Advisor, Finance Operations (Cash Application)

Finance Operations Advisor

Finance oversees the accounting, tax, financial plans and policies of the organization, establishes and maintains fiscal controls, prepares and interprets financial reports, oversees financial systems and safeguards the organization's assets. Finance Operations is responsible for the oversight and overall performance of the following core financial processes. This includes pricing administration, rebates, cash application, chargebacks, billing, accounts payable and employee travel & expense.

Job Summary

Cardinal Health is seeking a highly analytical and detail-oriented Advisor to join our Enterprise Cash Application team. This newly created, strategic role represents a pivotal shift, transforming cash application from a transactional process into an analytical, data-driven operation. The Advisor will be instrumental in ensuring financial accuracy at the customer level, optimizing cash flow, and mitigating compliance risks through in-depth research across all Cardinal Health business units and disparate systems.

Responsibilities

• Proactively manage aged items to prevent escheatment, facilitate write-off recovery, and ensure complete customer account integrity.
• Conduct in-depth, cross-functional research to resolve complex cash application discrepancies across all Cardinal Health business units and disparate systems.
• Identify and pursue recovery opportunities, including previously written-off receivables and unapplied cash.
• Ensure financial accuracy at the customer level and maintain complete customer account integrity.
• Proactively manage aged unapplied cash, credit balances, and dormant accounts to prevent escheatment.
• Prepare and recommend escheatment for confirmed transactions over 365 days, ensuring compliance with state regulations.
• Prepare detailed documentation and recommendations for review and decisioning by Collections and Credit teams regarding account adjustments, write-off recoveries, and escheatment.
• Reconcile unidentified customer accounts and systematically address unidentified customer payments.
• Optimize cash flow through effective research, resolution, and timely application of payments.
• Mitigate compliance risks related to cash application, unclaimed property, and internal control policies.
• Collaborate seamlessly with Collections, Credit, and Tax teams to ensure research findings translate into actionable recovery efforts and precise account adjustments.
• Ensure Cash Application General Ledger Accounts are in balance and resolve any out-of-balance items.
• Contribute to the development of detailed workflows, procedures, and a centralized knowledge base for research scenarios and resolution steps.

Qualifications

What is expected of you and others at this level

Applies comprehensive knowledge and a thorough understanding of concepts, principles, and technical capabilities to perform varied tasks and projects. May contribute to the development of policies and procedures. Works on complex projects of large scope. Develops technical solutions to a wide range of difficult problems. Solutions are innovative and consistent with organization objectives. Completes work; independently receives general guidance on new projects. Work reviewed for purpose of meeting objectives. May act as a mentor to less experienced colleagues.

Benefits

Cardinal Health offers a wide variety of benefits and programs to support health and well-being.

Application window anticipated to close : 12 / 20 / 2025

#LI-Remote #SP-1 Candidates who are back-to-work, people with disabilities, without a college degree, and Veterans are encouraged to apply. Cardinal Health supports an inclusive workplace that values diversity of thought, experience and background. We celebrate the power of our differences to create better solutions for our customers by ensuring employees can be their authentic selves each day. Cardinal Health is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, ancestry, age, physical or mental disability, sex, sexual orientation, gender identity / expression, pregnancy, veteran status, marital status, creed, status with regard to public assistance, genetic status or any other status protected by federal, state or local law.