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

- Bachelors degree in accounting, Finance.

- 3-5 years experience.

- Experience in cash application, accounts receivable, or accounting operations.

- Solid 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.

📌 Cash Application Specialist (1 year contract) (Hyderabad)
🏢 Qnity Electronics
📍 Hyderabad