Job Title

Cash Applications Specialist

Requisition

JR000014224 Cash Applications Specialist (Open)

Location

Webster Groves (Pharma) - USA038

Additional Locations

St. Louis, MO

Job Description

The Cash Applications Specialist is responsible for handling Mallinckrodt’s cash application processing. Key duties include daily posting of customer and intercompany payments, coding deductions, conducting research to identify remittance errors or omissions, and performing month-end close activities. The Cash Applications Specialist ensures the accurate and timely posting of all customer cash receipts through our banking system. Additional project work may be assigned as needed.

Essential Functions

Oversee the daily execution of the auto-matching program and process unmatched batches promptly.

Analyze and investigate customer remittance errors and omissions.

Collaborate with various departments (Credit/Rebates/Chargebacks, Accounting, etc.) to ensure accurate posting of payments and proper coding of deductions related to gross-to-net accounting.

Handle various methods of payment, including EDI, wires, and checks.

Manage transactions in multiple currencies (USD, EUR, GBP).

Provide audit support as needed.

Ensure compliance with applicable Mallinckrodt policies.

Identify and implement opportunities for continuous improvement to enhance cash flow, operational efficiency, and compliance

Minimum Requirements

High School Diploma

2+ years cash application experience, preferably in the pharmaceuticals industry

Experience working with large distributors and wholesalers, significant remittance values and volumes, as well as complicated deductions processing is preferred

Detail-oriented and accurate with strong analytical skills, a continuous improvement mindset, and a drive to exceed expected results.

Ability to work independently in a fast-paced environment, demonstrating flexibility and adaptability.

Proficient in Microsoft Excel and Outlook

Preferred Skills/Qualifications:

Ability to understand the payment behaviors and identify trends of the company’s larger customers

Strong working knowledge of JDE World, or similar ERP systems

Organizational Relationship/Scope:

This position works with other Finance professionals and the other internal company employees.

Working Conditions:

This position works within a typical office environment.  Hybrid working model in the office 2 days per week and could change based upon business needs.

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