Job description
Join Grace Global Operations Center as a Cash Application and Allocation Associate, a pivotal role within our finance and shared services organization. In this position, you will be responsible for accurately applying customer payments, reconciling cash postings, and ensuring precise allocation of receipts across multiple regions. This is a hands-on, process-driven role that supports month-end close, financial reporting, and internal controls while fostering collaboration with Credit, Treasury, and business teams. The ideal candidate is detail-oriented, data-savvy, and excited to contribute to a high-performing, cross-functional environment where accuracy and timeliness are paramount.
As part of our cash operations team, you will help maintain data integrity, identify trends, and drive continuous improvements in cash processing efficiency. You will gain exposure to global payment flows and work closely with regional stakeholders to resolve discrepancies, optimize cash flow, and support audit and compliance activities. If you are looking for a growth-focused role in a dynamic shared services setting, this is a fantastic opportunity to develop expertise in cash management, accounts receivable, and close processes while contributing to the company's financial health.
Responsibility
- Process and apply customer payments to open invoices in the ERP system with accuracy and timeliness.
- Reconcile daily cash receipts and ensure correct cash postings and allocations.
- Resolve unapplied cash, misapplied payments, and payment discrepancies through root-cause analysis.
- Support month-end close by delivering reconciliations, variance analysis, and documentation for cash-related activities.
- Collaborate with Credit, Treasury, and regional business teams to investigate and resolve payment issues and optimize cash flow.
- Maintain strong controls and data integrity, adhering to internal policies and external regulations.
- Generate and analyze cash reconciliation reports; assist internal and external audits as needed.
- Identify opportunities for process improvements to reduce cycle time and improve accuracy in cash application and allocation.
Qualification
- Bachelor’s degree in Finance, Accounting, or a related field.
- 1-3 years of hands-on experience in cash application, accounts receivable, or payments processing, preferably within a shared services environment.
- Proficiency with ERP systems (eg, SAP, Oracle, Netsuite) and strong MS Excel skills (pivot tables, vlookups, formulas).
- Analytical mindset with strong attention to detail and problem-solving abilities.
- Excellent communication and collaboration skills to work effectively with cross-functional teams across regions.
- Ability to work under tight deadlines during month-end close and maintain high data accuracy.
- Knowledge of internal controls, process documentation, and basic SOX/audit requirements is a plus.
- Adaptability and a continuous improvement mindset in a fast-paced finance environment.