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Cash Application Specialist

2 months ago

Kuala Lumpur, Kuala Lumpur, Malaysia Baxter Full time

About Baxter

Baxter is a leading global healthcare company that has been pioneering medical innovations for over 85 years. Our mission is to save and sustain lives, and we are committed to making a positive impact on people around the world.

Job Summary

The Cash Application Specialist is a critical role that plays a key part in our financial operations. As a Cash Application Specialist, you will be responsible for processing electronic and manual payments in multiple currencies, applying them to the correct accounts, and ensuring that our financial transactions are accurate and up-to-date.

Key Responsibilities

  1. Payment Processing

Retrieve EFT and ACH payment information, input and process remittances against customer accounts and invoices, and ensure that all payments are accurately applied.

Cash Application

Run and monitor the auto cash application routines, accurately balance deposits received and accounts receivable in the ERP, and identify short-pays or discounts taken.

Problem Resolution

Resolve issues associated with cash posting by working with external and internal parties, and collaborate with the Customer or Accounts Receivable team to ensure that cash is appropriately applied to open invoices.

Banking Relationships

Manage banking relationships for specific countries or customer groups within the area of responsibility, and work collaboratively with the Treasury team responsible for banking relationships.

Process Improvement

Develop an understanding of the technologies involved in the end-to-end process, identify opportunities for improvement, 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.

Requirements

  1. Education and Experience

Bachelor's degree in Finance or Accounting, and at least 1 year of experience in a similar corporate role.

Skills and Qualifications

Great communication skills, problem-solving skills, high level of organization, ability to meet strict deadlines, adaptability to new ideas and ways of accomplishing tasks, and ability to work in a team environment.

Technical Skills

Proficient in using Microsoft Office suite, functional knowledge of accounts receivable processes, and experienced user of JDE and C2C Technology Cash Application module (ideal).

Location

Candidates must be resident in Malaysia or have the right to work in Malaysia.