Cash Application Analyst, Research, Finance & Property Management

Boston University•Boston, MA

4d•Onsite

About The Position

The Cash Application Analyst is a key member of the Research Financial Operations team at Boston University. Reporting to the Assistant Director, Accounts Receivable and Cash Operations, the Cash Application Analyst is responsible for the accurate and timely application of payments related to our sponsored programs portfolio. This role ensures that sponsor payments are properly recorded, reconciled, and aligned with award terms and institutional policies. The analyst collaborates closely with the Office of Sponsored Programs, and the Research Financial Operations team to resolve payment discrepancies and support financial compliance.

Requirements

Bachelor's degree in a related field
2 -3 years of work experience, preferably in a university or cash management environment.
Strong organizational, time management, written and verbal communication skills.
Must be highly detail oriented with the ability to multi-task and prioritize routine tasks and ad-hoc requests.
Intermediate skills: Utilizing Excel, including complex formulas to acquire, organize, and analyze data.
Ability to work (both independently and in conjunction with others) effectively and cooperatively in a small, collegial team environment.

Nice To Haves

Experience with analyzing detailed records, legacy accounting systems, and SAP.

Responsibilities

Upload daily bank files into the financial system.
Investigate and resolve unmatched payments using remittance advice, sponsor communication or internal records.
Escalate unresolved items timely and appropriately.
Apply incoming payments (ACH, wire, checks) to sponsored research accounts in accordance with award terms and University policies.
Reconcile sponsor payments against invoices and award records, ensuring accuracy and compliance with federal, state, and sponsor-specific guidelines.
Investigate and resolve payment discrepancies, overpayments, and unapplied funds in collaboration with internal departments and external sponsors.
Maintain detailed documentation of payment activity and support audit readiness for sponsored research accounts.
Contribute to the development and refinement of policies, procedures, and internal controls related to incoming payments.
Support system upgrades and automation initiatives to improve efficiency and data integrity.
Assist management with ad hoc projects, property data analysis, and other related assignments as required.