Cash Application Specialist

1 week ago


bangalore, India Oracle Full time
KEY OBJECTIVE • O2C team is accountable from the time an order is booked until invoices are created and receipt applied to the same. Its functions include Collections, Credits and Cash Applications. • Build credibility with stakeholders by virtue of addressing their challenges in quick time with appropriate solution.
Ensures that revenue is recognized in accordance with Corporate and SEC standards. Provides direction to sales organization prior to contracts being concluded.As a member of Revenue Accounting you will assist in the processing of revenue impacting adjustments and reconciling balance sheet account. Monitor revenue, reconcile receivables, and unearned accounts. Work with internal customers to resolve related revenue inquiries. Assist in facilitating the automation of current processes and procedures. You may participate in special projects.Duties and tasks are standard with some variation. Completes own role largely independently within defined policies and procedures. Strong analytical, prioritization and communication skills in partnering with other internal groups and management. Familiarity with Excel spreadsheets is essential. Familiarity with Oracle Financials is essential. 2 years accounting experience and BA/BS degree in Accounting or equivalent. Some positions need you to be bilingual in English and Spanish or Portuguese.
SPECIFIC RESPONSIBILITIES
Communicate process updates to team.
Allocating downloaded bank reports to self/team and applying them to invoices paid by customer.
Reducing unapplied cash on day to day basis.
Achieving KPIs allocated as goals (productivity, quality, unapplied cash, acquisition CIT, C-sat, etc)
Work on moving customers from Check to EFT payout methodology for a better customer experience.
Assist in account reconciliation queries with Sales/Collections/Customer/Cash Management & other stakeholders. Provide assistance in internal and external audits & provide support on audit requests
Responsible for processing refund requests and making general ledger adjustments.
Conduct in-depth research and analyze overpayment in resolving unapplied cash.
Provides administrative support for accounting functions including areas of general ledger, accounts payable, accounts receivable, fixed assets, and inter-company transactions.
Take personal accountability & ownership in resolving issues/challenges for customers (internal & external)
Strong delivery skills on handling specific projects / customer accounts / acquisition accounts / etc.
Ability to come-up with reporting basis strong analytical skills showcasing trends.
Downloading daily deposits from bank system for posting.
RELEVANT EXPERIENCE & TRAINING
Good communication skills (Written and Verbal) in English.
Should be open in making calls to customers when needed.
Overall experience of 5+ years with minimum education of graduation in Commerce.
B2B / B2C Cash Apps, Accounts Receivable, Accounts Payable experience is a must.
Well acquainted with MS Office (specifically Excel).
Open to working shifts.
COMPETENCIES
Communication (written & verbal)
Gains ‘win-win’ outcomes with colleagues or customers
Handles objections with authority and credibility
Demonstrates ability to influence without authority
Listens carefully and attentively to clarify and confirm understanding of others
Conveys information, thoughts, and opinions in a compelling manner, appropriate to the audience
Performance Drive
Perseveres to deliver against objectives and takes personal accountability for own performance
Knows what level of performance is expected and how to get support as required
Demonstrates attention to detail in all aspects of work
Acts with a sense of urgency and confidence to deliver quality work in a timely manner
Demonstrates resilience in the face of challenging situations
Delivers results while ensuring compliance with Oracle’s Code of Ethics and Business Conduct
Collaboration
Easily builds networks and rapport with diverse groups
Leverages unique talents and perspectives of all team members
Collaborates cross-functionally to deliver on shared objectives
Appropriately uses informal and formal networks to seek additional input, support and buy-in for plans/proposals
Demonstrates a willingness to place team goals before personal goals
Contributes to team progress and success
Competitive Edge
Demonstrates understanding of unique internal and/or external customer needs and how to meet them
Implements improvements in efficiency, effectiveness, and productivity
Values and explores ideas and suggestions made by others
Considers alternatives to existing assumptions, practices, and thinking
Change Agility
Positively influences others to adapt when faced with changing business conditions
Drives change skillfully; gains adoption from all stakeholders in a timely manner
Quickly recognizes situations or conditions where change is needed
Demonstrates resilience in times of change and uncertainty
Mastering Complexity
Makes decisions willingly, even when facing uncertainty
Develops and systematically evaluates alternative courses of action
Identifies solutions and evaluates consequences and impact of alternatives
Makes timely and effective decisions by assessing risk, evaluating alternatives, and applying judgment even with incomplete data
Functional Competencies
Cash Applications
Reconciliations
Risk Management

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