Cash Operations Analyst

A Cash Operations Analyst at IFS is responsible for the timely and accurate processing of cash related operations for IFS.

The role is focused on excellent knowledge of the accounts payable and receivables function alongside having sound understanding of treasury related activity. A cash operations analyst will carry out bookkeeping for both payments and receipts, perform bank reconciliations, investigate aged debtors and creditors, and perform required reporting of cash related activities.

The role requires a high level of attention to detail and strong written and verbal communication skills, an understanding of the various local taxation requirements will also be important but will be developed.

In addition, a Cash Operations Analyst at IFS continuously expands their business process domain knowledge and shares this knowledge to guide others.

• Adhere to internal controls in place by the treasury team and support functions
• Co-ordinate with relevant Finance and Operations teams regarding payment runs and ensure timeliness of payment execution in accordance with contractual requirements.
• Ensure that appropriate accounting entries are recorded for cash inflows and outflows in line with IFS policies and processes.
• Ensure all queries are actioned within given timelines
• Investigate and resolve any internal or external cash related disputes
• Performs all activities with a high level of accuracy and attention to detail
• Complete all activities in accordance within IFS standard operating procedures
• Carry out related monthend activity, and support in both internal and external audits
• Analyze and ensure lowest levels of late interest fees and penalties from external suppliers
• Engage in process improvement opportunities and initiate relevant cost reduction practices to drive efficiency
• Perform bank reconciliation activities in line with audit requirements
• Report on key process indicators for the month and suggest improvements for efficiency
• Analyze aged debtors and creditors and propose suggestions for better working capital
• Analyze the cash entries in the general ledger against bank transactions and ensure completeness
• Assist and actively engage in system testing / upgrades / enhancements
• Ensure process documentation and all transactional activity is backed with supporting which is compliant

Education

Perusing a University degree, or equivalent professional qualifications, in the accounting and finance field.

Experience

Minimum of 3 years experience working in global environments. 

Specific Knowledge

• Proficiency in MS Office applications (MS Excel is mandatory) with background in MS Outlook
• Proficient in using ERP applications
• Knowledgeable in Internal control
• Financial control process including account reconciliations and substantiations

Skills

• English Communication skills (oral & written)
• Analytical Skills
• Attention to details skills
• Interpersonal skills
• Ability to follow detailed workflow and instructions
• Time/Work management skills

As a step in our recruitment process, all final candidates will undergo a background check, to get us an understanding of our future employees.

We respectfully decline all offers of recruitment and/or advertising assistance.

IFS Fact
IFS develops and delivers enterprise software for customers around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. The industry expertise of our people and solutions, together with a commitment to delivering value to every one of our customers, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of 6,000+ employees and growing ecosystem of partners support more than 10,000 customers around the world challenge the status quo and realize their competitive advantage. Learn more about how our enterprise software solutions can help your business today at ifs.com.