Account Reconciliation Expert

6 days ago


Manila, National Capital Region, Philippines Stagwell Full time
Job Description

The Cash Management Specialist will be responsible for ensuring accurate and timely processing of daily cash activities, including bank statement downloads and entry into the proper Daily Cash Excel sheet. The role also involves allocating cash to the correct invoices, accounting for bank fees and exchange rate differences, and supporting the AR team with write-offs and providing backup.

Main Responsibilities
  • Cash Management: Download daily bank statements and share with the AR Team.
  • Daily Cash Entry: Enter all cash to the proper Daily Cash Excel sheet.
  • Accounts Allocation: Enter all cash to the proper accounts and allocate against the correct invoices.
  • Banking Activities: Account for bank fees and exchange rate differences.
  • AR Support: Support AR team with write-offs, provide the proper backup.
Requirements
  • Frequent analysis of customer accounts to ensure cash is posted accurately.
  • Conduct research for unidentified customer accounts and over-payments while maintaining customer spreadsheets and support for account reconciliation.
  • Send emails to clients regarding overpayment, short payment, etc.
  • Request remittance advice from clients through phone call or email.
  • Answer email queries.
  • Research for unidentified payments and customer accounts.
  • Reconcile customer accounts that had payments severely misapplied.
  • Communicate and follow up with other departments regarding customer accounts.
  • Work with different branches/collectors to make appropriate adjustments to customer accounts.
  • Process payments of accounts receivable to individual invoices within customer accounts by using information provided by the customers.


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