Account Payable/Receivable Specialist
Overview
An established third-party administrator with over 44 years of experience in health and benefit solutions is seeking an Accounts Payable/Receivable Specialist. This role involves processing invoice payments, recording cash receipts, reconciling general ledgers, managing claim recovery payments, maintaining credit card processes, and performing other accounting tasks. The position requires interaction with employees, bank representatives, external vendors, and others as needed.
Responsibilities
- Manage deposit activities ensuring accuracy and timeliness
- Process accounts payable invoices and issue payments according to established procedures
- Prepare and post CMS and MW cash receipts
- Maintain and update prescription override fee schedules
- Process wire payments to vendors promptly
- Coordinate and execute FBO account transfers
- Support W-9 and 1099 processing and documentation
- Maintain and update various tracking spreadsheets and financial records
- Process credit card charges and employee expense reimbursements through the Concur system
- Monitor and maintain Santander Bank Positive Pay files to ensure fraud prevention compliance
Requirements
- High School Diploma or equivalent education
- Minimum of 2 years related experience
- Proficiency in Microsoft Office applications including Word, Excel, Outlook, and PowerPoint
Compensation & Benefits
- Medical, Dental, Vision, and Prescription Drug Coverage
- Fitness Reimbursement Benefit
- Employee Assistance Program
- Flexible Spending Account & Health Savings Account
- 401(k) plan with Quarterly Bonuses
- Generous Paid Time Off and Volunteering Opportunities
- Educational Assistance and Professional Development Opportunities
Location
This position is based at the Westborough headquarters, featuring an innovative, open, and collaborative workspace with amenities such as an onsite café, walking trails, and campus gyms. The dress code is smart casual, and ergonomic desks are provided to support employee well-being.