Cash Application Specialist

Aston Carter•Fort Collins, CO

1d•Hybrid

About The Position

We are seeking a skilled Application Specialist with experience in high-volume cash handling. This role involves managing substantial amounts of cash, with responsibilities varying daily. Candidates must be comfortable in a fast-paced environment.

Requirements

1+ year of cash application experience
Experience with different portal entries
High school diploma
Proficiency in accounts receivable, collections, and cash application
Experience with large ERP systems, accounting, reconciliation, and SAP S4 Hana

Nice To Haves

Proficiency in SAP is a plus
Consistency and high attention to detail
Comfortable handling substantial amounts of cash and high volume entries

Responsibilities

Download bank batches for Wells Fargo and JP Morgan across three SAP plants and Fluid Mechanics in both EUR and USD.
Post all incoming ACH, WIRE, and CHECK payments for the aforementioned SAP plants and Fluid Mechanics, averaging $60M+ per month.
Document and attach backup in SAP and/or SharePoint.
Notify CSRs and collectors of any payments not fully posted due to various reasons such as Need Remit, Debit taken, Short Payment, or Over Payment.
Resolve payment issues in collaboration with CSRs and collectors.
Correspond with customers via email to request remits and resolve payment issues.
Work with team members from different departments like Accounting to resolve payment questions or issues.
Monitor aging and follow up on all partially applied payments, unapplied cash, and Need Remits.
Assist in cleaning up past unapplied cash, misapplied payments, and Need Remits.
Process all incoming and outgoing interplants between SAP and WISE.
Collaborate with IT to assist in SAP improvements for Cash Apps through testing.
Research and resolve deductions and assist with past dues and unapplied payments.
Establish and maintain customer relationships to resolve payment issues and obtain remits.
Update Cash Tracker on a daily basis.
Balance General Ledger for each SAP plant once payments are posted.
Perform end-of-month balancing and reconciliation.
Monitor WMPC Collections inbox for the entire SAP team, handling an average of 50+ emails per day.
Code and file all remittances received.
Respond to customer requests and forward them to the appropriate collector as needed.
Assist and advise on any ad hoc projects as assigned.