About the role
Role: Team Member AR - Cash Application
Skill: Finance and Accounts
Experience: 8-10 Years
Location: TCS Chennai
Shift: UK Shifts
Education:
• Minimum 15 years of regular, full-time education (10 + 2 + 3)
• Non-technical graduation and/or master’s in finance & accounts stream - B. Com, M. Com
• Bachelor's/Master’s in finance & accounting or equivalent with ERP certification / proficient
Must Have:
AP, AR, Accounts Payable, Accounts Receivable, Cash Application, Invoice
Processing, Billing & Collections, Financial Reconciliation, Month End
Close, SAP S4HANA, IFRS, GAAP, Accounting Standards, Advanced Excel, SOX,
Compliance, Client Communication
The position requires a strong foundation in customer payment processing, cash application, account reconciliations, and SAP S/4HANA Order-to-Cash (OTC) processes
Good to Have:
Oracle, Transition Experience, Automation, Process Improvement, T&E Audit, Internal Quality Review, Vendor Management, Procurement Process, SAP Certification.
Strong Accounts Receivable (AR) experience, including:
o Billing
o Cash Applicatio n, the position requires a strong foundation in customer payment processing, cash application, account reconciliations, and SAP S/4HANA Order-to-Cash (OTC) processes.
o Collections
Hands-on SAP knowledge, excel knowledge
Strong communication skills
Role and Purpose:
The AP/AR-accountant is responsible for the accurate, timely, and complete execution of both transactional accounting tasks and general ledger activities. The role ensures reliable financial data, contributes to efficient end-to-end processes, supports and participates actively to the monthly and annual closing cycles. It requires both operational accuracy and analytical insight.
Key Responsibilities
Accounting & Closing processes
• Perform and verify customer and supplier postings.
• Manage customer and invoice creation amongst different businesses.
• Monitor outstanding customer and supplier balances and perform ageing analyses.
• Prepare and execute payments and follow up on payment methods.
• Record doubtful debtors, refunds, and corrections.
• Support monthly, quarterly, and yearly closings by preparing AP/AR closing entries and schedules (e.g. reconciliations, and open-item reviews).
• Perform reconciliations of AP/AR-related accounts.
• Prepare reports on payment flows and open items, including related analyses.
• Check the consistency of financial figures, proactively identify deviations or unclear items, and report them to the accountant/team coach/key user/process owner; anticipate errors and bottlenecks and contribute to solutions to prevent incorrect postings.
• Support reporting activities and variance analyses.
Process Optimisation & Data Management
• Contribute to the optimisation of financial processes with a focus on efficiency and simplicity.
• Manage financial data and databases accurately and efficiently.
• Identify inefficiencies and propose solutions.
• Participate in Finance projects or improvement initiatives.
• Potentially act as key user for relevant systems.
Communication & Stakeholder Management
• Handle internal and external financial inquiries.
• Align with controlling, business partners, and other stakeholders.
• Communicate deviations, risks, and improvement proposals clearly.
Professional Development
• Stay up to date with legislation, processes, and tools.
• Be open to feedback, peer review, and knowledge sharing.
Systems & Tools
Oracle system knowledge.
Qualifications: BACHELOR OF COMMERCE