This is where you save and sustain lives

At Baxter, we are deeply connected by our mission. No matter your role at Baxter, your work makes a positive impact on people around the world. You'll feel a sense of purpose throughout the organization, as we know our work improves outcomes for millions of patients.

Baxter's products and therapies are found in almost every hospital worldwide, in clinics and in the home. For over 85 years, we have pioneered significant medical innovations that transform healthcare.

Together, we create a place where we are happy, successful and inspire each other. This is where you can do your best work.

Join us at the intersection of saving and sustaining lives—where your purpose accelerates our mission.

Summary

The Cash Application Specialist is responsible for processing electronic and manual payments in multiple currencies and applying them to appropriate accounts, initiating auto cash runs, problem resolution and processing of automation exceptions around the remittance and cash application functions.

Essential Duties and Responsibilities

Retrieve EFT, ACH payment information received and input and process remittances against customer accounts and invoicesRun/monitor the auto cash application routinesAccurately balance deposits received and accounts receivable in the ERPIdentify short-pays or discounts taken and request credit notes if applicable Apply and record “unapplied cash” to customer accounts and monitor unapplied cash levelsCollaborate with the Customer or the Accounts Receivable team as necessary to ensure cash is appropriately applied to open invoicesResolve issues associated with cash posting by working with both external and internal partiesManage banking relationships for specific countries or customer groups within the area of responsibility, and collaboratively with the Treasury team responsible for banking relationshipsPartner with Accounts Receivable and Customers to improve the information detail and quality of remittance advices to increase cash application accuracyDevelop an understanding of the technologies involved in the end to end process, and identify opportunities for improvementMonitor cash application errors and automation exceptions 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 processFacilitate any refunds due to client through ERPKeep up to date and develop process specific competencies and technical skillsSupport the continuous improvement projects as assigned by the Cash Application Team Lead

Qualifications

Great communication skills ]Problem solving skillsHighly organizedAbility to meet strict deadlinesAdaptable to new ideas and ways of accomplishing tasksAbility to work in a team environment

Education and/or Experience

Bachelor degree in Finance or AccountingAt least 1 year experience in SSC or similar corporate roleProficient in using Microsoft Office suiteFunctional knowledge of the accounts receivable processesExperienced user of JDE and C2C Technology Cash Application module (ideal) Prior experience with ERP, cash application automation solutions preferred

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Reasonable Accommodations

Baxter is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the link here and let us know the nature of your request along with your contact information.

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