This position is responsible for recovery audits in the Procurement and Accounts payable area. Here these auditors perform a secondary recovery audit that will identify losses across a comprehensive range of claim types. Job responsibilities are:
- Accounts payable audits and supplier statement audits to help identify and recoup duplicate payments, missed discounts, uncaptured vendor statement credits and more.
- Pricing and contract compliance audits that explore direct and indirect spend to ensure negotiated prices and terms are making their way to clients bottom line.
- Complete allocated audit assignments in a thorough and timely fashion. Assignments include complex duplicate payment review, statement review, contract audits, deal audits, buyer’s file audits, and research into a client’s systems or data in search for claim opportunities.
- Generate valid and fully researched claims that result in revenue.
- Go way beyond ERP based controls to catch and recover overpayments
- Prevent overpayments and fraud, improve S2P processes,
perform self-audits and make strategic decisions.
- Understand the logic behind most of the claim types and the arguments as to why the claims are valid.
- Follow the audit project instructions assigned by the Audit Manager while also reflecting on ways to improve the audit project’s scope and cycle time. Communicate these areas to fellow analysts and audit manager.
- Strong knowledge of RTP environment as a whole: Procurement services- Spend analytics, Pricing and contract compliance, AP process and systems, Freight processing etc...
- Understand the fields within the client data sets and the possible uses for locating and validating claims within that data.
- Understand the business rules and basic logic behind the record sets that are being reviewed. Also, knowledge of how to construct basic scoping documents for current qualified records.
- Communicate respectfully and professionally with all client and vendor pe