Account Receivable (Cash Application Specialist)

OVERVIEW:

The Cash Application Specialist will be responsible for timely and accurate posting of payments against open receivables. They will also communicate short-paid invoices or posting discrepancies and escalate to the appropriate party for resolution at the time of posting.

PRIMARY JOB RESPONSIBILITIES:

• Daily preparation and application of all incoming payments, including checks, ACH, and credit card payments; post short payments, overpayments, and prepayments with appropriate coding as per client remittances.

• Gather payment and deduction details through various customer portals.

• Scan and save all backup from cash application batches.

• Process chargeback write-offs and other AR adjustments.

• Complete all offsets and write-offs submitted in a timely manner.

• Review and communicate any issues with cash posting that arise.

• Assist Finance Department with special projects and perform miscellaneous duties as assigned by the Credit Department Manager.

QUALIFICATIONS/SKILLS:

• Previous work experience applying cash in SAP/S4Hana.

• A minimum of 3-5 years’ experience with cash application required.

• Experience in credit and collections preferred.

• Strong financial background required: familiarity with basic accounting, debits and credits, account reconciliation, payments and credits to invoices.

• Excellent attention to detail to ensure accuracy with a passion for investigation and resolution.

• Highly proficient in MS Excel required.

• Proficient verbal and written communication skills.

• Strong analytical competency.

• Self-starter who is action-oriented with a sense of urgency.

• Ability to prioritize, multi-task, and deliver results under tight deadlines.