Lead Cash Allocations Representative
myGwork - LGBTQ+ Business Community
Date: 5 hours ago
City: Quezon City
Contract type: Full time

This job is with Thermo Fisher Scientific, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.
Work Schedule
Second Shift (Afternoons)
Environmental Conditions
Office
Job Description
When you are part of Thermo Fisher Scientific, you’ll do challenging work, and be part of a team that values performance, quality and innovation. As part of a successful, growing global organization you will be encouraged to perform at your best. With revenues of $40 billion and the largest investment in R&D in the industry, we give our people the resources and opportunities to make significant contributions to the world.
Position Summary
The Lead Cash Allocations Representative will play a key role within the Order-to-Cash (OtC) department, in applying the day to day recording of cash receipts for allocated countries. In this role you will be responsible for Accounts Receivable transaction processing such as payment posting, unapplied cash resolution, and debit/credit offsets.
As part of this role, you will be communicating with external and internal customers, including the Credit and Collections team, Accounting team and other Thermo Fisher departments to align with the different processes and resolve in the most timely manner the various medium to high complexity cases that may arise. As a Lead, you will also be supporting process improvement opportunities within the department.
Responsibilities
Proven attention to detail and accuracy.
Demonstrated proficiency in collaborating effectively with a wide range of people to achieve common goals.
Comfortable in a fast-paced environment.
Ability to work independently in order to resolve complex issues and perform first level customer concerns
Strong organisational and time management skills to ensure prioritisation and timely completion of tasks and efficiency in handling multiple responsibilities simultaneously.
Initiative and organisation skills are valuable to ensure the timely completion of a large volume of work
Willingness to train and mentor newcomers
Problem-solving and analytical ability.
University or College degree.
Proficiency in Microsoft Office software is required (Outlook, Excel, etc.).
Previous +3 years of work experience in Shared Service Centers in a similar role is required.
Proven experience and capability to handle at least one ERP (SAP, Oracle, JD Edwards, etc.).
Experience in Banking portals.
At Thermo Fisher Scientific, each one of our 100,000 extraordinary minds has a unique story to tell. Join us and contribute to our singular mission - enabling our customers to make the world healthier, cleaner and safer.
Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability or any other legally protected status.
Work Schedule
Second Shift (Afternoons)
Environmental Conditions
Office
Job Description
When you are part of Thermo Fisher Scientific, you’ll do challenging work, and be part of a team that values performance, quality and innovation. As part of a successful, growing global organization you will be encouraged to perform at your best. With revenues of $40 billion and the largest investment in R&D in the industry, we give our people the resources and opportunities to make significant contributions to the world.
Position Summary
The Lead Cash Allocations Representative will play a key role within the Order-to-Cash (OtC) department, in applying the day to day recording of cash receipts for allocated countries. In this role you will be responsible for Accounts Receivable transaction processing such as payment posting, unapplied cash resolution, and debit/credit offsets.
As part of this role, you will be communicating with external and internal customers, including the Credit and Collections team, Accounting team and other Thermo Fisher departments to align with the different processes and resolve in the most timely manner the various medium to high complexity cases that may arise. As a Lead, you will also be supporting process improvement opportunities within the department.
Responsibilities
- Daily monitoring of incoming cash
- Process all Bank Receipts in a timely and accurate manner
- Ensure the allocation of Debtors suspense amounts against customers or to appropriate G/L area
- Record cheque receipts, log cheques with bank, follow through until receipt into the account
- Process Direct Debits and liaise with Treasury teams to ensure end to end approval
- Investigate and resolve any discrepancies
- Ensure sufficient documentation is maintained to trace all transactions and maintain reconciliation (debtor suspense movements, unallocated cash, cheque receipts, etc.)
- Perform month end activities such as account reconciliation, month end close and month end reporting
- Liaise with the internal credit control team to discuss any complex unallocated payments
- Contact customers to obtain remittances or resolve outstanding cash entries
- Review and action any Unallocated Cash amounts on a regular basis
- Provide timely insight to leaders of difficult team cases that have not been resolved, in order to obtain the most appropriate guidance.
- Develop knowledge in systems and / or platforms of the company for the assigned processes according to the division. To know the "end to end" of your processes.
- Ensure the performance of tasks is carried out in line with company policies, internal controls and Sarbanes-Oxley requirements
- Ensure completion of Cash Application tickets and other requests (including credit cards), within established SLAs through the correct process, with attention to detail to provide the expected quality according to the request.
- Verify that approvals are in accordance with the matrices established for the applicable processes before completing the application.
- Assist with requests for internal or external audits, compiling the support of the requested samples.
- Find opportunities for improvement of processes related to the department, proposing solutions and standard processes.
- Additional tasks may include:
- Cover other cash application work during holidays / absences
- Participate in the updating of position manuals or process support documentation when required.
- Assist with the training and mentoring of new employees joining the OtC department.
- Other additional duties or tasks may be assigned periodically by the Line Manager.
- Skills:
Proven attention to detail and accuracy.
Demonstrated proficiency in collaborating effectively with a wide range of people to achieve common goals.
Comfortable in a fast-paced environment.
Ability to work independently in order to resolve complex issues and perform first level customer concerns
Strong organisational and time management skills to ensure prioritisation and timely completion of tasks and efficiency in handling multiple responsibilities simultaneously.
Initiative and organisation skills are valuable to ensure the timely completion of a large volume of work
Willingness to train and mentor newcomers
Problem-solving and analytical ability.
- Qualifications and experience
University or College degree.
Proficiency in Microsoft Office software is required (Outlook, Excel, etc.).
Previous +3 years of work experience in Shared Service Centers in a similar role is required.
Proven experience and capability to handle at least one ERP (SAP, Oracle, JD Edwards, etc.).
Experience in Banking portals.
At Thermo Fisher Scientific, each one of our 100,000 extraordinary minds has a unique story to tell. Join us and contribute to our singular mission - enabling our customers to make the world healthier, cleaner and safer.
Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability or any other legally protected status.
How to apply
To apply for this job you need to authorize on our website. If you don't have an account yet, please register.
Post a resumeSimilar jobs
Cash Allocations Representative
myGwork - LGBTQ+ Business Community,
Quezon City
7 hours ago
This job is with Thermo Fisher Scientific, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly. Work ScheduleSecond Shift (Afternoons)Environmental ConditionsOfficeJob DescriptionPosition Summary:The Cash Allocations Representative will play a key role within the Order-to-Cash (OtC) department, in applying the day to day recording of...

Accounting Supervisor
TapTalent.ai,
Quezon City
2 days ago
We're Hiring: Accounting Supervisor! We are looking for a detail-oriented and experienced Accounting Supervisor to lead our accounting team in Quezon City, Philippines. The ideal candidate will have a strong background in accounting principles, financial reporting, and team management to ensure the accuracy and integrity of our financial records. Location: Quezon City, Philippines Work Mode: Work From Office Role: Accounting...

Nonvoice/ Voice Agent - Start ASAP
Caldwell Communications,
Quezon City
2 days ago
For regular employees, we offer an industry-leading benefits package that includes: Competitive Salary 13th Month Pay HMO with 3 free Beneficiaries on Day One20% ND Maternity/Paternity Leave Opportunity for rapid career growth for Top Performers Retirement/Life Insurance for Qualified Staff Work-life Balance Processes and ProgramsJob Responsibilities Answers phone calls and provides important information/ assistance to clients Checks mail, fax, and...
