City : Mohali
State : Punjab (IN-PB)
Country : India (IN)
Requisition Number: 44609
Job Description
Business Title
Process Executive-OTC
Global Job Title
Anl I Finance OTC
Global Function
Business Services
Global Department
Finance OTC
Organizational Level
Reporting to
Team Lead - CTC
Size of team reporting in and type
Nil
Role Purpose Statement
The Order to Cash (OTC) Process executive will be responsible for Cash Application function in performing timely and correct booking of subledger of all payments received, apply payments against invoices as per remittance details, booking adjustments for discounts ,refund and cash in advance
Main Accountabilities
• Timely and correct booking of all payments received in bank.
• Apply Payments against invoices as per the remittance details provided by the client
• Booking adjustments for discounts ,refund and cash in advance cases as well as accounting entries for provision for doubtful debts during month close
• Credit review, current customer setup or customer change process, shipment release
• Regular clearing of advances against the invoice
• Knowledge of billing, issue credit/Debit Note
• Review claim process
• Follow-up with sales/execution team for remittance details, if required
• Timely clearing of sub-ledger, follow-up on old aged items with different teams
• Provide details to accounting team regarding customer advances
• Complete various reports on time with accuracy
• Meet SLA and KPI target each month.
Additional responsibilities:
• Resolve queries within defined timelines
• Identify ideas for process improvement utilizing industry leading practices
• Handle exceptions generated, perform root cause analysis to resolve current issues and act proactively to avert potential issues in future
• Provide all information, documents and reports for audit. Post the audit; take steps as per corrective action plan drafted by the Team Leader.
• File and archive relevant documents