Cash Application Specialist

Job Description

Job Description

We are looking for an experienced Cash Application Specialist to join our team on a long-term contract basis in Grand Rapids, Michigan. In this role, you will play a vital part in ensuring the accurate and efficient processing of cash receipts while maintaining excellent accounts receivable management. This is an exciting opportunity for a meticulous individual to thrive in a fast-paced automotive industry setting.

Responsibilities :

• Accurately process and record daily cash receipts, including checks, ACH transactions, wire transfers, and credit card payments.
• Investigate and resolve discrepancies in payment allocations while ensuring proper coding and documentation.
• Reconcile cash receipts with accounts receivable records and address outstanding issues with relevant stakeholders.
• Identify and correct unapplied or misapplied payments, maintaining organized and accurate records.
• Collaborate with internal teams, such as accounting and customer service, to address inquiries and resolve account issues.
• Support month-end close processes related to accounts receivable and cash application.
• Ensure compliance with audit requirements by maintaining well-documented records for reporting purposes.
• Contribute to improving cash application workflows and processes.
• Monitor accounts to ensure timely collection and allocation of payments.
• Minimum of 2 years of experience in accounts receivable or cash application roles.
• Proficiency in processing ACH transactions, wire transfers, and credit card payments.
• Strong knowledge of accounts receivable processes and cash reconciliation methods.
• Excellent attention to detail and accuracy in financial data management.
• Advanced skills in Microsoft Excel and familiarity with accounting software.
• Ability to thrive in a fast-paced environment and meet deadlines.
• Strong problem-solving skills to address payment discrepancies and account issues.
• Effective communication and collaboration skills for working with internal teams and external stakeholders.