Revvity | About Us
Revvity is a developer and provider of end-to-end solutions designed to help scientists, researchers, and clinicians solve the world’s greatest health challenges. We pair the enthusiasm of an industry disruptor with the experience of a longtime leader. Our team of 11,000+ colleagues from around the globe are vital to our success and the reason we’re able to push boundaries in pursuit of better human health.
Find your future at Revvity.
The Cash Application Specialist is responsible for the accurate and timely application of customer payments to open receivables in the company’s accounting system. This role plays a critical part in maintaining clean accounts receivable records, supporting strong cash flow, and enabling effective credit and collections processes. The specialist will work closely with Credit & Collections, Finance, and Customer Service teams to resolve payment discrepancies and ensure proper allocation of funds.
Adhere to and promote Group Policies, Processes and Ethics and Compliance Practices.
CASH APPLICATION PROCESS
> Accurately apply customer payments (checks, ACH, wire transfers, credit cards and direct debits) to customer accounts in the ERP system in a timely manner.
> Review and interpret remittance advices to ensure correct allocation of payments against open invoices.
> Monitor and manage unapplied cash, partial payments, and on-account payments.
> Identify and resolve payment discrepancies, including short payments, overpayments, duplicates, and unidentified cash.
> Ensure all cash application entries are properly documented and supported.
RECONCILIATION & REPORTING
> Reconcile cash receipts to bank statements and system records in collaboration with Finance/Treasury where required.
> Maintain accurate and up-to-date customer account records.
> Support month-end close activities related to cash and accounts receivable.
> Assist with standard reporting, including unapplied cash, exceptions, and aged unapplied items.
> Investigate and resolve variances in a timely manner, escalating where appropriate.
PROCESS/PROCEDURES
> Follow established cash application processes, policies, and internal controls.
> Contribute to continuous improvement of cash application procedures and system usage.
> Identify recurring issues or process gaps and suggest practical improvements.
> Escalate complex or high-risk issues to senior team members or management as appropriate.
> Support system enhancements or process change initiatives when required.
CUSTOMER & INTERNAL RELATIONS
> Act as a point of contact for internal teams regarding payment application and customer account queries.
> Liaise with Credit & Collections to clarify payment allocations and support dispute or deduction resolution.
> Work closely with Billing and Customer Service teams to resolve payment-related issues.
> Respond professionally and promptly to internal and external inquiries related to payments and account balances.
> Build and maintain strong working relationships across Finance and Credit functions.
AUDIT
> Take part in internal and external audit preparation and support activities as required.
> Maintain compliance with relevant financial regulations, company policies, and internal controls.
> Ensure accurate record keeping and retention of payment documentation and audit evidence.
> Assist in responding to audit queries related to cash application and accounts receivable when needed.
EXPEREINCE & KNOWLEDGE
> 1-3 years of experience in Cash Application, Accounts Receivable, or a similar finance operations role.
> Good understanding of the end-to-end Order-to-Cash (O2C) or Invoice-to-Cash process.
> Experience working with high volumes of transactions and meeting processing deadlines.
EDUCATION
> BA degree in Finance or similar is desirable
TECHNNICAL SKILLS
> Experience using an ERP system (ideally SAP).
> Proficiency in Microsoft Excel (e.g., lookups, filters, basic formulas).
> Familiarity with bank payment methods including ACH, wires, checks, credit cards and direct debits.
ANALYTICAL & PROBLEM-SOLVING SKILLS
> Strong attention to detail and accuracy.
> Ability to investigate and resolve discrepancies methodically.
> Comfortable handling and reconciling data from multiple sources.
COMMUNINCATION & INTERPERSONAL SKILLS
> Clear and professional written and verbal communication skills. [Fluent English - at least CEFR B2/C1 level]
> Ability to work collaboratively with Credit, Collections, Billing, and Finance teams.
> Confident in handling internal and external payment-related queries.
PERSONAL ATTRIBUTES
> Organised with good time management skills.
> Proactive and willing to suggest improvements.
> Able to work independently while also contributing positively to a team.
> Adaptable to process or system changes.
DESIRABLE (Not Essential)
> Knowledge of SOX controls or audited environments.
> Experience with automated cash application tools or matching systems.
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