Cash Application and Allocation Associate

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Date: May 6, 2026

Location: Muntinlupa City, National Capital Region (NCR), PH, 1781

Company: W. R. Grace & Co.

About Grace 

Grace, established in 1854, is a Standard Industries company and a leading global supplier of specialty chemicals and solutions that enable industries to enhance modern life. Our customers use our catalysts, engineered materials, process technologies and fine chemicals to manufacture everyday products – like renewable fuels, pharmaceuticals and food packaging – better, faster and smarter. Our thousands of employees work to harness the power of science for a better world at our global headquarters in Columbia, Maryland and locations worldwide. 


Grace Global Business Services (GBS)

At Grace Global Business Services (GBS) in Manila, Philippines, our teams play a critical role in supporting the organization’s worldwide operations. For more than a decade, GBS has been a trusted partner, delivering expertise in shared services, process excellence, and digital enablement. Our team members support business lines and functions across Grace, including Finance, Human Resources, Information Technology, Procurement, Supply Chain and more.

At GBS, you’ll have the opportunity to make an impact—working alongside global colleagues to help shape the chemical manufacturing industry. You’ll be part of a collaborative, team-oriented culture where safety comes first. We prioritize your well-being by offering competitive benefits and flexible working options that help you thrive. Here, you’ll find meaningful ways to grow your career, whether deepening your expertise in your field or exploring new roles.

Job Description

The Cash Application and Allocation Associate is responsible for managing the end-to-end cash application and allocation process. This role requires hands-on experience in cash application, account reconciliation, and customer service. The analyst will support the Cash Application and Allocation Supervisor in achieving operational targets and ensuring accuracy and timeliness in financial transactions.

Responsibilities

  • Ensure accurate and timely cash application and allocation.
  • Reconcile payment discrepancies daily and coordinate with the Credit and Collection team for resolution.
  • Investigate unidentified receipts and collaborate with Treasury, Business Units, and other stakeholders for resolution.
  • Review and verify credit/debit memos, unauthorized deductions, and adjustments on customer accounts.
  • Perform clearing and posting of transactions as needed.
  • Prepare and post manual journal entries.
  • Conduct monthly Cash GL account reconciliations.
  • Participate in monthly, quarterly, and year-end closing activities.
  • Monitor and manage prepayments on customer accounts.
  • Drive continuous process improvements within the cash application function.
  • Maintain confidential records for audit compliance.
  • Respond to inquiries related to account reconciliations and payment applications.
  • Support internal and external audits.
  • Engage with multiple stakeholders across regions.
  • Prepare and distribute the Daily Cash Summary report.

Required Qualifications

  • Minimum of 6 months of experience in Cash Application and Allocation/ Revenue Chain. Fresh graduates are welcome to apply.  
  • Bachelor’s degree in Finance, Accounting, Business Administration, or a related field preferred.
  • Strong customer service orientation with excellent interpersonal, negotiation, and analytical skills.
  • Strong attention to detail and accuracy in handling financial data.
  • Ability to work effectively in a fast-paced, diverse, and collaborative environment.

Preferred Qualifications

  • Experience in the Shared Services or Business Process Outsourcing (BPO) industry is a plus.
  • Proficient in Microsoft Excel and PowerPoint to assist with reporting and presentations.

Benefits

  • Guaranteed 14th Month Pay
  • Above-market Retirement Plan Design
  • LinkedIn Learning Access
  • Established Performance Incentive Program
  • HMO coverage for employees on day 1 (with pandemic coverage)
  • Free HMO coverage for up to 3 qualified dependents
  • Educational Assistance

Grace is not accepting unsolicited assistance from search firms for this employment opportunity. Please, no phone calls or emails. All resumes submitted by search firms to any employee at Grace via email, the Internet or in any form and/or method without a valid written search agreement in place for this position will be deemed the sole property of Grace. No fee will be paid in the event the candidate is hired by Grace as a result of the referral or through other means.