Contract Analyst I

4 weeks ago

London, United Kingdom Auricoe Limited Full time

A market-leading innovative organisation requires a Recovery Audit Analyst to join their industry-leading team on a 100% homeworking basis.
The role focuses on performing recovery audits on Marketing / Media Agency companies. Assessing their supplier contracts and compliance to the financial terms & conditions of contracts utilising a customised audit methodology. Following, analysis and substantive testing of acquired relevant billing records and other backup data from the party under audit, you will be required to quantify any financial variances indicating actual or potential overcharging to produce a report for the organisation.
The role is a 100% homeworking position.
Ability to learn to confidently and diligently perform the complete audit process from start to finish (i.e. supplier/client engagement through to reporting and settlement of claims)
Draft end-of-project reports with autonomy for owned and delivered audits but also be a point of call for any QA for peer report reviews
Be aware of the importance of timeliness completion of each audit cycle and recognise scope/opportunity limitations and call these out pro-actively
Assess contract terms and conditions to identify and document contract risk exposures and areas of possible financial leakage/loss
Interview client key stakeholders regarding the terms of the agreement to determine contract intent.
Perform testing of both client and supplier transactional data to document and verify compliance to commercial terms.
Be able to understand, analyse and manipulate complex electronic data sets and be proficient with software such as Excel to identify discrepancies.
Prepare reports for Internal Management concerning scope of audit, issues found, recovery amounts, and recommendations for future improvements.
Skills & Experience - Recovery Audit Analyst
Minimum of 2 years of professional business experience and audit experience is desirable.
Commercial business acumen, with exposure to areas such as payroll; common business practices and contract language.
Previous experience in procurement, contracting or conducting vendor and supplier audits for contract compliance a plus.
Perform entry-level audit tasks with little supervision.
Identify ways to improve audit process and procedures related to own tasks.
For further details and to register your interest please apply by sending your CV for immediate review. Seniority level Mid-Senior level

Employment type Full-time

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