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Supervisor Cash Allocations

Location Quezon City, Philippines Job Id R-01295953 Job Type Full time Category Finance Remote Hybrid
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JOB DESCRIPTION

Work Schedule

Standard (Mon-Fri)

Environmental Conditions

Office

Job Description

Job Description

Business Job Title: Supervisor, Accounts Receivable

Career Band: 06

Career Track: Management

Position Location: Manila, Philippines

Direct Reports: Yes

Join Thermo Fisher Scientific and be part of a team that values performance, quality, and innovation. With our global presence and robust R&D investment, we provide resources and opportunities that enable significant contributions to the world.

Position Summary:

As a Supervisor of the Cash Allocations team, your role will involve overseeing the operations and performance of the team. The primary objective is to ensure the timely and accurate processing of the daily bank statements, achieve all Accounts Receivable (AR) targets relating to unallocated cash receipts while ensuring adherence to Service Level Agreements (SLAs). Additionally, you will be expected to meet the company's targets for effective team management and engagement.

The role would suit a candidate with excellent rapport building ability, strong verbal and written communication skills, strong people management and leadership skills. Experience in cash allocations and people management as well as a passion to achieve critical metrics are crucial to fully grasp the complexity of the role.

Responsibilities:

  • Responsible for performance management and development of the team through regular 1-1s and portfolio reviews
  • Responsible for achieving direct team’s target by daily management of Key Performance Indicators related to cash application and adherence to Service Level Agreements
  • Prepare root cause analysis for misses and work on continuous performance improvement.
  • Lead the reconciliation process to ensure a strong receivable, in strong collaboration with the credit & collections teams.
  • Collaborate closely with the Credit & Collections, Treasury and Accounting teams to improve quality and cash flow and to ensure efficient processes.
  • Provide support in resolving unreconciled items and unknown customer receipts.
  • Maintain accurate documentation and information in compliance with existing processes and regulations.
  • Ensure smooth performance of month end activities such as account reconciliation, general ledger close and cash reporting.
  • Drive a culture of continuous process improvements with the goal of creating lean processes and standardization
  • Collaborate effectively with Internal and External Audit teams to facilitate testing procedures.
  • Deputize for Manager where required.
  • Undertake other projects and responsibilities as assigned.
  • Ensure the performance of all tasks is carried out in line with company policies, internal controls and Sarbanes-Oxley requirements.
  • Comply with equal employment opportunity laws, regulations and company policies related to discrimination in hiring, performance managing, promotion and compensation, including sexual harassment.

Skills Required:

  • Demonstrated strong leadership skills, ability to inspire and motivate team members, set clear expectations, and provide guidance and support.
  • Effective communication skills are critical in order to convey expectations, provide feedback, and lead successful negotiations.
  • Strong problem-solving skills to handle complex situations, identify root causes, and develop effective solutions.
  • Excellent organizational skills: being able to prioritize tasks, manage multiple projects simultaneously, and meet deadlines.
  • Working collaboratively with other departments, such as Credit & Collections, Treasury and Accounting teams.
  • Flexibility and adaptability to changing business needs and priorities.
  • Excellent attention to detail to ensure accuracy in in processing, documentation, and reporting.
  • Solid understanding of basic and advanced accounting principles
  • In-depth understanding of end-to-end Accounts Receivable functions (credit, collections, cash allocations, reporting processes, and procedures).
  • Proven track record of excellent judgment and decision-making ability.
  • Demonstrated diplomacy, integrity and ethical standards.

Qualifications and experience:

  • Proficient in English.
  • University or College degree.
  • 6+ years of experience in a Cash Application function and 3+ years of experience leading an operational team in a fast-paced AR environment.
  • Proficiency in relevant software applications (e.g., SAP, Oracle, JD Edwards).
  • Excellent digital literacy with Microsoft Office software (Outlook, Excel, PowerPoint).

At Thermo Fisher Scientific, join our 100,000 outstanding minds and contribute to our mission to make the world healthier, cleaner, and safer. Apply today!

Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability or any other legally protected status.

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Accessibility/Disability Access
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
 
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eeo and affirmative action statement
EEO & Affirmative Action Thermo Fisher Scientific is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, creed, religion, color, national or ethnic origin, citizenship, sex, sexual orientation, gender identity and expression, genetic information, veteran status, age or disability status.
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