Cash Management Specialist - Central Accounting Support

When our values align, there's no limit to what we can achieve.
 
At Parexel, we all share the same goal - to improve the world's health. From clinical trials to regulatory, consulting, and market access, every clinical development solution we provide is underpinned by something special - a deep conviction in what we do.

Each of us, no matter what we do at Parexel, contributes to the development of a therapy that ultimately will benefit a patient. We take our work personally, we do it with empathy and we're committed to making a difference.

Specialist, Central Accounting Support

About Parexel

Parexel is a leading global clinical development partner delivering insights-driven clinical and consulting solutions to the life sciences industry. With 22,000+ employees worldwide, we partner with biopharmaceutical companies and research sites to design and deliver patient-focused clinical trials that broaden access and make research a care option for anyone, anywhere.

We work with focus, agility, and shared purpose, moving with urgency to address patient needs and accelerate the delivery of new therapies. We embrace bold thinking, adapt quickly to change, and continually raise the bar for the speed and quality of clinical research. We are expanding our team and seeking talented individuals to help drive industry leading innovation, With Heart®.

About the Role

We are seeking a Specialist, Central Accounting Support to join our Finance team in Hyderabad in a hybrid capacity. As a Cash Management Specialist, you will support the accuracy and timeliness of Parexel's financial operations by managing day-to-day cash management and reconciliation activities for assigned entities and bank accounts. This position plays a key role in bank and cash reconciliations, open item management, controls and audit readiness, and month-end close. You'll collaborate with AP, AR, General Ledger (GL), Treasury, and other Finance teams, follow industry-standard processes, and contribute to reliable financial results that help keep our clinical development business strong.

Responsibilities include ensuring accurate reconciliations, timely resolution of outstanding items, and completion of activities within month-end close deadlines, with opportunities to deepen your expertise and influence process improvements.

You'll join a fast-paced, growth-oriented environment focused on making a meaningful impact through accurate reconciliations, timely clearance of open items, and strong controls. With diverse teams and continuous learning opportunities, the Specialist, Central Accounting Support can explore career paths and expand skills across finance operations.

Key Responsibilities

• Perform monthly reconciliation of assigned bank accounts, Cash in Transit (CIT), Cash, and Petty Cash accounts, investigating and following up on reconciling items for timely clearance

• Maintain assigned activities within Oracle Cash Management and support accurate recording and reconciliation of cash transactions

• Complete assigned cash accounting and reconciliation activities within month-end close deadlines, including payment transfers to the GL and follow-up of outstanding items

• Review aged items and coordinate with AP, AR, GL, Treasury, and other teams to drive resolution

• Maintain reconciliation support and documentation, and provide schedules and support for internal and external audit requirements

• Work effectively with Finance and Treasury stakeholders and provide backup coverage during month-end and quarter-end close

• Support process improvement and automation by identifying repetitive activities and opportunities for standardization and efficiency

Candidate Profile

You'll thrive in this role if you bring:

• Strengths in bank reconciliation, basic accounting, and cash management

• Experience in accounting, bank reconciliation, cash management, or finance operations

• The ability to investigate and resolve reconciliation differences and drive reconciling items to timely clearance

• The ability to work effectively with Finance and Treasury stakeholders and communicate clearly

• A detail-oriented mindset and the ability to meet close deadlines

• Comfort working with Excel, accounting systems, and Oracle Cash Management

Required Qualifications

• Graduate in Commerce

• 2 to 4 years of relevant experience in accounting, bank reconciliation, cash management, or finance operations

• Strong bank reconciliation and basic accounting knowledge

• Good analytical skills with the ability to investigate and resolve reconciliation differences

• Good working knowledge of Excel and accounting systems

• Oracle Financials or Oracle Cash Management experience

• Good communication skills, attention to detail, and the ability to meet close deadlines

Preferred Qualifications

• MBA, M.Com, B.Com, CA, or CMA/ICWA Intermediate

• Experience handling multiple bank accounts and/or currencies

• Exposure to AP/AR interfaces, GL activities, or cash accounting

We believe in flexibility, growth, and creating space for people to do their best work. Join us and be part of a team where your contributions help shape the future of clinical research.

If this job doesn't sound like the next step in your career, but perhaps you know of someone who'd be a perfect fit, send them the link to apply!