Cash Application Specialist
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Job Location:
Monthly Salary:
Posted on:
01-11-2025
Vacancies:
1 Vacancy
Job Summary
Job Title
Cash Application SpecialistJob Description
Job Title: Cash Application Specialist
Location: Chennai
Market: ISC (Indian subcontinent)
Shift: Regular
Mandatory Language: Fluent English and Hindi - both written and spoken
About the Job:
As Cash Application Specialist you will join Philips Accounting Operations team. On daily basis you will have a chance to take an active role in helping to form our new centralized cash applications team and the accounting and reconciliation activities that relate. This work all supports our existing team of Collections Specialists who are responsible for cash collections with a defined group of major/key customer accounts at Philips by maintaining excellent relationships with our customers internal finance leadership and cross-functional business partners.
Your role:
Daily retrieval of bank activity (ACH wire lockbox and credit card) and ERP receipt activity and post payments to customer accounts
Daily posting of cash receipts as well as SAP coding of deductions taken by customer as per remittance detail provided by customer/collections team
Daily and monthly reconciliations against monthly bank statements identifying and resolving reconciliation items on customer accounts
Process offsets to clear matched debits and credits on customer accounts
Manage the Unapplied Cash report and work with Collections to identify solutions to unreconciled cash items
Providing indirect leadership to cash applications internal finance leadership and cross-functional business partners related to cash management best practices
Support and contribute to accounts receivable accounting lean process improvements
Drive improvements in process automation
Youre the right fit if:
Bachelors degree or equivalent or vocational Education in finance accounting business administration economics
Minimum 2 years to 5 years of experience in Cash Application high volume environment; experience in Accounts Receivable Management and/or Collections is considered a plus
Experience in SAP system knowledge of Autobank is considered a plus
Analytical skills proficient in MS Excel
Fluent English and Hindi - both written and spoken
Customer service focus
Determination to achieve excellent results
How we work together
We believe that we are better together than apart. For our office-based teams this means working in-person at least 3 days per week.
Onsite roles require full-time presence in the companys facilities.
Field roles are most effectively done outside of the companys main facilities generally at the customers or suppliers locations.
Indicate if this role is an office/field/onsite role.
About Philips
We are a health technology company. We built our entire company around the belief that every human matters and we wont stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.
Learn more about our business.
Discover our rich and exciting history.
Learn more about our purpose.
If youre interested in this role and have many but not all of the experiences needed we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here.
#LI-PHILIN
Required Experience:
IC
Key Skills
- Laboratory Experience
- SQL
- Accounts Receivable
- .NET
- DICOM
- Cash Application
- Product Demos
- Sonography
- Customer Support
- Medical Imaging
- Technical Support
- Application Support
About Company
Philips has been revolutionizing lighting for over 125 years. We pioneered the world changing development of electric light and LED, and are now leading the way in intelligent lighting systems. Our deep understanding of how lighting positively affects people, enables us to deliver inn ... View more
