Work Schedule
Standard (Mon-Fri)

Environmental Conditions
Office

Job Description

Business Job Title: Lead Cash Allocations Representative

Career Band: 04

Career Track: Professional

Position Location: Manila, Philippines

Direct Reports: No

When you are part of Thermo Fisher Scientific, you'll do challenging work, and be part of a team that values performance, quality and innovation. As part of a successful, growing global organization you will be encouraged to perform at your best. With revenues of $40 billion and the largest investment in R&D in the industry, we give our people the resources and opportunities to make significant contributions to the world.

• Daily monitoring of incoming cash
• Process all Bank Receipts in a timely and accurate manner
• Ensure the allocation of Debtors suspense amounts against customers or to appropriate G/L area
• Record cheque receipts, log cheques with bank, follow through until receipt into the account
• Process Direct Debits and liaise with Treasury teams to ensure end to end approval
• Investigate and resolve any discrepancies
• Ensure sufficient documentation is maintained to trace all transactions and maintain reconciliation (debtor suspense movements, unallocated cash, cheque receipts, etc.)
• Perform month end activities such as account reconciliation, month end close and month end reporting
• Liaise with the internal credit control team to discuss any complex unallocated payments
• Contact customers to obtain remittances or resolve outstanding cash entries
• Review and action any Unallocated Cash amounts on a regular basis
• Provide timely access to leaders for challenging team cases that have not been resolved, in order to acquire the most appropriate mentorship.
• Develop knowledge in systems and / or platforms of the company for the assigned processes according to the division. To know the "end to end" of your processes.
• Ensure the performance of tasks is carried out in line with company policies, internal controls and Sarbanes-Oxley requirements
• Ensure completion of Cash Application tickets and other requests (including credit cards), within established SLAs through the correct process, with attention to detail to provide the expected quality according to the request.
• Verify that approvals are in accordance with the matrices established for the applicable processes before completing the application.
• Assist with requests for internal or external audits, compiling the support of the requested samples.
• Find opportunities for improvement of processes related to the department, proposing solutions and effective approaches.
• Additional tasks may include:
• Cover other cash application work during holidays / absences
• Participate in the updating of position manuals or process support documentation when required.
• Assist with the training and mentoring of new employees joining the OtC department.
• Other additional duties or tasks may be assigned periodically by the Line Manager.

• This position interacts with various levels of internal and external customers, and therefore effective and confident communication skills are required to effectively address issues and provide updates.
• Proven attention to detail and accuracy.
• Demonstrated proficiency in collaborating effectively with a wide range of people to achieve common goals.
• Comfortable in a fast-paced environment.
• Proficient in independently resolving complex issues and addressing partner concerns at the first level
• Strong organisational and time management skills to ensure prioritisation and timely completion of tasks and efficiency in handling multiple responsibilities simultaneously.
• Initiative and organisation skills are valuable to ensure the timely completion of a large volume of work
• Willingness to train and mentor newcomers
• Problem-solving and analytical ability.

• Fluent in English.
• University or College degree.
• Proficiency in Microsoft Office software is required (Outlook, Excel, etc.).
• Previous 2+ years of work experience in Shared Service Centers in a similar role is required.
• Proven experience and capability to handle at least one ERP (SAP, Oracle, JD Edwards, etc.).
• Experience in Banking portals.