This is where your work makes a difference.
At Baxter, we believe every person—regardless of who they are or where they are from—deserves a chance to live a healthy life. It was our founding belief in 1931 and continues to be our guiding principle. We are redefining healthcare delivery to make a greater impact today, tomorrow, and beyond.
Our Baxter colleagues are united by our Mission to Save and Sustain Lives. Together, our community is driven by a culture of courage, trust, and collaboration. Every individual is empowered to take ownership and make a meaningful impact. We strive for efficient and effective operations, and we hold each other accountable for delivering exceptional results.
Here, you will find more than just a job—you will find purpose and pride.
Summary:
- The Cash Application Specialist is responsible for processing electronic and manual payments in multiple currencies and applying them to appropriate accounts, initiating auto cash runs, problem resolution and processing of automation exceptions around the remittance and cash application functions.
Essential Duties & Responsibilities:
- Retrieve EFT, ACH payment information received and input and process remittances against customer accounts and invoices.
- Run/monitor the auto cash application routines.
- Accurately balance deposits received and accounts receivable in the ERP.
- Identify short-pays or discounts taken and request credit notes if applicable.
- Apply and record unapplied cash to customer accounts and monitor unapplied cash levels.
- Collaborate with the Customer or the Accounts Receivable team as necessary to ensure cash is appropriately applied to open invoices.
- Resolve issues associated with cash posting by working with both external and internal parties.
- Manage banking relationships for specific countries or customer groups within the area of responsibility, and collaboratively with the Treasury team responsible for banking relationships.
- Partner with Accounts Receivable and Customers to improve the information detail and quality of remittance advices to increase cash application accuracy.
- Develop an understanding of the technologies involved in the end to end process, and identify opportunities for improvement.
- Monitor cash application errors and automation exceptions and work with the Cash Application Team Lead and IT partners to eradicate the root cause of errors and improve the automation level of the cash application process.
- Facilitate any refunds due to client through ERP.
- Keep up to date and develop process specific competencies and technical skills.
- Support the continuous improvement projects as assigned by the Cash Application Team Lead.
Qualifications:
- Great communication skills.
- Problem solving skills.
- Highly organized.
- Ability to meet strict deadlines.
- Adaptable to new ideas and ways of accomplishing tasks.
- Ability to work in a team environment.
Education & Experience:
- Bachelor degree in Finance or Accounting.
- Minimum 1 year experience in SSC or similar corporate role.
- Proficient in using Microsoft Office suite.
- Functional knowledge of the accounts receivable processes.
- Experienced user of JDE and C2C Technology Cash Application module (ideal).
- Prior experience with ERP, cash application automation solutions preferred.
Equal Employment Opportunity
Baxter is an equal opportunity employer. Baxter evaluates qualified applicants without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, protected veteran status, disability/handicap status or any other legally protected characteristic.
Reasonable Accommodations
Baxter is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the link here and let us know the nature of your request along with your contact information.
Recruitment Fraud Notice
Baxter has discovered incidents of employment scams, where fraudulent parties pose as Baxter employees, recruiters, or other agents, and engage with online job seekers in an attempt to steal personal and/or financial information. To learn how you can protect yourself, review our Recruitment Fraud Notice.
