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Cash Applications Associate

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Thomson Reuters

24d ago

  • Job
    Full-time
    Junior & Mid Level
  • Accounting & Tax
    Business, Operations & Strategy
  • Hyderabad, +1

AI generated summary

  • You need to ensure accurate payment applications, timely resolution of cash items, strong customer focus, support audits, generate metrics, and maintain SOPs with attention to detail.
  • You will resolve payment issues, ensure accurate transaction processing, handle customer/vendor queries, support audits, maintain SOPs, and participate in projects while monitoring workflows.

Requirements

  • Payment application with accuracy
  • Charging payments and refunds with accuracy and faster processing.
  • Timely and accurate application of customer payments
  • Perform Bank & GL account open items & its timely resolution.
  • Perform reduction of unidentified and unapplied cash
  • Monitoring of workflows and volumes
  • Responsible for maintenance of SOPs
  • Strong customer focus with a sense of ownership in resolving issue escalations timely and accurately.
  • Support audit requests on a timely basis; Good understanding of SOX and other compliance needs.
  • Participate in projects as assigned from time to time.
  • Support creation of operational metrics on a regular basis
  • Should have an eye for detail and ensure processes are operating at highest level of accuracy.
  • Deliver reports / ad-hoc activities as assigned by the management from time to time.

Responsibilities

  • Identify problem areas in processes and resolve with management input for process improvements.
  • Use of AR/AP system to resolve all issues.
  • Responsible for journal processing, account reconciliation, month & year end accounting cycles.
  • To identify problems and resolve customer queries & complaints.
  • Take care of all vendor/supplier queries and ensure their satisfaction.
  • Provide information & support to team leader.
  • Assist the team leader in setting performance measurement procedures in the team.
  • Payment application with accuracy.
  • Charging payments and refunds with accuracy and faster processing.
  • Timely and accurate application of customer payments.
  • Perform Bank & GL account open items & its timely resolution.
  • Perform reduction of unidentified and unapplied cash.
  • Monitoring of workflows and volumes.
  • Responsible for maintenance of SOPs.
  • Strong customer focus with a sense of ownership in resolving issue escalations timely and accurately.
  • Support audit requests on a timely basis; Good understanding of SOX and other compliance needs.
  • Participate in projects as assigned from time to time.
  • Support creation of operational metrics on a regular basis.
  • Should have an eye for detail and ensure processes are operating at highest level of accuracy.
  • Deliver reports / ad-hoc activities as assigned by the management from time to time.

FAQs

What is the primary responsibility of a Cash Applications Associate?

The primary responsibility of a Cash Applications Associate involves timely and accurate application of customer payments, journal processing, account reconciliation, and addressing customer and vendor/supplier queries.

Is there a focus on process improvement in this role?

Yes, identifying problem areas in processes and collaborating with management for process improvements is a key part of the role.

What kind of experience is required for this position?

Candidates should have experience in accounts receivable/accounts payable systems, payment application, and a strong customer focus.

How important is accuracy in this role?

Accuracy is crucial in this role, especially in payment applications, charging payments and refunds, and journal processing.

Do we have a structured approach to performance measurement?

Yes, the Cash Applications Associate will assist the team leader in setting performance measurement procedures for the team.

What type of training and development opportunities are available?

Employees have access to LinkedIn Learning, internal Talent Marketplace, and networking opportunities for professional growth.

How does the company support employee wellbeing?

The company offers comprehensive benefit plans, flexible vacation policies, mental health days, and resources for various aspects of employee wellbeing.

Are there opportunities for community involvement?

Yes, the company supports social impact initiatives through employee-driven Business Resource Groups and offers paid volunteer days.

Will I receive support during audits?

Yes, the Cash Applications Associate is responsible for supporting audit requests in a timely manner.

What is the company culture like?

The company is globally recognized for its commitment to equality, diversity, inclusion, and work-life balance, fostering a supportive work environment.

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Thomson Reuters

Entertainment & Media
Industry
10,001+
Employees
2008
Founded Year

Mission & Purpose

Thomson Reuters is the world’s leading provider of news and information-based tools to professionals. Our worldwide network of journalists and specialist editors keep customers up to speed on global developments, with a particular focus on legal, regulatory and tax changes. Our customers operate in complex arenas that move society forward — tax, law, compliance, government, media. In a disruptive digital age, we help professionals reinvent themselves. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI).