Cash Application Specialist

State Industrial•Cleveland, OH

20h

About The Position

The Cash Application Specialist is responsible for the accurate and timely application of customer payments while supporting key accounting activities related to cash, accounts receivable, and the monthly close process. This position focuses on cash application, account reconciliations, payment research, and process improvement. The role does not include customer collections or invoice generation.

Requirements

Associate or bachelor’s degree in accounting, finance, or related field, or equivalent experience
Three or more years of cash application, accounts receivable, or general accounting experience
Experience researching payment discrepancies and reconciling accounts
Ability to communicate effectively both internally and with customers
High level of accuracy and attention to detail
Experience with SAP ECC or SAP S/4HANA
Experience with bank reconciliations and journal entries

Responsibilities

Apply customer payments received through lockbox, ACH, wire transfers, checks, and credit cards
Research and resolve unapplied cash, unidentified payments, short pays, overpayments, and customer deductions
Match customer remittances to open invoices and investigate payment exceptions
Prepare daily cash application and reconciliation reports
Reconcile customer accounts and investigate outstanding payment issues
Reconcile cash receipts to bank activity and the general ledger
Prepare journal entries related to cash receipts, accounts receivable, and other assigned accounting transactions
Assist with month-end and year-end closing activities
Identify opportunities to improve cash application accuracy, efficiency, and internal controls
Assist with special accounting projects and other accounting responsibilities as assigned