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Cash Application Analyst

Description


Join Reckitt and you will join a global CPG powerhouse, whose power brands hold No. 1 positions in seven worldwide market categories. We've built our success on a quick-thinking, fast-acting culture, so you can look forward to a role that will have a real impact in a business that continues to outpace the global markets.

 

Responsibilities

The Cash Application Analyst will work directly with the Cash Application Team Leader, as well as other department team leads and the AR & Compliance Manager, to ensure that cash receipts from customers are posted correctly and in a timely manner. This is a visible role which will have exposure to multiple departments within the company with potential for growth. The Cash Application Analyst responsibilities include, but are not limited to: 
•    Ensure the daily payments created by our third-party cash application processor (High Radius) are prepared correctly following our global and customer specific cash application rules. 
•    The review process for cash posting includes the verification that: 1) dollar amount posted matches the bank deposit; 2) invoices paid match with customer who made the payment; 3) correct reason codes assigned to deductions; 4) value of minor write offs are in line with global rules; 5) check #, receipt date and deposit date matches bank deposit; and 6) correct GL account was used.
•    Perform investigation of payments that could not be applied by High Radius due to incomplete remittance details.  
•    Confirm total daily payments posted reconcile with bank deposit.
•    Maintain cash summary logs and reports to be shared with management, for both US and Canada, and month-end AR reconciliations. 
•    Write off AR items that have been approved by finance and/or AR Manager. 
•    Research of payments when no customer can be identified. 
•    Assist the AR Management Team with SAP/HR implementations and other projects, as needed.
•    Assist the AR Department in improving the AR performance metrics and processes. 

 

Qualifications
•    Experience in cash applications and accounts receivable (2-4 years preferred). 
•    Experience in SAP (or other ERP systems) and third-party cash application cloud-based software processors (i.e., High Radius) is a plus.
•    Must be detail oriented and able to perform data entry with a very high accuracy level.
•    Strong analytical thinking and problem-solving skills are required. 
•    Proficiency in Excel and Word.
•    Strong administration and communication skills, both verbal and written, are required as well as the ability to work cross-functionally.  
•    Associate or bachelor’s degree in finance or accounting preferred but not required.
 

Equality

All qualified applicants will receive consideration for employment without regard to age, disability or medical condition; colour, ethnicity, race, citizenship, and national origin; religion; pregnancy, family status and caring responsibilities; sexual orientation; sex, gender identity, gender expression, and transgender identity; protected veteran status; size or any other basis protected by appropriate law. 


Nearest Major Market: Evansville

Job Segment: Medical, Healthcare

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