Cash Allocations Analyst (OTC) with English

About Thermo Fisher Scientific:

Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, with more than $20 billion of revenue. Each one of our 70,000 extraordinary minds has a unique story to tell. Join us and contribute to our singular mission-enabling our customers to make the world healthier, cleaner and safer.

When you’re part of the team at Thermo Fisher Scientific, you’ll do important work, like helping customers in finding cures for cancer, protecting the environment or making sure our food is safe. Your work will have a real-world impact, and you’ll be supported in achieving your career goals.

Job Title: Cash Allocations Analyst (OTC)

Reports to: Team Lead Cash Allocation, Customer MDM

Position Location: Budapest

Job ID:77041BR

Position Summary:

The role involves the day to day recording of cash receipts and to be responsible for the cash application onto the correct account/invoice. Taking part in month-end activities such as account reconciliation, month end close and month end reporting is also expected.

Key Responsibilities:

• Daily reviews cash received.
• Records Cheque and Bank Receipts – ensuring remittances obtained proactively from the customer where necessary.
• Records Debtors suspense movements; ensures sufficient documentation maintained to trace transactions and maintain reconciliation.
• Ensures the allocation of Debtors suspense amounts against customers or to appropriate G/L area, proactively contacts customers regarding unresolved cash items.
• Records Cheque receipts, lodging cheques with the bank, follow through to receipt an account.
• Contacts customers to encourage and facilitate a move to the electronic payment method(s).
• Reviews and allocates Unallocated Cash amounts on a regular basis.
• Ensures the performance of tasks is carried out in line with company policies, internal controls, and the Sarbanes-Oxley requirements.
• Assists with the companies E-Bill process if relevant.
• Has knowledge of all legal entities, cash recording, and month end reconciliation.

Skills Required:

• University or College degree, a degree in accounting or finance is an advantage.
• 1-3 year work experience in a related Finance area.
• Requires proven related experience ideally operating in a busy Accounts function dealing with Public as well as Commercial customers.
• Good communication skills.
• Must demonstrate excellent computer skills; relevant software application proficiency strongly preferred.
• Experience in troubleshooting and resolving transactional issues and interacting effectively with team leaders and management is required.
• Proven attention to detail and accuracy is required.
• Fluency in English.

Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability or any other legally protected status.