AR Cash Application Specialist

About the role

We are seeking an Accounts Receivable (AR) Cash Application Specialist to join our team in Hyderabad in a hybrid capacity. As an AR Cash Application Specialist, you will support the accuracy and timeliness of Parexel's financial operations by ensuring customer receipts are correctly identified, applied, and resolved in Oracle.

What you'll do

• Perform daily AR cash application by reviewing bank receipts and remittance information, identifying customer payments
• Clear unapplied and unidentified cash promptly, escalating missing or unclear remittance details for resolution
• Support monthly reconciliation of assigned bank accounts, Cash in Transit (CIT), Cash, and Petty Cash accounts, and investigate cash application-related differences
• Complete daily cash application and reconciliation activities within month-end close deadlines
• Monitor unapplied, unidentified, and on-account cash and aged items, coordinating with AR, Collections, Treasury, GL

What you need

• 2–4 yrs of experience
• Reconciliation
• Accounts receivable
• Accounting
• Excel
• Treasury
• Collections
• B.Com or Chartered Accountant or CMA or MBA or M.Com

Good to have

• Month-end close
• General ledger