Cash Application Associate

2 months ago

Pune, India NielsenIQ Full time

Job Description

Position Summary:

At NIQ, the Cash Application Associate plays a pivotal role of the Cash Application and Collection team within Global Finance Operations, reporting to the Cash Application and Collection Lead, focusing on the accurate and efficient processing of client payments. This position is critical for maintaining the integrity of NIQ's financial records, specifically within Accounts Receivable. The Associate will identify and analyze payments, which may include manually processing transactions, to ensure that all payments made by clients are accurately recorded and reflected in NIQ’s financial records. This role requires a keen eye for detail, a strong understanding of financial processes, and the ability to work closely with other departments to resolve payment discrepancies and ensure financial compliance.

Key Responsibilities:

Payment Processing: Accurately identify, analyze, and process client payments, ensuring timely recording in financial systems. This includes manual handling of payments and following established procedures for processing payments. Accounts Receivable Management: Maintain up-to-date records in NIQ’s Accounts Receivables to reflect current payment statuses, managing daily cash application of payments made to several bank accounts, and working closely with the finance team to reconcile accounts as needed. Data Verification and Reconciliation: Perform regular audits and cash reconciliation processes of financial records to verify the accuracy of payment entries, using financial data to reconcile discrepancies in accounts. Communicate effectively with the collections team to obtain payment details from clients. Cross-Departmental Collaboration: Work closely with Customer Service, Sales departments, and Treasury Associates to resolve payment issues, discrepancies, and inquiries from clients, ensuring a seamless flow of communication. Reporting and Compliance: Assist in the preparation of financial reports related to Accounts Receivable, develop and monitor key performance indicators for the cash applications group, and ensure compliance with internal financial policies and external regulatory requirements. Continuous Improvement: Contribute to the ongoing improvement of payment processing and Accounts Receivable management processes, including the suggestion and implementation of efficiency-enhancing measures. Perform other assigned tasks and duties necessary to support the Accounts Receivable Department. Audit and Regulation: Engage with internal and external audit processes to ensure compliance and maintain effective and cooperative working relationships with all stakeholders. Proven technical knowledge of SAP with a track record of test scrip development, performing and managing a UAT process, migration and implementation.

Qualifications

Bachelor’s degree in finance, Accounting, or a related field; a CPA or equivalent certification is preferred. Minimum 2 years of experience in a finance or accounting role, particularly in cash applications or accounts receivable, is highly preferred. Technical Proficiency: Strong proficiency in financial software and Microsoft Office Suite, particularly Excel. Experience with ERP systems is a plus. Analytical Skills: Ability to analyze financial data and resolve discrepancies in payment records. Attention to Detail: Exceptional attention to detail and accuracy in handling financial records and processing payments. Communication Skills: Excellent communication and interpersonal skills to effectively collaborate with team members and communicate with clients. Time Management: Strong organizational and time management skills, with the ability to prioritize tasks in a fast-paced environment.

Problem-Solving: Proactive in identifying issues and resourceful in finding solutions

Additional Information

Our Benefits

Flexible working environment Volunteer time off LinkedIn Learning Employee-Assistance-Program (EAP)

About NIQ

NIQ is the world’s leading consumer intelligence company, delivering the most complete understanding of consumer buying behavior and revealing new pathways to growth. In 2023, NIQ combined with GfK, bringing together the two industry leaders with unparalleled global reach. With a holistic retail read and the most comprehensive consumer insights—delivered with advanced analytics through state-of-the-art platforms—NIQ delivers the Full View. NIQ is an Advent International portfolio company with operations in 100+ markets, covering more than 90% of the world’s population.

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Our commitment to Diversity, Equity, and Inclusion

NIQ is committed to reflecting the diversity of the clients, communities, and markets we measure within our own workforce. We exist to count everyone and are on a mission to systematically embed inclusion and diversity into all aspects of our workforce, measurement, and products. We enthusiastically invite candidates who share that mission to join us. We are proud to be an Equal Opportunity/Affirmative Action-Employer, making decisions without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability status, age, marital status, protected veteran status or any other protected class. Our global non-discrimination policy covers these protected classes in every market in which we do business worldwide. Learn more about how we are driving diversity and inclusion in everything we do by visiting the NIQ News Center: 

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