Cash allocation Associate

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Be the difference | If making a difference matters to you, then you matter to us.

Join us, at Wolters Kluwer, and be part of a dynamic global technology company that makes a difference every day.
We're innovators with impact. We provide expert software and information solutions that the world's leading professionals rely on, in the moments that matter most. You'll make a real difference in the lives of millions of people. Together with our customers, we help to advance sustainability, health, justice, prosperity, and commerce around the world.
You can thrive at Wolters Kluwer, where diversity is core to our collective strength and high performance. Be your unique self, share your creative ideas, do your best work, and take time to grow in our caring and inclusive culture where you can belong.
Read more about our work here.

About the role
The Cash Allocation Associate is responsible for the accurate and timely allocation of cash and bank movements across Accounts Receivable (AR), Accounts Payable (AP), and other balance sheet and operational accounts. This role ensures that all incoming and outgoing cash transactions are properly applied, reconciled, and reflected in the financial systems. The associate plays a key role in safeguarding data integrity, supporting cash flow visibility, and enabling accurate financial reporting by collaborating closely with AR, AP, Treasury, and General Ledger teams.

Key Responsibilities
* Allocate and apply all types of cash movements, including:
* Customer payments to Accounts Receivable (invoices, credit notes, on-account items)
* Vendor-related payments and refunds impacting Accounts Payable balances
* Intercompany transactions, advances, prepayments, clearing and suspense accounts
* Other bank-related or manual cash movements requiring allocation or reclassification
* Process and reconcile cash receipts and disbursements from multiple sources (ACH, wire transfers, checks, lockbox, and bank files)
* Analyze remittance information and bank statements to ensure accurate and complete allocation
* Monitor and resolve unapplied, partially applied, or incorrectly applied cash items in a timely manner
* Investigate allocation discrepancies, differences, and aging items, partnering with AR, AP, Treasury, GL, and business stakeholders as needed
* Perform daily and periodic cash and clearing account reconciliations
* Support month-end, quarter-end, and year-end close activities, including reconciliations and reporting
* Ensure compliance with internal controls, accounting policies, and audit requirements (e.g., SOX)
* Maintain clear documentation and audit trails for all allocation activities
* Identify recurring issues and contribute to continuous process improvements, standardization, and automation initiatives
* Assist with ad hoc analyses, reporting, and special finance projects as required

Requirements:
* Bachelor's degree;
* A minimum of 1 year experience working in a multinational environment;
* Fluency in English;
* Working knowledge of MS Office Suite (Word, Excel, PowerPoint, Access)
* Experience in accounts payable or other finance field is a plus;
* Organizational skills;
* Attention to detail.
Our Offer:
* Room for personal development through external, internal training tools and learning and development program #GROW. Be your unique self, share your creative ideas, do your best work, and take time to grow in our caring and inclusive culture where you can belong
* Yearly performance bonus based on your seniority
* Referral bonus, meal vouchers, monthly allowance, gift vouchers twice a year
* Corporate Health Insurance
* Mindfulness and Wellbeing programs (Wellbeats, MyQuillibrium, Compsych, Mind & Body webinars)
* Up to 28 days of annual leave based on seniority
* We have a strong Work from Home culture and take into consideration punctual needs and more
* Flexible working schedule. You'll find the flexibility for balance in your life
* Being part of Wolters Kluwer you will contribute to the development of our own products and software solutions. Together with our customers, we help to advance sustainability, health, justice, prosperity, and commerce around the world

Our Interview Practices

To maintain a fair and genuine hiring process, we kindly ask that all candidates participate in interviews without the assistance of AI tools or external prompts. Our interview process is designed to assess your individual skills, experiences, and communication style. We value authenticity and want to ensure we're getting to know you-not a digital assistant. To help maintain this integrity, we ask to remove virtual backgrounds and include in-person interviews in our hiring process. Please note that use of AI-generated responses or third-party support during interviews will be grounds for disqualification from the recruitment process.

Applicants may be required to appear onsite at a Wolters Kluwer office as part of the recruitment process