Cash Application Specialist
PerkinElmer
Date: 3 weeks ago
City: Thane, Maharashtra
Contract type: Full time
Responsibilities
- Process and apply incoming customer payments (via checks, NEFT/RTGS) to the appropriate accounts and invoices in the ERP system.
- Reconcile customer accounts and resolve unapplied or misapplied payments.
- Collaborate with collections and billing teams to resolve discrepancies and disputes.
- Identify and allocate short payments, overpayments, and deductions.
- Maintain up-to-date and accurate customer payment records.
- Communicate with collection teams to clarify payment issues.
- Perform daily cash reconciliations and assist with month-end closing activities.
- Ensure compliance with company policies, procedures, and internal controls.
- Generate reports on unapplied cash, ageing, and other related metrics as needed.
- Bachelor’s degree in accounting, Finance, Business Administration, or a related field (preferred).
- 4+ years of experience in cash application, accounts receivable, or related finance role.
- Experience working with ERP systems (SAP) is highly preferred.
- Proficient in Microsoft Excel and other MS Office tools.
- Excellent attention to detail and organizational skills.
- Strong analytical and communication skills.
- Ability to manage time effectively and meet tight deadlines
- Experience with Mid-volume payment processing.
- Knowledge of banking, EFT, and wire transfer processes.
- Familiarity with B2B environments and customer portals.
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