Payment Applications AssociateContinental

Division
ContiTech
Job Description
Daily Reconciliation
>Reconcile all bank transmissions of lockbox/bank data daily to ensure all bank accounts are balanced to zero
>Provide a defined reason for the out of balance condition
Payment Applications
▪ Set up residuals according to the Residual Short Text Description Guide
▪ Print remit detail of the bank's remittance exceptions and resolve payment application issues.
▪ Apply and record "unapplied cash" to customer accounts. ▪ Retrieve remittance information from the AR Mailbox generic address, move it the appropriate customer folder, and apply to open receivables when the payment is received.
Retrieve EFT, ACH, wire remittance information received and input and process remittances against customer accounts and invoices. • Check and Monitor NSFs and refunds and coordinate this to the collector assigned
Documentation
▪ Audit back up of residual set up by Payment Application Associates to ensure accuracy and completeness in the absence of Accounts Receivable Team Lead
▪ Forward documentation and data on unidentified deductions and overpays to the appropriate collector for resolution
▪ Forward audited residual back up and documentation to Residual Team
▪Prepare debit and credit memos as necessary to resolve tax exceptions and submit for approval
▪ Maintenance of AR
Mailbox ▪ Invoice Releasing
Reporting
▪ Month End Clearing Balance Report (FS10 screenshots of AR GLs)
▪ Prepare and send daily cash receipt reports
Offsets and Write Off
▪ Debit Credit Report Processing
▪ Run YRSI for any possible offsets
▪ Process Offset and Write Off Request sent to Offset Mailbox/Market
Job Category
Finance and Controlling
Job Requirements
Bachelors Degree or equivalent work experience
Experience in Payment Applications or any Order to Cash Processes
At least one year experience in BPO or shared services, preferred but not required.
About Continental
The Business Area ContiTech develops, produces and markets products, systems and intelligent components made from rubber, plastic, metal and textiles. These products are used in mining, the agricultural industry, railway engineering mechanical and plant engineering, the automotive industry and other important sectors of the future.
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Continental

Manila City, Metro Manila
Permanent
Full-time