Invoice to Cash Specialist I at Johnson & Johnson

Parañaque, National Capital Region, Philippines

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Pharmaceuticals, MedTechIndustries

Requirements

Bachelor degree in Accounting or Finance
Excellent communication skills, with the ability to collaborate with a variety of stakeholders
Foreign language capability (Japanese, Korean, Mandarin, Thai) is a plus
Working knowledge of SAP is a plus
Technology proficiency in Microsoft Office
Excellent data entry and processing skills with an eye for detail and accuracy
Ability to multitask and manage time and multiple deadlines
Must possess ability to work independently with minimal supervision
Experience in shared services center of a multinational corporation desirable

Responsibilities

Processes and reconciles cash receipts, bank statement and remittance advice
Ensures that all incoming payments applied are balanced, free of discrepancies and conform to policies and procedures
Works closely with Collections team for customer payment and claims reconciliation
Prepares customer's statement of account, requests for refunds and write-offs/write-ons when there are credits on the customer's account
Generates and reconciles closing reports
Ensures service levels and targets are met as per Service Level Agreements
Ensures proper and timely escalation of issues so that they are resolved to meet internal and external expectations
Identifies opportunities and participates in process improvement projects within the Cash Applications and AR reporting process
Ensures all process documentations are current
Support internal or external audits as needed

Skills

Key technologies and capabilities for this role

Cash ApplicationsAR ReconciliationBank ReconciliationRemittance AdviceCustomer StatementsRefunds ProcessingWrite-offsCollections SupportSLA ComplianceProcess Improvement

Questions & Answers

Common questions about this position

What is the salary for the Invoice to Cash Specialist I position?

This information is not specified in the job description.

Is this a remote position or where is it located?

The position is located in Paranaque, National Capital Region (Manila), Philippines.

What qualifications and skills are required for this role?

A Bachelor degree in Accounting or Finance is required, along with excellent communication skills, technology proficiency in Microsoft Office, excellent data entry and processing skills, and the ability to multitask and manage multiple deadlines. Working knowledge of SAP and foreign language capability (Japanese, Korean, Mandarin, Thai) are pluses.

What does the company culture or work environment look like at Johnson & Johnson?

Johnson & Johnson emphasizes healthcare innovation to prevent, treat, and cure complex diseases, with a focus on smarter, less invasive, and personalized solutions through Innovative Medicine and MedTech.

What makes a strong candidate for this Cash Applications Specialist role?

Strong candidates will have a Bachelor’s degree in Accounting or Finance, experience in a shared services center of a multinational corporation, working knowledge of SAP, and foreign language skills in Japanese, Korean, Mandarin, or Thai.

Johnson & Johnson

Healthcare products in pharmaceuticals and devices.

About Johnson & Johnson

Johnson & Johnson operates in the healthcare sector with three main areas: pharmaceuticals, medical devices, and consumer health products. In the pharmaceuticals segment, the company develops prescription drugs for various medical conditions such as cancer and infectious diseases. The medical devices segment provides products used in surgeries and other medical procedures, while the consumer health segment offers over-the-counter products, including baby care and personal health items. Johnson & Johnson generates revenue through direct sales and partnerships, and it invests significantly in research and development to create new products that meet the needs of consumers and healthcare providers. The company stands out from competitors by emphasizing diversity, equity, and inclusion in its workplace, fostering an environment where employees can share their perspectives. Its goal is to improve patient outcomes and enhance the overall health and well-being of individuals globally.

New Brunswick, New JerseyHeadquarters

1886Year Founded

IPOCompany Stage

HealthcareIndustries

10,001+Employees

Risks

J&J faces a class action lawsuit in Australia over ineffective cold and flu medications.

Former J&J executives joining other firms could lead to increased competition.

Ongoing legal battles, like the lawsuit against Cigna, pose financial liabilities for J&J.

Differentiation

J&J operates in three segments: pharmaceuticals, medical devices, and consumer health.

The company invests heavily in R&D for innovative medical solutions and products.

J&J is committed to diversity, equity, and inclusion in its workplace culture.

Upsides

J&J's collaboration with Helsinki University Hospital focuses on value-based healthcare models.

The rise of personalized medicine offers J&J opportunities in targeted therapies.

Increased focus on digital health solutions presents expansion opportunities for J&J.

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