Cash Applications Associate

Lean Solutions Group; Makati; On-site; PHP 446,000 - 670,000; Full time

Job summary

Lean Solutions Group is seeking an AP/AR & Cash Applications Associate to manage end-to-end income allocation and keep customer ledgers accurate. You will post payments and reconcile daily cash, while investigating discrepancies to maintain data integrity.

The role requires 1–3 years in AR or Cash Applications, ERP experience (NetSuite/SAP/Oracle) and advanced MS Excel. Collaboration with finance teams and adherence to internal controls are essential.

Qualifications

• 1–3 years of experience in Accounts Receivable or Cash Applications.
• Hands-on ERP experience (NetSuite, SAP or Oracle) and advanced MS Excel.
• Strong familiarity with payment ecosystems (Lockbox, ACH, Wire, Merchant Services).

Responsibilities

• Process and post payments (ACH, wires, cards, checks) to customer ledgers.
• Reconcile daily cash inflows with bank statements and ledgers.
• Research unapplied funds and resolve short-pay or overpayments.
• Collaborate with Credit and Collections to streamline Order-to-Cash.
• Maintain customer ledger lifecycle including refunds and adjustments.
• Support period-end close with reconciliations and AR reports.
• Ensure compliance with internal controls and accounting procedures.

Skills

Payment processing

Reconciliation

Discrepancy resolution

Cross-functional collaboration

Ledger maintenance

Period-end support

Compliance & controls

Communication

Education

Bachelor's degree in Accountancy/Finance

Tools

NetSuite

SAP

Oracle

MS Excel

Job description

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.

• 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).
• 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.