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Finance Shared Services Analyst E – Cash Application

  • @FIS Global posted 3 weeks ago
  • Posted : 07/01/2022 -Accepting applications
  • View(s) 10

Job Description

Position Type :

Full time

Type Of Hire :

Experienced (relevant combo of work and education)

Education Desired :

Bachelor of Accounting

Travel Percentage :

0%

About the opportunity

Are you curious, motivated, and forward-thinking? At FIS you’ll have the opportunity to work on some of the most challenging and relevant issues in financial services and technology. Our talented people empower us, and we believe in being part of a team that is open, collaborative, entrepreneurial, passionate and above all fun.

About the team

This position will have an active role in ensuring cash collections are appropriately applied against customer receipts, review of AR Aging, effective co-ordination with BU management & collection managers, daily and weekly supervisory reviews, the monthly accounting close, month-end closure reporting, and ad hoc reporting. FIS is a highly dynamic, fast-paced organization. You will be contributing to one of the leading global providers of technology for the financial services industry

What you bring:

Knowledge / Experience

This position will be responsible for processing all assigned tasks, including, but not limited to:

  • Has good knowledge of Cash Application process, procedures, and systems to be used in carrying out assigned tasks related to the process and a basic understanding of the underlying concepts and principles

  • Review and assignment of cash application generic mailbox and ensuring timely completion of all requests

  • Understanding of Bad Debts entries and reconciliation of accounts.

  • Co-ordination with business units for open items including escalations as needed

  • AR aging review

  • Journal Entries/MBEs for Adjustments and Reclasses to Reconciliation Accounts.

  • Understanding of WHT concepts.

  • Reports to be worked upon – Unallocated Credits, Supervisory report to ensure GL and Bank tallies etc.

  • Organize/Co-ordinate and participate in team meetings, con-calls etc.

  • Month-end closure reporting – Unapplied Cash Account reconciliation review, Monthly Collections Report, Cash Metrics, Reserves, or any other report as assigned etc.

Knowledge/Experience/skills/Qualification:

  • Strong Accounting Knowledge – Cash Application, Accounts Receivable, Revenue Accounting

  • 0-3 years of in experience in Cash Application

  • Good Communication Skills – Written and Verbal and Good in MS Excel

  • Minimum Educational Qualification – B.Com

  • Sound knowledge Oracle ERP

  • Ability to analyze reports and function as an SME/SPOC

  • Proactively look for new creative ideas and implement process improvements

  • Ability to understand and resolve queries from business units and team members

  • Ability to co-relate figures, do analysis, and make relevant comments

  • Basic knowledge of reserve provisions and revenue accounting

  • A good team player

  • Experience of working with global/other teams

  • High regard for deadlines and deliverables

Competencies:

  • Service driven attitude

  • Meet due dates

  • High work standard

  • Has initiative/self-starter/pro-active

  • Goal oriented

  • Team player

What we offer you

  • A multifaceted job with a high degree of responsibility and a broad spectrum of opportunities

  • A broad range of professional education and personal development possibilities – FIS is your final career step!

  • A competitive salary and benefits

  • A variety of career development tools, resources and opportunities

With a 50-year history rooted in the financial services industry, FIS™ is the world's largest global provider dedicated to financial technology solutions. We champion clients from banking to capital markets, retail to corporate and everything touched by financial services. Headquartered in Jacksonville, Florida, our 53,000 worldwide employees help serve more than 20,000 clients in over 130 countries. Our technology powers billions of transactions annually that move over $9 trillion around the globe. FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index.

FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the FIS Online Privacy Notice.

Privacy Statement

FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice.

Sourcing Model

Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.

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Required skills