Cash Applications Analyst

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Job description

About Us:

We are PIMCO, a leading global asset management firm. We manage investments and develop solutions across the full spectrum of asset classes, strategies and vehicles: fixed income, equities, commodities, asset allocation, ETFs, hedge funds and private equity. PIMCO is one of the largest investment managers, actively managing more than $1.91 trillion in assets for clients around the world. PIMCO has over 2,800 employees in 17 offices globally. PIMCO is recognized as an innovator, industry thought leader and trusted advisor to our clients.

PIMCO is one of the world's premier fixed income investment managers with thousands of professionals around the world united in a single purpose: creating opportunities for our clients in every environment. Since 1971, we have brought innovation and expertise to our partnership with the institutions, financial advisors and millions of individual investors who entrust us with their assets. We aspire to cultivate performance and leadership through empowering our people, diversity of thought, and a commitment to an inclusive culture that engages in our global communities.

Position Description:

PIMCO's Client Billing department is comprised of revenue professionals focused in three functional areas: Billing, Reporting, and Cash Applications. The department is responsible for calculating, invoicing and collecting separate account revenue for all entities and we are seeking highly motivated and intellectually curious Analyst to join our team and support the Cash Applications team.

Cash Applications Analysts have a unique opportunity to drive operational excellence by understanding global payments processes, analyzing multi-element payments, and determining solutions to team challenges. Automation projects add another opportunity to bring value to this role.

Key Responsibilities

• Download bank deposits daily. Identify and apply client payments into the General Ledger timely. Identify and report all non-AR payments.
• Monitor collections reports. Apply PIMCO's collections policy to all outstanding items and action correspondence efforts and escalation. Prepare reports for distribution to Account Managers and Senior Management on a monthly basis.
• Coordinate with global colleagues in Account Management, Accounting, and other parties to resolve issues promptly and efficiently
• Prepare monthly write off reports. Complete write offs in General Ledger system once proper approvals are obtained
• Reconcile bank deposits with AR postings at month-end
• Respond to internal and external inquiries regarding open balances and communicate with clients or client service professionals

Position Requirements:

• Minimum of a Bachelor's Degree in Finance, Accounting, Economics
• Minimum 2 years of progressive experience in A/R, accounting, collections roles
• Strong accounting fundamentals
• Possess intellectual curiosity and strong analytical and critical thinking skills, including the ability to effectively and autonomously problem solve
• Strong sense of urgency and ability to work under pressure in a fast paced and demanding environment, which includes handling multiple tasks and challenging deadlines
• Superior written and verbal communication skills with the ability to engage professionally and succinctly with all levels across the firm
• Ability to work with a strong sense of accountability, integrity and ownership
• Intermediate proficiency in Microsoft Office Suite, including Excel and Outlook
• Familiar with SAP or other large ERP system
• Committed to PIMCOs values: Collaboration, Openness, Responsibility and Excellence that allow us to bring the best to our clients and each other

Professional Skills Requirements

• Exceptional organizational skills, including the ability to multi-task and manage a large number of ongoing initiatives
• Demonstrated ability to deliver on assigned responsibilities through pursuing excellence, impeccable attention to detail, and use of effective interpersonal and communication skills
• Flexibility to adapt to shifting priorities, manage deadlines, and support dynamic initiatives in fast-paced environment
• Inquisitive self-starter and quick learner; adaptable to learn new processes, concepts, and skills

Benefits:

PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and well-being of you and your family. Benefits vary by location but may include:

• Medical, dental, and vision coverage
• Life insurance and travel coverage
• 401(k) (defined contribution) retirement savings, retirement plan, pension contribution from your first day of employment
• Work/life programs such as flexible work arrangements, parental leave and support, employee assistance plan, commuter benefits, health club discounts, and educational/CFA certification reimbursement programs
• Community involvement opportunities with The PIMCO Foundation in each PIMCO office