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I2C Cash Application Analyst

4 months ago

Pune, India AkzoNobel Full time

About AkzoNobel

Since 1792, we’ve been supplying the innovative paints and coatings that help to color people’s lives and protect what matters most. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and use our expertise to sustain and enhance the fabric of everyday life. Because we believe every surface is an opportunity. It’s what you’d expect from a pioneering and long-established paints company that’s dedicated to providing sustainable solutions and preserving the best of what we have today – while creating an even better tomorrow. Let’s paint the future together.

 

For more information please visit www.akzonobel.com 

 

© 2024 Akzo Nobel N.V. All rights reserved.

Job Purpose
  • Cash booking and application for payments received in accordance with defined SLAs and policies.
  • Resolution of unidentified and unapplied cash through effective coordination with various finance functions
  • Ensure adherence to defined SLAs & KPIs
  • Investigate reasons behind low ‘auto cash applications and work with IT and Global Process Champions to resolve the same
  • Resolve bank reconciliations issues
Key Accountabilities

Stakeholder management

  • Actively co-ordinate with Collections for resolution of UAC and UIC
  • Timely submission of required and agreed reports to stakeholders
  • Actively work and support Global Process Champion  for Cash Applications to improve processes
  • Actively participate in Continuous Improvement initiatives and meet defined targets

 

Execution of activities

  • Daily cash application as per the agreed SLA based on bank statement received
  • Supporting Cash GL closing timelines on Month end specially
  • Managing the expectations of Credit & Collections team and handling their queries efficiently
  • Ensuring completeness of SOPs and exception trackers
  • Ensuring compliance to SOPs and Cash Application policies.
  • Bank reconciliation to be performed on time without any deviation or exception.
  • Daily/Weekly/Monthly MIS reports should be circulated on time.
Education

Essential Experience

  • Cash Application of minimum 2 years is a must
  • Knowledge of various payment modes like – Direct Debits, ACH, Wire, Cheques etc
  • Basic Accounting Knowledge (understanding of AR Journal Entries)
  • Basic knowledge of Excel and other MS Office tools is a must. Candidate should know how to create pivots, formulaes like vlookup/hlookup etc

 

Desirable Experience

  • Experience of other sub processes within Order to Cash Cycle will be an added advantage

 

Knowledge Skills

  • Fluent in written and spoken english
  • Analytical bent of mind
  • Time Management - able to set priorities and work independently

At AkzoNobel we are highly committed to ensuring an inclusive and respectful workplace where all employees can be their best self. We strive to embrace diversity in a context of tolerance. Our talent acquisition process plays an integral part in this journey, as setting the foundations for a diverse environment. For this reason we train and educate on the implications of our Unconscious Bias in order for our TA and hiring managers to be mindful of them and take corrective actions when applicable. In our organization, all qualified applicants receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age or disability.

Requisition ID: 41950