Italian Cash Application and AR Accountant

1 month ago


Budapest, Budapest, Hungary Reed Magyarország Kft. Full time

Our multinational partner company is looking for a talented AR Cash Application Accountant colleague.

Benefits :

  • Working in a successful organization
  • Hybrid working: 3 days home office and 2 days office
  • Health & Safety: highest standards and a wide range of health promotion and healthcare activities (Medicover package)
  • OTP Szép Card: Gross HUF / month and annual bonus
  • Pension: they have various financial models to give you individual support
  • Training and education programs to help you develop professionally and personally

Your tasks will be:

  • Be involved in day-to-day operations in the following process areas (not exhaustive)
  • Apply cash remittances and credits/adjustments
  • Send cash application status / report daily to entity
  • Validation of interfaces
  • Schedule payment run
  • Maintain payment blocks
  • Verify payment run (interface)
  • Send payment register/plan for review and approval
  • Disburse payment
  • Reconciliation & Reporting
  • Posting of interest and bank charges
  • Reconciliation bank clearing account
  • Reconcile bank accounts with system
  • Prepare statistics/ special reporting requirements
  • Prepare cashflow forecast
  • Manage Intercompany Clearing Process, Netting with entities outside the netting tool
  • Be adherent to agreed service levels, policies and procedures
  • Identify, evaluate and resolve issues (incl. process improvements)
  • Engage in collaboration with the business and stakeholders to develop a professional relationship
  • Provide qualitative customer service
  • Ensure that all process manuals/relevant work instructions are created and updated on a regular basis

Requirements :

  • University degree in Economics or Finance with major in accounting or equivalent qualification is preferref
  • 1+ years of experience in accounting (primarily cash application or treasury)
  • Very good understanding of the Cash application processes
  • Continuous Improvement and Quality mindset
  • Strong customer orientation
  • Strong English and Italian language skills (Hungarian skills are an advantage)
  • Very good knowledge of SAP FI
  • Self-starting attitude and ability to work independently
  • Strong team-player
  • Ability to pay close attention to detail and prioritize the right things at the right time
  • Excellent communication skills


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