Why is This a Great Opportunity?

This Cash Applications role provides an excellent opportunity to be an integral part of the financial operations team. You will play a critical role in ensuring the accurate and timely application of payments, which supports the company’s cash flow and financial health. The position offers room for professional development in a collaborative environment while enhancing your analytical and problem-solving skills. With a focus on precision and efficiency, this role is ideal for individuals who thrive in a detail-oriented and dynamic setting.

Job Description:

The Cash Applications Specialist is responsible for applying and reconciling customer payments to open invoices in an accurate and timely manner. This role involves working closely with the accounts receivable, customer service, and sales teams to ensure discrepancies are identified and resolved. The position requires a high level of attention to detail and an ability to manage multiple priorities effectively.

Key Responsibilities:

• Accurately apply payments received via checks, ACH, wire transfers, and credit card transactions to customer accounts.

• Research and resolve payment discrepancies, including short payments, overpayments, and unapplied payments.

• Collaborate with internal teams to address and resolve customer payment issues.

• Reconcile accounts receivable balances and perform monthly cash application reconciliations.

• Maintain and update payment logs and records to ensure accuracy and completeness.

• Respond promptly to inquiries related to payment applications and account balances.

• Support the preparation of reports related to cash application activities for management review.

• Ensure compliance with company policies and procedures, as well as regulatory requirements.

Qualifications:

Education and Experience:

• High school diploma or equivalent (required); Associate’s or Bachelor’s degree in Accounting, Finance, or related field (preferred).

• 2+ years of experience in cash applications, accounts receivable, or a related field.

Skills and Abilities:

• Proficiency in accounting software and Microsoft Office Suite, particularly Excel.

• Strong analytical skills with attention to detail and accuracy.

• Ability to reconcile accounts and identify discrepancies effectively.

• Excellent organizational skills and the ability to manage multiple tasks simultaneously.

• Strong communication skills for interacting with internal and external stakeholders.

• Knowledge of general accounting principles and best practices.

This role is well-suited for candidates who enjoy a combination of analytical work and collaboration, providing an impactful contribution to the company’s financial operations.

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