Financial Operations Analyst
1 month ago
Cash Application Job Description
Scope:
As a Cash Application Specialist at INET EIT Services India P. Ltd [Formerly Hewlett Packard Global Soft India P], you will be responsible for posting and clearing DXC's cash received for DXC Customers' Trade AR, complying with DXC's processes and procedures.
The Cash Application Consultant will:
- Download the bank statements from the bank portals and upload them daily and timely on the sharepoint for Collectors' visibility.
- Post all payments received in the same day and apply invoices applied in the next day. All the posting and applications will be done in a compliant way as per the processes and procedures.
- Send regular reports of Unapplieds and Unknown Cash to ensure they get closed in 48 hours. Ensure all payments are posted with the required document type and posting key.
- Book all write offs in the correct GL with the right reason code and subsequent approvals. Provide proactive and clear communications towards the internal partners focused on solutions and improvements.
- Use the existing automation and work with the team on how to address the existing challenges. Example: Minimize the human touch as much as possible on every single activity whether is downloading statements, posting payments, clearing, processing write offs, sending unapplieds lists etc
- Complete the monthly reconciliation in the Cadency Finance tool and work with the different internal partners to document everything accordingly.
Extra Activities:
- Support the Project team in case of a change to a different Cash App and Collections system by providing feedback/ getting involved in testing/ regular communication etc Support any testing needed in case of announced divestitures or spin off.
- Work with the P&C Team/ BoT on any process changes to gain efficiency
- Support the team with the required back up during the colleagues' leaves
- Support any country/ statutory Audit Train newcomers
Required Skills:
- Economical background/ Finance or O2C work experience (Billing, Collections, Cash Application or Structure Set Up)
- Good level of English is a must
- Excellent attitude towards learning and self-development
- Ability to work under pressure during month ends
- Excellent communication skills and team spirit
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