Experience- 4- 6 yrs
Working Hours:
8.5 hours/day (Singapore Shift)
Role Requirements:
This position currently requires Work from Home during Singapore Shift as per project needs.
The candidate must be flexible to travel based on business requirements during this period.
There may be a prepone in shift timing, which will be reviewed post-transition.
Following the transition, the role will shift to a Hybrid Work from Office model, in alignment with company guidelines.
Role Summary:
Responsible for applying incoming customer payments to the correct invoices using ERP systems, ensuring financial records are up-to-date and reducing unapplied cash.
Manages discrepancies such as short payments, unidentified funds, and remittance mismatches, while reconciling customer accounts and supporting audit and compliance requirements.
Essential:
Strong knowledge of Cash applications
Working knowledge of SAP Finance module
Experience in shared services/customer facing environment
Understanding of standard operating procedures
Knowledge of system, applications, operating tools, metrics and excel
Good communication skills, plus good verbal & written presentation skills
Good understanding of AR Cycle and credit Management process
Flexibility to work within a high growth, rapidly changing environment
Ability to self-motivate and initiate change
Ability to work with colleagues at all levels
Cash Application Responsibilities
Accurately apply customer payments to invoices using ERP system.
Retrieve and interpret remittance information from various sources (email, portals, bank files)
Investigate and resolve unapplied or unidentified payments
Analyze short payments and coordinate with collections or customer service for resolution
Reconcile bank statements with customer accounts to ensure accuracy
Update customer records with payment details, adjustments, and corrections
Generate daily/weekly/monthly reports on cash application performance and exceptions.
Ensure adherence to internal controls and audit requirements.
Support automation initiatives and suggest improvements to enhance efficiency
Investigate discrepancies and escalate unresolved issues to management or relevant departments.
Apply payments received in different currencies accurately
Ensure all payments are posted before closing deadlines and Support finance teams with reconciliations and reporting.
Provide documentation and data for internal and external audits.
Track and report on service level agreements and performance indicators
Drive improvements based on trends and gaps
Evaluate the creditworthiness of new and existing customers.
Analyze financial statements, credit scores, payment history, and market conditions.
Set appropriate credit limits and terms to minimize risk.
Continuously monitor customer accounts for overdue payments or changes in financial health.
Adjust credit limits or terms based on performance and risk.
Analyzing the credit limit of the customer based on the financial statements
Good Understanding about the dunning process for customer for different levels
Key Skills
Cash Application and Credit management
Accounts Receivable Ledger Management
Financial Accounting and Reporting
Advanced Excel and Spreadsheet Skills
SAP ERP and Accounting Software Proficiency
Team Player
Postgraduate (B. Com/Honors) or a bachelor’s degree with relevant experience in OTC Operations.
Excellent communication skills
