Requisition ID: 23616 

Built on talent, technology, and trust, Grace is a leading global supplier of catalysts and engineered materials. The company’s two industry-leading business segments—Catalysts Technologies and Materials Technologies—provide innovative products, technologies, and services that enhance the products and processes of our customers around the world. Grace employs approximately 4,300 people in over 30 countries.

Job Description

Job Purpose:

 

Responsible for managing the cash application and invoice submission process. Applying hands-on experience in Cash Application and Allocation, Account Reconciliation, Invoice Submission and Customer Service issues and will be responsible for helping meet or exceed Cash Application targets. To provide support to the Cash Application and Allocation Supervisor.

 

Dimensions:

Country: Asia Pacific, Europe, Middle East and Africa (EMEA), Latin America and North America

 

Responsibilities (1 of 2) Responsible for ensuring that cash application and allocation are completed in an accurate and timely manner. Perform daily reconciliation of payment discrepancies and contact the Credit and Collection team for prompt resolution.  Investigate and coordinate any unidentified receipts to Credit and Collection, Treasury, Business, and other relevant parties to ensure timely resolution. Perform reviews of credit/debit memos, unauthorized deductions, and other adjustments posted to customer accounts as well as verify the proper offsetting of credit/debit memos and unapplied cash as authorized in writing by the customer. Perform subsequent clearing and posting as needed. Prepare and post manual journal entries as necessary. Perform monthly Cash GL account reconciliation. Actively participate in monthly, quarterly, and yearly closing activities. Oversee the tracking, proper posting, and offsetting of all prepayments on customer accounts. Successfully submit customer invoices to the portal. Responsibilities (2 of 2) Identify continuous improvement initiatives within the scope of work. Research and respond to all inquiries concerning the function, account reconciliations, remittance advice/payment application and take appropriate action.  Assist with quarterly and yearly audits by internal and external auditors. Assist Cash Application and Allocation Supervisor with preparation and analysis of relevant reports such as Scorecard and other ad-hoc reports. Actively participate in engagements with multiple stakeholders. Ensure compliance with ongoing departmental goals and objectives and communicate progress through quantifiable measurements (i.e. DSO, deduction and aging analysis, past dues, bad debt recovery, and collection effectiveness index) monthly. Supports the Global Credit Function to facilitate and participate in the order-to-cash function. Prepare Daily Cash Summary report. Prepare and perform analysis of Unclaimed Property and Cash Summary for Corporate Prepare and perform analysis of Unapplied and Shortpayment report. Job Specifications

Qualifications:

3+ years of Cash Application and Allocation/ Revenue Chain experience.   BA/BS degree or any related Finance/Business equivalent preferred. Strong customer service orientation, interpersonal, negotiation, and analytical skills as well as demonstrated experience working effectively in a diverse and fast-paced environment. Strong communication and presentation skills. Ability to collaborate effectively across functional business organizations.
 

Professional Experience:

Experience in the Shared Services / Business Process Outsourcing industry, preferably with multinationals. Proficient in Microsoft Excel and PowerPoint to assist with various reports.  HighRadius Cash Application cloud, SAP & SAC experience preferred. Benefits Guaranteed 14th Month Pay Above-market Retirement Plan Design LinkedIn Learning Access Established Performance Incentive Program HMO coverage for employees on day 1 (with pandemic coverage) Free HMO coverage for up to 3 qualified dependents Educational Assistance

Grace is not accepting unsolicited assistance from search firms for this employment opportunity. Please, no phone calls or emails. All resumes submitted by search firms to any employee at Grace via email, the Internet or in any form and/or method without a valid written search agreement in place for this position will be deemed the sole property of Grace. No fee will be paid in the event the candidate is hired by Grace as a result of the referral or through other means.