Cash Application Specialist

Baxter

Kuala Lumpur
Permanent
Full-time

2 months ago

This is where you save and sustain livesAt Baxter, we are deeply connected by our mission. No matter your role at Baxter, your work makes a positive impact on people around the world. You'll feel a sense of purpose throughout the organization, as we know our work improves outcomes for millions of patients.Baxter's products and therapies are found in almost every hospital worldwide, in clinics and in the home. For over 85 years, we have pioneered significant medical innovations that transform healthcare.Together, we create a place where we are happy, successful and inspire each other. This is where you can do your best work.Join us at the intersection of saving and sustaining lives—where your purpose accelerates our mission.SummaryThe Cash Application Specialist is responsible for processing electronic and manual payments in multiple currencies and applying them to appropriate accounts, initiating auto cash runs, problem resolution and processing of automation exceptions around the remittance and cash application functions.Essential Duties and Responsibilities

Retrieve EFT, ACH payment information received and input and process remittances against customer accounts and invoices
Run/monitor the auto cash application routines
Accurately balance deposits received and accounts receivable in the ERP
Identify short-pays or discounts taken and request credit notes if applicable Apply and record “unapplied cash” to customer accounts and monitor unapplied cash levels
Collaborate with the Customer or the Accounts Receivable team as necessary to ensure cash is appropriately applied to open invoices
Resolve issues associated with cash posting by working with both external and internal parties
Manage banking relationships for specific countries or customer groups within the area of responsibility, and collaboratively with the Treasury team responsible for banking relationships
Partner with Accounts Receivable and Customers to improve the information detail and quality of remittance advices to increase cash application accuracy
Develop an understanding of the technologies involved in the end to end process, and identify opportunities for improvement
Monitor cash application errors and automation exceptions and work with the Cash Application Team Lead and IT partners to eradicate the root cause of errors and improve the automation level of the cash application process
Facilitate any refunds due to client through ERP
Keep up to date and develop process specific competencies and technical skills
Support the continuous improvement projects as assigned by the Cash Application Team Lead

Qualifications

Great communication skills ]
Problem solving skills
Highly organized
Ability to meet strict deadlines
Adaptable to new ideas and ways of accomplishing tasks
Ability to work in a team environment

Education and/or Experience

Bachelor degree in Finance or Accounting
At least 1 year experience in SSC or similar corporate role
Proficient in using Microsoft Office suite
Functional knowledge of the accounts receivable processes
Experienced user of JDE and C2C Technology Cash Application module (ideal) Prior experience with ERP, cash application automation solutions preferred

Reasonable AccommodationsBaxter is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the here and let us know the nature of your request along with your contact information.Recruitment Fraud NoticeBaxter has discovered incidents of employment scams, where fraudulent parties pose as Baxter employees, recruiters, or other agents, and engage with online job seekers in an attempt to steal personal and/or financial information. To learn how you can protect yourself, review our .

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