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Job Information

Philips Cash Application Assistant in Ciudad de Panama, Panama


In this role, you have the opportunity to

Take an active role in helping to form our new centralized cash applications team, and the accounting and reconciliation activities that relate. This work all supports our existing team of Collections Specialists who are responsible for cash collections with a defined group of major/key customer accounts, by maintaining excellent relationships with our customers, internal finance leadership, and cross-functional business partners.

You are responsible for (but not limited to)

  • Daily retrieval of bank activity (ACH, wire, lockbox and credit card) and ERP receipt activity and post payments to customer accounts.

  • Daily and monthly reconciliations against monthly bank statements – identifying and resolving reconciliation items on customer accounts.

  • Post and reconcile customer credit card payments.

  • Process offsets to clear matched debts and credits on customer accounts.

  • Manage the Unapplied Cash report and work with Collections to identify solutions to unreconciled cash items.

  • Providing indirect leadership to cash applications, internal finance leadership and cross-functional business partners related to cash management best practices.

  • Support and contribute to accounts receivable accounting lean process improvements.

You are a part of a team

This role is part of the Global Business Service team in Panama city, Panama

To succeed in this role, you should have the following skills and experience

  • +1 years of experience in Accounting or Financial roles

  • Excel – Intermediate

  • SAP or similar ERP accounting applications experience preferred

  • Experience with mailbox processing

  • Ability to work Independently and proactively

In return

We offer you a dynamic working environment in an innovative business, which offers you excellent opportunities to further develop and fully exploit your talents.

Philips is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex (including pregnancy), sexual orientation, gender identity, national origin, genetic information, creed, citizenship, disability, protected veteran or marital status.

Why should you join Philips?

Working at Philips is more than a job. It’s a calling to create a healthier society through meaningful work, focused on improving 3 billion lives a year by delivering innovative solutions across the health continuum . Our people experience a variety of unexpected moments when their lives and careers come together in meaningful ways. Learn more by watching this video . Take a look at Our Panama Office

To find out more about what it’s like working for Philips at a personal level, visit the Working at Philips page on our career website, where you can read stories from our employee blog . Once there, you can also learn about our recruitment process , or find answers to some of the frequently asked questions .