cash application and allocation AnalystW. R. Grace

Job Description
Responsible for managing the cash application and allocation process. Applying hands-on experience in Cash Application and Allocation, Account Reconciliation and Customer Service issues and will be responsible for helping meet or exceed Cash Application targets. To provide support to the Cash Application and Allocation Supervisor.
Key Responsibilities (1 of 2)
Responsible for ensuring that cash application and allocation is completed in an accurate and timely manner.
Perform daily reconciliation of payment discrepancies and contacts Credit and Collection team for prompt resolution.
Investigate and coordinate any unidentified receipts to Credit and Collection, Treasury, Business and other relevant parties to ensure timely resolution.
Perform reviews of credit/debit memos, unauthorized deductions and other adjustments posted to customer accounts as well as verifying the proper offsetting of credit/debit memos and unapplied cash as authorized in writing by the customer
Perform subsequent clearing and posting as needed.
Prepare and post manual journal entries as necessary.
Perform monthly Cash GL account reconciliation.
Actively participate in monthly, quarterly and yearly closing activities.
Oversee the tracking, proper posting and offsetting of all prepayments on customer accounts.
Ensure compliance with Sarbanes-Oxley (SOX) controls in regard to cash application processes and procedures.
Drive process improvement within the Cash application scope.
Key Responsibilities (2 of 2)
Maintain confidential records of all AR/cash application transactions for audit compliance.
Research and respond to all inquiries concerning the function, account reconciliations, remittance advice/payment application and takes appropriate action.
Assist with quarterly and yearly audit by internal and external auditors.
Assist Cash Application and Allocation Supervisor with preparation and analysis of relevant reports such as Scorecard and other adhoc reports.
Actively participate in engagements with multiple stakeholders
Ensure compliance to on-going departmental goals and objectives and communicates progress through quantifiable measurements (i.e. DSO, deduction and aging analysis, past dues, bad debt recovery, and collection effectiveness index) on a monthly basis.
Supports the Global Credit Function to facilitate and participate in the order-to-cash function.
Prepare Daily Cash Summary report
Prepare and perform analysis of Unclaimed Property and Cash Summary for Corporate
Prepare Advance Refining Technology (ART) weekly and monthly cash balance report
Prepare and perform analysis of Unapplied and Shortpayment report
Qualifications
3+ years Cash Application and Allocation/ Revenue Chain experience.
BA/BS degree or any related Finance/Business equivalent preferred.
Strong customer service orientation, interpersonal, negotiation and analytical skills as well as demonstrated experience working effectively in a diverse and fast-paced environment.
Strong communication and presentation skills.
Ability to collaborate effectively across functional business organizations.
Professional Experience
Experience in Shared Services / Business Process Outsourcing industry, preferably with multinationals
Proficient in Microsoft Excel and Powerpoint to assist with various reports.
HiRadius Cash Application cloud, SAP & BW experience preferred.
W. R. Grace

Muntinlupa City, Metro Manila
Permanent
Full-time