Cash Receipts & Collection Lead

Job Summary: Responsible for identifying and recording cash receipts for both trade receivables and non-receivables. Responsible for the corporation’s cash application, analysis and recordkeeping including wire transfers, lock box deposits, credit card payments, and foreign currency. Works closely with the Corporation’s Treasury Department and Accounting departments. Ensures collections efforts are conducted in a timely and efficient fashion. This position works independently, with little supervision and direction.

Essential Job Duties and Responsibilities:

• Process cash receipts daily into the company accounting system(s) to update financial reports.
• Balance and Reconcile on both daily and monthly bank reports versus cash receipts entered into the accounting system(s)
• Maintain electronic files and deposit records as required.
• Responsible to maintain and update weekly accounts receivable aging and cash receipts reports distributed to the corporate office and other business units.
• Using customers billing and payment systems (i.e.WAWF, Exostar) must analyze the data and take the necessary collection actions.
• Manages collections efforts as defined by internal Cubic policies. This includes customer invoice acceptance, customer planned payments, and past due invoices.
• Escalate customer disputes and delinquent accounts to the Contracts or Program Management departments to expedite resolution.
• Account reconciliation between customer payment history (i.e. MOCAS) and Cubic’s payment history.
• Support the accounting team by providing backup support for audits.
• Supervise and guide cash receipts and collections team – both in the USA and Hyderabad, India. This includes but not limited to formal and informal performance management, goal setting and attendance management.
• Performs other duties as assigned.

Minimum Job Requirements:

Four-year college degree in Business, Finance or related field of study) and minimum of five years’ experience in Account Receivables cash collections; or equivalent combination of education and experience. Minimum of two years supervisory experience. A successful track record demonstrating problem-solving ability and independent thinking. Requires a flexible work schedule. Sometime requires working outside of the standard work hours. Experience with SAP is a plus. Must be proficient in EXCEL and Power Point. Must be able to multitask in a fast-paced environment. Able to communicate effectively throughout the corporation from co-workers to senior management.

The description provided above is not intended to be an exhaustive list of all job duties, responsibilities and requirements. Duties, responsibilities and requirements may change over time and according to business need.