Job Description AR Cash Application Specialist
Parexel is a leading global clinical development partner delivering insights-driven clinical and consulting solutions to the life sciences industry. With 22,000+ employees worldwide, we partner with biopharmaceutical companies and research sites to design and deliver patient-focused clinical trials that broaden access and make research a care option for anyone, anywhere.
We embrace bold thinking, adapt quickly to change, and continually raise the bar for the speed and quality of clinical research. We are expanding our team and seeking talented individuals to help drive industry leading innovation, With Heart®.
We are seeking an Accounts Receivable (AR) Cash Application Specialist to join our team in Hyderabad in a hybrid capacity. As an AR Cash Application Specialist, you will support the accuracy and timeliness of Parexel's financial operations by ensuring customer receipts are correctly identified, applied, and resolved in Oracle. This position plays a key role in daily cash application, bank and cash reconciliation, open item management, controls and audit readiness, and month-end close. You'll collaborate with AR, Collections, Treasury, General Ledger (GL), and other Finance teams, follow established controls and processes, and contribute to reliable financial results that help keep our clinical development business strong.
Responsibilities include daily AR cash application, bank and cash reconciliations, month-end close activities, and investigation of open items, with opportunities to deepen your expertise and influence process improvements.
You'll join a quick-paced, growth-oriented environment focused on making a meaningful impact through accurate cash application, timely reconciliation, and strong controls. With diverse teams and continuous learning opportunities,



the AR Cash Application Specialist can explore career paths and expand skills across finance operations.
Perform daily AR cash application by reviewing bank receipts and remittance information, identifying customer payments, and applying cash accurately to the correct customer accounts and invoices in Oracle

- Support monthly reconciliation of assigned bank accounts, Cash in Transit (CIT), Cash, and Petty Cash accounts, and investigate cash application-related differences
- Complete daily cash application and reconciliation activities within month-end close deadlines, ensuring receipts are posted to the correct period and supporting the transfer and reconciliation of cash activity to the GL
- Monitor unapplied, unidentified, and on-account cash and aged items, coordinating with AR, Collections, Treasury, GL, and other teams to obtain remittance details and resolve exceptions
- Maintain complete cash application, remittance, and reconciliation support, and provide schedules and documentation for internal and external audit requirements
- Experience in finance operations, accounts receivable, or cash management
- The ability to work effectively with AR, Collections, Treasury, and GL teams and communicate clearly
- Comfort working with Excel, accounting systems, and Oracle

Graduate in Commerce

- 2 to 4 years of relevant experience in AR cash application, accounts receivable, cash management, bank reconciliation, or finance operations
- Oracle Receivables / Oracle Cash Management experience, including receipt creation, application, and clearing
- Good working knowledge of Excel and accounting systems
- MBA, M.Com, B.Com, CA, or CMA/ICWA Intermediate
- Experience processing high-volume customer receipts across multiple bank accounts and/or currencies
- Exposure to bank reconciliation, customer account research, GL activities, or cash accounting

Join us and be part of a team where your contributions help shape the future of clinical research.

📌 Oracle Applications Specialist (Hyderabad)
🏢 Recognized
📍 Hyderabad