Sr. Deductions Specialist

Job Title

Sr. Deductions Specialist

Job Description

Senior Deductions Specialist

Your role:

• Accountable for reviewing any deductions or short paid invoices, identifying root cause, and collaborating with the internal department(s) to expedite dispute resolution
• Partner with clients and identify ways to better align Philip’s processes with the client’s processes to reduce future deductions, and create efficiencies overall
• Contact clients with past due balances, due to rejected deductions in the portfolio to obtain payment, payment commitment, and follow up on payment promises
• Assist the cash applications department with resolving payment application discrepancies ensuring adjustments are completed in a timely fashion
• Meet or exceeds targeted collections metrics, reducing past dues, bad debt reserve exposure, and other quantitative targets
• Support and develop accounts receivable lean process improvements

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You're the right fit if:

• Bachelor’s degree in Finance, Accounting, Business Administration, or other related field preferred
• 3+ years of related experience in the sphere, preferably in a shared service environment
• Experience with “Big Box Retail” deductions required
• Basic knowledge of accounting principles preferred
• Experience within the healthcare or medical manufacturing industry is beneficial
• SAP or Oracle accounting application experience preferred
• Knowledge or experience working with Excel specifically (Vlook up and pivot tables) and Outlook 2016 required
• Able to work independently; proactive and able to take the lead when needed.

US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa. 

Company relocation benefits will not be provided for this position. For this position, you will reside in or within commuting distance to Nashville, TN

About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help improve the lives of others.

• Learn more about our business.
• Discover our rich and exciting history.
• Learn more about our purpose.
• Read more about our employee benefits.

If you’re interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here.

Philips is an Equal Employment and Opportunity Employer/Disabled/Veteran and maintains a drug-free workplace.

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Philips is an Equal Employment and Opportunity Employer/Disabled/Veteran and maintains a drug-free workplace.