Associate Process Specialist (Accounts Receivable)

Posted 9 Days Ago
Navi Mumbai, Thane, Maharashtra
Hybrid
3-5 Years Experience
Enterprise Web • Fintech • Financial Services
The Role
The Associate Process Specialist (Accounts Receivable) at Morningstar is responsible for executing day-to-day accounting activities related to cash application, customer collections, and resolving payment issues. The role requires 3+ years of experience in Accounts Receivable and a Bachelor's degree in accounting or finance. Strong communication, problem-solving skills, and knowledge of ERP systems are essential for this position.
Summary Generated by Built In

Associate Process Specialist (Accounts Receivable) - Finance Shared Services
Employment Type:- Permanent.
The Area: Morningstar is looking for Process Specialist for the Finance Shared Services. The Finance Shared Services is responsible for executing day to day accounting activities of Morningstar Global business in a process oriented and disciplined manner.
The Role: Reporting to the Financial Shared Service Team Leader, executing day to day Accounts receivable activities of Morningstar Global business in a process oriented and disciplined manner. The Role will also include responsibility for the accounting contribution for the shared services responsibility that India plays as part of Morningstar's global business. This role will be based in our Mumbai office.
Key Responsibilities

  • Daily Cash Application receipts through Credit Card portal, ACH/WIRE/EFTs, Lockbox.
  • Apply cash received to customer accounts or follow up with customers regarding past-due payments.
  • Reducing Unapplied and Unidentified receipts
  • Address payment issues like double payments or other discrepancies
  • Initiate customer refund requests
  • Co-ordinating with collection team for reducing overdue collection items.
  • Follow-up on remittances with customers and understanding of adjustments in payments.
  • Resolve customer queries through email.
  • Timely reply to the emails received from Internal customers and stakeholders.


Requirements

  • O2C experience with experience of Cash Application & Collection for USA customers for SSC/BPO.
  • Team player, flexible, enthusiastic, innovative, and proactive
  • Bachelor's degree in accounting, Finance, or related field.
  • 3+ years' concrete experience as Accounts Receivable Executive.
  • Strong Knowledge of Cash Application & Customer collection process.
  • Experienced in ERP modules. Knowledge of Oracle R12 will be preferable.
  • High level of accuracy, efficiency, and accountability.
  • Excellent communication and problem-solving skills
  • Participate in proactive team efforts to achieve departmental & company goals.


Morningstar is an equal opportunity employer.
I10_MstarIndiaPvtLtd Morningstar India Private Ltd. (Delhi) Legal Entity
Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. We've found that we're at our best when we're purposely together on a regular basis, at least three days each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

Top Skills

Oracle R12
The Company
Navi Mumbai, Maharashtra
12,700 Employees
Hybrid Workplace
Year Founded: 1984

What We Do

At Morningstar, we believe in building great products in-house in a highly collaborative, agile environment where we focus on technical excellence, the user experience, and continuous improvement. Our technologists represent a range of skills and experience levels, but they all view their work as a craft and push technology’s boundaries.

Why Work With Us

Imagining big things is in our blood -- it's transformed us from a company with just a few employees in 1984 to a leading independent investment research company with a worldwide presence today. As of April 2020, we acquired Sustainalytics to drive long-term meaningful outcomes for investors in the ESG space. Join us on this exciting journey!

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Morningstar Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

Typical time on-site: 3 days a week
Navi Mumbai, Maharashtra

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