Accounts Receivable Associate - Payment Applications
Continental
Date: 10 hours ago
City: Makati City
Contract type: Full time
Company Description
Global Business Services Manila is the only ContiTech location in the Philippines providing support to global stakeholders (e.g. NAR, EuroAsia)
Job Description
Reconcile all bank transmissions of lockbox/bank data daily to ensure all bank accounts are balanced to zero
Provide a defined reason for the out of balance condition"
Downloading / Uploading of Bank Statement (BS) to know if there are incoming payments or deposits from customers that needs to be processed. BS summarizes deposits and other credits and checks and other debits. (EURASIA ONLY) Process Lockbox and identify payments not automatically captured by the system (NAR only)
Set up residuals according to the Residual Short Text Description Guide (NAR ONLY)
Print remit detail of the bank’s remittance exceptions and resolve payment application issues.
Apply and record “unapplied cash” to customer accounts.
Retrieve remittance information from the Veyance.com address, move it the appropriate customer folder, and apply to open receivables when the payment is received.
Bachelors Degree or equivalent work experience
0-2 years experience in Payment Applications or any Order to Cash Processes
Experience in Accounts Receivable process improvement
Proficient in using SAP preferred Proficient in using Microsoft Office Suite
not required
0-1 year experience in BPO or shared services, preferred but not required.
Additional Information
Global Business Services Manila is the only ContiTech location in the Philippines providing support to global stakeholders (e.g. NAR, EuroAsia)
Job Description
Reconcile all bank transmissions of lockbox/bank data daily to ensure all bank accounts are balanced to zero
Provide a defined reason for the out of balance condition"
Downloading / Uploading of Bank Statement (BS) to know if there are incoming payments or deposits from customers that needs to be processed. BS summarizes deposits and other credits and checks and other debits. (EURASIA ONLY) Process Lockbox and identify payments not automatically captured by the system (NAR only)
Set up residuals according to the Residual Short Text Description Guide (NAR ONLY)
Print remit detail of the bank’s remittance exceptions and resolve payment application issues.
Apply and record “unapplied cash” to customer accounts.
Retrieve remittance information from the Veyance.com address, move it the appropriate customer folder, and apply to open receivables when the payment is received.
- Retrieve EFT, ACH, wire remittance information received and input and process remittances against customer accounts and invoices.
- Check and Monitor NSFs and refunds and coordinate this to the collector assigned
- Process and post of intercompany payments
- Processing of Legg Payments
Bachelors Degree or equivalent work experience
0-2 years experience in Payment Applications or any Order to Cash Processes
Experience in Accounts Receivable process improvement
Proficient in using SAP preferred Proficient in using Microsoft Office Suite
not required
0-1 year experience in BPO or shared services, preferred but not required.
Additional Information
- Hybrid work setup
- HMO upon hire
- Values-based culture
- Learning Opportunities
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