Role Summary
The Cash Application Specialist is responsible for reviewing in the bank account the payments received daily, identifying which customer they belong to, applying them to the correct invoices, and informing the collections team about what is still pending while keeping excellent control of the records made in the system.
Responsibilities
Daily identification of payments received from customers in the portals or based on information provided by the Collections department.
Timely and accurate application of cash to customer accounts according to the established Accounts Receivable processes and procedures.
Maintain supporting documentation according to internal controls and SOX audit requirements as needed.
Prepare and ensure timely completion of month-end closing reports.
Provide operational help and guidance to team members, acting as the first point of escalation.
Training and mentoring of new and existing team members.
Active participation in transitions, projects,
process improvement initiatives, and audits.
Qualifications
Economics/Finance related Bachelor degree.
3-5 years relevant experience
Experience checking bank statements, allocating money and reconciliation.
Excellent verbal and written communication skills in English (Required)
Ability to build effective relationships with internal and external customers
Intermediate user of MS Office (Excel, Word, PowerPoint)
Knowledge and experience using ERP systems (e.g. Oracle, SAP)
Strong analytical research and problem-solving skills with keen attention to detail
Supportive attitude and good interpersonal skill set, teamwork is required
Used to changes and stepping out of the comfort zone.
Preferred
Continuous improvement mindset (LEAN Six Sigma is an advantage)