Payment Application
POSITION SNAPSHOT
Location: Cairo, Egypt
Company: Nestlé
Full-time
Bachelor’s degree, preferably Business Commerce or Business Administration
1-2 years accounting experience
POSITION SUMMARY
We are looking for an experienced and result focused payment application associate to be a part of our account receivable process by applying incoming payments to the correct customer account and receivable invoices. We process high volumes of transactions and remittances, as well as reconciling items from the company’s financial interests. As a part of our team, You will create monthly reports for relevant stakeholders and management. observing all relevant regulations.
A DAY IN THE LIFE …
- Setting up payment application rules, applying tolerances and health checks and using accuracy controls.
- Receive and post payments by ensuring payment identification and applying it on SAP to the customer ledger. This will be done by checking the bank statement and identifying the payment received related to which customer, and posts payment to customer account based on posting rules and filters.
- Follow up on unidentified payments as they are treated as exceptions and are subject to an exception management process for investigation and resolution.
- Receive and digitize remittance advice by reconciling the remittance advise received for the payments and matching with our rebate agreements and creation of deduction.
- Reconcile and apply payments
- Follow up on missing or unclear remittance advise with collection team.
- Resolve unapplied payments, by checking bank and customer portals for missing documentation.
ARE YOU A FIT?
- Experience working in Cross-functional teams
- Strong Analytical Skills
- Detail Oriented and Organized
- Result Focus
- Strong Leadership and Communication skills
- Ability to work in a challenging environment
- Bilingual English & Arabic
We are Nestlé, the largest food and beverage company. We are 308,000 employees strong driven by the purpose of enhancing the quality of life and contributing to a healthier future. Our values are rooted in respect: respect for ourselves, respect for others, respect for diversity and respect for our future. With more than CHF 91.4 billion sales in 2018, we have an expansive presence with 413 factories in more than 85 countries. We believe our people are our most important asset, so we'll offer you a dynamic inclusive international working environment with many opportunities across different businesses, functions and geographies, working with diverse teams and cultures. Want to learn more? Visit us at www.nestle.com.
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