Payments Manager

Payments Manager

The Payments Manager is responsible for managing the university's payments function, facilitating the processing of payments to third parties totaling nearly $3 billion annually. The role is responsible for processing all payments activities for a wide variety of payments including supplier payments, taxes & garnishments, and fund investments in accordance with university controls and approved payment methods. The role will provide critical oversight of all payment activities to mitigate fraud risk and ensure accurate processing of all payments, particularly international payments including foreign currency conversions and interpreting / operationalizing foreign banking requirements.

The Payment Manager role will also be responsible for leading continuous improvement efforts to streamline payment operations in a rapidly evolving climate. The manager will also collaborate with key process partners, stakeholders and colleagues to formulate processes for effective resolution of one-time and emerging needs.

Benchmarking with peers and evaluating emerging digital payment options will be a vital aspect of this role.

In addition to payment processing, this role will have primary accountability for several regulatory processes including the 1099 IRS filing process as well as the escheatment process in several states.

Responsibilities

Payment Processing

• Generate, transmit, and reconcile all university check, wire and ACH payments on a daily basis
• Ensure all payments are booked timely and correctly to the general ledger
• Process payments for all card activities (T&E Card, P-Card & ePayables)
• Process foreign currency transactions ensuring conversions are calculated correctly and payments received
• Provide wire transfer confirmations to requesting departments, the Financial Service Center and suppliers.
• Review payments for appropriate supporting documentation
• Partner with the university's banks to resolve payment issues including funds not received, duplicated payments and payment reversals.

Tax Reporting

Payment Compliance and Reporting

Administrative

Qualifications

Essential Qualifications :

Preferred Qualifications :

Princeton University is an Equal Opportunity and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability status, protected veteran status, or any other characteristic protected by law.

The University considers factors such as (but not limited to) scope and responsibilities of the position, candidate's qualifications, work experience, education / training, key skills, market, collective bargaining agreements as applicable, and organizational considerations when extending an offer. The posted salary range represents the University's good faith and reasonable estimate for a full-time position; salaries for part-time positions are pro-rated accordingly.

If the salary range on the posted position shows an hourly rate, this is the baseline; the actual hourly rate may be higher, depending on the position and factors listed above.

The University also offers a comprehensive benefit program to eligible employees. Please see this link for more information.

Standard Weekly Hours

36.25

Eligible for Overtime

No

Benefits Eligible

Yes

Probationary Period

180 days

Essential Services Personnel (see policy for detail)

No

Physical Capacity Exam Required

No

Valid Driver's License Required

No

Experience Level

Mid-Senior Level #LI-NC1

Salary Range

$85,000 to $96,000