Cash Application Analyst

DuraServ Corp • Coppell, TX

7d • Onsite

About The Position

The Accounts Receivable (AR) Cash Applications Analyst III is responsible for overseeing and executing the cash application process to ensure accurate and timely posting of customer payments. This role involves handling complex transactions, resolving discrepancies, and improving processes to optimize the efficiency and accuracy of cash applications. The Cash Applications Analyst II works closely with the AR team, customers, and other departments to ensure seamless financial operations.

Requirements

• Knowledge of receivable processes
• Skilled in using various payment methods such as wire transfers, ACH payments, credit card processing and lockbox services.
• Knowledge of Enterprise Resource Planning (ERP) systems (e.g., SAP, Oracle), payment processing platforms, and potentially CRM software.
• Understanding of best practices for workflow optimization and identifying areas for automation in the order-to-cash (O2C) cycle.
• Ability to identify and resolve problems.
• Advanced proficiency (knowledge) with Microsoft Office 365.
• High School diploma or equivalent is required.
• Combining experience in accounting, finance, and bookkeeping practices of 2 or more years with education is desirable.
• Previous experience with accounting, accounts receivable, and cash application preferred.

Nice To Haves

• Associate or bachelor’s degree, preferred.

Responsibilities

• Oversee and execute the daily cash application process, ensuring accurate and timely posting of payments to customer accounts.
• Handle complex transactions, including wire transfers, ACH payments, lockbox payments, and checks.
• Investigate and resolve discrepancies related to payment applications, such as unapplied payments, short payments, and overpayments.
• Ensure all cash receipts are accurately recorded and discrepancies are promptly addressed.
• Identify and implement improvements in the cash application process to enhance efficiency and accuracy.
• Prepare and present regular reports on cash application activities, including metrics on accuracy and timeliness.
• Work closely with the AR team, credit analysts, and other departments to ensure coordinated and efficient financial operations.
• This job description is not designed to cover or contain a comprehensive listing of the required activities, duties, or responsibilities of the team member. Duties, obligations, and activities may change, or new ones may be assigned at any time with or without notice.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 501-1,000 employees