Sr Analyst Cash Applications

At Trane TechnologiesTM and through our businesses including Trane® and Thermo King®, we create innovative climate solutions for buildings, homes, and transportation that challenge what’s possible for a sustainable world. We are a team that dares to look at the world's challenges and see impactful possibilities. We believe in a better future when we uplift others and enable our people to thrive at work and at home. We boldly go.

What’s in it for you:

Be a part of our mission! As a world leader in creating comfortable, sustainable, and efficient environments, it's our responsibility to put the planet first. For us at Trane Technologies, sustainability is not just how we do business – it is our business. Do you dare to look at the world's challenges and see impactful possibilities? Do you want to contribute to making a better future? If the answer is yes, we invite you to consider joining us in boldly challenging what's possible for a sustainable world.

Trane is excited to announce an incredible opportunity for a talented and motivated professional to join our team.

Thrive at work and at home:Inclusive Wellbeing Program, with resources to support your and your family’s physical, social, emotional, and financial well-being.

• Comprehensive learning and development solutions, designed to support our people in connecting and growing, including higher education/certification reimbursement.
• Sense of belonging and community through our Employee Resource Groups that foster our culture of inclusion.
• Volunteerism: 8 hours of paid time off per calendar year to volunteer with non-profit charitable organizations.

The Trane Technologies Helping Hands Fund to support employees facing financial challenges

Where is the work

This position has been designated as On-Site Based in Bengaluru.

What will you do : This position is responsible for the application of payments to North America and EMEA accounts receivable portfolios for Trane Technologies operations at the Bengaluru Shared Service Center.

Key responsibilities include:

• Ensure application of payments received in multiple bank accounts are applied accurately and timely to the appropriate customer account receivable.
• Follow up on unidentified payments and unapplied cash.
• Process AR adjustments and customer refunds as scheduled by the Limits of Authority (LOA).
• Manage Month End activities in line with checklist and record all Month End related journals.
• Prepare reports to check the health of the process, taking corrective actions to clear variances.
• Build process documents to stay updated with dynamic process changes.
• Timely submission of SOX and Audit reports/supporting documents.
• Immediately communicate significant issues impacting the application/adjustment process, unapplied cash, and payment files.
• Prepare reports for credit and financial functions, as required.
• Maintain a high degree of satisfaction with internal and external customers through innovative solutions to consistently improve key performance indicators.
• Maintain frequent communication with the accounting team, collections team, and other internal customers to foster collaboration.
• Promote a culture of continuous process improvement using lean tools and standard work.
• Ensure compliance with Corporate and Local credit policies, and other compliance requirements such as trade compliance, Sarbanes Oxley, etc.
• Post ACH, wire transfer, and check deposits to appropriate GL cash accounts and reconcile daily cash balance to general ledger.
• Respond to all the ad hoc queries within the TAT assigned.
• Participate and ensure thorough sign-off for all User Acceptance Testing (UAT) as part of organizational projects related to Cash Applications.
• Challenge the status quo, propose, and work on process strengthening projects/recommendations, support audit and metrics reporting, and recommend and implement controls through root cause analysis.
• Lead the Cash Application team, fostering a positive and collaborative work environment. Act as Trainer, Mentor, and Support to team members to ensure high performance and continuous improvement.

What you will bring: Strong communication skills with ability to work with cross-functional management (operations, sales, etc.).

• Good analytical and investigative skills.
• Ability to build positive rapport with personnel throughout the global organization.
• High sense of urgency and capability to identify creative solutions to advanced, time-sensitive problems by balancing achievement of process objectives with practical considerations.
• Strong customer service focus, with a drive to ensure we exceed the expectations of our customers.
• Strong ability to pursue best practices in back-office operations, commitment to quality results, and overcoming obstacles in a time-sensitive environment.
• Ability to juggle and prioritize multiple responsibilities while remaining calm and effective under pressure.
• Include and uplift others.

Career Break

We understand that life happens, and taking a career break is sometimes necessary. We welcome applicants who are looking to return to the workforce after a period away. We will work with you to ensure a seamless transition back to your career.

Equal Employment Opportunity

We offer competitive compensation and comprehensive benefits and programs. We are an equal opportunity employer; all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, pregnancy, age, marital status, disability, status as a protected veteran, or any legally protected status.