Cash Application & Factoring Analyst

This is a great opportunity to join us as a Cash Application & Factoring Analyst with Italian  in our Global Business Center in our Bucharest office.

This role will be an interface between banks, corporate treasury, accounting or Accounts Receivable teams regarding the factoring programs and activities associated with them.

Key Responsibilities

• Factoring administration activities including execution of day to day activities such as inputting data, preparing invoices files, payments and reconciliations and other reports as needed
• Manage cash application – quickly and accurately : downloading bank statements and allocation of customers’ payments on a daily basis
• Work closely with Credit Analysts on customer account issues
• Follow-up on payment discrepancies, both deductions and overpayments
• Factoring cession preparation and posting
• Interface and manage third party service provider relationships and provide expected deliverables for assigned programs
• Send requests for payments approval to treasury department
• Prepare payments instructions
• Perform GL entries and post journals in ERP system to reflect factoring transactions (cessions, comissions, interests)
• Perform various controls to ensure accuracy of data and AS 400 postings
• Support different requests coming from factoring stakeholders
• Prepare and update Standard Operating Procedures and process maps
• Draft and maintain proper documentation for SOX purposes

What will make you successful