Analyst I, Cash Application/ Credits & Collections

Overview

Velocity Clinical Research is an owned and integrated research site organization, providing excellence in patient care, high quality data and fully integrated research sites. At Velocity, we align our values and behaviors to give our employees the best chance of delivering on our brand promise: to bring innovative medical treatments to patients. We are committed to making clinical trials succeed by generating high quality data from as many patients as possible, as quickly as possible while providing exemplary patient care at every step.

As an employee of Velocity, you are the most integral part of our mission. For talented candidates who perform at a high level, Velocity will invest to support career advancement and reward performance. Whether you are new to clinical research or are an industry veteran, we invite you to apply to Velocity.

Benefits include medical, dental and vision insurance, paid time off and company holidays, 401(k) retirement plan with company-match, and an annual incentive program.

Job Summary:

The Cash Application/Credit & Collections Analyst I supports applying payments related to the company's accounts receivable for Sponsors, Clinical Research Organizations, and other clients. This Analyst will ensure accurate and timely application of cash receipts and identify discrepancies.

Responsibilities

Duties/Responsibilities:

• Cash Application:
  • Process incoming cash receipts and apply them accurately to customer invoices and specific visits in the accounting system.
  • Ensure compliance with company policies and procedures while processing cash transactions.
• Customer Communication:
  • Communicate with internal stakeholders regarding payment details and payment discrepancies.
• Process Improvement:
  • Identify opportunities for process improvement within the cash application process to enhance efficiency and accuracy.
  • Recommend changes to streamline cash application procedures and minimize errors.
• Compliance and Documentation:
  • Ensure compliance with relevant financial regulations and company policies in all cash application activities.
  • Maintain accurate records related to cash application processes and transactions.
• Other duties as assigned.

Qualifications

Required Skills/Abilities:

• Strong cash application skills with keen attention to detail and accuracy.
• Proficiency in using accounting software (NetSuite) and basic Microsoft Excel.
• Excellent communication and interpersonal skills, with the ability to interact effectively with internal stakeholders.
• Proven ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.
• Team player demonstrating a high level of ownership.

Education and Experience:

• Associate degree or higher in accounting or equivalent years of experience in related field preferred.
• Two (2) years’ experience in cash application, accounts receivable, preferably in the healthcare or clinical research industry.

NOTE: The above Job Description is intended to communicate the general function of the mentioned position and by no means should be considered an exhaustive or complete outline of the specific tasks and functions that will be required.  Additionally, specific tasks and duties of the position are subject to change as the Company, the department and circumstances change.  All employees are expected to perform their duties within their ability as required by the job and/or as requested by management.