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Cash Allocation Specialist

Cash Allocation Specialist

Name: Jobpe
Address: T-Hub, Plot No 1/C, Sy No 83/1, Raidurgam panmaktha, Knowledge City Rd, Hyderabad, Telangana, 500081, IN
Telephone: +91-83339-09630
Price range: Free

Ideagen

2 - 5 years

4 - 7 Lacs

hyderabad

Posted:1 week ago| Platform:

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Skills Required

erp excel system maintenance talent acquisition process improvement reconciliation billing cash allocation cash management customer experience

Work Mode

Work from Office

Job Type

Full Time

Job Description

Salary - this will be discussed at the next stage of the process, if you do have any questions, please feel free to reach out!

Ideagen is seeking a highly motivated and skilled Cash Allocation Specialist who will be responsible for ensuring accurate and timely application of customer payments to maintain up-to-date account balances. This role involves managing payment matching, resolving discrepancies, handling unallocated cash, and supporting month-end close activities while ensuring compliance with internal policies and audit standards.

Responsibilities

Daily Cash Application:
Accurately allocate customer payments (bank transfers, cheques, credit cards) to the correct accounts and invoices; ensure timely posting to maintain accurate balances.
Payment Matching:
Review remittance advices, match payments to invoices, and resolve discrepancies promptly.
Unallocated Cash Management:
Investigate unidentified payments and collaborate with customers and internal teams to obtain missing details.
Reconciliation Reporting:
Reconcile daily bank statements with AR transactions; prepare cash posting and aging reports for stakeholders.
Customer Internal Communication:
Liaise with customers on unclear or short payments; work with collections, billing, and sales teams to resolve allocation issues.
Adjustments Corrections:
Process write-offs, refunds, credit notes, and adjustments in compliance with policies and audit requirements.
System Maintenance Process Improvement:
Update ERP/finance systems and recommend process enhancements for efficiency.
Audit Compliance:
Maintain accurate documentation for audits and ensure adherence to SOX controls and company policies.
Month-End Support:
Assist with reconciliations and ensure all cash is applied before financial close deadlines.
Customer Experience:
Ensure timely, accurate postings to prevent disputes and maintain a clean AR ledger.

Skills and Experience

Strong communication and interpersonal skills.
Excellent problem-solving and attention to detail.
Proficiency in Microsoft Office (Excel, Word, Outlook) and familiarity with accounting/ERP systems.
Ability to work independently and manage multiple priorities.
Knowledge of accounting principles, billing procedures, and collection regulations.

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Cash Allocation Specialist