Account Receivable Associate

ZEISS · Manufacturing & Industrial

Mumbai
On-site
Posted 2 days ago
Finance & Accounting

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About the job

ZEISS in India

ZEISS in India is headquartered in Bengaluru and present in the fields of Industrial Quality Solutions, Research Microscopy Solutions, Medical Technology, Vision Care and Sports & Cine Optics.

ZEISS India has 3 production facilities, R&D center, Global IT services and about 40 Sales & Service offices in almost all Tier I and Tier II cities in India. With 2200+ employees and continued investments over 25 years in India, ZEISS’ success story in India is continuing at a rapid pace.

Further information at ZEISS India .

Position Summary

The Cash Application & Collections Associate is responsible for timely cash application, collections, account reconciliations, and resolution of payment discrepancies. The role supports healthy Accounts Receivable (AR) balances by ensuring accurate payment processing, timely collections, and effective collaboration with customers and internal teams.

Key Responsibilities

Apply customer payments accurately through ACH, wire transfers, checks, lockbox, and other payment methods.

Resolve unapplied cash, short payments, deductions, and payment discrepancies.

Monitor AR aging, follow up on overdue invoices, and achieve collection targets.

Communicate with customers to resolve payment issues and secure timely collections.

Collaborate with Sales, Billing, and Customer Service to resolve disputes and reconcile customer accounts.

Maintain accurate AR records, perform account reconciliations, and support month-end close and audit activities.

Ensure compliance with internal controls, SLAs, and company policies.

Identify and implement process improvements to enhance cash application and collection efficiency.

Bachelor’s degree in accounting, Finance, Commerce, or a related field with 3–4 years of experience in Cash Application, Accounts Receivable, and Collections.

Proficient in SAP or Microsoft Dynamics and Microsoft Excel for payment processing, reconciliations, and reporting.

Strong understanding of AR processes, cash application, collections, and dispute resolution.

Excellent analytical, communication, stakeholder management, and problem-solving skills with high attention to detail.

Ability to prioritize tasks, meet deadlines, and work effectively in a fast-paced environment.

Your ZEISS Recruiting Team:

Manoj Badaik