Job Opportunities in Malaysia
November 5, 2024
BAXTER
Kuala Lumpur
FULL TIME
Cash Application Specialist - 1 Year Contract (Open for Fresh Graduates)
This is where you save and sustain lives
At Baxter, we are deeply connected by our mission. No matter your role at Baxter, your work makes a positive impact on people around the world. You'll feel a sense of purpose throughout the organization, as we know our work improves outcomes for millions of patients.
Baxter's products and therapies are found in almost every hospital worldwide, in clinics and in the home. For over 85 years, we have pioneered significant medical innovations that transform healthcare.
Together, we create a place where we are happy, successful and inspire each other. This is where you can do your best work.
Join us at the intersection of saving and sustaining lives—where your purpose accelerates our mission.
Summary
The Cash Application Specialist is responsible for processing electronic and manual payments in multiple currencies and applying them to appropriate accounts, initiating auto cash runs, problem resolution and processing of automation exceptions around the remittance and cash application functions.
Essential Duties and Responsibilities
Qualifications
Education and/or Experience
#LI-EE1
Reasonable Accommodations
Baxter is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the link here and let us know the nature of your request along with your contact information.
Recruitment Fraud Notice
Baxter has discovered incidents of employment scams, where fraudulent parties pose as Baxter employees, recruiters, or other agents, and engage with online job seekers in an attempt to steal personal and/or financial information. To learn how you can protect yourself, review our Recruitment Fraud Notice.
153320
At Baxter, we are deeply connected by our mission. No matter your role at Baxter, your work makes a positive impact on people around the world. You'll feel a sense of purpose throughout the organization, as we know our work improves outcomes for millions of patients.
Baxter's products and therapies are found in almost every hospital worldwide, in clinics and in the home. For over 85 years, we have pioneered significant medical innovations that transform healthcare.
Together, we create a place where we are happy, successful and inspire each other. This is where you can do your best work.
Join us at the intersection of saving and sustaining lives—where your purpose accelerates our mission.
Summary
The Cash Application Specialist is responsible for processing electronic and manual payments in multiple currencies and applying them to appropriate accounts, initiating auto cash runs, problem resolution and processing of automation exceptions around the remittance and cash application functions.
Essential Duties and Responsibilities
- Retrieve EFT, ACH payment information received and input and process remittances against customer accounts and invoices
- Run/monitor the auto cash application routines
- Accurately balance deposits received and accounts receivable in the ERP
- Identify short-pays or discounts taken and request credit notes if applicable Apply and record “unapplied cash” to customer accounts and monitor unapplied cash levels
- Collaborate with the Customer or the Accounts Receivable team as necessary to ensure cash is appropriately applied to open invoices
- Resolve issues associated with cash posting by working with both external and internal parties
- Manage banking relationships for specific countries or customer groups within the area of responsibility, and collaboratively with the Treasury team responsible for banking relationships
- Partner with Accounts Receivable and Customers to improve the information detail and quality of remittance advices to increase cash application accuracy
- Develop an understanding of the technologies involved in the end to end process, and identify opportunities for improvement
- Monitor cash application errors and automation exceptions and work with the Cash Application Team Lead and IT partners to eradicate the root cause of errors and improve the automation level of the cash application process
- Facilitate any refunds due to client through ERP
- Keep up to date and develop process specific competencies and technical skills
- Support the continuous improvement projects as assigned by the Cash Application Team Lead
Qualifications
- Great communication skills ]
- Problem solving skills
- Highly organized
- Ability to meet strict deadlines
- Adaptable to new ideas and ways of accomplishing tasks
- Ability to work in a team environment
Education and/or Experience
- Bachelor degree in Finance or Accounting
- At least 1 year experience in SSC or similar corporate role
- Proficient in using Microsoft Office suite
- Functional knowledge of the accounts receivable processes
- Experienced user of JDE and C2C Technology Cash Application module (ideal) Prior experience with ERP, cash application automation solutions preferred
#LI-EE1
Reasonable Accommodations
Baxter is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the link here and let us know the nature of your request along with your contact information.
Recruitment Fraud Notice
Baxter has discovered incidents of employment scams, where fraudulent parties pose as Baxter employees, recruiters, or other agents, and engage with online job seekers in an attempt to steal personal and/or financial information. To learn how you can protect yourself, review our Recruitment Fraud Notice.
153320
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