Website:
yminds.ai
Job details:
About the Role
Our client is seeking a detail-oriented Finance Operations Specialist – Cash Receipt & Allocation to support the Credit & Collections function by ensuring customer payments are processed accurately and allocated promptly across Accounts Receivable ledgers. The ideal candidate will possess strong analytical skills, excellent attention to detail, and prior experience in Accounts Receivable and cash allocation. This role plays a critical part in maintaining accurate customer accounts, supporting efficient bank reconciliation, and ensuring reliable financial reporting through timely payment processing and compliance with financial controls.
Key Responsibilities
- Process and allocate incoming customer receipts accurately using Admin Studio.
- Allocate payments based on remittance advice, booking references, and supporting documentation.
- Record bank payment references accurately to support automated bank reconciliation.
- Process receipts across multiple legal entities while ensuring compliance with service level agreements.
- Perform initial reviews of unidentified or unmatched receipts using available banking information.
- Document investigation findings and escalate unresolved allocation issues to the UK Finance team.
- Maintain complete audit trails for all allocation decisions and adhere to Finance governance policies.
- Protect confidential financial and customer information while ensuring compliance with internal controls.
- Continue cash allocation activities during month-end close and support Finance deadlines.
- Prepare structured handovers of outstanding unapplied receipts for the UK team.
- Generate Daily Cash Allocation Reports, Daily Unallocated Cash Reports, and maintain logs of outstanding receipts.
- Escalate operational risks or issues impacting daily processing in a timely manner.
Required Skills
- Previous experience in Accounts Receivable, Cash Allocation, or Finance Operations.
- Strong understanding of Accounts Receivable and payment allocation processes.
- Excellent attention to detail and high levels of accuracy.
- Strong numerical, analytical, and problem-solving abilities.
- Ability to interpret remittance advice and banking information.
- Proficiency in Microsoft Excel and Microsoft Office applications.
- Strong written and verbal communication skills in English.
- Excellent organizational and time management skills.
- Ability to work independently while collaborating with global teams.
- Ability to work under pressure and consistently meet daily operational deadlines.
Nice-to-Have Skills
- Experience working with Admin Studio.
- Experience in a Shared Services environment.
- Knowledge of Finance controls, audit compliance, and governance.
- Experience processing high volumes of customer payments.
- Familiarity with bank reconciliation processes and financial reporting.
- Experience working with UK or international finance operations.
About YMinds.AI
YMinds.AI is a trusted talent acquisition partner helping organizations hire exceptional professionals across Finance, Accounting, Shared Services, Operations, Technology, Artificial Intelligence, Engineering, Product, and Business functions. Through our proprietary EmployAbility.AI platform, we provide pre-vetted professionals who are technically evaluated and aligned with your business requirements, enabling faster and more efficient hiring.
Keywords
Finance Operations Specialist, Cash Allocation, Cash Receipt, Accounts Receivable, Credit & Collections, Payment Allocation, Bank Reconciliation, Finance Operations, Admin Studio, Microsoft Excel, Financial Controls, Audit Compliance, Shared Services, Finance Reporting, Customer Payments, AR Operations
Hashtags
#FinanceOperations #AccountsReceivable #CashAllocation #CreditAndCollections #FinanceJobs #SharedServices #Accounting #BankReconciliation #FinanceHiring #HiringNow #Operations #Excel #YMindsAI
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