The Opportunity:

This role will be a full-time position based out of our Coimbatore office. The associate is responsible for providing financial, administrative, and clerical support by ensuring the company receives payments for goods and services and properly records the transactions by posting receipts and resolving discrepancies according to established policies and procedures in an efficient, timely, and accurate manner. Analyze the open credit trend from the AR books and work towards resolving them by either getting them applied to the right customer accounts with their approvals or refunding the money back to the customer.

If you are passionate about solving complex challenges and driving innovation - let's talk!

Our organization is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

What we're looking for

Education: Any Bachelor or master's degree. A finance background will be an added advantage.
Experience: 4+ years of overall experience

How you will thrive and create an impact

. Review wire transfers and bank deposits, review items for posting, manual check scanning, downloading and management of payment payment files along with preparation and analysis of cash reports

. Monitor and provide guidance to the team on working with payments that are unapplied and unidentified and keep them well in control based on the business targets. Involves reaching out to the customer/ collection's analyst providing challenges, and trends resolving issues.

. Monitor that the bank auto hit rate is maintained and in the path of continuous improvement there by ensuring manual application volumes are in control. If there are challenges, the role involves working with the bank & fix issues

. Review the credit card processing contracts, charges that we incur and if there are unusual trends. Ensure that the credit card batch payment failure is worked thro resolution working with the respective team.

. Review customers taking discounts and monitor if they are justifiable. If there are specific trends bring it to the stakeholder with relevant recommendation

. Document, monitor and execute internal control procedures that encompass our company's Compliance controls

. Develop and maintain systems, procedures and policies, including accounts receivables functions to ensure adherence to company guidelines.

. Understand business direction, key changes and needs initiate and lead the conversations on how AR team needs to mold and adapt in order to stay proactive.

. Harmonize working procedures across ERPs (SAP and other platforms) while respecting the specific business requirements that may exist for the different Business Areas (BA)

. Familiarity with basic accounting principles, SAP cash applications

. Good knowledge of applying credits and debits, returns and wire transfers

. Posting of wire transfers and checks as needed, would require to work with the collections team or the customer directly

. Enroll & ability to learn to any mode of payment upgradation the customer or organization is willing to adapt at any given time

. Communicate with Collection Team and Management regarding payment discrepancies

. Processes client refunds related to duplicate or erroneous payments

. Sound ability to meet deadlines and set priorities

. Ability to multi-task within a dynamic team environment

Disclaimer:
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of employees assigned to this position. Avantor is proud to be an equal opportunity employer.

Why Avantor

Dare to go further in your career. Join our global team of 14,000+ associates whose passion for discovery and determination to overcome challenges relentlessly advances life-changing science.

The work we do changes people's lives for the better. It brings new patient treatments and therapies to market, giving a cancer survivor the chance to walk his daughter down the aisle. It enables medical devices that help a little boy hear his mom's voice for the first time. Outcomes such as these create unlimited opportunities for you to contribute your talents, learn new skills and grow your career at Avantor.

We are committed to helping you on this journey through our diverse, equitable and inclusive culture which includes learning experiences to support your career growth and success. At Avantor, dare to go further and see how the impact of your contributions set science in motion to create a better world. Apply today!

EEO Statement:

We are an Equal Employment/Affirmative Action employer and VEVRAA Federal Contractor. We do not discriminate in hiring on the basis of sex, gender identity, sexual orientation, race, color, religious creed, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by federal, state/province, or local law.

If you need a reasonable accommodation for any part of the employment process, please contact us by email at and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this email address.

3rd party non-solicitation policy:

By submitting candidates without having been formally assigned on and contracted for a specific job requisition by Avantor, or by failing to comply with the Avantor recruitment process, you forfeit any fee on the submitted candidates, regardless of your usual terms and conditions. Avantor works with a preferred supplier list and will take the initiative to engage with recruitment agencies based on its needs and will not be accepting any form of solicitation

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