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Cash Processing Analyst

Date:  Sep 23, 2022
Location: 

Chicago, IL, US, 60631

Req ID:  25157
Onsite or Remote:  Partial Remote Position

Komatsu is an indispensable partner to the construction, mining, forestry, forklift, and industrial machinery markets, maximizing value for customers through innovative solutions. With a diverse line of products supported by our advanced IoT technologies, regional distribution channels, and a global service network, we tap into the power of data and technology to enhance safety and productivity while optimizing performance. Komatsu supports a myriad of markets, including housing, infrastructure, water, pipeline, minerals, automobile, aerospace, electronics and medical, through its many brands and subsidiaries, including TimberPro, Joy, P&H, Montabert, Modular Mining Systems, Hensley Industries, NTC, and Gigaphoton.

Job Overview

This position requires thorough general ledger reconciliation expertise, assist in month end close, timely completion of projects/reports, and all other aspects related to cash processing.  Successful completion of this position will ensure timely work efficiency.

 

Scope

Komatsu Financial provides wholesale, retail and operating lease financing for 30+ contracted Komatsu distributors and their customers, with 300 locations in North America.  Retail/leasing balances are in excess of $3 billion with over 30,000 contracts, while wholesale balances include over 5000 pieces and totals $700 million+ over the same period.  Annual cash receipts for Komatsu exceed $4B. The operations department of Komatsu Financial is responsible for the orderly liquidation of the company’s receivables through proven collection techniques and sound audit practices.

Key Job Responsibilities

Participate in daily processing wholesale and retail cash averaging $2-6 million per day.

  • Establishing control totals (0 errors per month).
  • Verification and reconciliation of cash received to remittance documents.
  • Updating and posting cash batches.
  • On-line inquiry and distribution of incoming wire transfers and return items.
  • Understanding and use of on-line cash processing system (DCPS) for wholesale and InfoLease for retail to its fullest capacity, i.e. application, research and reporting purposes.

Directly responsible for General Ledger account analysis and reconciliation.

  • Research discrepancies
  • Create spreadsheets ensuring accuracy
  • Preparing journals to correct G/L misapplication

Participate in the processing of retail customer payment applications

  • Responsible for Reapplication and refunding of customer payments
  • Backup to entry of data into B of A web processing systems.
  • Follow-up reporting on transaction volumes and activity, insurance inquiries and extensions
  • Processing of journal entries associated with NSF, seller makeup, and reserve

Acquire and expand working knowledge of proprietary on-line systems and report discrepancies in daily functions to immediate coordinator and/or manager.

  • Proficiency in using PC.
  • Understanding, using, and reporting any discrepancies of InfoLease, DCPS, SAP, WMS, and WMS inquiry.
  • Reporting of any system discrepancies.

Qualifications/Requirements

  • Bachelor’s Degree, preferably in Finance, General Business and/or experience and strong academic background.
  • Accept and understand direction and training.
  • Ability to interact with distribution and Komatsu personnel.
  • PC Knowledge (Excel, e-mail, internet, extranet).

Additional Information

Komatsu is an Equal Opportunity Workplace and an Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.


Nearest Major Market: Chicago

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