Cash Applications Specialist | Hybrid

DiscoverYourMark and Be part of our highly dynamic team to enjoy the following benefits:

• HMO coverage from day 1 of employment for you and your dependents with Maternity coverage
• Expanded Medical Benefit
• Accident and life insurance
• Dental and optical reimbursements
• Free medical consultation with Lexmark’s in-house doctors
• Employee privilege access to lactating, gaming, music and sleeping room
• Health and wellness activities
• Work-life balance
• Semi flex schedule and alternative work arrangements
• Dress down Friday and Shift Allowance
• Company-sponsored team bonding activities
• Career advancement opportunities
• Unlimited access to online learning

***eligibility guidelines apply***

JOB PURPOSE/MISSION/SUMMARY:

A Cash Application Specialist is responsible for performing accounting activities to enable the company to generate a sound and accurate financial statement monthly, quarterly and annually. Duties include reviewing transactions, posting adjusting entries, collecting and evaluating data, conducting analysis, and preparing reconciliations and recommendations.

KEY ROLES & RESPONSIBILITIES:

• Ensures customer remittances are posted accurately and timely in order to update customer accounts receivable balances and increase customer credit limit.
• Generate daily bank statement.
• Identify, reconcile and post customer remittance.
• Communicate to Collection team for unidentified receipts credited in Lexmark-IN bank account.
• Review early payment discount.
• Create chargeback on customer accounts for payments made beyond the discounting period and enforce collection to Collection team.
• Generate payment remittance and sales order information for credit card transactions.
• Reconcile SAP data against accredited credit card/payment processing company. Identify payment residual and post credit card transaction.

• Reconciles factoring remittance against documents purchased by Factoring Company.
• Identify discrepancy and exclude document when clearing normal accounts receivable.
• Review and post customer receipts for factored documents.
• Identify and post factoring payable amount.
• Reconciles cleared factored amount against payable account.

• Ensures accurate customer master set-up and on time collection of invoices.
• Review customer signed mandate and request set-up in SAP. Communicate to Collection team for any exceptions noted.
• Reconcile proposal list and ensure that all invoices are collected on time. Request adjustment of value date if falls on a banking holiday.

• Engage actively in the new projects and support the establishing and implementing process optimization actions for the respective area.
• Identify inefficiencies to establish consistent process models for the legal entities in scope, while ensuring compliance with internal and external laws, rules and regulations.

• Completes monthly, quarterly and yearly close activities to ensure integrity of financial statements.
• Ensures all period transactions are booked and posted. Reviews balance sheet accounts for proper classification.

• Ensures that all ledger’s transactions and reconciliations are in compliance to Corporate Accounting Instruction, Cash Application Global Procedure & Policy, and Corporate Financial Policies.
• Ensures that process documentations are revelated per revaluation schedule or annually.

• Reviews AR aging and escalates aged items needing resolution to the Regional Coordinators/Controllers and OTC Management.
• Provides fluctuation analysis for Consolidations and Stakeholders reporting.
• Assists in providing schedules for Statutory and audit requirements.
• Prepares and presents measurements result to stakeholders through monthly update of Cash Application Metrics.

COMPETENCIES, SKILLS, KNOWLEDGE & ABILITIES:

• Strong Analytical and Communication Skills.
• Proficient in Microsoft Office Applications.
• Knowledge in SAP (System Application and Products).
• Attentive to detail and accuracy.
• Can work under pressure and minimal supervision.
• Wide knowledge in Accounting.
• Ability to work with people across different organizations.

EDUCATION, EXPERIENCE & CERTIFICATIONS BASIC REQUIREMENTS:

• College Degree in BS Accountancy (or Management Accounting), CPA is an advantage.
• 2 years related or Accounting experience
• Knowledge on billings, and credit and s, preferred but not required
• Excellent oral and written English communication skills
• Strong people and interpersonal skills