AR Cash Application Specialist

Overview

Parexel is seeking an Accounts Receivable (AR) Cash Application Specialist to support accurate and timely financial operations in Hyderabad, in a hybrid capacity. The role ensures customer receipts are correctly identified, applied and resolved in Oracle.

What you'll do

• Perform daily AR cash application by reviewing bank receipts and remittance information, identifying customer payments, and applying cash accurately to the correct customer accounts and invoices in Oracle
• Clear unapplied and unidentified cash promptly, escalating missing or unclear remittance details for resolution
• Support monthly reconciliation of assigned bank accounts, Cash in Transit (CIT), Cash, and Petty Cash accounts, and investigate cash application-related differences
• Complete daily cash application and reconciliation activities within month-end close deadlines, ensuring receipts are posted to the correct period and supporting the transfer and reconciliation of cash activity to the GL
• Monitor unapplied, unidentified, and on-account cash and aged items, coordinating with AR, Collections, Treasury, GL, and other teams to obtain remittance details and resolve exceptions
• Maintain complete cash application, remittance, and reconciliation support, and provide schedules and documentation for internal and external audit requirements
• Support process improvements in cash matching and application by identifying repetitive activities, recurring exceptions, and opportunities for automation and standardization
• Provide backup coverage during month-end and quarter-end close and work effectively with Finance stakeholders to resolve receipt issues

What you'll need

• Graduate in Commerce
• 2 to 4 years of relevant experience in AR cash application, accounts receivable, cash management, bank reconciliation, or finance operations
• Strong knowledge of AR cash application, receipt matching, unapplied cash resolution, and basic accounting
• Oracle Receivables / Oracle Cash Management experience, including receipt creation, application, and clearing
• Good working knowledge of Excel and accounting systems
• Good communication skills, attention to detail, and the ability to meet close deadlines

Nice to have

• MBA, M.Com, B.Com, CA, or CMA/ICWA
• Intermediate experience processing high-volume customer receipts across multiple bank accounts and/or currencies
• Exposure to bank reconciliation, customer account research, GL activities, or cash accounting

Details

• Location: Hyderabad, India
• Work mode: Hybrid