Cash Application Finance

Job Description As a Cash Application Team Member at Nouryon Finance, you will play a crucial role in ensuring accurate and timely application of customer payments, thereby supporting healthy cash flow and maintaining clean Accounts Receivable aging. Key Responsibilities: - Post and apply various types of payments (wire, ACH, credit card, checks, lockbox, etc.) in SAP ERP systems. - Match remittances, resolve discrepancies, and clear deductions efficiently. - Reconcile daily cash postings with bank statements to ensure accuracy. - Provide support for month-end closing activities, reporting, and reconciliation of unapplied cash. Issue Resolution & Collaboration: - Collaborate with Credit, Collections, Sales, and Customer Service teams to resolve payment-related issues promptly. - Communicate with customers to obtain missing remittances and address concerns effectively. - Identify recurring issues and suggest process improvements to enhance efficiency. Compliance & Controls: - Adhere to company policies, internal controls, and audit requirements to ensure compliance. - Assist in internal and external audits by providing necessary documentation and support. Qualifications: - High school diploma required; Finance/Accounting degree preferred. - Minimum of 1 year of experience in Accounts Receivable or Cash Application. - Proficiency in ERP systems (SAP, Oracle, JD Edwards, Microsoft Dynamics), with preference for SAP experience. - Strong Excel skills along with analytical and communication abilities. In addition to the above responsibilities and qualifications, you will benefit from: - Gaining a strong understanding of the order-to-cash cycle and financial processes. - Developing proficiency with accounting software and ERP systems. - Enhancing analytical, communication, and problem-solving skills. - Directly impacting cash flow, Days Sales Outstanding (DSO), and the quality of financial reporting. - Working in a collaborative team environment that values accuracy, ownership, and continuous improvement. Location: Airoli/Thane preferred Shift: American Shift from 4:30pm to 2:30am If you believe you possess the required skills and experience for this role, we encourage you to apply and be a part of our global team of Changemakers at Nouryon Finance. As a Cash Application Team Member at Nouryon Finance, you will play a crucial role in ensuring accurate and timely application of customer payments, thereby supporting healthy cash flow and maintaining clean Accounts Receivable aging. Key Responsibilities: - Post and apply various types of payments (wire, ACH, credit card, checks, lockbox, etc.) in SAP ERP systems. - Match remittances, resolve discrepancies, and clear deductions efficiently. - Reconcile daily cash postings with bank statements to ensure accuracy. - Provide support for month-end closing activities, reporting, and reconciliation of unapplied cash. Issue Resolution & Collaboration: - Collaborate with Credit, Collections, Sales, and Customer Service teams to resolve payment-related issues promptly. - Communicate with customers to obtain missing remittances and address concerns effectively. - Identify recurring issues and suggest process improvements to enhance efficiency. Compliance & Controls: - Adhere to company policies, internal controls, and audit requirements to ensure compliance. - Assist in internal and external audits by providing necessary documentation and support. Qualifications: - High school diploma required; Finance/Accounting degree preferred. - Minimum of 1 year of experience in Accounts Receivable or Cash Application. - Proficiency in ERP systems (SAP, Oracle, JD Edwards, Microsoft Dynamics), with preference for SAP experience. - Strong Excel skills along with analytical and communication abilities. In addition to the above responsibilities and qualifications, you will benefit from: - Gaining a strong understanding of the order-to-cash cycle and financial processes. - Developing proficiency with accounting software and ERP systems. - Enhancing analytical, communication, and problem-solving skills. - Directly impacting cash flow, Days Sales Outstanding (DSO), and the quality of financial reporting. - Working in a collaborative team environment that values accuracy, ownership, and continuous improvement. Location: Airoli/Thane preferred Shift: American Shift from 4:30pm to 2:30am If you believe you possess the required skills and experience for this role, we encourage you to apply and be a part of our global team of Changemakers at Nouryon Finance.