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Position Overview:
Lead role that ensures customer remittances are posted in a timely and efficient manner.
Apply cash remittances accurately and timely. Perform reconciliation as necessary to apply payments on 3rd party remits.
Generates accurately on a weekly basis direct debit files and sends these files on a timely basis to the banks with instructions to execute for collection.
Ensure that customer remittances are posted on a daily basis. The department processes applications for approximately a monthly value of €153M representing on average 18K individual transactions on a monthly basis.
Working with UIPath used as a cash applications tool.
Reconcile customer accounts with the general ledger.
Perform monthly analyses of accounts receivable suspense accounts and report results to your supervisor or senior.
Maintain detailed documentation of events, i.e. conversations, contacts, discrepancies, etc.
Liaise on a frequent basis with the statutory auditor for audit requests and documentation, ensuring timely delivery for the external audit.
Assists the Credit Manager with daily administrative functions, reporting and Management updates.
Assists in formulation and implementation of policies and procedures.
Assists Credit Manager with productivity of cash application in order to minimize outstanding Unapplied Cash transactions.
Principle Responsibilities
Ensure that customer remittances are posted within agreed upon service level commitments.
Working with UIPath - cash applications tool and monitors productivity of the tool on a daily basis.
Imperative to constantly improve processes and technology to make the department scalable.
Work with Credit Controllers team to help administrate unapplied cash within shortest delay.
Education & Qualifications (Required and Preferred):
Undergraduate degree in Accounting or Finance, or equivalent experience in business
3-5 years in Accounts Receivable, Cash Applications, and/or related Financial experience, primarily from the commercial sector.
Key Competencies (see World League Publication if applicable):
Manage multiple tasks simultaneously, meet deadlines, and exceed goals in high-pressure situations.
Organizational skills.
Analytical skills.
Professional, effective, and persuasive communication skills.
Time management.
Assist Credit Manager with benchmarking and improvements to ensure departmental efficiency.
Collaborate with other functional areas to maintain productivity and ensure department and company objectives.
Decision Making Authority
What is the nature of the direct supervision that is provided to the incumbent of this position?
This position has authority to make decisions related to cash application payments.
Organizational Structure:
Job Titles directly reporting to this position: None
Supervisory Responsibility:
X No supervisory responsibility
◻ Provides guidance, leadership, or training to other employees (no direct supervision)
◻ Directly responsible for supervising non-exempt, clerical, or office administrative personnel
◻ Directly responsible for supervising exempt, professional, or technical employees
◻ Directly responsible for supervising supervisory/managerial employees
◻ No direct reports but manages a process
Working Conditions:
Please describe the following work conditions that are generally required to execute the principal duties of this position
Physical surroundings (e.g. office equipment): Office Environment
Adverse working environment (e.g. specify extent of exposure to noise, extreme temperature, dirt, dangerous machinery or other hazardous conditions requiring safety adherence and/or PPE equipment): NA
Physical Effort: (Specify repetitive lifting, bending, stooping, or other physical effort required): NA
Domestic/International Travel: NA
Extensive Hours: NA
Career Progression: Supervisor, Cash Applications or other Supervisor roles in Business Services Group
Similar Jobs in Other Concepts: Senior role in other Business Services Group
The above statements are intended to describe the general nature and level of work being performed by persons assigned to this position. They are not intended to be an exhaustive list of all associated responsibilities, skills, efforts or working conditions. Randstad, reserves the right to change, amend, add, delete and otherwise assign any and all duties, responsibilities and position titles as it deems necessary to meet the needs of the business.
Is this the job for you? We would love to hear from you! Please apply directly to the role and we will get in touch with you.
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