20 Aug
|
Avient
|
Bhiwandi
Job Description
To contribute to deriving operational excellence for SSC OTC by playing a key role in Offshore process Migrations, Month End Closing, Cash posting, Account Reconciliations creation and review.
Responsibilities
Essential Function: Process Operations
Cash Application Management
- Accurately apply cash receipts to customer accounts in a timely manner.
- Reconcile payments received with outstanding invoices and resolve discrepancies.
- Process and allocate payments from various sources (e.g., wire transfers, checks, ACH, credit cards).
Global And Regional Coordination
- Manage cash application processes for customers across multiple regions and currencies.
- Collaborate with regional finance teams to ensure consistency and accuracy in cash application practices.
- Address and resolve cross-regional payment discrepancies.
Customer Account Reconciliation
- Monitor and reconcile customer accounts to ensure accurate balances.
- Investigate and resolve unapplied cash, short payments, and overpayments.
- Work closely with the collections team to resolve payment-related issues.
Reporting And Analysis
- Prepare and maintain accurate cash application reports for management.
- Analyze cash application trends and provide insights to improve processes.
- Support month-end and year-end closing activities related to accounts receivable.
Process Improvement
- Identify opportunities to streamline cash application processes and enhance efficiency.
- Implement best practices and automation tools to improve accuracy and reduce manual effort.
- Train and mentor junior team members on cash application procedures.
Compliance And Controls
- Ensure compliance with company policies, accounting standards, and regulatory requirements.
- Maintain solid internal controls over cash application processes.
People Aspects
- Participate in weekly team meetings
- Team oriented and process driven. Proactive and one team attitude
- Share and assist Team manager on building lean cult
📌 Accounts Receivable (Bhiwandi)
🏢 Avient
📍 Bhiwandi