Cash App Specialist

Satellite Shelters • Minneapolis, MN

9d

About The Position

The cash application specialist is responsible for the accounts receivable (AR) process, focusing on accurately and efficiently applying and reconciling incoming customer payments to the correct invoices and accounts

Requirements

• Associate or bachelor’s degree in accounting, finance, or a related field often preferred.
• Prior experience in accounts receivable and high-volume cash application functions is typically required.
• Proficiency in Microsoft Excel (including VLOOKUPs and pivot tables) and experience with accounting or ERP software (e.g., Microsoft Business Central, Navision) is necessary.
• Strong attention to detail, excellent organizational and problem-solving abilities, and superb communication skills are essential for success in this role.

Responsibilities

• Payment Processing : Accurately process and post daily cash receipts, including checks, ACH, wire transfers, and credit card payments, to the appropriate customer accounts.
• Reconciliation and Discrepancy Resolution : Reconcile daily cash reports and bank statements to ensure all payments are accounted for and investigate any discrepancies, overpayments, or short payments.
• Documentation and Reporting : Maintain precise records of all transactions and customer communications for auditing purposes, and prepare regular reports on cash application status, unapplied cash, and payment trends for management.
• Communication and Collaboration : Contact customers and collaborate with internal teams, such as accounts receivable and collections departments, to obtain missing remittance information or resolve payment-related issues.
• Month-End Activities : Assist with month-end and year-end closing activities, including general ledger audits and account balancing.
• Perform other duties as assigned

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree
• Number of Employees: 101-250 employees