Invoice to Cash AnalystJob Description:
Kenvue is recruiting for an Invoice to Cash Analyst to support its Invoice to Cash team, encompassing Credit Management, Collections, Disputes/Deductions Management, Cash Applications, and AR Reporting. As a member of this team, you will support daily operations while ensuring adherence to compliance and performance standards.
This is an exciting opportunity that will offer exclusive access to a network of financial professionals worldwide. This network will help you build on your current skills and explore opportunities to grow your career at Kenvue.
Within Kenvue's Invoice to Cash team, we value ideas for innovation and improvement and are committed to diversity and inclusion. Together we will reimagine business processes to become more effective, more efficient, and improve customer experience.
What You Will Do?Drive Operational Excellence
• Help execute against key KPIs and targets as set by the team manager.
• Ensure all processes are compliant with internal and external audit requirements.
Credit Management Oversight
• Key activities inclusive of but not limited to:
• Assess customer creditworthiness and assign risk ratings.
• Set and approve credit limits based on customer needs and risk.
• Manage customer credit holds and communicate status updates.
• Document all assessments and update customer records regularly.
Collections Management Oversight
• Key activities inclusive of but not limited to:
• Manage new customer setups and assign profiles to collections specialists.
• Generate and review collections worklists for timely follow-ups.
• Send correspondence and past due notices to maintain payment schedules.
• Assess high-risk accounts, initiate final demand notices, and assign to collection agencies as needed.
• Update and monitor doubtful debt reserves, write-offs, and DSO metrics regularly.
Cash Applications Oversight
• Key activities inclusive of but not limited to:
• Receiving of remittance advice.
• Receiving and posting payments.
• Contacting customers for missing remittance details.
• Processing receipts and allocating cash.
• Processing payment rejections.
• Creation and validation of customer refunds as necessary.
• Posting/reconciling AR activity to the general ledger.
Deductions/Dispute Management Oversight
• Key activities inclusive of but not limited to:
• Identification of customer deductions.
• Collection of support documentation.
• Root cause analysis and deduction resolution.
• Process deduction adjustments and write-off balances.
• Reporting & Analytics.
What We Are Looking ForRequired Qualifications
• Bachelor's degree in finance, accounting, or related field.
• Minimum 0-2 years of relevant Finance experience, preferably with exposure to credit management, collections, deductions, and/or cash applications.
• Experience working in shared services or a global business services environment.
• Fluent in English, with excellent communication and stakeholder management skills.
• Ability to work individually and in a team-oriented environment.
• A can-do attitude and ability to work on multiple tasks with minimal supervision.
• Ability to work under pressure with excellent problem-solving skills.
Desired Qualifications
• Professional designations such as MBA, CPA, or CMA or working towards the designation would be an advantage but not required.
• Knowledge of automation tools and technology used in financial operations.
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