Cash Allocation and Application Specialist
Role details
Job location
Tech stack
Job description
This role offers you a unique opportunity to set up best in class cash allocation and application processes. As a Cash and Allocation Specialist, you will be responsible for managing and reconciling cash reports and allocations for our organization. This involves regular communication with cross-functional departments, including but not limited to the finance and controlling team, to ensure accurate and timely reporting of transactions., Cash Allocation and Application
- Ensure that all cash receipts and other types of transactions have been entered into the ERP system and applied to the respective invoices on customer or balance sheet accounts;
- Register cash movements between different types of accounts, for e.g. Cash pool transactions between loan accounts and regular bank accounts in the ERP system;
- Communicate with customers to resolve allocation issues daily (ask for remittance advices, etc.);
- Reconcile customer accounts in terms of under- and overpayments, mismatches on the remittance advise, etc;
- Process direct debits;
- Make sure that the unapplied cash amount stays as low as possible;
- Administer requests received on the shared mailbox, take active part in resolving customer queries;
Finance
- Perform balance sheet reconciliation monthly;
- Resolve outstanding reconciliation issues during the month, especially for the clearing and intercompany accounts;
- Booking of the intercompany invoices related to recharges & loan interests and recharges from related parties;
- Resolve incorrect currency payments;
- Perform settlements between receivables and payables ledgers;
- Partly administer in the financial month end close process with regards to intercompany, banking and accounts receivables reconciliation;
- Work closely with finance controlling team to resolve outstanding issues.
Other
- Administer a single self-bill account;
- Support implementation and embedding of further process improvements;
- Take part in return of funds process.
Requirements
To excel in this role, you should demonstrate sound judgment, strong analytical skills, and are able to work with a high degree of accuracy. In addition, you have;
- Bachelor degree in finance or equivalent in finance or accounting
- At least 1+ years of relevant, financial accounting experience;
- Good knowledge of Microsoft Office (especially MS Excel). Experience in using ERP systems;
- Excellent organizational skills; customer-oriented, attention to detail, and respect for internal procedures;
- Ability to work effectively under deadlines, and be comfortable working as part of a team;
- Fluent in English. Further languages; Polish, German, Italian, Dutch and or Spanish are considered a plus.
Benefits & conditions
A dynamic and a Rotterdam-based job within an inspiring and dynamic team, having the opportunity to bring your ideas in an open communication environment. We embrace your sense for accountability and stimulate personal development. Besides this we also offer:
- Enthusiastic colleagues from all over the world
- A competitive salary and multiple development options
- 13th month salary
- 30 days of leave per year
- Pension scheme fully paid by Olenex
- The possibility to work 1 or 2 days from home
- Working from home allowance
- We offer discount on health insurance and fitness
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