Senior Cash Allocation and Application Specialist

Olenex – Specialists in edible oils

Olenex supplies an extensive portfolio of high-quality edible oils and fats to customers across the globe. Thirteen refineries, located in strategic locations in Europe, produce a range of liquid as well as tropical oils. Producers, food and non-food, can rely on a team of specialists to find a tailor-made ingredient that exactly meets their requirements. In addition to its production, trading and sourcing crude materials maximise the portfolio within the land of edible oils and fats. Being committed to sustainability and honest trade, Olenex supports #SharedResponsibility, finding integral partnerships and building towards a 100% sustainable supply chain.

For our Central Post office in the center of Rotterdam, we are looking for a highly accurate and experienced Cash Allocation and Application Specialist!
Location: Central Post Rotterdam, The Netherlands

We are looking for a highly experienced and detail-oriented Senior Cash Application Specialist to join our finance team in Rotterdam. In this crucial role, you'll be responsible for the accurate and timely processing of cash receipts and payments across multiple currencies, ensuring the smooth flow of financial transactions and maintaining strong relationships with our customers and internal stakeholders.This role offers you a unique opportunity to set up best in class cash allocation and application processes.

Your responsibilities are:

Cash Allocation and Application:

· Process and apply all cash receipts and payments (in 6 currencies) to the respective customer and vendor invoices within our ERP system;

· Administer and reconcile loan and bank accounts thoroughly;

· Manage direct debit processing efficiently;

· Maintain clean customer and vendor accounts by settling matching debit and credit invoices;

· Communicate proactively with customers to resolve allocation issues and request remittances daily.

Financial Accounting & Reconciliation:

· Perform monthly reconciliation of balance sheet accounts, promptly resolving any outstanding discrepancies;

· Book intercompany invoices related to recharges, loan interest, and recharges from related parties;

· Investigate and resolve incorrect currency payments;

· Contribute to the financial month-end close process, focusing on intercompany, banking, and accounts receivable reconciliations;

· Collaborate closely with the finance controlling team to address and resolve outstanding financial issues.

Process improvement and other:

·       Administer a single self-bill account;

·       Contribute to and support implementation and embedding of further process improvements.

Who are you?

• A minimum 5 years of relevant financial accounting experience, with a strong focus on cash allocation and reconciliation;

• Proficiency in Microsoft Office, especially MS Excel, and extensive experience with ERP systems;

• Strong analytical mindset with exceptional organizational skills and a keen attention to detail and accuracy;

• Customer-oriented approach with excellent communication skills (both verbal and written) and the ability to build strong relationships;

• High level of personal integrity and commitment to your work;

• Ability to work effectively in a team environment and independently manage time-sensitive tasks;

• Excellent command of spoken and written English.

We offer you:
A dynamic and a Rotterdam-based job within an inspiring and dynamic team, having the opportunity to bring your ideas in an open communication environment. We embrace your sense for accountability and stimulate personal development. Besides this we also offer:

• Enthusiastic colleagues from all over the world

• A competitive salary and multiple development options

• 13th month salary

• 30 days of leave per year

• Pension scheme fully paid by Olenex

• The possibility to work 1 day from home

• Working from home allowance

• We offer discount on health insurance and fitness