Junior Cash Application Analyst

Versigent; Pune District; On-site; INR 400,000 - 550,000; Full time

Job summary

Versigent seeks an entry-level AR/OTC Cash Posting Analyst in Pune to execute day-to-day cash posting within the Order to Cash process under close guidance. You will post customer payments, match remittances, clear suspense items, and support bank reconciliations and month-end close tasks, ensuring data accuracy and compliance with internal controls.

Collaborate with Collections, Credit and Treasury to resolve mismatches, provide timely status updates, and participate in continuous improvement

Qualifications

• Education in Finance/Accounting/Economics or related field.
• 1 year in AR/OTC/cash application or accounting operations preferred.
• Basic understanding of AR and OTC cash flow.
• Proficiency in MS Excel (lookups, filters, pivots).
• Exposure to SAP/major ERP and bank portals.
• Ability to read bank statements and remittance advices.

Responsibilities

• Post daily incoming cash to customer accounts and reconcile bank data.
• Match remittances, reference data, and clear unapplied items per SOP.
• Support month end close activities and provide audit-ready records.
• Collaborate with Collections, Credit, Billing and Treasury to fix mismatches.
• Identify minor process improvements and update SOPs as needed.

Skills

MS Excel

Bank statements reading

English proficiency

Attention to detail

Time management

Education

Finance/Accounting/Economics degree

Tools

SAP/ERP

Bank portals

Job description

Role Overview

Execute day to day cash posting activities within the Order to Cash process under close guidance. Post customer payments against open items, match remittances, clear suspense/on account items, and support bank reconciliations and month end tasks. Maintain high data accuracy, follow Versigent controls and work instructions, and collaborate with Collections/Credit and Treasury to ensure timely, compliant, and high quality cash application service.

Duties and Responsibilities

1. Cash Posting & Clearing

• Post daily incoming cash to customer accounts (bank statements, lockbox, SEPA/ACH, wire, checks).
• Match remittances and reference data (payer, invoice, amount, discounts, short pays); clear unapplied/on account items per SOP.
• Escalate missing/incomplete remittance info; support invoice level research with Collections/Credit.
• Support month end close activities (cut offs, checklists, reconciliations).

2. Controls, Documentation & Compliance

• Follow documented work instructions/SOPs, segregation of duties, and basic control checks.
• Maintain accurate posting records and audit trail; file supporting evidence (SharePoint/Workflow).
• Support internal/external audit requests.

3. Stakeholder Collaboration

• Communicate proactively with Collections, Credit, Billing, Treasury and local finance to resolve mismatches and missing data.
• Provide timely status updates and respond to inquiries professionally.

4. Continuous Improvement

• Identify minor issues (e.g., recurring remittance gaps) and propose simple fixes.
• Update checklists and suggest SOP clarifications.

Basic Requirements (R – required, P – preferred)

Education & Experience

• Education in Finance/Accounting/Economics or related (P).
• At least 1 year in AR/OTC/cash application or accounting operations (P).
• Technical Skills
• Basic understanding of AR and OTC cash flow (R).
• MS Excel (lookups, filters, pivots basic) (R).
• Exposure to SAP/major ERP and bank portals (P).
• Ability to read bank statements and remittance advices (R).

Soft Skills

• English (written/spoken) at working proficiency (R).
• High attention to detail, numerical accuracy (R).
• Good organization, time management, ability to meet daily cut‑offs (R).
• Teamwork, willingness to learn, positive and proactive attitude (R).
• Flexibility to support shift coverage when needed (P).

Privacy Notice - Active Candidates: https://www.versigent.com/privacy-statement

Versigent is an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, gender identity, sexual orientation, disability status, protected veteran status or any other characteristic protected by law.