Cash Application Specialist
- NCR Corporation
- 3 - 6 years
- Mumbai
- 2 months ago
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Job Description
Position Summary:
Cash Application Specialist plays a vital role within the Finance organization by ensuring accurate processing and reconciliation of incoming payments with outstanding invoices. This role is integral to the order-to-cash process, encompassing financial transactions, customer payment reviews, and close collaboration with collections teams for their designated Line of Business (LoB).
Role summary and Key Areas of Responsibility
- Responsible for accurately processing and reconciling incoming payments with outstanding invoices in financial transactions.
- Managing financial transactions, reviewing customer payment information, researching payment histories, and reconciling customer cash receipts
- Answering customer inquiries, processing receipt refunds, and improving processes
- Daily processing of cash receipts and postings to customer accounts, including check payments
- Identifying unapplied payments and handling bank fee charge-offs
- Maintaining records for auditing purposes, including remittances and bank statements taking active part of SOX reviews.
- Supporting management and addressing relevant issues related to cash receipts, applications, and collections.
- Actively working with Collections Analysts on specific portfolio of customers
- Collaboration with Cash Management to ensure timely reconciliation of bank accounts.
Skills and Qualifications needed to be successful in this role:
- Bachelors degree in business or related field
- Minimum of one year of experience as a cash application/collection specialist; or any equivalent
- Combination of acceptable training, education, and experience
- Must possess effective written and verbal communications skills.
- Should be able to demonstrate PC proficiency in MS Word and Excel as well as learn any corporate or industry software used by the position.
- Basic accounting skills required.
- Fluent in both written and spoken in English (Knowledge of foreign languages is a plus)
- Customer oriented
- Strong work Ethic
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Finance & AccountingRole Category: FinanceRole: Analyst - Financial Planning & AnalysisEmployement Type: Full timeContact Details:
Company: NCR CorporationLocation(s): Mumbai
Keyskills: Cash Applications Communication Skills Reconciliation
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NCR Corporation
NCR Corporation is a global leader in enterprise technology solutions, specializing in software, hardware, and services for industries such as banking, retail, and hospitality. The company provides point-of-sale systems, ATMs, self-service kiosks, and digital banking platforms that enable seamless c...
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