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Cash Application Specialist (1 year contract role with 3-5 year's exp)

Qnity Electronics
Hyderabad, IND
Full-time
Mid · 3–5 years experience
Hybrid
Discovered 3 days ago
sap

Full Job Posting

Key Responsibilities:

  • Cash Application: 1 year contract role, 3-5 year's Experience
  • Accurately apply incoming payments to customer accounts based on remittance information.
  • Verify and allocate cash receipts, credit card payments, and electronic transfers in a timely manner.
  • Monitor and process unapplied cash transactions and work with credit team to resolve discrepancies.
  • Reconcile cash applications to bank statements and resolve any discrepancies.
  • Assist in the month-end and year-end closing process by providing accurate and timely cash application data.
  • Review unapplied cash and follow up with internal departments for resolution.
  • Communicate with credit team regarding payment issues, discrepancies, or missing remittances.
  • Collaborate with the dispute team to resolve short payments or overpayments, ensuring proper adjustments are made.
  • Respond to and process accounting-related requests from internal teams or external customers.
  • Prepare and provide reports on payment applications, aged receivables, and cash flow as needed.
  • Assist in the preparation of financial reports, including the tracking of cash receipts and accounts.
  • Process bad debts, Write-offs, and other adjustments as per company policies.
  • Have in-Depth knowledge of the customer refunds process.
  • Maintain accurate records of all payment applications and account reconciliations.
  • Prepare weekly/monthly cash application reports for management review.
  • Assist in the documentation of processes and procedures for cash application activities.
  • Identify and recommend process improvements to streamline cash application and reconciliation processes.
  • Stay updated with accounting systems and technologies, ensuring efficient and accurate cash application procedures.

Qualifications.

  • Bachelor’s degree in accounting, Finance.
  • 3-5 years experience.
  • Experience in cash application, accounts receivable, or accounting operations.
  • Strong knowledge of accounting principles, practices, and financial reporting.
  • Proficient in Microsoft Office (Excel, Word, Outlook) and accounting software (e.g., SAP, Oracle, QuickBooks, or other ERP systems).
  • Attention to detail with the ability to work under pressure and meet deadlines.
  • Excellent problem-solving and communication skills.
  • Ability to work independently as well as part of a team.
  • Familiarity with cash application best practices and reconciliation processes.
  • Join our Talent Community to stay connected with us!
  • Qnity is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, religion, creed, sex, sexual orientation, gender identity, marital status, national origin, age, veteran status, disability or any other protected class. If you need a reasonable accommodation to search or apply for a position, please visit our Accessibility Page for Contact Information.
  • Qnity offers a comprehensive pay and benefits package. To learn more visit the Compensation and Benefits page.
  • We use Artificial Intelligence (AI) to enhance our recruitment process.

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