100% remote /CST Time
Job Description –
Highly transactional role which consists in applying customers’ payments to their accounts.
Performing account maintenance is also an important piece of their work.
The Cash Application Analyst will be responsible for recording payments from the lockbox, ACH, and wire transfer to customer accounts. The position requires the ability to work with multiple lockboxes that are tied to specific customer portfolios.
Daily work volume is directly related to daily deposit volume that can fluctuate from day to day.
This position is part of the Order to Cash organization.
Individual will be expected to be a change agent, a self-starter, driven for results and able to work effectively with Customer Account Analysts and business unit leadership.
This position will report directly to the Cash Application Supervisor.
Skills and Competencies:
Ability to work independently and manage one’s time in a remote environment Ability to apply accounting and mathematical principles to work as needed preferred.
Major Job Duties and Responsibilities:
Identify and apply all cash, check, EFT/Wires and credit card payments from various sources, including foreign transactions.
Communicate with internal & external Customers, Credit & Collections and Sales Offices with questions relevant to cash application.
Identify and tag all customer remit discrepancies and short payments.
Process customer account maintenance requests, including customer refunds Research all questionable and non-posted items.
Process and audit daily cash receipts to ensure accurate customer ledgers Perform Daily and Monthly balancing of assigned operating units including assisting with closing the AR sub-ledger.
Identify AR sub-ledger variances to source systems and log appropriate tickets.
Maintain, prepare and distribute daily and monthly reporting to Supervisor, and other stakeholders.
Be effective problem solver when presented with variables in standardized situations.
Undertake tasks as requested by the team Supervisor that may involve testing and process improvement.
Recommend process improvements and communicate these to the team Supervisor.
Job Requirements:
MUST HAVE
High School Diploma or GED required 2 to 4 years of financial and/or accounting experience required