Cash Application Specialist

ChemTreat•Glen Allen, VA

19d•$25 - $26•Onsite

About The Position

The AR Cash Applications Specialist is responsible for preparing, posting and reconciling payments made to ChemTreat. Accurately post payments against company receivables using available electronic & paper remit advice via Cash Pro Online, Pay Remits mail box, Blackline, customer contact, and collector interaction. Manually post Canadian, International, and Puerto credit card payments, wires, and lockboxes.

Requirements

Knowledge of basic accounting concepts
Strong computer skills including Excel & Word
Technical, Analytical skills and business knowledge
Communication and Interpersonal skills; Teamwork and leadership
Organizational skills; Self-management
High school diploma required
Minimum 3 years’ experience in accounting or related field required

Nice To Haves

Bachelor’s degree preferred

Responsibilities

Retrieve & download lockbox, ACH & wire data for Domestic, and Puerto Rico from Cash Pro Online, Bank of America Global Advice, and Scotia Connect.
Research & resolve bank discrepancies.
Retrieve and print lockbox, ACH & wire data from banking sites.
Research & resolve bank discrepancies.
Reconcile deposit against daily tape; scan check using remote scanner; reconcile balance discrepancies; retrieve & print deposit data from banking site and distribute miscellaneous income deposits to the Accounting Department.
Accurately post AR payments and resolve exceptions.
Mail Canadian checks to Scotia Bank.
Monitor when the Canadian checks are deposited to Scotia Bank and contact the Accounting Department of the miscellaneous income in the lockbox deposit.
Review & prepare invoice adjustments; obtain appropriate authorization.
Accurately post adjustments and manual applies against company invoices.
Review & prepare cash applications; Accurately post applications against company invoices via Blackline Automation
Retrieve, review, and upload credit card payments via excel spreadsheet.
Resolve exceptions.
Submit EFT requests to vendors, review and process chargebacks, post and last day cash on Saturday, and assist collections with root cause analysis on invoices/payments
Send out W9 information
Review Pay Remits box and incoming emails to move to the ACH reviewed mail box to assist in posting payments.
Contact customers using incorrect mailing addresses for checks and remits to provide them with the correct information.
Coordinate with accounting to review discrepancies and variances for cash applications, bank chargebacks and reversals.
Work with the Compliance director to provide AR Cash information requested by Auditors.
Update cash totals with cash receipts daily for US, International, Puerto, CAD, Credit Cards, and Remote Deposits, and weekly for Mexico.
Provide a report weekly to Controller and Credit and Collections Manager.
Other duties as assigned.