Cash Application Specialist

2 weeks ago


Cyberjaya, Selangor, Malaysia ACCA Careers Full time

As a Cash Application Specialist, you will play a vital role in the company's financial operations. Our team is responsible for managing the cash application and allocation process, ensuring accuracy and timeliness in accordance with the Downstream Credit Manual.

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Purpose of Role:

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  • Support the onshore activities in assigned portfolio in East region to ensure cash application and allocation are completed accurately and on time.">
  • Collaborate with the Debt Collection team to resolve allocation issues and communicate effectively with stakeholders.">
  • Apply knowledge and understanding of banking processes to resolve issues arising from various modes of receipts and reconcile accounts proactively.">
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Accountabilities:

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  • Ensure accurate and timely completion of cash application and allocation for assigned East portfolio in accordance with the Downstream Credit Manual.">
  • Communicate with internal teams, including Debt Collection, to resolve allocation issues and provide support as needed.">
  • Analyze unidentified receipts and coordinate with relevant parties to ensure resolution within prescribed timelines.">
  • Monitor Accounts Receivables and perform manual entries to maintain accurate records.">
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Challenges:

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  • To ensure that cash remittance through various channels is booked accurately and on time, adhering to Service Level Agreements (SLA).">
  • This is critical in managing exposure levels and supporting debt collection efforts. Strong communication skills are essential in dealing with internal and external customers.">
  • Manage direct debit, rejection, reinstatement of bounced cheques, and refund critical activities effectively.">
  • Be adaptable to change and willing to support process improvements opportunities for final decision and implementation cross-team.">
  • Collaborate with superusers/subject matter experts for any changes impacting global WI or local WI.">
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What's the role?

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  • This is a 1-year short-term contract role driving daily operational excellence for designated credit sub-process (Cash Application & Allocation).">
  • Responsible for managing/performing operations of designated credit sub-process.">
  • Identify and flag improvement opportunities after consultation with superuser, subject matter experts or participate in process improvement initiatives in designated sub-process and portfolios in collaboration with subject matter experts and process experts.">
  • Stakeholders include Debt Collection team, Cash Management Team, E-Banking, Banks, Reporting & Analysis team, Credit Risk Managers.">
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What do we need from you?

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  • Degree in Accounting or Finance.">
  • Must be able to converse, read, and write in English and Mandarin.">
  • Strong aptitude for managing processes and driving towards best-in-class process performance.">
  • A passion for learning soft and business partnering skills.">
  • Learner mindset.">


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