Job Description
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About Thermo Fisher Scientific:
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, with revenues of $40 billion. Each one of our 100,000 outstanding 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 real-world impact, and you’ll be supported in achieving your career goals.
Position Summary:
- Responsible for the day to day recording of cash receipts for the allocated countries ensuring the cash is applied onto the correct account/invoice
- The position requires being able to adapt to a rotation system when other cash allocators are on holidays
- Responsible for month end activities such as account reconciliation, month end close and month end reporting is also encouraged
- The role would suit a candidate who can optimally handle a large volume of data in an accurate and timely manner, while displaying passion to achieve critical metrics
Key Responsibilities:
- 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 sophisticated unallocated payments
- Contact customers to acquire remittances or resolve outstanding cash entries
- Proactively contact customers to encourage and facilitate move to electronic payment method(s)
- Review and action any Unallocated Cash amounts on a regular basis
- Cover other cash application work during holidays / absences
- Ensure the performance of tasks is carried out in line with company policies, internal controls and Sarbanes-Oxley requirements.
- May assist in the training of new employees joining the Invoice-to-Cash (ItC) Department
- Various ad hoc responsibilities/tasks may be assigned from time to time by Team Leader
Skills Required:
- This position interacts with various levels of internal and external customers, and therefore requires good communication skills and judgement, tact and subtlety in troubleshooting problems and presenting status
- Initiative and organisation skills are valuable to ensure the timely completion of a large volume of work
- Accuracy is required in performing all functions of this position
- Effectiveness in this role requires a thorough working knowledge of relevant accounting systems, policies and procedures
- System knowledge is essential to perform this role effectively and efficiently
Contacts:
- Has contact with various levels of company employees and external customers
Minimum Requirements/Qualifications:
- Educated to higher / standard grade level
- Previous experience ideally operating in a busy accounts or customer service function dealing with Governmental as well as Commercial customers is required
- Previous experience in troubleshooting and resolving transactional issues and interacting effectively with both colleagues and management is required
- Proven attention to detail and accuracy is required
- Relevant software application proficiency strongly preferred (e.g. Oracle E1, SAP, CForia, etc.)
Non-Negotiable Hiring Criteria:
- Excellent computer skills and knowledge of the Microsoft Office software (Outlook, Excel, PowerPoint, Word, etc.)
- Fluent in English and if specified, another European language may be required
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