Cash Allocation Specialist
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Job Location:
Monthly Salary:
Posted on:
8 hours ago
Vacancies:
1 Vacancy
Job Summary
About Us
Location - Hyderabad India
Department - Finance Operations
Level - Executive
Working Pattern - Work from office.
Benefits -Benefits at Ideagen
DEI -DEI strategy
Salary - this will be discussed at the next stage of the process if you do have any questions please feel free to reach out!
Ideagen is seeking a highly motivated and skilledCash Allocation Specialist who will be responsible for ensuring accurate and timely application of customer payments to maintain up-to-date account balances. This role involves managing payment matching resolving discrepancies handling unallocated cash and supporting month-end close activities while ensuring compliance with internal policies and audit standards.
Responsibilities
- Daily Cash Application: Accurately allocate customer payments (bank transfers cheques credit cards) to the correct accounts and invoices; ensure timely posting to maintain accurate balances.
- Payment Matching: Review remittance advices match payments to invoices and resolve discrepancies promptly.
- Unallocated Cash Management: Investigate unidentified payments and collaborate with customers and internal teams to obtain missing details.
- Reconciliation & Reporting: Reconcile daily bank statements with AR transactions; prepare cash posting and aging reports for stakeholders.
- Customer & Internal Communication: Liaise with customers on unclear or short payments; work with collections billing and sales teams to resolve allocation issues.
- Adjustments & Corrections: Process write-offs refunds credit notes and adjustments in compliance with policies and audit requirements.
- System Maintenance & Process Improvement: Update ERP/finance systems and recommend process enhancements for efficiency.
- Audit & Compliance: Maintain accurate documentation for audits and ensure adherence to SOX controls and company policies.
- Month-End Support: Assist with reconciliations and ensure all cash is applied before financial close deadlines.
- Customer Experience: Ensure timely accurate postings to prevent disputes and maintain a clean AR ledger.
Skills and Experience
- Strong communication and interpersonal skills.
- Excellent problem-solving and attention to detail.
- Proficiency in Microsoft Office (Excel Word Outlook) and familiarity with accounting/ERP systems.
- Ability to work independently and manage multiple priorities.
- Knowledge of accounting principles billing procedures and collection regulations.
About Ideagen
Ideagen is the invisible force behind many things we rely on every day - from keeping airplanes soaring in the sky to ensuring the food on our tables is safe to helping doctors and nurses care for the sick. So when you think of Ideagen think of it as the silent teammate thats always working behind the scenes to help those people who make our lives safer and better. Everyday millions of people are kept safe using Ideagen software. We have offices all over the world including America Australia Malaysia and India with people doing lots of different and exciting jobs.
What is next
If your application meets the requirements for this role our Talent Acquisition team will be in touch to guide you through the next steps.
To ensure a flexible and inclusive process please let us know if you require any reasonable adjustments by contacting us at All matters will be treated with strict confidence.
At Ideagen we value the importance of work-life balance and welcome candidates seeking flexible or part-time working arrangements. If this is something you are interested in please let us know during the application process.
Enhance your career and make the world a safer place!
#LI-FullTime
Required Experience:
IC
Key Skills
- Sales Experience
- Crane
- Customer Service
- Communication skills
- Heavy Equipment Operation
- Microsoft Word
- Case Management
- OSHA
- Team Management
- Catheterization
- Microsoft Outlook Calendar
- EHS
