Financial Operations Analyst

1 month ago


Bengaluru, Karnataka, India INET EIT Services India P. Ltd [Formerly Hewlett Packard Global Soft India P] Full time

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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