Position Title: Cash Application Analyst
Position Summary: Responsible for daily Cash application & month/quarter/year end closing process with daily interaction with all stakeholders. Reconcile and research cash posting requests, customer account discrepancies related to customer short payments and deductions. Assist Team Lead in driving process improvement within the department to achieve business goals. Reports to the Team Lead- GFS Accounting.
Key Tasks And Deliverables
Job Description:
- Posting and recording of customer payments received from multiple lockboxes/bank accounts including checks, ACHs, wires and credit cards.
- Properly identifying customerâs remittance and posting payments to the correct account by invoice.
- Post & reconcile accounting entries for intercompany loan transactions and should have knowledge of audit methodologies to fully identify
- Analyzing cash activities & closely working with Credit & collection team
- Review and record daily cash posting (Vendor payments and customer receipts).
- Preparation and booking of monthly cash activities.
- Reconcile bank accounts and validate balances
- Close interaction with Americaâs Treasury department.
- Participate in cross-functional team projects.
- Transactional work with the Integrity Treasury cash management system
- Support internal/external customers by providing timely response to their queries.
- Build a good relationship with internal and external stakeholders.
- Ensure smooth month-end and annual close for AR
Key Relationships
- Financial Supervisor-Cash / IC.
- Credit & collection team
- Treasury team.
- Bank
Competencies
- Build strong relationships with internal departments and staff, and external service providers.
- Good understanding of intra-department functions and operations and the ability to work in a team environment
- Ability to prioritize work and manage time effectively in order to meet deadlines.
- Shares best practices inside & outside of core team.
- Identify challenges in attaining planned goals and recommend alternatives.
- Contribute to business progress through functional expertise.
- Analyze information and contribute ideas to decision-making processes.
- Compile and present information in a format that is effectively understood by others.
- Ensure high degree of reliability in delivering expected results and processing of cash transactions.
- Ensures timely and effective communication of issues and results to manager and team members.
- Exhibit a sense of urgency and responsibility for goal accomplishment.
- Strong analytical and problem-solving skills
- High level of competency with computer software including Microsoft Office and SAP.
- Excellent communication skill, both verbal and written
- Outstanding interpersonal skills with ability to interact effectively with all levels of management
Minimum Qualifications
- B.com (H) or equivalent
- 3 to 5 years of accounting/finance experience
- Good knowledge of accounts receivable process with an expertise in cash process.
Preferred Qualifications
SAP experience.
Chemical industry background
Additional Details
Disclaimer: We cooperate with carefully selected external vendors supporting us on specific employment opportunities. Momentive is not seeking or accepting any unsolicited assistance from search and selection firms or employment agencies at this time. Please do not contact any of our employees by phone, email or otherwise about this position. Please note that Momentive will not be obligated to pay any cost or fee for candidate resumes that are submitted without the existence of a valid written and signed search firm agreement.