Job Title

Cash Application Junior Specialist

Job Description

As Cash Application Junior Specialist, you will join Philips’ Accounting Operations team. On a daily basis, you will have a chance to take an active role in helping to form our new centralized cash applications team, and the accounting and reconciliation activities that relate. This work all supports our existing team of Collections Specialists who are responsible for cash collections with a defined group of major/key customer accounts, at Philips’ EMEA by maintaining excellent relationships with our customers, internal finance leadership, and cross-functional business partners.

Your role:

Daily retrieval of bank activity (ACH, wire, lockbox, and credit card) and ERP receipt activist,y and post payments to customer accounts
Daily and monthly reconciliations against monthly bank statements – identifying and resolving reconciliation items on customer accounts
Post and reconcile customer credit card payments
Process offsets to clear matched debts and credits on customer accounts
Manage the Unapplied Cash report and work with Collections to identify solutions to unreconciled cash items
Providing indirect leadership to cash applications, internal finance leadership, and cross-functional business partners related to cash management best practices
Support and contribute to accounts receivable accounting lean process improvements

Our benefits:

Annual bonus based on performance achieved 
Private medical care with the option to extend it to family members 
Benefit System cards 
Discount for Philips’ products 
Wide variety of training & learning opportunities
Promotion of a healthy lifestyle in the office
Employee Assistance Program

You're the right fit if you have:

Cash Application experience (desirable)
Background in F&A, Economics, or Business Administration
Fluent English
Customer service focus
Determination to achieve excellent results
SAP and Customer Master data processing knowledge

How we work together

We believe that we are better together than apart. For our office-based teams, this means working in person at least 3 days per week.

About PhilipsWe are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.• Learn more about our business.• Discover our rich and exciting history.• Learn more about our purpose.If you’re interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here.

#LI-EU

#LI-OFFICE

#GBS