Senior Cash Allocation & Application Specialist

At Olenex, we supply a broad portfolio of high-quality edible oils and fats to customers worldwide. With thirteen strategically located refineries across Europe, we produce a wide range of liquid and tropical oils. Our team of specialists works closely with both food and non-food producers to deliver tailor-made ingredients that meet specific needs.

Beyond production, we are active in trading and sourcing raw materials to strengthen our offering in the oil and fats industry. Sustainability and fair trade are at the heart of what we do. Through our #SharedResponsibility initiative, we build integral partnerships and work toward a 100% sustainable supply chain.

We also believe in investing in our people. At Olenex, you’ll find opportunities for career development, training, and contribution within a dynamic and challenging environment where your impact truly matters.

We are currently looking for a detail-oriented & experienced

Senior Cash Allocation & Application Specialist

to join our team at the Central Post office in the heart of Rotterdam.

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 main areas of focus 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 optimization:

· 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 a keen attention to detail

• Exceptional organizational skills and time management

• Customer-oriented approach with excellent communication skills (both verbal and written)

• High level of personal integrity

• Ability to work effectively in a team environment and independently

• Excellent command of spoken and written English

What we offer you:

• 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 from home

• Working from home allowance

• Discount on health insurance and fitness