Cash Application Specialist

GATX•Chicago, IL

1d•$61,200 - $69,000•Onsite

About The Position

The Cash Application Specialist will accurately apply payments received (via check, ACH, wire) from customers to accounts and invoices in SAP daily. Investigate and apply non-customer payments received to the appropriate general ledger account.

Requirements

Proficiency and/or work experience in cash applications.
SAP experience is extremely helpful.
Proficiency in Microsoft Excel is essential for managing data and creating reports.
Strong attention to detail and accuracy in handling cash applications and collections.
Excellent communication skills, both written and verbal, to effectively resolve any issues related to cash applications.
Ability to work independently and manage multiple tasks efficiently.
Strong problem-solving skills to effectively address any discrepancies or issues.
Typical knowledge of other Microsoft applications such as Outlook, Word, Teams and other Microsoft Office products.
Establish and maintain rapport with internal and external customers to enhance business relationships.

Responsibilities

Be self-reliant with the entire cash posting process for incoming ACH’s, wires and checks.
Post cash receipts daily, which includes obtaining customer remittance information from the AR mailbox and applying payments received to invoices on the customer’s account.
Research and resolve any unapplied customer payments timely manner.
Research and resolve any unapplied non-customer payments in a timely manner.
Maintain cash receipt documentation (customer remittance, bank reports/statements, etc.) in organized manner.
Monitor/Maintain department inboxes (3 inboxes: including AR mailbox, Canadian AR mailbox and AR statement inboxes).
Respond to all internal and external AR/Cash application requests and inquiries (account statements, payment reconciliations, etc.).
Communicate account status to appropriate individuals in GATX management with timely and accurate information.