Finance Associate

3 weeks ago

Pune, Maharashtra, India NielsenIQ Full time

Cash Application Specialist Job Summary

This role plays a pivotal part of the Cash Application and Collection team within Global Finance Operations at NielsenIQ. Reporting to the Cash Application and Collection Lead, the Cash Application Specialist will focus on accurate and efficient processing of client payments. This position is critical for maintaining the integrity of NielsenIQ's financial records, specifically within Accounts Receivable.

Key Responsibilities:

  • Payment Processing: Accurately identify, analyze, and process client payments, ensuring timely recording in financial systems. This includes manual handling of payments and following established procedures for processing payments.
  • Accounts Receivable Management: Maintain up-to-date records in NielsenIQ's Accounts Receivables to reflect current payment statuses, managing daily cash application of payments made to several bank accounts, and working closely with the finance team to reconcile accounts as needed.
  • Data Verification and Reconciliation: Perform regular audits and cash reconciliation processes of financial records to verify the accuracy of payment entries, using financial data to reconcile discrepancies in accounts. Communicate effectively with the collections team to obtain payment details from clients.
  • Cross-Departmental Collaboration: Work closely with Customer Service, Sales departments, and Treasury Associates to resolve payment issues, discrepancies, and inquiries from clients, ensuring a seamless flow of communication.
  • Reporting and Compliance: Assist in the preparation of financial reports related to Accounts Receivable, develop and monitor key performance indicators for the cash applications group, and ensure compliance with internal financial policies and external regulatory requirements.
  • Continuous Improvement: Contribute to the ongoing improvement of payment processing and Accounts Receivable management processes, including the suggestion and implementation of efficiency-enhancing measures. Perform other assigned tasks and duties necessary to support the Accounts Receivable Department.

About NielsenIQ

NielsenIQ is the world's leading consumer intelligence company. Delivering the most complete understanding of consumer buying behavior and revealing new pathways to growth, NielsenIQ is an Advent International portfolio company with operations in 100+ markets, covering more than 90% of the world's population.

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