Financial Applications Specialist

2 days ago


Hyderabad City Taluka, Pakistan Dupont Full time

At DuPont, our mission is to drive innovation and progress. We strive for excellence in everything we do.

We are seeking a highly skilled Cash Application Specialist to manage the processing of incoming payments, ensuring accurate allocation to customer accounts and maintaining financial records. This position requires coordination between internal teams, customers, and financial departments to ensure timely and correct application of payments and resolution of discrepancies.

Key Responsibilities:

  1. Accurate Payment Allocation: Apply incoming payments to customer accounts based on remittance information.
  2. Cash Receipt Verification: Verify and allocate cash receipts, credit card payments, and electronic transfers in a timely manner.
  3. Unapplied Cash Resolution: Monitor and process unapplied cash transactions and work with the credit team to resolve discrepancies.
  4. Bank Reconciliation: Reconcile cash applications to bank statements and resolve any discrepancies.
  5. Closing Process Assistance: Assist in the month-end and year-end closing process by providing accurate and timely cash application data.
  6. Follow-up and Communication: Review unapplied cash and follow up with internal departments for resolution. Communicate with the credit team regarding payment issues, discrepancies, or missing remittances.
  7. Dispute Resolution: Collaborate with the dispute team to resolve short payments or overpayments, ensuring proper adjustments are made.
  8. Accounting Requests: Respond to and process accounting-related requests from internal teams or external customers.
  9. Reporting and Analysis: Prepare and provide reports on payment applications, aged receivables, and cash flow as needed.
  10. Financial Data Tracking: Assist in the preparation of financial reports, including the tracking of cash receipts and accounts.
  11. Bad Debts and Adjustments: Process bad debts, write-offs, and other adjustments as per company policies.
  12. Record Maintenance: Maintain accurate records of all payment applications and account reconciliations.
  13. Cash Application Reporting: Prepare weekly/monthly cash application reports for management review.
  14. Process Documentation: Assist in the documentation of processes and procedures for cash application activities.
  15. Process Improvement: Identify and recommend process improvements to streamline cash application and reconciliation processes.
  16. Technology Updates: Stay updated with accounting systems and technologies, ensuring efficient and accurate cash application procedures.


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