Cash Application Specialist Job at Baxter (Kuala Lumpur)

Job Description

This is where your insights influence change. As a member of the Baxter Finance team, you have the critical thinking and analytical mindset that allows you to translate data into meaningful, actionable insights that help teams learn and adapt along the way. We guide our internal partners to understand financial opportunities or realities that move Baxter forward and closer to our mission to save and sustain lives. While you often work independently with your cross-functional team, you always have the greater finance organization to lean on for support and career mentoring.

Job Responsibility

Retrieve EFT, ACH payment information received and input and process remittances against customer accounts and invoices
Run/monitor the auto cash application routines
Accurately balance deposits received and accounts receivable in the ERP
Identify short-pays or discounts taken and request credit notes if applicable
Apply and record unapplied cash to customer accounts and monitor unapplied cash levels
Collaborate with the Customer or the Accounts Receivable team as necessary to ensure cash is appropriately applied to open invoices
Resolve issues associated with cash posting by working with both external and internal parties
Manage banking relationships for specific countries or customer groups within the area of responsibility, and collaboratively with the Treasury team responsible for banking relationships
Partner with Accounts Receivable and Customers to improve the information detail and quality of remittance advices to increase cash application accuracy
Develop an understanding of the technologies involved in the end to end process, and identify opportunities for improvement
Monitor cash application errors and automation exceptions and work with the Cash Application Team Lead and IT partners to eradicate the root cause of errors and improve the automation level of the cash application process
Facilitate any refunds due to client through ERP
Keep up to date and develop process specific competencies and technical skills
Support the continuous improvement projects as assigned by the Cash Application Team Lead

Requirements

Great communication skills
Problem solving skills
Highly organized
Ability to meet strict deadlines
Adaptable to new ideas and ways of accomplishing tasks
Ability to work in a team environment
Bachelor degree in Finance or Accounting
Minimum 1 year experience in SSC or similar corporate role
Proficient in using Microsoft Office suite
Functional knowledge of the accounts receivable processes

Nice to have

Experienced user of JDE and C2C Technology Cash Application module
Prior experience with ERP, cash application automation solutions preferred

What we offer

Support for Parents
Continuing Education/ Professional Development
Employee Heath & Well-Being Benefits
Paid Time Off
2 Days a Year to Volunteer

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Cash Application Specialist

Job Description

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