Job description
Key Responsibilities
- Execute daily payment processing activities, including payment initiation, validation, and settlement.
- Manage order-to-cash (OTC) cycles: invoice generation, payment collections, cash application, and monitoring of outstanding receivables.
- Perform daily bank and payment reconciliations, investigating and resolving any discrepancies in a timely manner.
Liaise with internal teams (Finance, Sales, Customer Service) and external partners (banks, payment providers) to ensure seamless payment operations.
‒ Maintain accurate and up-to-date records of all payment transactions and supporting documentation.
‒ Support the month-end and quarter-end close processes related to cash, receivables, and revenue recognition.
‒ Assist in implementing and improving OTC and payment processes to enhance efficiency and mitigate risk.
‒ Identify and escalate any issues or irregularities promptly, ensuring adherence to internal controls and compliance policies.
‒ Prepare periodic reports and dashboards for management review.
‒ Contribute to internal and external audits related to payments and OTC processes.
Requirements
‒ Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
‒ 1-3 years of experience in payment operations, order-to-cash processes, accounts receivable, or a similar function.
‒ Solid understanding of payment processing cycles, bank reconciliations, and cash application.
‒ Strong attention to detail and ability to work with numerical data accurately.
‒ Excellent organizational and time management skills.
‒ Good communication skills and ability to collaborate with internal and external stakeholders.
‒ Proficiency with MS Office (Excel, Word) and familiarity with payment systems.
‒ Knowledge of compliance requirements related to payment processing is a plus.