Billing & Revenue Accounting Specialist (Role - Cash Application)
Unlock your potential with Dassault Systèmes, a global leader in Scientific Software Engineering as a Billing & Revenue Accounting Specialist in Pune, Maharashtra!
Billing & Revenue Accounting Specialist is responsible various activities within the Revenue to Cash (RTC) stream for Legal Entities. Specialist is responsible for multiple activities within RTC stream for company’s Legal Entities. We are seeking a detail-oriented and proactive professional to manage key activities within the Revenue-to-Cash (RTC) process, including (but not limited to) Cash Application, Accounts Receivable (AR) closing activities and account reconciliations. The role is responsible for ensuring the timely and accurate processing of transactions, supporting efficient Cash Collection and Smart Close processes and maintaining a robust internal control framework. This position also contributes to operational excellence through continuous process improvement, compliance with accounting policies and effective cross-functional collaboration.
Role Description & Responsibilities
This role ensures that incoming payments are correctly matched to customer invoices, unapplied cash is promptly investigated and resolved and Accounts Receivable (AR) records are maintained accurately.
-
Accurately process and apply customer payments to open invoices using ERP systems, ensuring timely and complete cash application.
-
Investigate and resolve unapplied, unidentified, short-paid and overpaid cash by collaborating with internal stakeholders, including AR Coordinator, Collections, Billing.
-
Perform daily reconciliation of cash receipts and bank transactions, ensuring discrepancies are identified, investigated and resolved promptly.
-
Support month-end close activities by completing cash application tasks, preparing reconciliations, and ensuring Accounts Receivable balances are accurate.
-
Maintain compliance with company policies, accounting standards, and internal control requirements while ensuring complete and accurate documentation for audit purposes.
-
Drive continuous process improvements by identifying opportunities to enhance automation, improve cash application efficiency, reduce unapplied cash and support Smart Close initiatives.
Cash Application
-
Ensure cash is quickly and accurately applied for all DS legal entities within scope of cash application responsibilities:
o Review bank statements daily; escalate to local Credit/collection Management in case of any issues
o Ensure all payments not captured by automatic process are researched and applied; comment on bank statement any amounts remaining.
o Ensure all unidentified payments are researched and processed.
o Give correct accounting effect to any deduction (Underpaid, Withholding tax, bank fees, tax, etc.)
o Research all On Account payments and apply to reduce backlog.
-
Apply credit notes to the appropriate invoices.
Closing Activity:
-
Perform various reconciliations, including AR to GL reconciliation, Revenue reconciliation, Maturity report and flag any unreconciled items.
Dashboards:
-
Prepare dashboard on the basis of data to capture performance of team.
Other:
-
Other reporting or special assignments as needed
As a game-changer in sustainable technology and innovation, Dassault Systèmes is striving to build more inclusive and diverse teams across the globe. We believe that our people are our number one asset and we want all employees to feel empowered to bring their whole selves to work every day. It is our goal that our people feel a sense of pride and a passion for belonging. As a company leading change, it’s our responsibility to foster opportunities for all people to participate in a harmonized Workforce of the Future.
