Executive - Cash Application and Credit Management

Company Description NEC Software Solutions (India) Private Limited  is based in Mumbai (Worli & Airoli) andBangalore with an employee strength of 1300+. It is one of the foremost providers of end-to-end IT services across various sectors. We work with diverse industry verticals whichinclude publishing, media, financial services, retail, healthcare and technology companiesaround the world. Our customers range from two-person startups to $bn listed companies. We have more than 30 years of experience in providing end to end IT services across theglobe and have earned a reputation for delighting our customers by consistently surpassingexpectations and helping them deliver robust, market-ready software products that meetthe highest standards of engineering and user experience. Supported by more than 1300exceptionally talented manpower, we are a hub for offshore support and technologyservices. Job Description Requisites     Education:     Postgraduate (B. Com/Honors) or a bachelor’s degree with relevant experience in OTC Operations.  Experience (years):     Executive - Graduate with 2 to 4 years of experience  Sr Executive – Graduate with 4 to 6 years of experience  Relevant Experience:     OTC or Accounts Receivable (Cash Application)  Location:     Mumbai (Airoli) and Bangalore  Working Hours:     8.5 hours/day (US Shift)  Role Summary:     Responsible for applying incoming customer payments to the correct invoices using ERP systems, ensuring financial records are up-to-date and reducing unapplied cash.  Manages discrepancies such as short payments, unidentified funds, and remittance mismatches, while reconciling customer accounts and supporting audit and compliance requirements.  Qualification Criteria/Work Experience     Essential:     Strong knowledge of Cash applications  Working knowledge of SAP Finance module   Experience in shared services/customer facing environment  Understanding of standard operating procedures  Knowledge of system, applications, operating tools, metrics and excel  Good communication skills, plus good verbal & written presentation skills  Good understanding of AR Cycle and credit Management process  Flexibility to work within a high growth, rapidly changing environment  Ability to self-motivate and initiate change  Ability to work with colleagues at all levels . Cash Application Responsibilities     Accurately apply customer payments to invoices using ERP system.  Retrieve and interpret remittance information from various sources (email, portals, bank files)  Investigate and resolve unapplied or unidentified payments  Analyze short payments and coordinate with collections or customer service for resolution  Reconcile bank statements with customer accounts to ensure accuracy  Update customer records with payment details, adjustments, and corrections  Generate daily/weekly/monthly reports on cash application performance and exceptions.  Ensure adherence to internal controls and audit requirements.  Support automation initiatives and suggest improvements to enhance efficiency  Investigate discrepancies and escalate unresolved issues to management or relevant departments.  Apply payments received in different currencies accurately  Ensure all payments are posted before closing deadlines and Support finance teams with reconciliations and reporting.  Provide documentation and data for internal and external audits.  Track and report on service level agreements and performance indicators  Drive improvements based on trends and gaps  Evaluate the creditworthiness of new and existing customers.  Analyze financial statements, credit scores, payment history, and market conditions.  Set appropriate credit limits and terms to minimize risk.  Continuously monitor customer accounts for overdue payments or changes in financial health.  Adjust credit limits or terms based on performance and risk.  Analyzing the credit limit of the customer based on the financial statements   Good Understanding about the dunning process for customer for different levels  Key Skills  Cash Application and Credit management  Accounts Receivable Ledger Management  Financial Accounting and Reporting  Advanced Excel and Spreadsheet Skills  SAP ERP and Accounting Software Proficiency  Team Player  Qualifications any graduate Additional Information NA