Auditor I Contract Compliance

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Overview of Cotiviti

Cotiviti is a prominent organization specializing in payment accuracy services for highly regarded companies within the healthcare and retail industries. They continuously seek innovative thinkers and problem solvers who are eager to contribute positively to improving client profitability. This commitment to quality highlights the company's emphasis on career growth opportunities within a collaborative environment.

Position Details

The position being offered is Auditor I - Contract Compliance. The primary role of the auditor involves auditing supplier billings to identify and quantify areas of financial non-compliance with contractual agreements. The work involves a detailed assessment of transaction data against relevant contract provisions, thereby investigating areas of apparent non-compliance. The outcome of verified financial non-compliance typically leads to cost recoveries and helps in identifying future savings through root cause analysis and recommendations for process improvements.

Responsibilities

The Auditor I will take on various responsibilities aimed at ensuring compliance and enhancing service delivery:

• Claims Identification and Support: The auditor will utilize their experience to perform essential audit procedures. This includes data collection and analysis of documents received from clients and their suppliers, ensuring accuracy in their findings.

• Communication of Results: It is crucial for the auditor to communicate the results of their analysis clearly, both in written and verbal forms, to all necessary personnel within the organization, including internal stakeholders, suppliers, and clients.

• Independent Work Balancing: The auditor is expected to work independently while managing multiple audit engagements simultaneously. This requires effective time management skills to ensure all projects progress toward completion timely.

• Utilization of Audit Tools: Proficiency in various audit tools is essential. This includes MS Excel and IDEA, where the auditor will perform data mining and analytics to verify and validate billing accuracy, ensuring compliance throughout the auditing process.

• Quality Standards Maintenance: The auditor must consistently produce high-quality work and implement self-check mechanisms to eliminate errors. Participation in peer reviews will be an integral part of maintaining quality standards across the auditing teams.

• Preparation of Audit Reports: Drafting and issuing audit reports summarizing audit activities and findings will be a significant part of the role. Clear, concise, and persuasive communication of these findings is necessary during presentations.

• Transaction Review: The auditor will need to have a strong aptitude for understanding contract language, identifying key financial provisions, and reviewing supplier data that supports invoicing.

• Professional Development: Participation in knowledge-sharing activities and training, as well as an initiative in learning new analytics tools, will be strongly encouraged to foster personal and professional growth.

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Required Skills and Qualifications

To be eligible for the Auditor I position, candidates must meet specific educational and experiential criteria:

• A Bachelor's Degree in Accounting, Finance, Economics, or Business Administration is required. A Master's degree in Accounting or Law is preferred.
• Candidates should possess two to four years of relevant experience in accounting, auditing, or data mining roles, or have a suitable combination of education and experience.
• Additional credentials such as a Master of Accountancy, CPA, CFE, CIA, CFF, or CISA are strongly favored.
• Proficiency in things like forensic accounting, advanced Excel modeling techniques, and data mining are seen as desirable skills for this role.
• Strong technical capabilities in Word, Excel, and PowerPoint are essential, along with familiarity with tools like IDEA and ACL.
• Excellent communication and project management skills are required to successfully carry out the responsibilities of this position.

Work Location and Conditions

The Auditor I role primarily allows for remote work. Candidates must be located within the continental United States. While most work is conducted from home, limited travel may be required on an infrequent basis. A dedicated work area with high-speed internet access is necessary to meet work expectations.

Salary and Benefits

• The base salary for this position ranges from $58,000 to $70,000 per year, influenced by factors such as experience, education, skills, and certifications. Candidates may also be considered for a 20% discretionary bonus in addition to their salary.
• Cotiviti provides a competitive benefits package addressing diverse personal and family needs. This includes medical, dental, vision, disability, and life insurance coverages, along with a 401(k) savings plan. Employees also benefit from paid family leave, nine paid holidays per year, and 17-27 days of Paid Time Off (PTO) annually, adjusted based on tenure.

Application Process

Candidates interested in applying for this position should note that applications are reviewed on a rolling basis. While the application window is expected to close on June 18, 2025, this could change based on the volume of applicants or potentially close earlier if a suitable candidate is identified.

This job offer was originally published on himalayas.app