Twist Bioscience

Cash Application Specialist

United States

Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
BiotechnologyIndustries

About the Role

The Cash Application Specialist will be responsible for the prompt and accurate processing of customer credit card payments. This role is analytical and will research and reconcile all cash application related variances in accordance with Twist Bioscience’s established policies and procedures and at the direction of the Cash Application Manager. The Specialist will manage a significant volume of transactions requiring fast decision making and will be an initiative-taker who enjoys working as an individual contributor supporting the department at-large.

What You’ll Be Doing

  • 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 auditing of 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.
  • Responsible for 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.

What You’ll Bring to the Team

  • 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.

Skills

Cash Application
Credit Card Processing
Payment Reconciliation
Multi-currency Payments
Accounts Receivable
PCI Compliance
Foreign Exchange
General Ledger
Auditing
Problem-Solving
Customer Service

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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