Cash Application

Job Code # 46

Job Location-  Nagpur

Salary- 5 LPA to 9 LPA

Key skills-
a) Minimum 1 Year of OTC – Cash Application Experience
b) Any Commerce Graduate

Job Description-
• Directs the daily operations of the cash application department to ensure accuracy and timeliness.
• Ensures daily accurate and timely (within 2 business days of receipt) line item posting of payments received from the payers.
• Ensures timely daily resolution of any unidentified receipts.
• Ensures timely recognition of client issues and works with other departments, AP, Collection, Billing teams for providing immediate resolution.
• Ensures that a Daily Receipt Log for each client is maintained daily, balanced and accurate for weekly reporting to each client.
• Ensures that clients receive accurate and timely weekly reports.
• Handle and support team on month end activities. Working closely with Clients to ensure timely & accurate deliverables.
• Timely receipt of lockbox and/or seeks resolution to any issues relating to a client’s deposit.
• Ensures that processes/SOP are in place to identify payments received, Un-applied, On-Account and other activities.
• Oversees daily communication/Calls with clients & providing/sharing updates.
• Communicates with clients as necessary and resolving the queries. Questions asked.
• Supervises team members and help them with developing and attaining performance goals and objectives.
• Exploring upstream / downstream improvement opportunities by working with business partners and stakeholders.
• Demonstrated ability to meet deadlines while managing multiple improvement projects.
• Support the development of the end-to-end process design for the Cash application domain for the Core solution.
• Reconciliation of accounts, Unapplied cash, and un-identified cash work experience.
• Responsible for the day- to-day sub-ledger accounting and reconciliation
• Responsible for reclassification of NON – AR and other Misc-Receipts received