At a Glance
- Tasks: Manage customer receipts and ensure accurate cash allocation in a fast-paced environment.
- Company: Join a leading business near Didcot with a vibrant team culture.
- Benefits: Competitive salary, hybrid working, and opportunities for professional growth.
- Other info: Dynamic role with potential for career advancement and skill development.
- Why this job: Be at the heart of the order-to-cash process and make a real difference.
- Qualifications: Experience in cash allocation and strong Excel skills are essential.
The predicted salary is between 27900 - 34100 £ per year.
A market leading business based near Didcot is recruiting a Cash Allocation Specialist into its Accounts Receivable team. This is a busy, high-volume role at the centre of the order-to-cash process. You will ensure customer receipts are matched, posted and reconciled accurately and on time, so the sales ledger always shows a true picture of what the business is owed.
Key Responsibilities
- Allocate daily customer receipts from BACS, CHAPS, card and cheque payments against open invoices on the sales ledger.
- Match remittance advices to payments, investigating and resolving unallocated or unidentified cash.
- Reconcile customer accounts and clear historic unallocated balances and suspense items.
- Post receipts accurately within agreed daily deadlines.
- Work with Credit Control to resolve queries, short payments, overpayments and deductions.
- Raise and process customer refunds and credit notes in line with approval controls.
- Support the daily bank reconciliation and month-end close, including aged debt reporting.
- Contact customers and internal teams to get missing remittance information.
- Identify process improvements that cut unallocated cash and speed up allocation.
About You
- Previous experience in cash allocation, cash posting, sales ledger or accounts receivable.
- Comfortable working through high transaction volumes quickly without losing accuracy.
- Good working knowledge of Excel (VLOOKUPs, pivot tables, filters).
- Experience with various ERP systems.
- Strong attention to detail with a methodical, problem-solving approach.
- Confident communicator, by phone and email, with customers and colleagues.
- Able to prioritise a daily workload against firm deadlines.
Desirable: AAT studier or interest in studying, shared service centre experience, multi-currency or multi-entity allocation.
Accounts Receivable Assistant - Cash Allocation employer: Confidential
As a leading employer in the data centre operations sector, we offer an exceptional work environment that prioritises employee growth and development. Our collaborative culture fosters innovation and accountability, while our commitment to safety and operational excellence ensures that you will be part of a team that values your contributions. With opportunities for international travel and the chance to lead critical operations across the EMEA region, this role provides a unique platform for impactful leadership and career advancement.
