Process Executive- OTC

City : Mohali State : Punjab (IN-PB) Country : India (IN) Requisition Number: 46933 Job Description Business Title Process Executive-OTC Global Job Title Anl I Finance OTC Global Function Business Services Global Department Finance OTC Organizational Level Reporting to Team Lead - CTC Size of team reporting in and type Nil Role Purpose Statement The Order to Cash (OTC) Process executive will be responsible for Cash Application function in performing timely and correct booking of subledger of all payments received, apply payments against invoices as per remittance details, booking adjustments for discounts ,refund and cash in advance    Main Accountabilities • Timely and correct booking of all payments received in bank. • Apply Payments against invoices as per the remittance details provided by the client • Booking adjustments for discounts ,refund and cash in advance cases as well as accounting entries for provision for doubtful debts during month close • Credit review, new customer setup or customer change process, shipment release • Regular clearing of advances against the invoice • Knowledge of billing, issue credit/Debit Note • Review claim process • Follow-up with sales/execution team for remittance details, if required • Timely clearing of sub-ledger, follow-up on old aged items with different teams • Provide details to accounting team regarding customer advances • Complete various reports on time with accuracy • Meet SLA and KPI target each month. Additional responsibilities: • Resolve queries within defined timelines • Identify ideas for process improvement utilizing industry leading practices • Handle exceptions generated, perform root cause analysis to resolve current issues and act proactively to avert potential issues in future • Provide all information, documents and reports for audit. Post the audit; take steps as per corrective action plan drafted by the Team Leader. • File and archive relevant documents Knowledge and Skills   Behavior Improve Bunge's outcomes by making data-driven decisions, keeping the customer at the forefront of all they do, and proactively gaining insight into the global strategy. Collaborate, effectively communicate with others and take initiative to continually develop themselves. Pursue opportunities to solve problems and take action while maintaining the ability to manage work, even in times of challenge or change. Technical • Ability to provide high quality level of customer service for Counterparty credit risk assessments & reporting. •Ability to work independently, efficiently and deliver high quality output under time pressure. • In depth knowledge of Counterparties assessment and due diligence •Good knowledge of concepts and procedures related to Counterparty credit risk assessments & reporting. • Experience in SAP and workflow tools   Education & Experience • 3 - 5   years of work experience in a…