Accounts Receivable - Senior Process Executive

Fossil Group Hiring for Senior Accounts Receivable Roles | Bangalore Location

Company:

Senior Cash Application Specialist (611 years)

Key Responsibilities

Cash Posting & Application

• Oversee end-to-end cash application for global business units.
  
• Ensure accurate and timely posting of payments from bank transfers, lockbox, cheques, credit cards, and various customer portals.
  
• Handle complex allocations, multi-currency transactions, cross-entity postings, and high-volume cash flows.
  

Reconciliation & Exception Management

• Lead daily bank reconciliations and ensure all receipts are mapped accurately.
  
• Drive resolution of unapplied/unidentified cash within defined SLAs.
  
• Investigate root causes of cash posting discrepancies and implement preventive measures.
  

Customer Account & Stakeholder Management

• Maintain accurate customer account balances and ageing buckets.
  
• Collaborate closely with Collections, Billing, Customer Service, and Sales to resolve disputes affecting cash realization.
  
• Support month-end and quarter-end close requirements.
  

Reporting & Governance

• Prepare and review daily/weekly/monthly cash application KPIs and performance dashboards.
  
• Ensure strict compliance with SOX controls, audit requirements, and documentation standards.
  
• Contribute to AR reporting—aging, open items, deductions, and account reconciliations.
  

Process Improvement & Leadership

• Identify opportunities for automation, system upgrades, and continuous improvement in the cash application process.
  
• Standardize best practices and enhance process accuracy and efficiency.
  
• Train, mentor, and provide guidance to junior associates.
  
• Act as a subject matter expert (SME) for cash application within the AR team.
  

Required Skills & Qualifications

• Bachelor’s degree in Commerce, Finance, Accounting, or related field.
  

• 6–11 years of experience in Cash Application or O2C processes.

• Deep knowledge of AR, bank reconciliations, unapplied cash, remittance processing, and deduction management.
  
• Strong ERP experience (SAP strongly preferred).
  
• Proficiency in working with varied remittance formats, lockbox files, and banking portals.
  
• Excellent analytical, problem-solving, and communication skills.
  
• Ability to handle complex accounts, multi-entity structures, and large transaction volumes.
  

Why Join Fossil Group?

• Opportunity to work in a global organization with a strong brand presence.
  
• Dynamic, collaborative work environment.
  
• Excellent learning and career growth prospects.
  
• Competitive salary and comprehensive benefits package.
  
• Employee discounts on Fossil products and partner brands.