Job Description
Global Third Party Management (GTPM) is a Business Unit within Corporate Finance that is responsible for providing enterprise wide procurement services, including governance and monitoring programs for all regions and countries where State Street Corporation conducts business. This role will support the Procurement team that is focused on managing and overseeing the Corporate Card, Payment Specialist and Triage Oversight, along with related program governance and oversight for the broader Procurement, Accounts Payable (AP) and Third Party Risk Management (TPRM) teams. This role will be responsible for providing operational support, oversight, reporting, data analytics and governance to support Procurement management to ensure all assigned business support actions are completed timely.
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Job Overview:
The BIP Payment Specialist will be responsible for negotiating and onboarding supplier partners Early Payment Discount, supporting Buyer Initiated Payments (BIP) payment solutions, ensuring accurate and efficient processing of transactions. This role involves working with multiple systems and platforms to process, monitor, and troubleshoot payments, as well as collaborating with Card provider, supplier partners other stake holders to enhance the overall spend on the BIP program.
Key Responsibilities:
Payment Processing: Handle daily BIP payment transactions and ensure all payments are processed accurately and on time.
System Management: Manage and monitor BIP payment systems, ensuring they operate smoothly and address any technical issues or discrepancies.
Reconciliation: Perform regular reconciliation of payment records, identifying discrepancies and working with appropriate teams to resolve issues.
Customer Support: Provide support to clients or business partners in resolving payment-related queries and issues.
Compliance & Risk Management: Ensure that all BIP payments comply with internal policies, regulatory guidelines, and industry standards.
Reporting: Generate and analyze reports on payment activity, trends, and performance metrics for internal stakeholders.
Process Improvement: Identify opportunities to streamline processes, reduce costs, and improve payment processing efficiency.
Collaboration: Work with cross-functional teams, including AP, operations, and customer service, to ensure smooth payment processing and address any operational challenges.
Spend Targets: Meeting annual spend targets by identifying and increasing the supplier base and spend on the BIP Program
Triage: Oversight and monitoring
Qualifications:
Education: Bachelor's degree in Finance, Business, Accounting, or a related field.
Experience:
10+ years of experience in payments processing, finance, or operations.
Previous experience with similar payment platforms is a plus.
Technical Skills:
Proficiency in payment processing systems and software.
Knowledge of Excel, data analysis tools, and reporting software.
Familiarity with BIP and financial transaction processing is beneficial.
Negotiating skills
Soft Skills:
Strong attention to detail and analytical skills.
Excellent communication and interpersonal skills.
Ability to work under pressure and meet deadlines.
Strong problem-solving abilities.
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