Cash Application Coordinator

Duration : 06 Months (Possibility of extension / conversion based on performance and budget)

Client : One of the largest Industrial Gases manufacturers in the US

Overview :

The Administrator, Cash Applications functions on a daily basis to ensure timely and accurate posting of incoming cash. The daily cash application functions include Lockbox, ACH, Wires, and other Electronic Data Interface (EDI) payments. The position researches and follow ups on any insufficient remittance detail, updates customers notes relevant to payment transactions. The Administrator also assists the Accounts Receivable (AR) Collectors to resolve un-posted or misapplied cash issues. A fair amount of research and analysis is required on some complex accounts.

Duties :

• Run daily lockbox program, ensuring all cash is posted to correct account / companies. Review, analyze, and post-process the lockbox data.
• Daily communications with bank to resolve differences. Maintain proper records of unresolved posting issues.
• Research incoming cash download from accounting and process wires including international. Write-off clearing, cash / lockbox reconciliation, support audit activities and special projects.
• Handle lockbox correspondence, shared mailbox and other duties as they come. Work with deductions Analyst to correctly identify deductions taken by customers.
• Build Quality into all aspects of work; strong attention to detail and accuracy. Able to promptly report any non-compliance issues to appropriate administrator.

Qualifications :