Lead Cash Allocations Representative at Thermo Fisher Scientific

Quezon City, Metro Manila, Philippines

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Life SciencesIndustries

Requirements

Effective and confident communication skills to interact with various levels of internal and external customers, address issues, and provide updates
Proven attention to detail and accuracy
Demonstrated proficiency in collaborating effectively with a wide range of people to achieve common goals
Comfortable in a fast-paced environment
Ability to work independently to resolve issues and perform first-level customer concerns
Strong organisational and time management skills to ensure prioritisation, timely completion of tasks, and efficiency in handling multiple responsibilities simultaneously
Initiative and organisation skills to ensure the timely completion of a large volume of work
Willingness to train and mentor new employees

Responsibilities

Daily monitoring of incoming cash
Process all Bank Receipts in a timely and accurate manner
Ensure the allocation of Debtors suspense amounts against customers or to appropriate G/L area
Record cheque receipts, log cheques with bank, follow through until receipt into the account
Process Direct Debits and liaise with Treasury teams to ensure end-to-end approval
Investigate and resolve any discrepancies
Ensure sufficient documentation is maintained to trace all transactions and maintain reconciliation (debtor suspense movements, unallocated cash, cheque receipts, etc.)
Perform month-end activities such as account reconciliation, month-end close, and month-end reporting
Liaise with the internal credit control team to discuss any complex unallocated payments
Contact customers to obtain remittances or resolve outstanding cash entries
Review and action any Unallocated Cash amounts on a regular basis
Provide timely access to leaders of difficult team cases that have not been resolved, in order to obtain the most appropriate guidance
Develop knowledge in systems and/or platforms of the company for the assigned processes according to the division, knowing the "end-to-end" of processes
Ensure the performance of tasks is carried out in line with company policies, internal controls, and Sarbanes-Oxley requirements
Ensure completion of Cash Application tickets and other requests (including credit cards) within established SLAs through the correct process, with attention to detail to provide expected quality
Verify that approvals are in accordance with the matrices established for the applicable processes before completing the application
Assist with requests for internal or external audits, compiling the support of the requested samples
Find opportunities for improvement of processes related to the department, proposing solutions and standard processes
Cover other cash application work during holidays/absences
Participate in the updating of position manuals or process support documentation when required
Assist with the training and mentoring of new employees joining the OtC department
Other additional duties or tasks may be assigned periodically by the Line Manager

Skills

Key technologies and capabilities for this role

Accounts ReceivableCash AllocationPayment PostingUnapplied Cash ResolutionBank ReconciliationMonth End CloseDirect DebitsCheque ProcessingCredit ControlOrder-to-Cash

Questions & Answers

Common questions about this position

What is the work schedule for this position?

The role follows a standard Monday-Friday work schedule.

Is this a remote position, or is office work required?

This information is not specified in the job description.

What are the main responsibilities of the Lead Cash Allocations Representative?

Key responsibilities include daily monitoring of incoming cash, processing bank receipts accurately, resolving unallocated cash and discrepancies, performing month-end reconciliations, and liaising with internal teams and customers.

What skills or experience are needed for this role?

The role requires strong knowledge of accounts receivable processes like payment posting and cash resolution, attention to detail for transaction accuracy, ability to communicate with internal and external stakeholders, and skills in process improvement and compliance with company policies and Sarbanes-Oxley requirements.

What does the company culture or team environment look like?

This information is not specified in the job description.

Is the salary or compensation mentioned for this role?

This information is not specified in the job description.

What makes a strong candidate for this lead position?

A strong candidate will have experience handling medium to high complexity cash allocation cases, leadership skills to support team resolutions and process improvements, and the ability to maintain accurate documentation while meeting SLAs and compliance standards.

Thermo Fisher Scientific

Provides life sciences products and services

About Thermo Fisher Scientific

Thermo Fisher Scientific offers a variety of products and services that support scientific research and healthcare, including laboratory equipment, reagents, and software solutions. Their products are used in applications like protein biology, real-time PCR, and sequencing, serving clients such as academic institutions and pharmaceutical companies. Unlike competitors, Thermo Fisher emphasizes customer support and education, helping clients optimize their experiments. The company's goal is to be a leading provider of life sciences solutions that contribute to a healthier and safer world.

Waltham, MassachusettsHeadquarters

1956Year Founded

$17MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Risks

Increased competition in single-use bioprocessing may impact market share.

Sale of anatomical pathology business could create a temporary product gap.

Investment in miDiagnostics may face regulatory challenges affecting returns.

Differentiation

Thermo Fisher offers a comprehensive range of life sciences products and services.

Their well-known brands include Thermo Scientific, Applied Biosystems, and Invitrogen.

They provide strong customer support and educational resources to optimize client workflows.

Upsides

Expansion of biologics production facility enhances capacity for precision biologics monitoring.

Investment in miDiagnostics aligns with demand for rapid diagnostic solutions in BioPharma.

Collaboration with Mainz Biomed positions them in the growing cancer detection market.

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