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The Cash Application Lead will ensure accurate cash records and assist the Collections team in reducing debt. The role requires a strong background in accounting principles, proficiency in SAP, and leadership skills. Responsibilities include auditing bank deposits, preparing AR dashboards, and ensuring compliance with SOX controls. A graduation degree in Commerce or an MBA in Finance is required.
Job Responsibility:
Audit/check and verify daily Bank deposits
Preparation of Monthly AR Dashboard and review meeting with leadership
Assist in forensic analysis of aged items and on-account payments to ensure open items are identified and closed out
Interaction with stakeholders and rectification of all issues raised
Utilize available internal and external software and hardware tools to maximize productivity while maintaining transaction integrity
Able to analyse variance in customer ledger posting & bank discrepancies
Timely review of audit queries and process overview sessions with auditors
Continuous process improvements for cash applications
Meet Cash Application KPI’s
Day to day processing/review/quality check of cash received to appropriate clients and invoices
Expertise in Month end close activities and Sub Ledger Vs. GL Reconciliations
Good knowledge of MS Word and MS Excel
Provides support and written documentation as required to support cash application for SOX controls and audits
Requirements:
Graduation in Commerce, MBA - Finance or equivalent combination of education in finance domain
Requires 5+ years relevant experience
Responsible for accounting analysis, reports, and projects
Reviews journal entries including supporting documentation to ensure accurate reporting
Provides suggestions for improving processes performed within the team
Proficiency with Office software
Outstanding leadership and managerial skills
ERP – SAP (Mandatory)
Reviewing BRS
Solid knowledge of relevant accounting principles (i.e. GAAP)