Cash Allocation Administrator

Job description

Job responsibilities

Do you have experience in an Accounts receivable role? If so, join Elysium Healthcare as the Cash Allocation Administrator.

As the Cash Allocation Administrator you will be responsible for accurately and efficiently allocating incoming receipts to customer accounts, ensuring the integrity of the customer ledgers and supporting the timely collection of outstanding receivables. This role plays a key part in the end-to-end Order-to-Cash process, contributing to strong cash flow and excellent customer service.

What you will be doing:

• Accurately allocate incoming payments (BACS, CHAPS, cheques, direct debits, etc.) to customer accounts in the finance system.
• Investigate and resolve unidentified or misallocated payments in a timely manner.
• Liaise with the Accounts Receivable specialists to resolve payment discrepancies.
• Reconcile customer accounts and maintain up-to-date records.
• Process refunds and adjustments as required.
• Support month-end and year-end closing activities related to cash allocation.
• Assist with audit queries and provide supporting documentation.
• Continuously identify and suggest process improvements to enhance accuracy and efficiency.

To be successful in this role, you will have:

• Previous experience in an Accounts receivable role.
• Strong attention to detail and high level of accuracy.
• Good understanding of cash allocation and reconciliation processes.
• Proficient in Microsoft Excel and finance systems (e.g., SAP, Oracle, Sage, or similar).
• Understanding of how payments are received, processed, and applied to customer accounts.
• Familiarity with reconciliation procedures and handling of unallocated cash.
• Experience with systems like Unit 4, SAP, Oracle, Sage, or similar.
• Knowledge of banking platforms and automated cash application tools (D)
• Awareness of general ledger, debits/credits, and financial reporting.

What you will get:

• Annual salary of £26,000
• The equivalent of 33 days annual leave Pro Rata (inc Bank Holidays) – plus your birthday off!
• Wellbeing support and activities to help you maintain a great work-life balance.
• 24 hour GP Service to ensure you are the best you can be
• Career development and training to help you achieve your career goals.
• Pension contribution to secure your future.
• Life Assurance for added peace of mind.
• Enhanced Maternity Package so you can truly enjoy this special time.

There is also a range of other benefits including retail discounts, special offers and much more.

About your next employer:

You will be working for an established, stable and agile company with over 8,000 employees and a unique approach to the delivery of care. With a network of over 90 services across England and Wales covering Mental Health, Neurological, Learning Disabilities & Autism, Children & Education, there is opportunity for you to grow and move. 

Elysium Healthcare is part of Ramsay Health Care with a global network that extends across 10 countries and employs over 86,000 people globally. 

Elysium Healthcare follows safer recruitment of staff for all appointments and is a Disability Confident employer, committed to inclusive and accessible recruitment. It is a requirement that all staff understand it is each person’s individual responsibility to promote and safeguard the welfare of service users. All candidates will be subject to a DBS disclosure.

Person Specification

Qualifications

Essential

• To be successful in this role, you will have previous experience in an Accounts receivable role, a strong attention to detail and high level of accuracy, a good understanding of cash allocation and reconciliation processes, and proficiency in Microsoft Excel and finance systems (e.g., SAP, Oracle, Sage, or similar). You should also have an understanding of how payments are received, processed, and applied to customer accounts, as well as familiarity with reconciliation procedures and handling of unallocated cash.

Disclosure and Barring Service Check

This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.

Employer details

Employer name

Elysium Healthcare

Address

Elysium Healthcare

Borehamwood

WD6 1JN

Employer's website

https://www.elysiumhealthcare.co.uk/ (Opens in a new tab)