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Payment Application Specialist
2 weeks ago
FactSet creates flexible, open data and software solutions for over 200,000 investment professionals worldwide, providing instant access to financial data and analytics that investors use to make crucial decisions.
At FactSet, our values are the foundation of everything we do. They express how we act and operate, serve as a compass in our decision-making, and play a big role in how we treat each other, our clients, and our communities. We believe that the best ideas can come from anyone, anywhere, at any time, and that curiosity is the key to anticipating our clients' needs and exceeding their expectations.
Yours's Team Impact
FactSet is currently seeking a Payment Application Specialist to join our Finance Department at our Hyderabad, India office. This role requires a high level of enthusiasm, exceptional attention to detail, and a strong commitment to collaboration in resolving payment discrepancies. The ability to consistently meet daily deadlines is essential for success, as is maintaining a strong focus on accuracy and process quality.
What You'll Do
- Review and process Daily Bank Statements.
- Contact clients by email & phone to receive remittance information.
- Assist with special projects.
- This position will collaborate closely with the Payment Application Manager.
What We're Looking For
- Strong communication skills: able to clearly articulate ideas both verbally and in writing.
- Strong attention to detail ensures accurate processing and application of incoming payments.
- Analytical thinking: able to investigate and resolve payment discrepancies and unapplied cash.
- Proficiency with financial systems: experience with Microsoft Office Applications, and familiarity with Workday, Bank America Intelligent Receivables powered by High radius.
- Time management skills: able to manage high volumes of transactions under tight deadlines. Willingness and ability to work independently and remotely without a manager.
- Customer service orientation: communicates effectively with internal teams and external customers regarding payment issues.
- Problem-solving mindset: identifies root causes of payment mismatches and recommends process improvements.
- Integrity and confidentiality: handles sensitive financial data with discretion and professionalism.
- Team player: collaborates well with AR, collections, and finance teams to ensure cash is accurately applied.
- Experience into Payment application 3+ years.
- Any Bachelor's or Master's Degree but preferably Master.
Download bank statement(s) daily for various currencies. Research any items that have no remittance information.
Email client to request payment information.
Reach out to other teams to see if payments belong to their entities.
Data entry of bank statement payment details. Process payments into company Accounts Receivable systems. Update deposit tracking spreadsheet. Ensure that all details are updated daily & accurately. Month-End Adjustments & Reconciliations
What's In It For You
At FactSet, our people are our greatest asset, and our culture is our biggest competitive advantage. Being a Fact Setter means:
- The opportunity to join an S&P 500 company with over 45 years of sustainable growth powered by the entrepreneurial spirit of a start-up.
- Support for your total well-being. This includes health, life, and disability insurance, as well as retirement savings plans and a discounted employee stock purchase program, plus paid time off for holidays, family leave, and company-wide wellness days.
- Flexible work accommodations. We value work/life harmony and offer our employees a range of accommodations to help them achieve success both at work and in their personal lives.
- A global community dedicated to volunteerism and sustainability, where collaboration is always encouraged, and individuality drives solutions.
- Career progression planning with dedicated time each month for learning and development.
- Business Resource Groups open to all employees that serve as a catalyst for connection, growth, and belonging.
Learn More About Our Benefits Here.
Salary is just one component of our compensation package and is based on several factors including but not limited to education, work experience, and certifications.
Company Overview
FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to more than 8,200 global clients, including over 200,000 individual users. Clients across the buy-side and sell-side, as well as wealth managers, private equity firms, and corporations, achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized among the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees' Choice Award winner. Learn more at and follow us on X and LinkedIn.
At FactSet, we celebrate difference of thought, experience, and perspective. Qualified applicants will be considered for employment without regard to characteristics protected by law.
