Description of the work done by the team
Recovery auditing – auditor works in systematic process of reviewing disbursement (Accounts payable) transactions and the related supporting data to identify and recover various forms of over payments and under-deductions to suppliers. In other words it’s the recovery of lost money
Detailed review of accounts payable data using in-house tools and doing research, analysis and review of documents from several different sources to finding out lost money for our clients.
Recovery audit is combinations of various audit claim concepts some of them like – Erroneous payments (duplicate payments), missed discounts, certain types of pricing errors, price protections, allowances etc.
Will report to
Lead Auditor- Projects
Reviews client information including vendor contracts and invoices, etc.
Demonstrate basic interpretive skills of emails/contracts/claim processes, data, etc.
Maintain and or exceed defined claim production targets
Must demonstrate the ability to analyze and tabulate claims data and accurately compile claim packets as directed
Must produce projectise claims timely in accordance with strict audit timelines
Must demonstrate the ability to make involved and varied arithmetic computations rapidly and accurately
Must produce complex claims timely in accordance with strict audit timelines
Produce high quality and well documented claims
Maintain and or exceed 90% first pass claims quality in the first 6 months on projectize audits
Claims accuracy including (formatting, presentation, grammar, spelling,) must meet or exceed acceptable standards
Must show the ability to improve future claims quality by the use of error analysis
Demonstrate the ability to upload claims accurately in Tools such as Claimtrax, CMS, Excel Claim Tool, CIP, etc.
Maintain and protect the confidentiality and integrity of the all data as per Data Protection Act
Other job related responsibilities may be assigned
May be asked to work either daily longer hours or on weekends to meet project deadlines as directed