Cash Application Specialist

Cash Application Specialist

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.

Requirements :

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.