Accounts Payable / Receivable, Sr Associate

Bengaluru, Karnataka, India Apply Now

We Are:

At Synopsys, we drive the innovations that shape the way we live and connect. Our technology is central to the Era of Pervasive Intelligence, from self-driving cars to learning machines. We lead in chip design, verification, and IP integration, empowering the creation of high-performance silicon chips and software content. Join us to transform the future through continuous technological innovation

You Are:

You are a detail-oriented and analytical Accounts Receivable professional with hands-on experience in cash application and AR processes. You thrive in a fast-paced environment, managing high transaction volumes while maintaining accuracy and control.

You bring a strong understanding of ERP systems (preferably SAP), reconciliation processes, and customer payment mechanisms. You are proactive in identifying discrepancies, resolving issues independently, and collaborating effectively with cross-functional teams.

You have a continuous improvement mindset and are motivated to enhance process efficiency, strengthen internal controls, and contribute to a high-performing finance operations team.

What You’ll Be Doing:

Apply customer payments (ACH, wire, checks, credit cards) accurately in ERP systems such as SAP.
Download, validate, and reconcile bank statements (lockbox, e-payments, ACH, wire transfers).
Post and reconcile daily cash receipts and ensure alignment with AR aging reports.
Investigate and resolve unapplied or unidentified cash and discrepancies in a timely manner.
Perform account adjustments including reclassifications, offset clearing, and withholding tax entries where required.
Manage intercompany postings and track misdirected cash transactions.
Collaborate with collections, billing, sales, and treasury teams to resolve customer payment issues.
Support month-end and quarter-end closing activities, including reconciliations, aging reports, and exception clearing.
Prepare cash application and AR reconciliation reports and ensure adherence to internal controls and policies.
Assist with audit queries and contribute to process improvement initiatives.

The Impact You Will Have:

Ensure accuracy and integrity of cash application and AR balances, supporting reliable financial reporting.
Reduce unapplied cash balances and improve working capital efficiency.
Strengthen internal controls and compliance across AR and treasury processes.
Improve operational efficiency through process enhancements and automation initiatives.
Enhance collaboration across finance functions including collections, billing, and treasury teams.

What You’ll Need:

Experience & Education:

Bachelor’s degree in accounting, Finance, or related field (preferred).
3+ years of relevant experience in AR / Cash Application / O2C process roles.

Technical Skills:

Strong knowledge of Accounts Receivable and cash application processes.
Hands-on experience with SAP or similar ERP systems.
Expertise in bank reconciliations and cash posting.
Understanding of AR aging, deductions, and adjustments.
Familiarity with reconciliation tools such as BlackLine (preferred).
Knowledge of global payment methods (ACH, wire, lockbox, credit card, e-payments).
Advanced Excel skills (VLOOKUP, pivot tables, reconciliation reporting).
Understanding of internal controls, audit, and compliance requirements.

Who You Are:

Strong analytical and problem-solving skills.
High attention to detail with a strong focus on accuracy and quality.
Effective communicator with strong stakeholder management skills.
Ability to work under tight deadlines, especially during month-end close.
Collaborative team player with a proactive approach to problem resolution.
Adaptable and comfortable navigating process or system changes.

Rewards and Benefits

We offer a comprehensive range of health, wellness, and financial benefits to cater to your needs. Our total rewards include both monetary and non-monetary offerings. Your recruiter will provide more details about the salary range and benefits during the hiring process.

At Synopsys, we want talented people of every background to feel valued and supported to do their best work. Synopsys considers all applicants for employment without regard to race, color, religion, national origin, gender, sexual orientation, age, military veteran status, or disability.

Apply Now