Cash Management Associate

The Cash Management Associate is one of the support functions within the AR department that ensures all customer transactions executed are compliant, accurate, and timely.

Job Summary:

The Cash Management Associate is one of the support functions within the AR department that ensures all customer transactions executed are compliant, accurate, and timely.

Key Activities and Responsibilities:

• Maintain internal controls for AR transactions per company policy
• Deposit all customer payments daily
• Post payments and submit allocations/lodgement slips by 12:00 p.m. next business day
• Monitor cash transactions vs bank balances and investigate discrepancies
• Resolve unidentified/unapplied amounts within 2 days
• Maintain organized filing system for audit and reference
• Process incoming wire transfers
• Log returned cheques immediately in Dishonoured Cheque Log
• Follow up on dishonoured cheques for replacement within 5 working days
• Maintain and update ‘Bad Cheque List’, and notify business units promptly
• Ensure customer credits are cleared weekly in collaboration with Collections
• Apply payments to correct invoices as specified by the customer
• Assist clients with banking access and transaction services
• Reconcile payments and disbursements promptly
• Manage current accounts and banking relations
• Perform any additional duties as assigned
• Ensure all KPIs are met