Cash Application Specialist

About the Role

• Accounts Receivable (AR) – Cash Application roles available in Navi Mumbai.
• Support international operations across US and EMEA markets.
• Multiple openings for Executive, Lead, Assistant Manager, and Manager levels.
• Immediate joiners preferred.
• 5 days working with 2 days off.

Key Responsibilities

• Handle day-to-day Cash Application activities, ensuring timely and accurate allocation of customer payments against open invoices.
• Review bank statements, remittance advice, payment details, and supporting documents to identify and process incoming payments.
• Investigate and resolve unapplied cash, unidentified receipts, payment discrepancies, and short or excess payments.
• Perform account reconciliations and ensure accurate maintenance of customer accounts and AR records.
• Coordinate with internal teams, customers, and other stakeholders to obtain remittance details and resolve payment-related queries.
• Maintain proper documentation and ensure compliance with established process guidelines, internal controls, and audit requirements.
• Monitor pending items, meet daily productivity and accuracy targets, and ensure adherence to defined SLAs and KPIs.
• Identify process improvement opportunities and support efficient cash allocation and reconciliation activities.
• For Lead and managerial positions, responsibilities may also include team handling, performance monitoring, escalations, stakeholder management, reporting, and process improvement.

Requirements & Tech Stack

• Accounts Receivable (AR)
• Cash Application
• US and EMEA markets
• Finance processes
• Bank statements
• Remittance advice
• Payment allocation
• Account reconciliations
• AR records
• SLAs and KPIs

Qualifications

• Graduate candidates only.
• Relevant, hands-on professional experience in Accounts Receivable, Cash Application, or related finance operations.
• Good understanding of AR processes, payment allocation, reconciliations, and supporting documentation.
• Strong English communication skills, both verbal and written.
• Good analytical, problem-solving, and documentation skills.
• Candidates currently based in Mumbai or Navi Mumbai will be preferred.
• Relocation cases will not be considered.
• Freshers and candidates with only internship experience will not be considered. Relevant core work experience is mandatory.
• Immediate joiners or candidates serving a short notice period will be preferred.