Team Leader Cash Allocations 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

Strong leadership skills with the ability to inspire and motivate team members, set clear expectations, and provide guidance and support
Effective communication skills (strong verbal and written) to convey expectations, provide feedback, and lead successful negotiations
Strong problem-solving skills to handle complex situations, identify root causes, and develop effective solutions
Excellent organizational skills: ability to prioritize tasks, manage multiple projects simultaneously, and meet deadlines
Ability to collaborate with other departments, including Credit & Collections, Treasury, and Accounting teams
Flexibility and adaptability to changing business needs and priorities
Excellent attention to detail to ensure accuracy in processing, documentation, and reporting
Solid understanding of basic and advanced accounting principles
Fluent in English
University or College degree
Proficiency in Microsoft Office software (Outlook, Excel, etc.)
Previous experience in leading an operational team in accounts receivable function in a Shared Service Centre is preferred
Proven experience and capability to handle at least one ERP (SAP, Oracle, JD Edwards, etc.)
Excellent rapport building ability
Experience in cash allocations
Passion to achieve critical metrics

Responsibilities

Manage team performance and facilitate growth by conducting regular one-on-one sessions and portfolio assessments
Attain the team's objectives through daily oversight of Key Performance Indicators concerning cash application and compliance with Service Level Agreements
Take charge of the reconciliation process to guarantee a robust receivable, working closely with the credit & collections teams
Work closely with the Credit & Collections, Treasury, and Accounting teams to enhance quality and cash flow while streamlining processes
Provide support in resolving unreconciled items and unknown customer receipts
Maintain accurate documentation and information in compliance with existing processes and regulations
Ensure smooth performance of month-end activities such as account reconciliation, general ledger close, and cash reporting
Collaborate effectively with Internal and External Audit teams to facilitate testing procedures
Drive a culture of continuous process improvements with the goal of creating lean processes and standardization
Offer timely access to leaders regarding unresolved complex team cases
Undertake other projects and responsibilities as assigned
Ensure the performance of all tasks is carried out in line with company policies, internal controls, and Sarbanes-Oxley requirements
Align with equal employment opportunity laws, regulations, and company policies related to discrimination in hiring, performance managing, promotion, and compensation, including sexual harassment
Lead the Cash Allocations team, ensuring team operations and performance meet objectives
Manage daily bank statement processing and achieve AR targets

Skills

Key technologies and capabilities for this role

Cash AllocationsBank Statement ProcessingAccounts ReceivableAccount ReconciliationTeam ManagementKPI MonitoringSLA ComplianceCredit ManagementTreasury CollaborationMonth-End Close

Questions & Answers

Common questions about this position

What is the location for this Team Leader Cash Allocations position?

The position is located in Manila, Philippines.

Does this role involve managing a team?

Yes, the role includes direct reports and managing team performance through one-on-one sessions and portfolio assessments.

What key skills are required for this role?

The role requires strong leadership skills to inspire and motivate team members, excellent rapport building, strong verbal and written communication skills, people management and leadership skills, and experience in cash allocations.

What is the work schedule and environment like?

This is a full-time position with a standard Monday-Friday schedule in an office environment.

What kind of company culture does Thermo Fisher Scientific offer?

The company offers a dynamic environment that prioritizes excellence, precision, and creativity, with collaboration in a team-focused setting and support for employee success.

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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