India - Receivables Executive

1 week ago

Chennai, Tamil Nadu, India Inchcape Shipping Services Full time ₹ 2,50,000 - ₹ 7,50,000 per year

Who are Inchcape?

At Inchcape, our vision is to have a connected world in which our customers trade successfully and make better decisions in every port, everywhere. We use technology and our global network to help our partners connect to a smoother, smarter ocean.

Inchcape combines its worldwide infrastructure with local expertise through our global network of over 250 proprietary offices across 70 countries and a team of more than 3,000 committed professionals. Our diverse global customer base includes owners and charterers in the oil, cruise, container and bulk commodity sectors as well as naval, government and intergovernmental organizations.

We have an ambitious growth model, and a career here is certainly going to be a rewarding one that will allow you to bring your skills & experience. We embrace change and are open to new thinking and pushing for positive change in our industry.

Job Purpose
Reporting to the Cash Application Supervisor, the role shall be primarily responsible for performing and/or overviewing all cash application activities concerning the region, ensuring standardized processes and procedures across multiple locations, in accordance with Group Standards.

Performing and overseeing the day-to-day tasks related to Cash Application to ensure all payments post accurately and timely to the customer's account on the A/R.

Duties and Responsibilities

  • Ensure all cash receipts are posted and applied accurately in the accounting system.
  • Ensure prefunding receipts are posted and applied to the correct appointment and cost allocation in the accounting system.
  • Promptly resolve any errors or queries raised for pre-funding postings.

Job Description

  • Prepare and circulate periodic reports relating to cash receipts and application.
  • In case of any difficulty in identifying the funds received, liaise with the operations/Global Receivables team to get correct and complete information.
  • Daily tasks of Cash Application Executive:
  • First thing in the morning send out individual emails for each receipt received into the Citi Bank and Local Bank accounts to individual country / Collection Team / Operations Team.
  • At noon send follow up email for any cash receipts missed in the morning.
  • Receive email back from Collection Team / Operations Team - if no reply received, continue following up by email / teams until the funds are identified.
  • Post the cash receipts into Dream.
  • Allocate the balances either in full or partially.
  • All Cash receipts must be posted by the end of the day.
  • At the end of the day, the respective Bank accounts must be reviewed & any unidentified funds must be emailed to the Manager.

Essential:

  • 2 to 5 years' experience in a Cash Application Department.
  • Prior experience in Credit and Collections or Accounting Department management role
  • Experience in working in a multi-national, multi-cultural organization
  • Excellent communication skills and a good command of the English language (oral and written)
  • Proficiency in MS Office Suite.
  • Bachelor's degree in accounting/finance.

Desirable:

  • Knowledge of shipping business / industry
  • Hands-on
  • Quick self- learner
  • Good motivational skills
  • Honest, transparent and trustworthy
  • Proactive, dynamic and innovative
  • Culturally aware and diplomatic
  • Accountability
  • Master's in accounting/finance.

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