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Cash Application Specialist

  • Location

    City of London, London

  • Sector:

    Accounting & Finance

  • Job type:

    Contract

  • Salary:

    Negotiable

  • Contact:

    Ashleigh Bowman

  • Job ref:

    ATB_0029_1574852029

  • Published:

    9 days ago

  • Duration:

    6 Months

Job Title: AR Cash Application Specialist

Term Type: 6 month contract

Purpose of the role:

  • To ensure accurate records of cash-received into the Business from clients is maintained.
  • To ensure an accurate and up-to-date AR picture is available, to assist the Collections team in driving down debt thereby increasing the company's cash-flows to assist with growth.
  • To liaise with the other AR sub-teams, to ensure a smooth process of communication on client payments and any issues arising.

Duties and responsibilities:

  • Day to Day processing and allocating of cash received to appropriate clients and invoices, in RMB.
  • Contact clients directly and liaise with the Collections team, to ensure unidentified receipts are worked on each day and kept at an absolute minimum.
  • Monitoring and processing of items highlighted each week on the Un-Reconciled Report.
  • Timely and accurate recording, of payments returned to clients outside of the RMB refund process.
  • Responding to queries from the Collections & Billing teams in a timely manner.
  • Assist in forensic analysis of aged items and on-account payments to ensure open-items are identified and closed out;
  • Identifying and working through areas for improvement and increased automation with external consultants and the Corp-Sys team.
  • Assist as required with the month-end Bank > GL reconciliations.
  • Participating in the financial close process including sub ledger to GL reconciliations and ensuring all activities are completed in a timely and accurate manner.
  • Responding to audit queries.
  • To undertake ad hoc and other duties as required by the Shared Services team.

Desired:

  • Maintains current and deep technical knowledge (e.g., GAAP, Exchange rules, Tax laws)
  • Strong knowledge of Excel;
  • Excellent system skills;
  • Excellent communication skills (both written and verbal);
  • High attention to detail;
  • Must be self-motivated and self-starting with ability to multi-task and effectively manage own workload, prioritising effectively and consistently meet deadlines;
  • Excellent analytical skills with proven attention to detail;
  • Demonstrates a clear commitment to the team approach exchanging ideas and providing support to colleagues;
  • Organised and methodical.

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