Cash Application Specialist (Barrie, Ontario)

Antech Diagnostics • Barrie, ON

10d • CA$47,000 - CA$60,000 • Onsite

About The Position

The Cash Application Specialist is responsible for accurately processing and applying incoming payments to customer accounts, ensuring timely and precise reconciliation of cash receipts. This role plays a critical part in maintaining the integrity of the company’s accounts receivable and supporting the finance and accounting teams by managing cash flow data efficiently.

Requirements

• High school diploma or equivalent
• 2+ years of experience in cash applications, accounts receivable, or a similar finance role.
• Knowledge of accounting principles and cash application processes.
• Proficiency with accounting software and ERP systems (e.g., SAP, Oracle, QuickBooks).
• Strong attention to detail and organizational skills.
• Strong analytical and problem-solving abilities.
• Effective written and verbal communication skills.
• Ability to work independently and collaboratively as part of a team.
• Familiarity with Microsoft Office Suite, particularly Excel.
• Ability to handle confidential financial information with discretion and professionalism.

Nice To Haves

• Associate or bachelor’s degree in accounting, Finance, or a related field
• Experience with electronic payment processing and bank reconciliation
• Experience working in a fast-paced environment with tight deadlines
• Familiarity with industry-specific billing and payment systems.

Responsibilities

• Accurately apply customer payments (checks, electronic payments, wire transfers, credit card payments) to the appropriate accounts in the accounting system.
• Reconcile daily cash receipts and resolve any discrepancies or unapplied payments.
• Monitor and investigate payment variances, short payments, and overpayments.
• Collaborate with the Accounts Receivable team to resolve customer payment issues and disputes.
• Maintain detailed records of cash application activities and prepare reports as needed.
• Communicate with internal teams and customers to clarify payment details and resolve issues.
• Support month-end and year-end closing processes by ensuring all cash applications are up to date.
• Assist in process improvements to enhance the efficiency and accuracy of cash application procedures.
• Ensure compliance with company policies and financial regulations.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED