Cash Application Specialist

Philips

2 - 7 years

8 - 12 Lacs

chennai

Posted:1 day ago| Platform:

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Skills Required

erp sap claims coding focus reconciliation healthcare cash management customer service logistics

Work Mode

Work from Office

Job Type

Full Time

Job Description

Daily retrieval of bank activity (ACH, wire, lockbox and credit card) and ERP receipt activity and post payments to customer accounts
Daily posting of cash receipts as well as SAP coding of deductions taken, by customer, as per remittance detail provided by customer/collections team
Review of customer portal for remittance advice
Processing of clearing and offsets as approved by management
Review of accounts and presentation of offset proposals for Deductions Specialist review and approval
Follow up, with deductions Specialist, as necessary on unapplied cash
Requesting of Proof of Delivery (POD) from logistics partner(s)
Filing of initial claims with carriers when PODs do not support delivery
Compiling and uploading, in UDM, Bill Back packets which the Deductions Specialist provide customer in support/collections of shortage claims
Pull debit memos relating to Trade (advertising) for review, upload and clearing via Image Silo
At end of each month, manual clearing of Trade deductions prior to month end close
Creation of credit memos for pricing discrepancies
Daily and monthly reconciliations against monthly bank statements identifying and resolving reconciliation items on customer accounts
Manage the Unapplied Cash report and work with Collections to identify solutions to unreconciled cash items
Providing indirect leadership to cash applications, internal finance leadership and cross-functional business partners related to cash management best practices
Support and contribute to accounts receivable accounting lean process improvements
Drive improvements in process automation

Youre the right fit if:

Bachelor s degree or equivalent or vocational Education in finance, accounting, business administration, economics
Minimum 2 years to 5 Years of experience in Cash Application high volume environment; experience in Accounts Receivable Management and/or Collections is considered a plus
Experience in SAP system, knowledge of Autobank is considered a plus
Analytical skills, proficient in MS Excel
Fluent English - both written and spoken
Customer service focus
Determination to achieve excellent results
Possibility of shift work (preferably 2 PM to 11 PM and 12 Noon to 9 PM)

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