Cash & Bank Application Analyst

Primary objective of the job: 

• Main point of contact with Treasury group
• Banking administration & support in maintaining banking relationships
• Cash forecasting;
• New Bank Accounts / Account Maintenance
• Bank Account Setup and User Maintenance
• Participate in execution of cash management processes
• Ensure banking activities are kept current
• Support Treasury team in cash flow forecasting
• Assist in interpreting Treasury reports
• Participate in the maintenance of the Treasury systems
• Ensure bank reconciliation accounting policies, processes and operating procedures are in compliance with the stated company policies
• Maintain files and documentation thoroughly and accurately, in accordance with company policy and accepted accounting practices
• Managing incoming receipts and reconciling unidentified, unapplied, and misapplied payments
• Processing credit/debit memos
• Managing inquiries from customer service & collections teams from customer payment activities
• Transfer of daily deposits from lockbox to customer accounts
• Conducting chargeback process

Main Duties and Responsibilities:

• Contact with Treasury group regarding bank accounts and banking relationships
• Receiving / importing / interfacing of bank files into Cash Management applications
• Performance of daily and/or period end bank reconciliations
• Recording of adjustment entries related to cash and bank accounts
• Identifying process improvements / deficiencies in cash management processes
• Generation of reporting related to cash flows, currency hedges and other cash management activities;
• Provision of inputs to Treasury group for cash flow forecasting
• Provision of inputs to Finance group for financial / operating analysis and modelling
• Identifying discrepancies and fraudulent transactions and resolving such issues
• Performing bank administration duties
• Coordinate the day‑to‑day operation of the billing process, to involve liaison with customer and Order Management team to ensure prompt billing and resolution of queries
• Ensure all final bills are filed on the firm’s document management system
• Anticipate disbursements for inclusion on bills and auto‑match anticipated disbursements
• Deal with recharges and file closures
• Update VAT rates in the system when requested
• Raise credit notes and partial credit notes within the system
• Ensure all bills have been received in Accounts by month‑end

Academic qualifications and experience required:

• Bachelor degree in Finance or Accounting, or equivalent
• 2+ years experience in a similar role
• Relevant experience, such in a Treasury function
• Relevant experience in cash management and multi-currency environments
• Strong understanding of billing process
• Relevant cash applications experience (preferably in BPM / services industry) desirable
• Proficiency in using ERP systems and MS Suite, such as Excel and Word
• Knowledge of relevant geographic banking systems

Functional Skills:

• Knowledge of relevant geographic banking systems
• Attention to detail
• Focus on continuous improvement
• Strong analytical skills and financial acumen
• Understanding of control framework and processes / procedures surrounding cash management activities
• Ability to work independently and solve problems
• Strong verbal and written communication skills
• Good team player with strong interpersonal and organizational skills
• Ability to work independently, solve problems and take ownership of projects
• Detail oriented, and strong problem solving skills
• Self‑starter, strong organizational and time management skills