Cash Applications Associate

Lean Solutions Group; Makati; On-site; PHP 420,000 - 540,000; Full time

Job summary

Lean Solutions Group in Makati City, Philippines, is seeking an AP/AR & Cash Applications Associate to manage end-to-end income application, reconcile receipts daily, and maintain AR cycle integrity through meticulous attention to detail.

You will process payments (ACH, wires, cards, checks), perform daily reconciliations, resolve unapplied funds, collaborate with Credit and Collections, and support month-end close with audits.

Qualifications

• Bachelor's degree in Accountancy, Finance or related business field preferred.
• 1-3 years of experience in Accounts Receivable (AR) or Cash Applications.
• Hands-on experience with ERP systems (NetSuite, SAP, Oracle) and advanced MS Excel skills.

Responsibilities

• Payment Processing: Post payments accurately (ACH, wires, credit cards, checks) to keep customer balances current.
• Daily Reconciliation: Align cash inflows with bank statements and ledgers for 100% data accuracy.
• Discrepancy Management: Research/unapplied funds, investigate short-pay/overpayments to resolve balances.
• Cross-Functional Collaboration: Partner with Credit and Collections to streamline order-to-cash processes.
• Ledger Maintenance: Manage lifecycle of customer accounts; process refunds, adjustments, write-offs, addendums.
• Period-End Support: Prepare reconciliations, AR reports, and documentation for audits.
• Compliance & Controls: Adhere to internal controls and accounting procedures.

Skills

Analytical precision

Problem-solving

Efficiency

Integrity

Communication

Education

Bachelor's degree in Accountancy, Finance

Tools

NetSuite

SAP

Oracle

MS Excel

Job description

Job Purpose

The AP/AR & Cash Applications Associate is responsible for the end-to-end management of income, specifically focusing on the precise application of payments to customer ledgers. You will ensure that all financial receipts are reconciled daily, discrepancies are resolved promptly, and the Accounts Receivable (AR) cycle remains fluid. This role is critical in maintaining the integrity of our financial records through meticulous attention to detail and proactive collaboration with the broader finance team.

Roles & Responsibilities

• Payment Processing: Execute the precise posting of various payment types, including ACH, wires, credit cards, and checks-to ensure customer balances are current.
• Daily Reconciliation: Align daily cash inflows with bank statements and internal accounting ledgers to maintain 100% data accuracy.
• Discrepancy Management: Research and clear unapplied funds, investigating short-pay or overpayments to resolve outstanding balances.
• Cross-Functional Collaboration: Partner with the Credit and Collections teams to streamline account resolutions and improve the "Order-to-Cash" process.
• Ledger Maintenance: Manage the lifecycle of customer accounts, including processing refunds, adjustments, write-offs, and necessary addendums within the system.
• Period-End Support: Drive month-end closing tasks by preparing reconciliations, generating AR reports, and providing documentation for internal/external audits.
• Compliance & Controls: Strictly adhere to internal financial controls and standard accounting procedures to safeguard company assets.

Qualifications

• Education: Bachelor's degree in Accountancy, Finance, or a related business field is highly preferred.
• Experience: 1-3 years of dedicated experience in Accounts Receivable (AR) or Cash Applications.
• Technical Proficiency: Hands-on experience with ERP systems (such as NetSuite, SAP, or Oracle) and advanced MS Excel skills (Pivot Tables, VLOOKUPs).
• Financial Knowledge: Strong familiarity with diverse payment ecosystems (Lockbox, ACH, Wire, and Merchant Services).

Key Skills & Competencies

• Analytical Precision: Ability to reconcile high-volume transaction sets with zero margin for error.
• Problem-Solving: Proactive approach to identifying and resolving complex billing or payment variances.
• Efficiency: Proven ability to manage tight deadlines and high workloads in a fast-paced corporate environment.
• Integrity: Committed to maintaining the highest level of confidentiality and accuracy when handling sensitive financial data.
• Communication: Clear and professional communication style for effective team collaboration and dispute resolution.