies complex calculations of rebate amounts due based on contract language, reconciling source documentation, working with Supply Chain Sourcing Managers to verify and research any discrepancies.

• Review and comprehend factors indicating payment assurance in relation to Supply Chain functions.
• Audits compliance support related to rebates and payment assurance and financial leakage.
• Provides analytical support for the Supply Chain Director of Finance and/or Supply Chain Senior Management.
• Ability to review payment or rebate transactions and identify issues related to Supply Chain functions.
• Assists in the process of analysis and redesign of current operational procedures.
• Research, read and understand rebate related sections of contracts and apply to rebate transactions.
• Prepare, analyze, research and report on assigned areas.
• Prepare presentations and for Supply Chain leadership summarizing operational/financial results and trends.
• Create relevant work papers, schedules, dashboards, and reconciliations.
• Works closely with Sentara colleagues in different departments across the system.
• Establish a system to capture and report key metrics for assigned areas of responsibility.
• Demonstrates understanding of accounting and account reconciliation.
• Assist in the process of analysis and redesign of current operational procedures as needed.
• Ability to communicate financial information related to rebates and payment assurance program.
• Ability to determine next steps to follow until the related issue is resolved.
• Provides support for internal and external regulatory and reporting requirements.
• Assist with ad hoc financial analysis.
• Gather and analyze data in support of projects assigned and proposed solutions; assists with special analysis and projects as requested.

Hybrid schedule, Sentara Park (Virginia Beach)

Potential Remote opportunity will be considered for strong candidates

Education

• Bachelor Level Degree Required

Certification/Licensure

• No specific certification or licensure requirements

Experience

• 5 years related experience/business acumen
• Strong Independent worker
• Analytical support for supply chain
• Understanding of contacts, application of rebate transactions
• Creative Thinker
• Strong attention to detail
• Excellent written and verbal skills

We provide market-competitive compensation packages, inclusive of base pay, incentives, and benefits. The base pay range for full-time employment is $92,768.00 - $135,782.40 annually. Additional compensation may be available for this role, such as shift differentials, on-call pay, shift premiums, extra-shift incentives, or bonus opportunities. Compensation within the range may vary based on qualifications, experience, location, market conditions, and business needs. Note: If an annual salary is posted, it is based on a full-time colleague working 2,080 hours annually. Sentara offers a comprehensive benefits package, including medical, dental, vision, life and disability insurance; 401(k)/403(b) with employer match; paid time off (vacation, sick time, and holidays); paid parental and military leave; educational assistance or student loan repayment; and voluntary benefits.

Benefits: Caring For Your Family and Your Career

• Medical, Dental, Vision plans
• Adoption, Fertility and Surrogacy Reimbursement up to $10,000
• Paid Time Off and Sick Leave
• Paid Parental & Family Caregiver Leave
• Emergency Backup Care
• Long-Term, Short-Term Disability, and Critical Illness plans
• Life Insurance
• 401k/403B with Employer Match
• Tuition Assistance – $5,250/year and discounted educational opportunities through Guild Education
• Student Debt Pay Down – $10,000
• Pet Insurance
• Legal Resources Plan
• Colleagues have the opportunity to earn an annual discretionary bonus if established system and employee eligibility criteria is met.

Sentara Health is an equal opportunity employer

and prides itself on the diversity and inclusiveness of its close to an almost 30,000-member workforce. Diversity, inclusion, and belonging is a guiding principle of the organization to ensure its workforce reflects the communities it serves.

In support of our mission “to improve health every day,” this is a tobacco-free environment.

For positions that are available as remote work,

Sentara Health employs associates in the following states:

Alabama, Delaware, Florida, Georgia, Idaho, Indiana, Kansas, Louisiana, Maine, Maryland, Minnesota, Nebraska, Nevada, New Hampshire, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.