Senior Process Associate - OTC

Job Description

The Order to Cash (OTC) Senior Process associate will be responsible for Cash Application function in performing timely and correct booking of subledger of all payments received, apply payments against invoices as per remittance details, booking adjustments for discounts ,refund and cash in advance Main Accountabilities Timely and correct booking of all payments received in bank. Apply Payments against invoices as per the remittance details provided by the client Booking adjustments for discounts ,refund and cash in advance cases as well as accounting entries for provision for doubtful debts during month close Credit review, new customer setup or customer change process, shipment release Regular clearing of advances against the invoice Knowledge of billing, issue credit/Debit Note Review claim process Follow-up with sales/execution team for remittance details, if required Timely clearing of sub-ledger, follow-up on old aged items with different teams Provide details to accounting team regarding customer advances Complete various reports on time with accuracy Meet SLA and KPI target each month. Additional responsibilities: Resolve queries within defined timelines Identify ideas for process improvement utilizing industry leading practices Handle exceptions generated, perform root cause analysis to resolve current issues and act proactively to avert potential issues in future Provide all information, documents and reports for audit. Post the audit; take steps as per corrective action plan drafted by the Team Leader. File and archive relevant documents Knowledge and Skills Behavior Improve Bunges outcomes by making data-driven decisions, keeping the customer at the forefront of all they do, and proactively gaining insight into the global strategy. Collaborate, effectively communicate with others and take initiative to continually develop themselves. Pursue opportunities to solve problems and take action while maintaining the ability to manage work, even in times of challenge or change. Technical Ability to provide high quality level of customer service for Counterparty credit risk assessments & reporting. Ability to work independently, efficiently and deliver high quality output under time pressure. In depth knowledge of Counterparties assessment and due diligence Good knowledge of concepts and procedures related to Counterparty credit risk assessments & reporting. Experience in SAP and workflow tools Education & Experience 2 - 3 years of work experience in a similar role Experience in Agribusiness/Commodity trading industry preferred Minimum Education Qualification - Graduation or higher Good knowledge of concepts and procedures related to Cash application Ability to work independently, efficiently and deliver high quality output under time pressure Good communication & Interpersonal skills to work effectively with internal/external teams across the Globe. Strong problem solving & organization skills Develop knowledge of the business, Accounting systems, Reconciliation policy, Finance Control standards and Quality Framework and ensure compliance with these Excellent computer skills and competency in Microsoft Office (Word, PowerPoint, Excel, Outlook) Experience in ERP/ Accounting systems (SAP) will be added advantage Strong Team Player