Cash Application Specialist (1 year contract role with 3-5 year's exp)

5109 EKC ADVANCED ELECTRONICS INDIA PRIVATE LIMITED; Hyderabad; On-site; INR 350,000 - 550,000; Part time

Job summary

Qnity is seeking a skilled cash application professional for a 1-year contract role in Hyderabad. The ideal candidate will apply payments to customer accounts, verify cash receipts, and resolve discrepancies with the credit and dispute teams.

The role requires 3-5 years of experience in cash application or AR, strong accounting knowledge, and proficiency with SAP/Oracle/QuickBooks. Excellent communication and teamwork are essential.

Qualifications

• Bachelor’s degree in accounting or finance.
• 3-5 years experience in cash application or accounts receivable.
• Experience in SAP, Oracle or QuickBooks.
• Strong knowledge of accounting principles and financial reporting.
• Detail-oriented with ability to meet deadlines.
• Excellent problem-solving and communication skills.
• Ability to work independently as well as part of a team.

Responsibilities

• Accurately apply incoming payments to customer accounts based on remittance information.
• Verify and allocate cash receipts, credit card payments, and electronic transfers.
• Monitor and process unapplied cash transactions and resolve discrepancies with the credit team.
• Reconcile cash applications to bank statements and resolve discrepancies.
• Assist in month-end and year-end closing with cash application data.
• Prepare reports on payment applications, aged receivables, and cash flow.

Skills

Cash application

Accounts receivable

Excel

SAP

Oracle

QuickBooks

Attention to detail

Communication skills

Teamwork

Education

Bachelor's degree in accounting or finance

Tools

SAP

Oracle

QuickBooks

ERP systems

Job description

Are you looking to power the next leap in the exciting world of advanced electronics? Do you want to help solve problems that drive success in the rapidly evolving technology and connectivity landscape? Then bring your problem-solving, passion, and creativity to help us power the next leap in electronics. At Qnity, we’re more than a global leader in materials and solutions for advanced electronics and high-tech industries – we’re a tight-knit team that is motivated by new possibilities, and always up for a challenge. All our dedicated teams contribute to making cutting‑edge technology possible. We value forward‑thinking challengers, boundary‑pushers, and diverse perspectives across all our departments, because we know we play a critical role in the world enabling faster progress for all. Learn how you can start or jumpstart your career with us.

Key Responsibilities:

• Cash Application: 1 year contract role, 3-5 year's Experience
• Accurately apply incoming payments to customer accounts based on remittance information.
• Verify and allocate cash receipts, credit card payments, and electronic transfers in a timely manner.
• Monitor and process unapplied cash transactions and work with credit team to resolve discrepancies.
• Reconcile cash applications to bank statements and resolve any discrepancies.
• Assist in the month-end and year-end closing process by providing accurate and timely cash application data.
• Review unapplied cash and follow up with internal departments for resolution.
• Communicate with credit team regarding payment issues, discrepancies, or missing remittances.
• Collaborate with the dispute team to resolve short payments or overpayments, ensuring proper adjustments are made.
• Respond to and process accounting-related requests from internal teams or external customers.
• Prepare and provide reports on payment applications, aged receivables, and cash flow as needed.
• Assist in the preparation of financial reports, including the tracking of cash receipts and accounts.
• Process bad debts, Write-offs, and other adjustments as per company policies.
• Have in-Depth knowledge of the customer refunds process.
• Maintain accurate records of all payment applications and account reconciliations.
• Prepare weekly/monthly cash application reports for management review.
• Assist in the documentation of processes and procedures for cash application activities.
• Identify and recommend process improvements to streamline cash application and reconciliation processes.
• Stay updated with accounting systems and technologies, ensuring efficient and accurate cash application procedures.

Qualifications.

• Bachelor’s degree in accounting, Finance.
• 3-5 years experience.
• Experience in cash application, accounts receivable, or accounting operations.
• Strong knowledge of accounting principles, practices, and financial reporting.
• Proficient in Microsoft Office (Excel, Word, Outlook) and accounting software (e.g., SAP, Oracle, QuickBooks, or other ERP systems).
• Attention to detail with the ability to work under pressure and meet deadlines.
• Excellent problem-solving and communication skills.
• Ability to work independently as well as part of a team.
• Familiarity with cash application best practices and reconciliation processes.

Qnity offers a comprehensive pay and benefits package. To learn more visit the Compensation and Benefits page.

We use Artificial Intelligence (AI) to enhance our recruitment process.

Join a global leader making tomorrow’s technologies possible, from AI to advanced computing and beyond. Here, your ideas spark innovation, your curiosity drives progress, and your journey powers the next leap in electronics.

Qnity is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, religion, creed, sex, sexual orientation, gender identity, marital status, national origin, age, veteran status, disability or any other protected class. If you need a reasonable accommodation to search or apply for a position, please visit our Accessibility Page for Contact Information.

Qnity is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, religion, creed, sex, sexual orientation, gender identity, marital status, national origin, age, veteran status, disability or any other protected class. If you need a reasonable accommodation to search or apply for a position, please visit our Accessibility Page for Contact Information.