Senior Specialist - Cash Applications

Danisco India Pvt. Ltd.; Hyderabad; Hybrid; INR 700,000 - 1,100,000; Full time

Benefits offered by this job

Hybrid model (3 days/week)

Training opportunities

Two-way transportation

Job summary

IFF in Hyderabad (hybrid role) is seeking a Cash Applications professional to manage bank statement downloads, remittance-based cash posting, and reconciliation in SAP. You will maintain suspense accounts, process refunds, and support process improvements while ensuring accuracy and compliance.

You will collaborate with AP, GL, and onshore teams, handle month-end activities, and mentor teammates to address issues promptly in a fast-paced global environment.

Qualifications

• Bachelor’s degree in accounting, Finance, or an equivalent professional qualification.
• 4-8 years of experience in Cash Application processes.
• Proficiency in SAP and strong working knowledge of Microsoft Excel and email applications.
• Excellent communication skills in English, both written and verbal.
• Flexible with work responsibilities and adaptable to changing schedules.
• Knowledge of month-end activities with the ability to proactively identify and address issues.
• Strong adherence to compliance standards and internal controls.
• Ability to initiate and contribute to process improvement ideas.
• Collaborative mindset with capability to work effectively across teams.

Responsibilities

• Download bank statements from the bank portal as required and ensure timely reconciliation of feeds received in SAP.
• Perform daily cash application based on remittances and research on-account items for accurate allocation.
• Maintain and clear suspense accounts while updating comments for open items in Blackline related to customer accounts.
• Process small balance write-offs and handle refund requests for duplicate, over, or incorrect customer payments.
• Periodically update Standard Operating Procedures (SOPs) to reflect process improvements and compliance requirements.
• Collaborate with AP, GL, and onshore teams to resolve customer queries and ensure smooth operations.
• Understand upstream and downstream processes and their impact on cash application and reconciliation activities.
• Mentor team members, resolve their queries, and coordinate with related teams to address issues promptly.
• Consistently meet daily productivity and quality targets while maintaining accuracy and compliance.

Skills

Communication skills

Learning agility

Collaborative mindset

Adaptability

Education

Bachelor's degree in accounting/Finance

Tools

SAP

Microsoft Excel

Email applications

Job description

Job Summary

Are you passionate about service excellence? Would you love to work for a global organization that is doing more good for people and planet? IFF is a global leader in flavors, fragrances, food ingredients and health & biosciences, we deliver sustainable innovations that elevate everyday products. Global Business Services: Delivering streamlined, scalable support—enhancing efficiency, compliance and service excellence across the company. The role is based in Hyderabad, India(hybrid role). Be part of a Strategic and Customer-focused team where together we can achieve greatness and make a real impact. Your potential is our inspiration.

Where You’ll Make a Difference

• Download bank statements from the bank portal as required and ensure timely reconciliation of feeds received in SAP.
• Perform daily cash application based on remittances and research on-account items for accurate allocation.
• Maintain and clear suspense accounts while updating comments for open items in Blackline related to customer accounts.
• Process small balance write-offs and handle refund requests for duplicate, over, or incorrect customer payments.
• Periodically update Standard Operating Procedures (SOPs) to reflect process improvements and compliance requirements.
• Collaborate with AP, GL, and onshore teams to resolve customer queries and ensure smooth operations.
• Understand upstream and downstream processes and their impact on cash application and reconciliation activities.
• Mentor team members, resolve their queries, and coordinate with related teams to address issues promptly.
• Consistently meet daily productivity and quality targets while maintaining accuracy and compliance.

What Makes You the Right Fit

• Bachelor’s degree in accounting, Finance, or an equivalent professional qualification.
• 4-8 years of experience in Cash Application processes.
• Proficiency in SAP and strong working knowledge of Microsoft Excel and email applications.
• Excellent communication skills in English, both written and verbal.
• Flexible with work responsibilities and adaptable to changing schedules.
• Knowledge of month-end activities with the ability to proactively identify and address issues.
• Strong adherence to compliance standards and internal controls.
• Ability to initiate and contribute to process improvement ideas.
• Collaborative mindset with capability to work effectively across teams.

How Would You Stand Out?

• Demonstrate strong learning agility by quickly adapting to new processes, tools, and regulatory requirements.
• Exhibit excellent written and verbal communication skills to convey information clearly and effectively.
• Foster a collaborative spirit by working seamlessly with cross-functional teams and building positive relationships.

Why Choose Us?

• Hybrid model(3 days/week).
• Training opportunities.
• Two-way transportation.

We are a global leader in taste, scent, and nutrition, offering our customers a broader range of natural solutions and accelerating our growth strategy.

At IFF, we believe that your uniqueness unleashes our potential.

We value the diverse mosaic of the ethnicity, national origin, race, age, sex, or veteran status.

We strive for an inclusive workplace that allows each of our colleagues to bring their authentic self to work regardless of their religion, gender identity & expression, sexual orientation, or disability.

Visit IFF.com/careers/workplace-diversity-and-inclusion to learn more

At IFF, we make joy through science, creativity and heart.

As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that elevate everyday products – advancing wellness, delighting the senses and enhancing the human experience. We value an inclusive, creative workplace where all individuals can thrive and do their best work. We consider all qualified candidates equally and based on merit, without regard to religion, ethnicity, national origin, race, age, veteran status, gender identity or expression, sexual orientation or disability.