Finance Associate

Job Description

Job Title:Finance Associate–Cash Application (OTC)

Responsible for:

Take the ownership of cash application process which is involvesmatching incoming payments to their corresponding invoices and accounts. Check, ACH, wire and credit card payments are reviewed and then matched to open invoices and those invoices are marked as paid.Cash application is the final step of the order-to-cash process; it'swhen a company applies a payment to a customer's outstanding balance. Some may say it's the most important step because processing a payment signals the end of a successful sale.

Responsible to:MANDAR MANGRULKAR

Key Tasks and Responsibilities are defined as:

• Perform Cash Application, Clear On Account and Suspense Account items.
• Booking incoming payments & allocation to appropriate invoices
• Run daily bank statement
• Customer account reconciliation
• Ownership of entire receivables and identifying and implementing an effective collection strategy with collectors
• Recommend changes to process and systems that will minimize risk, improve performance and productivity.
• Solid understanding of finance and business.
• Additional tasks when required.
• Actively participate in training/meeting
• Organize priorities to meet deadlines, KPI, service levels and meet customer expectations
• Bank Reconciliation and expertise in preparation of MIS reports.
• Handling issues and errors independently, reporting as per schedule.
  Coordinate deployment
• Understand existing policies and procedures (process maps) and support in preparing as SOP’s as well as ensuring that SOP’s are always updated to ensure knowledge management
• Customer master data creation

Key Skills and Competences:

• Accounts Receivable’ experience
• Accuracy and attention to detail
• Drive for results - end to end ownership.

• Investigative problem solving abilities.

• Outstandingcustomer service: both external and internal customers.

• Familiar with MS Outlook & Internet..

• Methodical approach.

• Time management - ability to multi-task and priorities

• Team Player – works together with team members across various locations to achieve results and fosters teamwork.
• Good communication. Ability to communication confidently and professionally across all levels with internal and external contacts.

Health and Safety

• Recognise the importance of good health and safety practice.
• Ensure that working conditions and the use of resources satisfy current legislation,approved codes of practice and organisational requirements.
• Ensure accidents and near misses are reported.
• Ensure that potential or actual breaches of requirements are identified, properly reported and appropriate action is taken.

General

• Self-motivated, result oriented and attention to detail.
• Proactive, quick and self-learner.
• Customer Centricity.
• Organizational Agility and Business Acumen.
• Candidate must be flexible to support different geographies in terms of shift.
• Working knowledge in Netsuite and Mainframe is added advantage