Cash App Specialist

Job Description

Job Purpose The Cash Application Specialist will be supporting accurate and timely completion of cash applications activities and maintaining cash applications records for the company. This will include matching payments to the appropriate remittance information and tracking cash receipts and aging reports. You are expected to have sufficient knowledge of associated regulations and internal financial controls to complete these activities. You will report directly to the Global O2C Delivery Lead and work closely with the team to ensure accurate and timely delivery of accounts receivables (AR) activities for 12 months contract. Job Overview Key Responsibilities Administer AR transactions including processing invoicing, memos, collections, cash applications. Post AR activity to the general ledger Maintain AR ledger, reconcile transactions and resolve discrepancies Apply cash remittance and credits/adjustments Maintain bad debts and allowances Prepare AR reporting Raise any issues or queries requiring judgement and expertise to Global O2C Delivery Lead Support Global O2C Delivery Lead and Credit Controllers with information needed to respond to requests from regulatory authorities and auditors Perform prescribed cash application activities within defined AR and revenue policies and ensure all cash applications adhere to them Ensure cash applications activities prior and during period end close are compliant with fiscal close calendar, ensuring adequate time for collaboration with various teams impacted Ensure all O2C controls are adhered to and documented appropriately Apply knowledge to accurately record all cash application activities and maintain supporting documentation. Establish relationships and credibility within the team as well as other cross-functional teams Collaborate with Master Data team for required data points, best practices and standards and data issues Collaborate with other Shared Service Centre (SSC) process delivery teams to exchange information, as required, and support process improvement where dependencies may exist. Skills & Experience 2 years\u2019 experience in Cash Applications operations Strong English language skills Strong MS Excel skills with a proven aptitude to interpret financial data Basic knowledge of finance business processes, AR and revenue policies, and statutory accounting principles to ensure compliant SSC operations Ability to perform tasks independently with minimal guidance or direction Ability to apply concepts, methods, and terminology associated with generally accepted accounting practices/operations to new or ambiguous situations Ability to interact with company stakeholders to ensure a high quality of service, while balancing expectations and realisations Ability to work in a fast-moving environment with a proactive approach, accustomed to working towards tight deadlines whilst maintaining quality of work