Financial Operations Specialist

Job Title: Financial Operations SpecialistKey Responsibilities:Cash application and allocation involves processing cash receipts, verifying accuracy of amounts received, and ensuring proper allocation to accounts.Understanding credit management includes analyzing customer creditworthiness, assessing credit limits, and making informed decisions regarding account approvals.Credit insurance and follow-up ensure that customers are adequately covered in the event of non-payment or default. This involves monitoring insurance coverage, renewing policies as needed, and communicating with customers regarding policy terms and conditions.Forecasting of cash flows enables accurate budgeting and financial planning by identifying trends, anticipating cash shortfalls, and implementing corrective actions.Order approvals involve reviewing and authorizing purchase orders, ensuring compliance with company policies and procedures.Monthly reporting provides insights into operational performance, enabling data-driven decision-making and continuous improvement initiatives.Effective written and verbal communication skills are essential for interacting with internal stakeholders, such as colleagues and management, as well as external partners and customers.Financial Operations Job Description:Invoice processing PO and Non PO requires attention to detail, ensuring accurate and timely processing of invoices, and maintaining records of transactions.Payment processing and banking involves managing payments, deposits, and withdrawals, adhering to regulatory requirements and company policies.Vendor query resolution ensures prompt resolution of vendor-related issues, maintaining positive relationships with suppliers, and minimizing disruptions to business operations.Employee expense processing involves reviewing and approving employee expenses, ensuring compliance with company policies and procedures.Statement reconciliation ensures accuracy and completeness of financial statements, facilitating reliable financial reporting and decision-making.Vendor clearing involves reconciling vendor statements, resolving discrepancies, and ensuring timely payment of outstanding balances.Regular monthly reporting provides insights into operational performance, enabling data-driven decision-making and continuous improvement initiatives.Hands-on working knowledge of SAP is required for efficient management of financial operations, including accounting, procurement, and supply chain functions.Financial Reporting Job Description:Journal entry processing involves accurately recording financial transactions, ensuring compliance with accounting principles and company policies.Balance sheet reconciliation ensures accuracy and completeness of financial statements, facilitating reliable financial reporting and decision-making.Month-end tasks and reporting require attention to detail, ensuring accurate and timely completion of financial close processes, and maintaining records of transactions.Fixed asset accounting involves tracking and depreciating fixed assets, ensuring accurate representation of assets on the balance sheet.Inventory accounting (limited requirement) requires maintaining accurate records of inventory levels, values, and movements.Standard costing (limited requirement) involves establishing and maintaining standard costs for materials and labor, enabling accurate pricing and profitability analysis.Good written and verbal communication skills are essential for interacting with internal stakeholders, such as colleagues and management, as well as external partners and customers.Hands-on working knowledge of SAP is required for efficient management of financial operations, including accounting, procurement, and supply chain functions.Requirements:Bachelor's degree in Finance, Accounting, or related field.Proven experience in financial operations, financial reporting, or related field.Strong analytical and problem-solving skills.Excellent written and verbal communication skills.Ability to work independently and collaboratively as part of a team.Proficiency in SAP or similar ERP system.High level of integrity and discretion when handling sensitive information.What We Offer:Competitive salary and benefits package.Opportunities for career growth and professional development.Collaborative and dynamic work environment.Recognition and rewards for outstanding performance.