Payment Verification Specialist
Core
Ensuring the accuracy, validity, and compliance of payment requests, vendor information, and supporting financial documentation before processing within the procure-to-pay process.
Role type
Payment Verification Specialist
Builds
Accurate and compliant payment transactions
Domain
Finance / Accounts Payable
Required skills
Review and verify payment requests and invoices, Validate vendor banking information, Investigate and resolve payment discrepancies, Collaborate with internal stakeholders and external vendors, Maintain vendor master data records, Identify and escalate potential fraud risks, Support audit requests, Monitor payment verification metrics
Preferred skills
Experience with SAP, Oracle, Dynamics, Knowledge of vendor master data management, Understanding of accounts payable and payment lifecycle processes, Experience performing compliance reviews and audit support, Familiarity with fraud prevention controls
Technologies
SAP, Oracle, Dynamics, Microsoft Excel
Responsibilities
Review and verify payment requests, invoices, and supporting documentation; Validate vendor banking information; Conduct quality assurance checks on payment transactions; Investigate and resolve payment discrepancies; Collaborate with Accounts Payable, Procurement, Finance, and other business stakeholders; Communicate directly with vendors regarding payment verification requirements; Maintain accurate and up-to-date vendor master data records; Identify and escalate potential fraud risks; Support audit requests; Monitor and track payment verification metrics; Ensure adherence to company policies and regulatory standards; Participate in process improvement initiatives; Assist with month-end and year-end financial processes.
Seniority
Entry Level