Responsibilities

• Apply incoming payment receipts to appropriate customer accounts by using SAP in parallel with bank transmission reports

• Offset payments against open items (e.g. invoices) by using bank transmission reports, customer remittance details sent via fax or email, or customer check images

• Monitor and organize functional mailboxes while archiving data as needed

• Provide timely support for internal and external audit requests

• Create and file daily cash application folders

• Archive hard copies and save electronic copies to the server in a periodic manner to ensure proper document retention

• Monitor and investigate any missing reports

• Process payment discrepancies in accordance with business rules in SAP

• Compare daily bank transmissions against bank listings to ensure all expected receipts are processed accurately

• Monitor and investigate any suspected missing transmissions and communicate with process specialists where needed

• Liaise with receivable specialists and credit managers to resolve payment issues

• Support settlement service questions by working with receivable specialists, credit managers, and other personnel from the finance organization

• Oversee and monitor the functional mailbox to provide timely responses to all questions and/or corrections received from receivable specialists, credit managers, Process SMEs or other personnel

• Provide root cause analysis for work process issues

• Provide ideas to improve and enhance work processes to the team lead

• Account reconciliation (Black line) preparer as delegated by the I2C RoA Team Leader

• Participate in continuous improvement initiatives by executing tactical activities

• · Understand the Credit Management stored in SAP Business Partner. It consists of the Credit Profile, General Data and Credit Segment Data.

  · Day to day review & acknowledge the blocked orders as per request.

  · Order release related to credit blocks for different types of customer payment methods. Communicate with appropriate stakeholders in case of additional supporting required to resolve the issues

  · Payment receipt acknowledgement, cross verify with bank statement & customer account in the system.

  · Risk assessment and GAP analysis, Correct Reason needs to be applied before releasing the order

  · Understand the business practices related to Sales & Collections.

  · Analysis the Customer’s credit assessment Credit limit, Payment Terms, Security deposits.

  · Constantly keep the sales person, CSR & CFS informed on their AR and past due position to channelize effort towards collection.

  · Ensure accuracy and integrity of all accounting transactions.

Qualification:- B. Commerce with Minimum 5+ years working experience in Accounting, with SAP knowledge.

Skills

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