Cash Operations Analyst
Cash Operations Analyst
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Job Description
A Cash Operations Analyst at IFS is responsible for the timely and accurate processing of cash related operations for IFS.
The role is focused on excellent knowledge of the accounts payable and receivables function alongside having sound understanding of treasury related activity. A cash operations analyst will carry out bookkeeping for both payments and receipts perform bank reconciliations investigate aged debtors and creditors and perform required reporting of cash related activities.
The role requires a high level of attention to detail and strong written and verbal communication skills an understanding of the various local taxation requirements will also be important but will be developed.
In addition a Cash Operations Analyst at IFS continuously expands their business process domain knowledge and shares this knowledge to guide others.
- Adhere to internal controls in place by the treasury team and support functions
- Coordinate with relevant Finance and Operations teams regarding payment runs and ensure timeliness of payment execution in accordance with contractual requirements.
- Ensure that appropriate accounting entries are recorded for cash inflows and outflows in line with IFS policies and processes.
- Ensure all queries are actioned within given timelines
- Investigate and resolve any internal or external cash related disputes
- Performs all activities with a high level of accuracy and attention to detail
- Complete all activities in accordance within IFS standard operating procedures
- Carry out related monthend activity and support in both internal and external audits
- Analyze and ensure lowest levels of late interest fees and penalties from external suppliers
- Engage in process improvement opportunities and initiate relevant cost reduction practices to drive efficiency
- Perform bank reconciliation activities in line with audit requirements
- Report on key process indicators for the month and suggest improvements for efficiency
- Analyze aged debtors and creditors and propose suggestions for better working capital
- Analyze the cash entries in the general ledger against bank transactions and ensure completeness
- Assist and actively engage in system testing / upgrades / enhancements
- Ensure process documentation and all transactional activity is backed with supporting which is compliant
Qualifications :
University degree or equivalent professional qualifications in the accounting and finance field.
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
