Cash Application Specialist

Title :- Cash Application Specialist

Job location:

Job Summary:

To contribute to deriving operational excellence for SSC OTC by playing a key role in Offshore process Migrations, Month End Closing, Cash posting, Account Reconciliations creation and review

What We Offer:

• Competitive compensation Package aligned with market standards
• Shift Allowance: Competitive Shift Allowance
• Annual Incentive Pay to reward outstanding performance
• Two-way transport facility for convenient commuting
• Onsite canteen offering healthy and subsidized meal options
• Flexible PTO / Annual Leave program for work-life balance
• LinkedIn Learning Premium Access to support your growth
• Comprehensive Health & Accidental Insurance coverage

Essential Function 1: Process Operations

Cash Application Management

• Accurately apply cash receipts to customer accounts in a timely manner.
• Reconcile payments received with outstanding invoices and resolve discrepancies.
• Process and allocate payments from various sources (e.g., wire transfers, checks, ACH, credit cards).

Global and Regional Coordination

• Manage cash application processes for customers across multiple regions and currencies.
• Collaborate with regional finance teams to ensure consistency and accuracy in cash application practices.
• Address and resolve cross-regional payment discrepancies.

Customer Account Reconciliation

• Monitor and reconcile customer accounts to ensure accurate balances.
• Investigate and resolve unapplied cash, short payments, and overpayments.
• Work closely with the collections team to resolve payment-related issues.

Reporting and Analysis:

• Prepare and maintain accurate cash application reports for management.
• Analyze cash application trends and provide insights to improve processes.
• Support month-end and year-end closing activities related to accounts receivable.

Process Improvement:

• Identify opportunities to streamline cash application processes and enhance efficiency.
• Implement best practices and automation tools to improve accuracy and reduce manual effort.
• Train and mentor junior team members on cash application procedures.

Compliance and Controls:

• Ensure compliance with company policies, accounting standards, and regulatory requirements.
• Maintain strong internal controls over cash application processes.

Essential Function 2: People Aspects

• Participate in weekly team meetings
• Team oriented and process driven. Proactive and one team attitude
• Share and assist Team manager on building lean culture in the team, for efficient service delivery
• Perform and ensure smooth month end close and reporting for assigned entities

Essential Function 3: Stakeholders /Cross Functional Relationship Management

• Maintain positive & strong work relationships with cross functional teams and respective stakeholders.
• Establishing and maintaining strong, collaborative relationships with internal and external customers.
• Interface with other SSC teams to ensure compliance with cross-team responsibilities

Qualifications

• Education: Accounting education Must; any degree in accounting B. Com / M. Com / MBA
• 5+ years experience in Order to Cash Application process.
• SAP FICO Closing and Reporting Experience is MUST.