We are delighted to extend a job opportunity in a multinational corporation wherein you will be working in a culturally diverse setting on a daily basis. We are looking for a Cash Allocation Specialist plays a critical role in ensuring the accurate and timely posting of incoming payments to the appropriate customer accounts. This position is responsible for reconciling cash transactions, resolving discrepancies, reducing unapplied cash balances, and contributing to the efficiency of the cash allocation process.
Your responsibilities:
Booking of bank statements
Cash allocation of customer receipts
Performing cash applications against open items and reconciling accounts
Collection of remittance advises and performing allocation
Responsibility for not applied cash, GL account reconciliation
Coordinating accounts receivable month-end close activities and reporting
Supporting creation of the desktop procedures (DTPs) for the responsible area
Reconciling settlements and customer balances, close communication with collection team
Performing direct debit in the bank application
Answering mails and requests in the common mailbox
Preparation of weekly/monthly reports for logistic vendors collected cash
Weekly control of collected cash from logistic vendors
Communication with logistic cash vendors, lawyer and logistic in case of any control misstatement, preparation of supporting documents, cash agency contact.
Applies payments and contractual adjustments to accounts in an accurate and timely manner
To provide support to the team manager driving down unallocated cash and improve automation rates
Delivers a high quality and cost-effective service and oversees the process or part of cash allocation
Drives continuous improvement within the team
Participates in meeting service levels
Who we are looking for?
If you have 2-3 years’ experience in Finance and Accounting in cash area
If you have Min. Bachelor's Degree in Finance and Accounting / Economics or related fields
If you have ability to multi-task, prioritize, and manage time effectively
If you are self-driven, results-orientated person with a positive outlook and a clear focus on high quality and business profit
If you are understanding of accounting processes
If you have analytical skills and attention to details
If you are proficiency in English both verbal and written
It will be asset if you are proficiency in other European language (Czech, Slovak, Hungarian, Romanian, Polish)
If you have advanced knowledge of excel – experience in creating reports, pivot tables (macros nice to have)
It will be an asset if you have a Knowledge of JDE/Oracle
