Cash Application Specialist

Job Title

Cash Application Specialist

Job Description

Job Title : Cash Application Specialist

Location : Chennai

Market : ISC (Indian subcontinent)

Shift : Regular

Mandatory Language : Fluent English and Hindi - both written and spoken

About the Job :

As Cash Application Specialist you will join Philips Accounting Operations team . On daily basis you will have a chance to take an active role in helping to form our new centralized cash applications team and the accounting and reconciliation activities that relate. This work all supports our existing team of Collections Specialists who are responsible for cash collections with a defined group of major / key customer accounts at Philips by maintaining excellent relationships with our customers internal finance leadership and cross-functional business partners.

Your role :

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

Daily and monthly reconciliations against monthly bank statements identifying and resolving reconciliation items on customer accounts

Process offsets to clear matched debits and credits 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 :

Bachelors 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 and Hindi - both written and spoken

Customer service focus

Determination to achieve excellent results

How we work together

We believe that we are better together than apart. For our office-based teams this means working in-person at least 3 days per week.

Onsite roles require full-time presence in the companys facilities.

Field roles are most effectively done outside of the companys main facilities generally at the customers or suppliers locations.

Indicate if this role is an office / field / onsite role.

About Philips

We are a health technology company. We built our entire company around the belief that every human matters and we wont stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.

Learn more about our business.

Discover our rich and exciting history.

Learn more about our purpose.

If youre interested in this role and have many but not all of the experiences needed we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here.

#LI-PHILIN

Required Experience :

IC

Key Skills

Laboratory Experience,SQL,Accounts Receivable,.NET,DICOM,Cash Application,Product Demos,Sonography,Customer Support,Medical Imaging,Technical Support,Application Support

Employment Type : Full-Time

Experience : years

Vacancy : 1