Sr Executive

Job Description - 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. 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 - 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 - Education: Postgraduate (B. Com/Honors) or a bachelor s degree with relevant experience in OTC Operations. - Experience (years):Sr Executive Graduate with 4 to 6 years of experience - Relevant Experience: OTC or Accounts Receivable (Cash Application)