Cash Application Specialist

Job Description

Job Description

We are looking for a detail-oriented Cash Application Specialist to join our team in Austin, Texas. This Contract-to-permanent position offers an excellent opportunity to contribute to the accuracy and efficiency of financial processes in a dynamic environment. The ideal candidate will play a vital role in reconciling bank statements, applying payments, and ensuring the correct allocation of funds across multiple business units.

Responsibilities :

• Reconcile cash transactions from bank statements to the ERP system with precision and attention to detail.
• Accurately apply payments from bank deposits to customer accounts within the system.
• Manage cash applications for assigned business units across a group of 16 companies, ensuring timely and accurate processing.
• Adhere to jurisdiction-specific reporting regulations and meet required deadlines.
• Handle high transaction volumes while maintaining accuracy and efficiency.
• Investigate discrepancies in reconciliation by utilizing resources and conducting thorough research.
• Navigate various portals to retrieve remittance advice and ensure proper payment application.
• Collaborate with teams through open communication channels to streamline workflows.
• Utilize EDI files and automated processes to enhance efficiency in cash application tasks.
• Apply strong knowledge of general ledger coding to distinguish and reconcile cash and accounts receivable activities.
• Previous experience in cash applications, accounts receivable, or similar roles is required.
• Proficiency in posting payments and reconciling bank transactions.
• Familiarity with EDI files and automated financial systems.
• Ability to handle high volumes of transactions with accuracy and efficiency.
• Strong analytical skills to identify and resolve discrepancies during reconciliation.
• Competence in navigating multiple portals and retrieving necessary payment details.
• Independent problem-solving abilities and resourcefulness.
• Excellent communication skills for effective collaboration across teams.