AR - Cash Application

Role: Team Member AR - Cash Application Skill: Finance and Accounts Experience: 8-10 Years Location: TCS Chennai Base office Shift: UK Shifts Education: • Minimum 15 years of regular, full-time education (10 2 3) • Non-technical graduation and/or master’s in finance & accounts stream - B. Com, M. Com • Bachelor's/Master’s in finance & accounting or equivalent with ERP certification / proficient Must Have: AP, AR, Accounts Payable, Accounts Receivable, Cash Application, Invoice Processing, Billing & Collections, Financial Reconciliation, Month End Close, SAP S4HANA, IFRS, GAAP, Accounting Standards, Advanced Excel, SOX, Compliance, Client Communication The position requires a strong foundation in customer payment processing, cash application, account reconciliations, and SAP S/4HANA Order-to-Cash (OTC) processes Good to Have: Oracle, Transition Experience, Automation, Process Improvement, T&E Audit, Internal Quality Review, Vendor Management, Procurement Process, SAP Certification. Strong Accounts Receivable (AR) experience, including: o Billing o Cash Application, the position requires a strong foundation in customer payment processing, cash application, account reconciliations, and SAP S/4HANA Order-to-Cash (OTC) processes. o Collections Hands-on SAP knowledge, excel knowledge Strong communication skills Role and Purpose: The AP/AR-accountant is responsible for the accurate, timely, and complete execution of both transactional accounting tasks and general ledger activities. The role ensures reliable financial data, contributes to efficient end-to-end processes, supports and participates actively to the monthly and annual closing cycles. It requires both operational accuracy and analytical insight. Key Responsibilities Accounting & Closing processes • Perform and verify customer and supplier postings. • Manage customer and invoice creation amongst different businesses. • Monitor outstanding customer and supplier balances and perform ageing analyses. • Prepare and execute payments and follow up on payment methods. • Record doubtful debtors, refunds, and corrections. • Support monthly, quarterly, and yearly closings by preparing AP/AR closing entries and schedules (e.g. reconciliations, and open-item reviews). • Perform reconciliations of AP/AR-related accounts. • Prepare reports on payment flows and open items, including related analyses. • Check the consistency of financial figures, proactively identify deviations or unclear items, and report them to the accountant/team coach/key user/process owner; anticipate errors and bottlenecks and contribute to solutions to prevent incorrect postings. • Support reporting activities and variance analyses.