Cash Application Team Lead - GCC
- Search Advisers
- 9 - 14 years
- Bengaluru
- 3 years ago
- Email to a friend
- Report this job
Job Description
Dear Candidate,We have Urgent requirement for Cash Application Team Lead at Bangalore Location.
Position : Cash Application Team Lead
Department: OTC
Experience :
Require 7-10 Years of overall experience
Require 2-3 Years of supervisory experience
Prior cash application experience highly desired
Experience in a shared services accounting environment is a Plus
Qualification : Bachelors or Masters
CTC : Best in Industry
Location: Global Capability Center Bangalore.
Reporting to (Job title): Cash Application Associate Manager
Company : Fortune 500 company, top 5 in Consumer Goods.
Company type : BreweryJob Description:
We're looking for a motivated, analytically-minded candidate who can take ownership and who wants to be part of one of the worlds leading consumer products company. The person would be reporting directly to the Cash Application Manager and will be primarily responsible for Supervising a team of individuals in the accounting center and working closely with an offshore team to ensure the accurate and timely postings of Cash Receipts from multiple bank accounts in the designated application.
1. PURPOSE OF ROLE
The position reports directly to the Cash Application Manager and is primarily responsible for Supervising a team of individuals in the accounting centre and working closely with an offshore team to ensure the accurate and timely postings of Cash Receipts from multiple bank accounts in the designated application.
2. KEY TASKS AND ACCOUNTABILITIES
Supervise the cash application specialists and ensure cash is posted accurately and timely in accordance with company policies.
Involved in hiring, training, development, performance and attendance management of cash application team members
Monitor, evaluate and implement improvements to the cash application process for execution as to meet or exceed department goals
Manage all A/R cash files to support customer payments, deductions, and adjustments
Manage A/R Adjustments and research of unapplied credits to determine disposition and resolution of unresolved items
Manage daily and weekly reporting of cash applications processes and unapplied cash
Provide mentoring and leadership to attract, develop and retain talent.
Coach and build team, support professional development, review and assess performance and enable employees to maximize their performance.
Identify resistance and performance gaps, and work to develop and implement corrective actions
Manage Special Projects as assigned
3. BUSINESS ENVIRONMENT
Please describe how the role fits into, and interacts with, the wider business. Include a summary of the activities of the wider department/business function in which this role is based. Please also use this section to highlight the key strategic interactions (in terms of scope, key business relationships leveraged, etc) if this is applicable.
Main Characteristics: Challenges
- Be a subject matter expert to the Cash Application process (OTC Tower)
- Maintain effective relationships with key stakeholders & address their concerns during daily, weekly, monthly reporting cycle
- Be closely connected with Business Operations
Evaluation Criteria (Targets):
- Cash Applied on time
- Accuracy of the cash applied
- Unapplied Cash reduction
- Regular reporting (as required / agreed)
- Number of value adds: Improvements, Automation (recommendations made)
Key Dimensions:
- Global Director Finance Operations
- Tower Lead OTC
- Process improvement & efficiency lead
Key Contacts:
- Canada Local Team
- Canada Credits/Collections Team
- Canada Logistics Team
Geographical Scope:
- Canada
4. QUALIFICATIONS, EXPERIENCE, SKILLS
Please list the following requirements
Level of educational attainment required:
o Bachelors or Masters
Previous work experience required:
o Require 7-10 Years of overall experience
o Require 2-3 Years of supervisory experience
o Prior cash application experience highly desired
o Experience in a shared services accounting environment is a Plus
Language skills required
o Strong verbal and written communications skills
IT skills required
o Intermediate/Advanced Word, Excel and Presentations Skills required
5. COMPETENCIES
Please list the technical competencies for optimal performance. Differentiate between essential, desirable, and less relevant technical competencies.
Behavioural Competencies:
Builds trust
Honest and fair
Interpersonal skills
Positive attitude
Productive
Takes responsibility and makes effective decisions
Problem solving
Planned and organized
Attention to details
Analytical skills
Time management skills
Interpersonal Expertise:
Resolves conflicts constructively
Respect for others
Supports diversity and understand others perspectives
Communicates effectively
Education:
* Bachelors or Masters
Mandatory Requirements:
Require 7-10 Years of overall experience
Require 2-3 Years of supervisory experience
Prior cash application experience highly desired.
Experience in a shared services accounting environment is a Plus.
Proven ability to handle several projects simultaneously
Work well under pressure & able to meet deadlines
Ability to lead, motivate and coach a team.
High degree of accuracy with a good eye for detail
Self-motivated and proactive
Demonstrate ability to take initiative and achieve results in a fast-paced and changing environment
Demonstrate ability in Strategic Agility, Problem Solving, Priority Setting and Planning, and Delegation
Strong verbal and written communications skills
Intermediate/Advanced Word and Excel Skills required
Primary Responsibilities:
Supervise the cash application specialists and ensure cash is posted accurately and timely in accordance with company policies.
Involved in hiring, training, development, performance and attendance management of cash application team members
Monitor, evaluate and implement improvements to the cash application process for execution as to meet or exceed department goals
Manage all A/R cash files to support customer payments, deductions, and adjustments
Manage A/R Adjustments and research of unapplied credits to determine disposition and resolution of unresolved items
Manage daily and weekly reporting of cash applications processes and unapplied cash
Provide mentoring and leadership to attract, develop and retain talent.
Coach and build team, support professional development, review and assess performance and enable employees to maximize their performance.
Identify resistance and performance gaps, and work to develop and implement corrective actions
Manage Special Projects as assigned
Thanks & Regards,
Minakshi Soni
Perks and Benefits
Plus Variable Component 1.5 LPA to 2 LPAJob Classification
Industry: FMCG, Foods, BeverageFunctional Area: ITES, BPO, KPO, LPO, Customer Service, Operations,
Role Category: Back Office/Web/Transaction Processing
Role: Back Office/Web/Transaction Processing
Employement Type: Full time
Education
Under Graduation: B.Com in Commerce, B.B.A / B.M.S in ManagementPost Graduation: MBA/PGDM in Any Specialization, M.Com in Commerce
Doctorate: Doctorate Not Required, Any Doctorate in Any Specialization
Contact Details:
Company: Search Advisers Services ( GUJ ) Pvt. Ltd.Location(s): Bengaluru
Website: http://www.searchends.com
+ View Contact
Keyskills: Receivables Accounts receivables Accounting Finance Cash Posting Process Improvement AR Team Building Subject Matter Expertise Team Leading Consumer Goods Collections Cash Applications OTC
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₹ 10,00,000 - 13,00,000 P.A
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