Avantor is looking for a dynamic, forward-thinking, and experienced Associate for the Accounts receivable Cash Applications team This role will be a full-time position based out of our Coimbatore office The associate is responsible for providing financial, administrative, and clerical support by ensuring the company receives payments for goods and services and properly records the transactions by posting receipts and resolving discrepancies according to established policies and procedures in an efficient, timely, and accurate manner Analyze the open credit trend from the AR books and work towards resolving them by either getting them applied to the right customer accounts with their approvals or refunding the money back to the customer What we are looking for Education: Any Bachelor or masters degree. A finance background will be an added advantage. Experience: 4+ years of overall experience How you will thrive and create an impact Review wire transfers and bank deposits, review items for posting, manual check scanning, downloading and management of payment payment files along with preparation and analysis of cash reports Monitor and provide guidance to the team on working with payments that are unapplied and unidentified and keep them well in control based on the business targets. Involves reaching out to the customer/ collection s analyst providing challenges, and trends resolving issues. Monitor that the bank auto hit rate is maintained and in the path of continuous improvement there by ensuring manual application volumes are in control. If there are challenges, the role involves working with the bank & fix issues Review the credit card processing contracts, charges that we incur and if there are unusual trends. Ensure that the credit card batch payment failure is worked thro resolution working with the respective team. Review customers taking discounts and monitor if they are justifiable. If there are specific trends bring it to the stakeholder with relevant recommendation Document, monitor and execute internal control procedures that encompass our company s Compliance controls Develop and maintain systems, procedures and policies, including accounts receivables functions to ensure adherence to company guidelines. Understand business direction, key changes and needs; initiate and lead the conversations on how AR team needs to mold and adapt in order to stay proactive. Harmonize working procedures across ERPs (SAP and other platforms) while respecting the specific business requirements that may exist for the different Business Areas (BA) Familiarity with basic accounting principles, SAP cash applications Good knowledge of applying credits and debits, returns and wire transfers Posting of wire transfers and checks as needed, would require to work with the collections team or the customer directly Enroll & ability to learn to any mode of payment upgradation the customer or organization is willing to adapt at any given time Communicate with Collection Team and Management regarding payment discrepancies Processes client refunds related to duplicate or erroneous payments Sound ability to meet deadlines and set priorities Ability to multi-task within a dynamic team environment
