Accounts Receivable Specialist
: Job Details :

POSITION SUMMARY: This position is responsible for managing billing operations, ensuring accurate and timely reimbursements, and maintaining strong relationships with pharmaceutical companies. This role requires a comprehensive understanding of contracts and budgets, billing and collection processes, analytics, and excellent communication skills. In this fast-paced, dynamic environment, the ideal candidate will be required to exhibit leadership, dependability, organizational and time management skills, as well as advanced computer knowledge and skills. JOB TYPE: Full-time BENEFITS: 401K with company contributions Medical, dental, vision insurance Paid holidays and time off Performance bonus Salary is commensurate with qualifications and experience EDUCATION AND EXPERIENCE: B.S. or A.S. preferred Experience in accounting required Experience in billing and accounts receivables required An equivalent combination of education and experience, which provides proficiency in the areas of responsibility listed below may be substituted for the above education and experience requirements. KNOWLEDGE AND SKILLS: Fluent in English Excellent interpersonal skills. Ability to develop effective working relationships at all levels of the organization. Knowledge of basic accounting theory. Proficient in MS Outlook, Word and Excel. Proficient in QuickBooks (QB). Excellent organizational skills. Ability to work with minimum supervision. Ability to multi-task. Ability to work independently or function as part of a team. Ability to analyze and problem-solve. Meticulous attention to detail. Clear and concise verbal and written communications. ESSENTIAL FUNCTIONS: Review contracts and budgets to develop an understanding of services rendered and related billing claims. Review clinical trials events reported in the clinical trial management system (CTMS). Review available documentation and verify billing data for accuracy, including services provided, units billed, and applicable rates. Account for reimbursable vendor expenses. Ensure proper billing of expenses incurred and services rendered to meet contract requirements and maximize reimbursement. Generate and send accurate invoices to funding sources, such as Clinical Research Organizations (CROs) or pharmaceutical companies, based on contractual agreements and regulatory guidelines. Collaborate with clinical trial coordinators and or CROs and sponsors to resolve billing discrepancies and address documentation issues. Post and reconcile clinical trial payments and resolve billing / payment discrepancies. Monitor and reconcile accounts receivable aging, ensuring timely collection of payments. Implement effective collection strategies to minimize overdue accounts and improve cash flow. Maintain accurate and up-to-date records of billing and payment activities. Respond to billing inquiries and resolve billing-related issues in a professional and timely manner. Recommend process improvements, to ensure data integrity, and maintain compliance. Assist in the development and documentation of billing and reimbursement policies and procedures. Assist with the compilation of financial metrics relating to clinical trial activities. Assist with other job-related duties as requested or required. Employment Type: Full Time Years Experience: 3 - 5 years Salary: $42,500 - $60,000 Annual Bonus/Commission: Yes