Kuala Lumpur, Kuala Lumpur
10 days ago
Cash Application Specialist

Vantive: A New Company Built On Our Legacy

Baxter is on a journey to separate our ~$5B Kidney Care segment into a standalone company. Vantive* will build on our nearly 70-year legacy in acute therapies and home and in-center dialysis to provide best-in-class care to the people we serve. We believe Vantive will not only build our leadership in the kidney care space, it will also offer meaningful work to those who join us.

At Vantive, you will become part of a community of people who are focused, courageous and don’t settle for the mediocre. Each of us are driven to help improve patients’ lives worldwide. Join us as we revolutionize kidney care and other vital organ support.

*Completion of the proposed separation of Kidney Care from Baxter into a standalone company (to be named Vantive) remains subject to the satisfaction of customary conditions.

• Retrieve EFT, ACH payment information received and input and process remittances against customer accounts and invoices
• Run/monitor the auto cash application routines
• Accurately balance deposits received and accounts receivable in the ERP
• Identify short-pays or discounts taken and request credit notes if applicable
• Apply and record “unapplied cash” to customer accounts and monitor unapplied cash levels
• Collaborate with the Customer or the Accounts Receivable team as necessary to ensure cash is appropriately applied to open invoices
• Resolve issues associated with cash posting by working with both external and internal parties
• Manage banking relationships for specific countries or customer groups within the area of responsibility, and collaboratively with the Treasury team responsible for banking relationships
• Partner with Accounts Receivable and Customers to improve the information detail and quality of remittance advices to increase cash application accuracy
• Develop an understanding of the technologies involved in the end to end process, and identify opportunities for improvement
• Monitor cash application errors and automation exceptions and work with the Cash Application Team Lead and IT partners to eradicate the root cause of errors and improve the automation level of the cash application process
• Facilitate any refunds due to client through ERP
• Keep up to date and develop process specific competencies and technical skills
• Support the continuous improvement projects as assigned by the Cash Application

Reasonable Accommodations

Baxter is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the link here and let us know the nature of your request along with your contact information.

Recruitment Fraud Notice

Baxter has discovered incidents of employment scams, where fraudulent parties pose as Baxter employees, recruiters, or other agents, and engage with online job seekers in an attempt to steal personal and/or financial information. To learn how you can protect yourself, review our Recruitment Fraud Notice.

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