Accounts Payable / Receivable, Sr Associate

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.