Cash Application and Receivables Analyst

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Cash Application and Receivables Analyst

Apply locations Petaling Jaya time type Full time posted on Posted 2 Days Ago job requisition id R2739569

Job title : Cash Application and Receivables Analyst

• Grade: L1
• Location : Petaling Jaya
• % Remote working and % of travel expected ; Hybrid
• Job type: Permanent, Full time

About the job

Our Team:

Our organization in Kuala Lumpur is growing fast, and we're always looking for talented professionals to join our Order to Cash service line.

Why join our team?

Our Order to Cash (O2C) team aims for excellence, equipping Sanofi with a robust core model, seconded with best of breed digital solutions embedding artificial intelligence and machine learning functionalities.

Our international presence, our ambition to become a global reference player for all order to cash related processes mean that our team works on a variety of projects with opportunities for a rich mix of work. This leads to a challenging and stimulating professional experience full of growth and learning.

We offer a diverse and dynamic environment that’s growing at pace. Over the past two years, Sanofi Business Operations (SBO) has doubled in size and increased its scope.

As one department within SBO, we’re also part of something much bigger. This provides opportunities for learning, growing, job moves and a diversified, fulfilling career.

Our function at a glance:

Our O2C team to handle the following activities:

Master data Management Sales orders Management Requests and Disputes Management Credit Risk and Credit Data Management Collections and Customer Contact Management Cash Application and Receivables Management AR related Month-end Closing, Reporting and Non-trade Invoice Management

These operations are critical for customers & patients products fulfillment, accurate accounting, generating cash flow, customer satisfaction.

Connect with us if you are…

• An expert in global processes (master data, sales orders administration, claims, credit, collection, reporting, process mining and data analytics), looking to share your knowledge.
• A professional who thrives in an international environment, where you can develop your talent and realize ideas and innovations within a dynamic team of experts.
• An agent for change, looking to develop new ways of working and driving company performance through continuous improvement that increases the company’s working capital.
• A person eager to be part of our transformation to make Sanofi best in class, while contributing to the company’s results so they can be reinvested to support our purpose: We chase the miracles of science to improve people’s lives.

JOB PURPOSE:

• Deliver cash application and receivables management services as per their respective Service Level Agreements (SLAs)
• Manage incoming payments
• Perform clearing of AR, analyse discrepancies, execute securitization program and factoring
• Address operational issues and follow through to resolution in an effective and timely manner
• Participate in continuous improvement initiatives
• Secure invoice booking & revenue recognition, perform AR monthly closing and reporting services to the in-scope activities within SBO perimeter as per their respective Service Level Agreements
• Monitor SD/FI interface and ensure invoices are booked correctly 
• Generate & book non-Trade invoices
• Ensure revenue recognition (Trade & non-Trade) and related accounting accruals
• Analyse AR ageing reports, recommend bad debts reserves and post entries
• Participate in month end closure activities: reconcile AR postings with GL, analyse & resolve discrepancies, post adjustment entries
• Prepare month end and ad-hoc reports for revenue and AR analysis
• Contribute to periodic reviews and definition of revenue recognition accounting scheme
• Meet operational KPIs and compliance with Sanofi policies and guidelines
• Contribute to Credit Committee and/or O2C Governance

Main responsibilities:

• Deliver cash application receivables and management services for Sanofi entities within SBO perimeter as per their respective Service Level Agreements
• Manage incoming payments
• Perform clearing of Accounts Receivables (AR), analyse discrepancies related to unapplied / misapplied receipts or deductions and propose resolution
• Execute securitization program and factoring
• Contribute to business
• Execute in compliance with Sanofi policies and guidelines
• Complete all activities as per the global Core Model and operational KPIs
• To perform month-end closing activities/reporting such as AR Ageing report & IWC
• To ensure timely & quality month-end closing and reporting of legal statutory account within Sanofi Group Calendar timeframes
• To manage any other tasks as assigned by Team Manager
• To update Standard Operating Procedure (SOP) as and when required and obtain validation from Team Supervisor/Manager
• Pro-actively anticipate operational issues
• To ensure compliance with the following under the supervision of Team Manager:
  • SOX & internal controls compliance
  • Ensure compliance with Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS) and company procedures to ensure integrity of financial information
  • To support internal & external audit and follow up on issues identified within his/her parameter
• Identify process improvement opportunities through elimination of redundant activities
• Participate in process automation initiatives and ensure seamless adoption and transition
• To participate in LEAN workshop, acquire LEAN mindset and work according to LEAN methodology.
• To proactively alert in issue/roadblock and propose solution to Team Manager
• To identify within the task recurring issue/roadblock and to alert and propose for solution.

About you

Language  

• Excellent English written and verbal 
• Other language skill is required (both verbal and written) if supporting countries below:
  • China (Mandarin), Japan (Japanese), Korea (Korean), Thailand (Thai), Arabic (Middle East)

Functional Skills  

• From Fresh Grads up to 2 years´ experience

• For those with previous working experience in Accounting / Finance especially in a shared services setting will be advantageous
• Good business acumen (advantageous) 
• Strong problem solving, deductive (advantageous) 

Technical  

• Working experience with SAP, specifically FICO is preferred, SAP Application Interface framework modules (advantageous) 
• Previous use of an Optical character recognition solution (advantageous)
• Knowledge of Microsoft Office and expertise of MS Excel (essential) 

Interpersonal  

• Ability to interact with internal stakeholders in issue resolution (essential) 
• Detail-minded, clear thinker, quick learner
• Team player, able to work collaboratively transversally and with front line teams with an end to end mindset (essential) 
• Good communication skills (advantageous)

Qualification  

• Minimum Qualifications: Bachelor’s Degree/ Professional Certificate in Accounting/Finance/Business or equivalent

  When joining our team, you will experience:

• An international work environment, in which you can develop your talent and realize ideas and innovations within a competent team
• An attractive, market-oriented salary and cafeteria benefits
• Flexible home office policy, with a possibility to work up to 50% of time from home / where you can easily schedule your office days
• An individual and well-structured introduction and training of new employees and we will dedicate a Buddy for you to better navigate in your first weeks
• Your own career path within Sanofi. Your professional and personal development will be supported purposefully

Sanofi Behaviors and Skills

This position is required to demonstrate behaviors such as Stretch, Put the interest of the organization, Act in the interest of our patients and customers and Take Action.During the interview we will also be asking for examples of skills such as Strategic Thinking, Result Orientation, People Leadership (if applicable), Relationship and Influence.

Pursue progress, discover extraordinary

Better is out there. Better medications, better outcomes, better science. But progress doesn’t happen without people – people from different backgrounds, in different locations, doing different roles, all united by one thing: a desire to make miracles happen. So, let’s be those people.

At Sanofi, we provide equal opportunities to all regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, or gender identity.

Watch our ALL IN video and check out our Diversity Equity and Inclusion actions at sanofi.com !

Pursue progress , discover extraordinary

Better is out there. Better medications, better outcomes, better science. But progress doesn’t happen without people – people from different backgrounds, in different locations, doing different roles, all united by one thing: a desire to make miracles happen. So, let’s be those people.

At Sanofi, we provide equal opportunities to all regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, ability or gender identity.

Watch our ALL IN video and check out our Diversity Equity and Inclusion actions at sanofi.com !

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Sanofi is dedicated to supporting people through their health challenges. We are a global biopharmaceutical company focused on human health. We prevent illness with vaccines, provide innovative treatments to fight pain and ease suffering. We stand by the few who suffer from rare diseases and the millions with long-term chronic conditions.

With more than 100,000 people in 100 countries, Sanofi is transforming scientific innovation into healthcare solutions around the globe. Discover more about us visiting or via our movie We are Sanofi

Why Sanofi

As an organization, we change the practice of medicine; reinvent the way we work; and enable people to be their best versions in career and life. We are constantly moving and growing, making sure our people grow with us. Our working environment helps us build a dynamic and inclusive workplace operating on trust and respect and allows employees to live the life they want to live.