SAP Cash Application Specialist

Job Description: SAP Cash Application Specialist

Experience: 4- 8 years

Location: Pune/Chennai/Bangalore and Hyderabad

PFB JD:

Key Discussion Points

• Profiles should demonstrate hands-on SAP experience in support or implementation projects—not only end-user experience.
• Core skills required:
• SAP Cash Application process
• Electronic Bank Statements (EBS)
• Bank statement formats and processing
• EBS configuration, including OT83
• Daily bank statement loading and reconciliation
• Cash application scenarios involving underpayments, overpayments, deductions, discounts, and taxes
• Clear communication skills

Key Responsibilities

• Payment Processing: Post daily high-volume cash, check, wire, ACH, and credit card payments to customer accounts accurately.
• Invoice Matching: Analyse remittance advice to correctly match incoming funds against outstanding open invoices.
• Discrepancy Resolution: Investigate and resolve short payments, overpayments, deductions, and unapplied cash by partnering with customers and internal billing teams.
• Bank Reconciliation: Perform daily reconciliations ensuring total ledger deposits perfectly match bank statements.
• Reporting: Prepare weekly cash receipt summaries and highlight aging unapplied cash for management review

Qualifications & Skills

• Experience: 03–04 years of proven experience in SAP FI-AP, SAP FI-AR, Bank Communication Management (BCM), Multi-Bank Connectivity (MBC), SAP Cash Application (intelligent/ML-based incoming payment matching), electronic bank statement (EBS) processing (FF.5/FF_5, FEBAN, FEBP), lockbox automation, and posting rules/search strings to maximize auto-clearing rates. SAP S/4 HANA experience in Cash management and Bank account management,
• Communication: Clear verbal and written communication skills for professional outreach to clients regarding payment details.
• Education: Degree in Accounting, Finance.