Cash Application Representative

Careers at Bloomberg

New York

Posted Sep 1, 2016 - Requisition No. 53904

Our Team:

The Cash Application Team is part of the Bloomberg Cash and Treasury function. Our team is based in New York and is responsible for accurately posting, maintaining and monitoring all incoming receipts in a timely and efficient manner, to ensure customer ledgers are adequately maintained to the highest standards, continuously monitoring and analyzing internal controls, assisting with the development of process and procedures to reduce risk and improve business control efficiencies.

We are looking for a dynamic, proactive self-starting Cash Application professional to join our fast paced environment.

You’re one of those people who:

  • Are fast, detailed oriented, analytical and focused
  • Are passionate about processes and controls
  • Love coming up with innovative ideas
  • Are tuned with new technologies
  • Likes working independently while interacting with a diverse group of people

We'll trust you to:

Cash Application

  • Process payment applications.
  • Process check deposits (customer/vendor refunds).
  • Review and process adjustments, bad debts, write-off and credits.
  • Monitor emails for electronic remittance advices and set up in the system for auto-processing.
  • Assist with daily/monthly reporting of cash.
  • Proactively address to internal requests (reversals, reapplications, reset payments, splits) within departmental targeted SLAs.
  • Research and resolve complex issues independently.
  • Seek and grasp new technology relevant to the group.

Internal Controls

  • Perform/assist with internal controls and risk assessment of procedures to identify inherent risk and evaluate mitigating controls.
  • Interact with all levels of the organization to ensure process and procedural ownership and compliance.
  • Maintain updated policies and procedures with continuous compliance updates as required.
  • Report on all action plans and findings to the Team Leader and Manager with strict adherence to required schedule of research reporting.
  • Support the corporate and tax team with audit requests.

Process Improvement

  • Participate in ad-hoc projects/request as needed by team leader.
  • Identify issues and potential solutions to improve operational processes and address root causes.
  • Interact with research and development resources to leverage system enhancements being able to interpret business requirements.
  • Keep up to date business industry trends.

You need to have:

  • Bachelor’s Degree in Accounting, Finance or related field of study.
  • 2-3 years of experience in handling complex cash application duties in an accounting environment.
  • SAP experience.
  • Excellent communication skills; demonstrated professional, tactful problem solving, business writing and presentation skills with personal presence to interface with corporate decision makers.
  • Organizational and time management skills to prioritize heavy individual workload to meet time strict deadlines.
  • Strong experience with MS Excel (Pivot Table/Vlookup/Sumif/Charts)/PowerPoint/Visio
  • Strong knowledge of banking and lockbox interfaces, downloads and software.
  • Experience working with EFT (electronic funds transfer).
  • Proven abilities in understanding cost accounting and audit concepts, journal entry recording including accruals, auditing and reconciliation of multiple accounts.
  • Strong knowledge of chart of accounts hierarchy.
  • Proven ability to create detailed line item account reconciliations from the ground up.
  • Must have excellent proven problem solving skills, and have the ability to self-train on all systems and processes.
  • Strong teamwork player with the ability to foster collaboration within and across regional teams.
  • Must be able to function effectively in a high paced, high demand environment.
  • Solid work ethic and strong sense of ownership of end result. Familiar with standard concepts, practices and procedures within the data management and data governance field.

We'd love to see:

  • A CPA
  • Experience with SOX, COSO and PCI.
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