Snowflake CASH APPLICATION ANALYST 

India, Maharashtra, Pune 

568003981

Snowflake is looking to hire a Cash Application Analyst, the position requires a well-rounded individual who has demonstrated the ability to deliver results in a high-growth, dynamic, and fast-paced environment. As a Cash Application Analyst, follow established procedures for processing payments. Identify, analyze the payments made by the customers to process, and record them in financial records to keep Accounts Receivables records updated. Understanding transformational and automated aspects for participation in UAT.

Responsibilities

• Manage daily cash application of payments made to several bank accounts
• Reconcile customer accounting by running unapplied payment reports and cleaning up on-account balances
• Application of credit notes to invoices
• Reconciliation of all incoming receipts from bank statements to sub-Ledger
• Adjust and manage any corrections required in the billing record and re-issue customers invoices/credit notes
• Handling and dealing with internal queries and requests
• Provide solutions to any relative problems of cash flows for all products and services
• Preparation of JV's for FX/Bank Charges/WHT, etc. Preparation of JV's for Intercompany transfer. Reversal of JV's/Client payment.
• Liaison with GL Team to reconcile all Accounts Receivable bank accounts every month
• Provide the required support for external, internal and SOX audits, process walkthroughs and workflows as and when required (primarily during quarter and year-end audits)
• Create/update process documentation namely Standard Operating Procedures (SOP) at regular intervals in consultation with relevant stakeholders
• Proactively escalate issues to the supervisor/manager that require intervention/clarification from senior leadership
• Ensure all transaction processing is in a timely manner as per Service Level Agreements
• Assess risks associated with process delays and timely escalating the same to the leadership team
• Working collaboratively with other team members from different disciplines and backgrounds
• Develop and monitor key performance indicators for the cash applications process
• Communicate & follow up effectively with Collectors team in order to reconcile or get payment information from the client
• Participation in UAT and other process enhancements

Requirements

• Bachelor's Degree required
• 5-6 years of work experience in cash application, billing, collections, or order fulfillment in a multinational company
• A team player who excels at building relationships across the organization while adhering to tight deadlines with a positive attitude
• Required to work shifts to overlap with US time zones on critical days of month/quarter/year-end close
• Salesforce, Stripe, lockbox, and Workday Financials ERP experience a plus
• Working knowledge of MS Excel (pivot tables, VLOOKUP's, etc.)
• Attention to detail, organized and thorough with the desire for continuous improvement
• Ability to proactively manage his or her own work streams as needed
• Adapts quickly to changes in a dynamic organizational structure and business processes
• Ability to work independently and a strong team player
• Ability to meet tight deadlines
• Proactive, problem-solving attitude, display skepticism and ability to think outside the box
• Thorough understanding and adherence to applicable SOX controls
• Understanding of accounting entries behind cash application and deposit workflows