Advisor, Finance Operations (Cash Application)

Cardinal Health

68d • $67,500 - $96,300

About The Position

Cardinal Health is seeking a highly analytical and detail-oriented Advisor to join our Enterprise Cash Application team. This newly created, strategic role represents a pivotal shift, transforming cash application from a transactional process into an analytical, data-driven operation. The Advisor will be instrumental in ensuring financial accuracy at the customer level, optimizing cash flow, and mitigating compliance risks through in-depth research across all Cardinal Health business units and disparate systems.

Requirements

• Bachelor's degree in related field, or equivalent work experience, preferred.
• 5-8 years of experience in cash application, accounts receivable, financial analysis, or a related field, preferred, with a strong emphasis on research and reconciliation.
• Experience with SAP.
• Proven experience working with multiple ERP systems, preferred.
• Advanced proficiency in Microsoft Excel (e.g., VLOOKUPs, pivot tables, data analysis).
• Strong analytical and problem-solving skills with the ability to conduct in-depth research and synthesize complex data from disparate sources.
• Excellent written and verbal communication skills, with the ability to present findings and recommendations clearly and concisely to various stakeholders.
• Demonstrated ability to collaborate effectively with cross-functional teams, particularly Collections, Credit, and Tax.
• Working Knowledge of escheatment processes is highly desirable.
• High attention to detail and accuracy.
• Ability to manage multiple priorities and work independently in a fast-paced environment.
• Experience with data reconciliation tools or advanced analytics is a plus.

Responsibilities

• Proactively manage aged items to prevent escheatment, facilitate write-off recovery, and ensure complete customer account integrity.
• Conduct in-depth, cross-functional research to resolve complex cash application discrepancies across all Cardinal Health business units and disparate systems.
• Identify and pursue recovery opportunities, including previously written-off receivables and unapplied cash.
• Ensure financial accuracy at the customer level and maintain complete customer account integrity.
• Proactively manage aged unapplied cash, credit balances, and dormant accounts to prevent escheatment.
• Prepare and recommend escheatment for confirmed transactions over 365 days, ensuring compliance with state regulations.
• Prepare detailed documentation and recommendations for review and decisioning by Collections and Credit teams regarding account adjustments, write-off recoveries, and escheatment.
• Reconcile unidentified customer accounts and systematically address unidentified customer payments.
• Optimize cash flow through effective research, resolution, and timely application of payments.
• Mitigate compliance risks related to cash application, unclaimed property, and internal control policies.
• Collaborate seamlessly with Collections, Credit, and Tax teams to ensure research findings translate into actionable recovery efforts and precise account adjustments.
• Ensure Cash Application General Ledger Accounts are in balance and resolve any out-of-balance items.
• Contribute to the development of detailed workflows, procedures, and a centralized knowledge base for research scenarios and resolution steps.

Benefits

• Medical, dental and vision coverage.
• Paid time off plan.
• Health savings account (HSA).
• 401k savings plan.
• Access to wages before pay day with myFlexPay.
• Flexible spending accounts (FSAs).
• Short- and long-term disability coverage.
• Work-Life resources.
• Paid parental leave.
• Healthy lifestyle programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees