Job Details

Key Responsibilities:

• Oversee Cash Disbursements: Take charge of the Corporate Accounts Payable cash disbursements process, ensuring efficient and accurate payment handling for the North America Shared Services Center.

• Monitor and Manage Payments: Continuously monitor outbound payments to ensure they are accurate and timely, addressing any discrepancies or issues promptly.

• Handle Returned Checks: Manage the receipt and resolution of returned checks efficiently, taking prompt action to maintain financial accuracy and integrity.

• Process Payment Requests: Accurately process voids, stop payment orders, and reissue requests through Salesforce, maintaining meticulous attention to detail to ensure all transactions are correctly processed and documented.

• Support Manual Payment Processes: Provide comprehensive support for internal manual payment initiation processes, ensuring seamless execution and adherence to company policies.

• Cross-BU Support: Provide support for cash disbursement processes across other Business Units when needed, ensuring consistent standards and practices.

• Collaborate with Banking Partners: Work closely with banking partners to swiftly resolve any defects or issues that may arise, maintaining strong professional relationships and ensuring smooth payment operations.

• Manage Unclaimed Property: Oversee the unclaimed property process, including identifying, reporting, and remitting unclaimed funds in compliance with state regulations. Ensure timely and accurate reporting to avoid penalties and maintain compliance.

• Promote EFT Adoption: Actively contribute to initiatives aimed at increasing Electronic Funds Transfer (EFT) adoption, working towards a more efficient and streamlined payment process.

• Streamline and Automate Processes: Continuously identify and implement opportunities to streamline and automate manual processes, enhancing efficiency and accuracy in the disbursement process.

• Monitor EFT Transactions: Oversee EFT transactions closely to ensure prompt and accurate disbursement of funds, minimizing delays and errors.

• Collaborate with MVT Bank and Cash Team: Work collaboratively with the MVT Bank and Cash team to resolve reconciling items and ensure the general ledgers are balanced and accurate.

Qualifications:

• Strong understanding of accounts payable and cash disbursement processes.

• Proficiency in Salesforce and other relevant financial software.

• Exceptional attention to detail and organizational skills.

• Excellent problem-solving abilities and a proactive approach to identifying and resolving issues.

• Strong communication and collaboration skills, with the ability to work effectively with internal teams and external partners.

• Experience in process improvement and automation initiatives is a plus.

• Knowledge of banking operations and electronic funds transfer processes.