Supervisor Cash Allocations

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Work Schedule
Standard (Mon-Fri)

Environmental Conditions
Office

Job Description
Job Description

Business Job Title: Supervisor Cash Allocations

Career Band: 06

Career Track: Management

Position Location: Manila, Philippines

Direct Reports: Yes

Join Thermo Fisher Scientific for stimulating tasks in a team valuing excellence and creativity. Embrace growth and global success, supported to excel within a $40 billion revenue company prioritizing innovation.

Position Summary
Lead the Cash Allocations team, supervising operations and performance to process bank statements accurately and on time. Maintain Accounts Receivable (AR) goals and Service Level Agreements (SLAs), while meeting team management targets.

The role would suit a candidate with excellent rapport-building ability, strong verbal and written communication skills, strong people management and leadership skills. Experience in cash allocations and people management as well as a passion for achieving critical metrics are crucial to fully grasp the complexity of the role.

Responsibilities

• In charge of guiding the team's performance and advancement by conducting routine one-on-one meetings and portfolio reviews
• Accountable for attaining the direct team's objectives through daily oversight of Key Performance Indicators concerning cash application and compliance with Service Level Agreements
• Prepare root cause analysis for misses and work on continuous performance improvement
• Take charge of the reconciliation process to guarantee a robust receivable, working closely with the credit & collections teams
• Work closely with the Credit & Collections, Treasury, and Accounting teams to enhance quality and cash flow, while guaranteeing streamlined processes.
• Provide support in resolving unreconciled items and unknown customer receipts
• Maintain accurate documentation and information in compliance with existing processes and regulations
• Ensure smooth performance of month-end activities such as account reconciliation, general ledger close, and cash reporting
• Drive a culture of continuous process improvements with the goal of creating lean processes and standardization
• Collaborate effectively with Internal and External Audit teams to facilitate testing procedures
• Deputize for the Manager where required
• Undertake other projects and responsibilities as assigned
• Ensure the performance of all tasks is carried out in line with company policies, internal controls, and Sarbanes-Oxley requirements
• Align with equal employment opportunity laws, regulations, and company policies related to discrimination in hiring, performance management, promotion, and compensation, including sexual harassment

Skills & Qualifications Required

• Skills:

Demonstrated strong leadership skills, ability to inspire and motivate team members, set clear expectations, and provide guidance and support

• Effective communication skills are critical in order to convey expectations, provide feedback, and lead successful negotiations

Strong problem-solving skills to handle complex situations, identify root causes, and develop effective solutions

• Excellent organizational skills: being able to prioritize tasks, manage multiple projects simultaneously, and meet deadlines

Collaborating with other departments, including Credit & Collections, Treasury, and Accounting teams

• Flexibility and adaptability to changing business needs and priorities

Excellent attention to detail to ensure accuracy in processing, documentation, and reporting

• Solid understanding of basic and advanced accounting principles

In-depth understanding of end-to-end Accounts Receivable functions (credit, collections, cash allocations, reporting processes, and procedures)

• Proven track record of excellent judgment and decision-making ability

Demonstrated diplomacy, integrity, and ethical standards

• Qualifications and experience:

Fluent in English

• University or College degree

Previous experience in leading an operational team in a fast-paced accounts receivable environment is required

• Relevant software application proficiency is required (e.g. SAP, Oracle, JD Edwards, etc.)

Excellent digital literacy and knowledge of the Microsoft Office software is required (Outlook, Excel, PowerPoint, etc.)

At Thermo Fisher Scientific, each one of our 100,000 extraordinary minds has a unique story to tell. Join us and contribute to our singular mission - enabling our customers to make the world healthier, cleaner and safer

Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability or any other legally protected status.