Description

GAR (Global Accts Rec) is responsible for clearing the open items in the Balance Sheet Reconciliations. The Reconciliation Analyst is responsible for reconciling cash and vendor clearing accounts. The role includes clearing open items in coordination with Cash application, Billing, Accounting and Credits teams as per approved policies. This position also requires researching on missing, unidentified and rejected funds and collaborate with internal departments to apply payments timely and accurately. Work with Technology and Upstream processes to put system controls to fix the open items on the reconciliations. Successful candidate is expected to analyze reports and reconciles large amounts of data with the ability to communicate results to management.

Key job responsibilities
• Clear open items in the reconciliations. Root cause the open items and provide fixes.
• Working with cash applications team to reduce Unapplied and unidentified receipts.
• Working with billing, credits and payback team to ensure any kind of discrepancy is addressed.
• Prepare reporting on cash movements, month end reporting, ad hoc reporting and other requests.
• Reporting on progress of the Cash Application function to senior leadership by contributing and actively participating in the Monthly Business Review process.
• Reviewing and analyzing quantitative data and creating meaningful reports to drive business improvement.
• Analyzing data to help uncover patterns, root cause, or opportunities and organize into compelling business cases for AR optimization and performance improvement.
• Willing to create and implement standard operating procedures, quality guidelines and process workflows.
• Research missing, unidentified, and rejected funds; collaborate with internal departments for timely resolution
• Ensure all intercompany transactions, FX variances, and reclassification journal entries are properly accounted for within the same period
• Leverage Cash Manager expertise to address missing or reversed cash accounting entries
• Better understanding of Oracle Cash Manager to ensure missing or reversal of cash accounting entries taken care accordingly to reconcile cash receipts.
• To have good attention to details for taking a quick decision’s.
• Ensure all the intero, FX variance’s and reclass JE’s are accounted with in same period partnering with FOAA team.