Job Description

Job Summary

We are seeking a dedicated and detail-oriented Manager of Cash Applications to oversee our daily accounts receivable and cash application operations. With 7 to 10 years of experience in order-to-cash (O2C) processes, you will be responsible for ensuring that all incoming payments are applied accurately and efficiently. You will lead a team of specialists, resolve complex payment discrepancies, support system enhancements, and ensure compliance with internal controls. The ideal candidate is a hands-on leader who can drive daily performance while identifying opportunities to streamline workflows.

Key Responsibilities

Operations Management

- Supervise the daily operations of the Cash Applications team, ensuring all customer payments (ACH, wire, credit card, lockbox) are processed and posted accurately within established SLAs.

- Act as the primary point of escalation for complex unapplied cash issues, short payments, customer deductions, and missing remittances.

- Manage and execute the month-end, quarter-end, and year-end close processes for cash applications, ensuring accurate ledger reconciliation.

- Collaborate closely with Credit, Collections, and Customer Service teams to resolve account discrepancies and improve customer account health.

Process Improvement Systems

- Drive continuous improvement by analyzing current workflows, identifying manual bottlenecks, and implementing leaner processes.

- Support system upgrades and implementations (e.g., ERP updates, bolt-on automation tools) by participating in user acceptance testing (UAT)



and providing operational insights.

- Monitor and optimize auto-match rules within the cash application system to increase straight-through processing rates.

Team Leadership Development

- Manage, train, and mentor a team of cash application analysts and specialists.

- Set clear performance goals, conduct regular 1:1s, and deliver annual performance reviews.

- Manage resource allocation, team schedules, and cross-training to ensure adequate coverage during peak periods and month-end close.

Compliance Reporting

- Ensure all cash application activities comply with internal corporate policies, SOX controls, and accounting standards.

- Prepare and present weekly and monthly operational reports on key metrics (e.g., Unapplied Cash balances, SLA adherence, auto-hit rates) to senior finance leadership.

- Assist internal and external auditors by providing required documentation and explanations of cash application procedures. Qualifications

Education Certifications

- Bachelor s degree in Accounting, Finance, Business Administration, or a related field.

Experience

- 7 to 10 years of progressive experience in Accounts Receivable, Cash Applications, or O2C operations.





- Minimum of 3 to 5 years of direct supervisory or team management experience.

- Solid background in high-volume, B2B cash application environments.

Technical Soft Skills

- ERP Proficiency: Strong working knowledge of major ERP systems (e.g., SAP, Oracle, NetSuite).

- Systems Experience: Familiarity with cash application automation software or bank lockbox systems is highly preferred.

- Data Skills: Intermediate to advanced proficiency in Microsoft Excel (VLOOKUPs, Pivot Tables, basic macros).

- Communication: Excellent verbal and written communication skills to effectively collaborate with cross-functional teams and management.

- Problem-Solving: Solid analytical skills with a keen eye for detail and a hands-on approach to resolving reconciliation issues.

Key Performance Indicators (KPIs)

- SLA Compliance: Ensure 95%+ of all receipts are posted within 24 to 48 hours of bank clearance.

- Unapplied Cash: Maintain unapplied cash balances below the established company threshold

- Auto-Match Rate: Continuously improve the percentage of payments applied systematically without manual intervention.

- Accuracy Rate: Maintain a high standard of posting accuracy to minimize customer account adjustments and rework.

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 Manager- Cash Applications (Mumbai)
🏢 Nielsen Sports
📍 Mumbai