Payment Specialist at Baxter International

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Functional knowledge of Accounts Payable processes, including Travel & Expenses
Good written and oral communication skills
Highly organized
Ability to meet strict deadlines
Excellent customer service skills
Bachelor’s Degree, preferably in Accounting or Finance, with two+ years of related professional experience or equivalent combination of education and experience
Experience in accounting and financial systems
Knowledge of Microsoft Office suite
Experience in interfacing with key stakeholders to resolve issues
Language skills as specified

Responsibilities

Ensure completeness, accuracy, and timeliness of payment activities from the generation of the payment proposal, the application and removal of payment holds through to the coding and release of the final payment file
Adhere to the documented payment controls
Ensure adherence to the defined controls, from the review of the payment proposal through to the release of the final payment file to the bank
Support manual payment activities as needed
Support the transition of additional countries into the Shared Service Center
Identify and present solutions for continuous process improvement
Review and propose changes to Accounts Payable policies and procedures as dictated by market and company changes and/or industry, in addition to changes in personnel, department practices and systems
Prepare payment proposals and process approved supplier and employee payments
Create forecast for the Treasury teams and other business functions visibility as required
Ensure correct cash flow management – no early payments without justification done
Review, troubleshoot and resolve bank reconciliation differences along with A2R teams in a timely basis
Review, troubleshoot and fix rejected & returned payments in a timely basis (within the same month)
Support Month End Close activities relevant to the payment team or the entire P2P function as required
Answer tickets coming from other teams about payment requests in a timely manner
Support auditing process / requests in a timely manner

Skills

Accounts Payable

Payment Processing

Bank Reconciliation

Cash Flow Management

Process Improvement

Treasury Forecasting

Payment Controls

Shared Services

Supplier Payments

Employee Payments

Baxter International

Provides essential medical products and services

About Baxter International

Baxter International provides a wide range of medical products and services essential for healthcare. The company operates in several areas, including critical care, hospital care, nutritional care, renal care, and surgical care. Its products are used in various settings, from emergency rooms to home healthcare, helping to meet the needs of patients and healthcare professionals. Baxter develops, manufactures, and distributes medical devices, pharmaceuticals, and biotechnology products, generating revenue through sales to healthcare providers and institutions. A key aspect that sets Baxter apart from competitors is its recent acquisition of Hillrom, which enhances its ability to offer comprehensive healthcare solutions. The company's goal is to improve care outcomes and increase access to healthcare through continuous innovation and a focus on patient needs.

Deerfield, IllinoisHeadquarters

1931Year Founded

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Parental Leave

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Commuter Benefits

Mental Health Support

Risks

Needle-free injection technology could disrupt Baxter's traditional injection-based therapies.

Shift to home healthcare may require Baxter to adapt its product offerings.

Growing digital health importance necessitates further investment from Baxter to stay competitive.

Differentiation

Baxter's acquisition of Hillrom enhances its comprehensive healthcare solutions portfolio.

Strong focus on patient-centric innovation sets Baxter apart in the healthcare industry.

Baxter's partnerships, like with Ayogo, leverage digital health for improved patient outcomes.

Upsides

Baxter's investment in Medically Home aligns with the growing home healthcare market.

Rising demand for personalized medicine offers Baxter opportunities for targeted therapies.

Expansion in telehealth supports Baxter's integrated healthcare solutions strategy.

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