Cash Application Specialist at Twist Bioscience

Portland, Oregon, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

BiotechnologyIndustries

Requirements

General understanding of accounting concepts and procedures
Proficiency in utilizing SAP for efficient cash application processes
Ability to work both independently and collaboratively within a team environment
Well-organized with extreme diligence
Self-directed and initiative-taking in managing tasks
Microsoft Office Suite proficiency
Advanced Excel skills, including VLOOKUP and Pivot Tables
Ability to manage multiple projects and priorities simultaneously in a fast-paced setting
Strong time management skills to meet deadlines consistently

Responsibilities

Investigate and resolve payment escalation and discrepancy inquiries related to cash application from internal teams and regular individual research
Ensure multi currency payments are processed accurately and appropriately recorded
Research remittance and transaction details to resolve unapplied cash, unidentified cash, and payment variations
Verify duplicate payments and follow up with the customers to issue refunds as well as aiding in the disposition of unapplied cash per company policies
Regularly audit foreign exchange (FX) fees and bank fees incurred on payments to ensure proper General Ledger allocation
Maintain compliance with internal and external financial policies and procedures such as Payment Card Industry (PCI) standards for credit card processing
Manage the end-to-end credit card process from presentment to settlement, including declined transactions, dispute, refund, and chargeback research and resolution
Ensure collection teams are kept up to date on outstanding cash application issues
Utilize available tools to identify opportunities for optimizing Cash Application and other Accounts Receivable processes
Assist in special cash application related projects, including providing support to external auditors and participating in all cash application testing for company initiatives

Skills

Key technologies and capabilities for this role

Cash ApplicationPayment ReconciliationMulti-Currency ProcessingPCI ComplianceCredit Card ProcessingChargeback ResolutionFX Fees AuditingBank Fees AuditingGeneral Ledger AllocationAccounts ReceivableRemittance ResearchRefund Processing

Questions & Answers

Common questions about this position

Is this position remote or hybrid?

This is a hybrid position requiring onsite presence 3 days per week.

What skills are required for the Cash Application Specialist role?

Required skills include proficiency in SAP, advanced Excel skills with VLOOKUP and Pivot Tables, Microsoft Office Suite proficiency, general understanding of accounting concepts, and strong time management to handle multiple priorities in a fast-paced environment.

What is the salary for this position?

This information is not specified in the job description.

What kind of work environment should I expect?

The role involves working both independently as an individual contributor and collaboratively within a team in a fast-paced setting, managing a high volume of transactions with fast decision-making.

What makes a strong candidate for this role?

Strong candidates are well-organized with extreme diligence, self-directed and initiative-taking, proficient in SAP and advanced Excel, and able to manage multiple priorities in a fast-paced environment while working independently and collaboratively.

Twist Bioscience

Produces synthetic DNA for biotechnology applications

About Twist Bioscience

Twist Bioscience specializes in creating synthetic DNA for applications in biotechnology, pharmaceuticals, and research. Their proprietary platform allows for the quick and accurate production of DNA sequences, providing clients with products like genes, oligo pools, and variant libraries. The company stands out by offering high-quality DNA at competitive prices, making them a valuable partner for academic institutions and pharmaceutical companies. Twist Bioscience aims to support advancements in personalized medicine and biotechnology through their innovative DNA synthesis solutions.

South San Francisco, CaliforniaHeadquarters

2013Year Founded

$236.5MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

1,001-5,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Disability Insurance

Life Insurance

401(k) Retirement Plan

Risks

Increased competition from Ginkgo Bioworks may impact Twist's market share.

Dependency on AI technologies could pose integration and operational challenges.

New CIO appointment may lead to transitional challenges in IT strategy and operations.

Differentiation

Twist Bioscience uses a unique silicon-based DNA synthesis platform for precision and scale.

They offer high-quality DNA sequences at competitive prices, attracting diverse clients.

Their proprietary platform provides instant feedback on DNA sequence synthesis feasibility.

Upsides

Growing demand for synthetic DNA in personalized medicine boosts Twist's market potential.

Collaboration with Absci leverages AI to accelerate antibody discovery and drug development.

Synthetic biology market projected to grow at 28.8% CAGR, benefiting Twist's growth.

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