Cash Application Specialist

1 day ago

Bengaluru, Karnataka, India beBeeCashApplication Full time ₹ 10,86,795 - ₹ 15,12,227
Job Title: Cash Application Specialist

We are seeking a detail-oriented and analytical professional to fill the role of Cash Application Specialist. As a key member of our finance team, you will be responsible for ensuring timely and accurate application of incoming payments to customer accounts.

  • Manage payment discrepancies and support cash reconciliation processes.
  • Collaborate with internal and external stakeholders to resolve issues.
  • Maintain up-to-date accounts receivable records and ensure compliance with financial policies.

Main Responsibilities

You will be responsible for:

  • Accurately post and allocate customer payments to appropriate accounts in ERP systems.
  • Process unapplied and unidentified payments, ensuring timely resolution.
  • Reconcile daily cash receipts with bank statements.
  • Investigate and resolve payment discrepancies such as short payments, overpayments, or deductions.
  • Collaborate with internal teams (e.g., PA, billing) and customers to address payment issues.
  • Document and escalate unresolved discrepancies as needed.
  • Assist in month-end close activities, including cash reconciliation and reporting.
  • Generate and analyze accounts receivable reports to identify trends or irregularities.
  • Support audits by providing relevant payment and cash application records.
  • Identify opportunities to improve cash application processes and contribute to the implementation of best practices.
  • Work with IT and finance teams to optimize system functionalities for cash application.
  • Act as a point of contact for customer payment inquiries and related issues.

Requirements

To succeed in this role, you should have:

  • Bachelor's degree in accounting/finance or equivalent relevant courses.
  • 4+ years of relevant professional experience in cash application.
  • Advanced knowledge and understanding of accounting standards and procedures and internal controls.
  • Proven experience as a cash applications or similar role.
  • Excellent skills in investigating/researching payment history/details.
  • Knowledge of billing procedures and collections.
  • Proficiency in MS Office and databases.
  • Comfortable working with targets.
  • Patient and able to manage stress.
  • Able to handle difficult or irate stakeholders.
  • Problem-solving skills.
  • Very keen to details.
  • Able to work independently and contribute to broader team objectives.
  • Able to multitask and manage time amid multiple deadlines.

About This Role

This is an exciting opportunity to join our finance team and play a crucial role in ensuring the smooth operation of our cash application processes. If you have a passion for finance and a keen eye for detail, we encourage you to apply for this position.

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