Cash Application Specialist

Novacore•Conshohocken, PA

2d•Hybrid

About The Position

The Cash Application Specialist is responsible for the timely and accurate application of cash receipts. In this position, the Cash Application Specialist is expected to become proficient in utilizing Novacore’s policy administration systems to accurately apply cash received to open receivables, investigate discrepancies, communicate with internal and external parties to resolve open items, and perform invoicing functions. This is a hybrid position- onsite Tue/Wed/Thu from the Conshohocken, PA Home Office

Requirements

At least 2 years accounting experience.
Proficiency in Excel, Word and Outlook.
Strong attention to detail, accuracy and accountability.
Strong communication skills both verbal and written.
Excellent ability to analyze data and circumstances.
Ability to perform multiple tasks simultaneously, work effectively in a team environment and meet deadlines.

Nice To Haves

Bachelor’s degree in accounting or relevant accounting-related experience, preferred.

Responsibilities

Accurately apply check and ACH payments to open receivable balances in policy administration systems.
Create daily receipts and deposits for cash received.
Timely resolution of identified issues and discrepancies between cash received and amounts due.
Communicate with internal and external parties to address questions and resolve issues.
Maintain documentation of cash application process for SOX purposes.
Prepare journal entries in accordance with GAAP.
Review bi-weekly AR Aging report and provide notes on aged items for assigned NSM programs.
Enter direct debit ACH payments for authorized customers on banking platform.
Research reconciling cash items.
Execute direct bill related SOX control and maintain all related documentation.
Assist with testing for system upgrades and implementation.
Review and submit signed financed agreements to third party financing company (P1).