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Clinical Payments Analyst

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Abbott

1mo ago

  • Job
    Full-time
    Mid Level
  • Accounting & Tax
    Healthcare
  • Los Angeles

AI generated summary

  • You need 1-3 years in finance/accounting, 1-2 years in invoicing, experience with automated systems, strong Excel skills, and a Bachelor’s degree. SAP and SQL experience is a plus.
  • You will manage clinical study budgets, process invoices, resolve payment issues, support audits, analyze payment data, and collaborate on system enhancements while ensuring confidentiality and adhering to procedures.

Requirements

  • Must have 1-3 years’ experience in finance/accounting.
  • Must have 1-2 years’ experience in invoicing.
  • Experience with automated accounting systems. Strong knowledge of relational databases preferred.
  • Demonstrated familiarity with MS Office, especially Word, and Excel.
  • Demonstrated oral and written interpersonal, communication, analytical, presentation, and organizational skills.
  • Ability to meet deadlines/work independently. Must be adept at handling multiple assignments in a timely manner and meeting assigned deadlines.
  • Strong analytic skills and demonstrated capacity for accuracy.
  • Ability to interact with people at all levels of the organization in a professional manner.
  • Ability to maintain confidentiality of sensitive information.
  • Ability to analyze processes and procedures and recommend improvements.
  • Prefer experience in a manufacturing environment and/or clinical research environment.
  • Use of SAP Enterprise Software highly desirable.
  • Experience with Microsoft SQL Server, Reporting Services, Analysis Services, a plus.
  • Equivalent education level and experience required: Bachelor’s degree in Accounting, Business Administration or Computer Information Systems.

Responsibilities

  • This position is responsible for various financial analysis activities for the Clinical Study Payments Team including but not subject to, new study budget review, study and site budget set up, invoice processing, customer service inquiries. It is also responsible for various reporting and month end activities.
  • Responsible for generating and processing clinical study invoices
  • Research payments issues for accuracy and presents findings to departments as necessary
  • Review contract and grant agreements for financial risk and billing issues
  • Assist in the facilitation of new study budget set up, quarterly payments, and special reports
  • Support internal and external audits by preparing and providing relevant reports and analysis
  • Special project analysis and support involving clinical study payment data
  • Work as a liaison with the Clinical Study Data Systems team for application enhancements
  • Provides input into how processes are developed and implemented with Clinical Payments Group
  • Performs analysis of clinical study payment data per defined requirements
  • Reviews, updates, and adheres to all Standard Operating Procedures
  • Promotes confidentiality of financial and other data at all times

FAQs

What is the required experience for the Clinical Payments Analyst position?

Candidates must have 1-3 years of experience in finance/accounting and 1-2 years of experience in invoicing.

Is experience with automated accounting systems necessary?

Yes, experience with automated accounting systems is required, and strong knowledge of relational databases is preferred.

What software skills are important for this role?

Demonstrated familiarity with MS Office, especially Word and Excel, is required. Experience with SAP Enterprise Software, Microsoft SQL Server, and Reporting Services is highly desirable.

What kind of educational background is needed for this position?

A Bachelor's degree in Accounting, Business Administration, or Computer Information Systems is required.

What are the main responsibilities of a Clinical Payments Analyst?

Responsibilities include processing clinical study invoices, reviewing study budgets, addressing payment issues, assisting with audits, and providing reports and analysis.

How is performance evaluated in this position?

Performance is evaluated based on the accuracy, timeliness, and completeness of assignments, with the potential for errors impacting team and organizational results.

Is previous experience in a specific environment preferred?

Yes, previous experience in a manufacturing environment and/or clinical research environment is preferred.

Will the Clinical Payments Analyst work independently?

Yes, the Clinical Payments Analyst must be able to work independently and meet deadlines while handling multiple assignments.

How is confidentiality maintained in this role?

The analyst is expected to promote the confidentiality of financial and other sensitive data at all times.

What type of team dynamics can be expected in this role?

The position involves interaction with various levels within the organization and working as a liaison with the Clinical Study Data Systems team for application enhancements.

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Abbott

Science & Healthcare
Industry
10,001+
Employees
1888
Founded Year

Mission & Purpose

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 113,000 colleagues serve people in more than 160 countries.

Benefits

  • Medical

    Our medical options provide employees and their eligible family members, including domestic partners, with extensive coverage and protection against major medical expenses. Coverage is available from the first day of employment. All of the options cover preventive care, inpatient and outpatient care, routine office visits, prescription drugs, physical therapy, home healthcare, mental health/substance abuse treatment and hospice care. In addition, our medical options offer numerous programs and services that can help employees improve and maintain their health, better manage illnesses and receive better value for their healthcare dollars.

  • Dental

    Our dental plan helps employees pay for the costs of dental care for themselves and their eligible family members. Coverage is available from the first day of employment. Participants may take advantage of reduced out-of-pocket costs when they use dentists in a nationwide network of participating providers. Our dental plan pays for preventive, restorative and surgical services, as well as orthodontia, at varying levels of coverage.

  • Vision Care

    With our vision care plan, we offer employees an affordable way to maintain eye health and receive discounts on eyewear. Coverage is available from the first day of employment.

  • Wellness Programs

    Our wellness programs and resources are designed to promote overall health and well-being: Seminars on stress and anxiety, personal and work relationships, meditation and mindfulness, healthy habits, and balancing work and family needs. Programs to encourage being physically active, eating healthier, managing health conditions, getting quality sleep, and becoming more resilient. On-site screenings and immunizations at some locations to promote prevention and early detection. On-site fitness centers at some locations that offer classes, fitness assessments and personal training. Health fairs, fitness events, steps challenges and exercise competitions