Cash Application Specialist

ADG Corp•Missouri City, TX

About The Position

JOB SUMMARY As a Cash Application Specialist, you will play a crucial role in managing and processing incoming payments, ensuring accurate and timely application of cash receipts to customer accounts. This position requires a keen eye for detail, strong analytical skills, and the ability to handle complex transactions while maintaining a high level of accuracy. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned. Cash Processing: Accurately apply incoming cash receipts to customer accounts, ensuring proper allocation and reconciliation. Payment Posting: Post payments to the appropriate accounts in a timely manner, verifying accuracy and resolving discrepancies. Account Reconciliation: Reconcile customer accounts and identify discrepancies or issues, working to resolve them promptly. Reporting: Generate and review reports related to cash application, payment trends, and account status. Customer Communication: Address and resolve customer inquiries related to payment and account issues professionally and efficiently. Collaboration: Work closely with other finance team members and departments to support overall financial operations and ensure a smooth cash flow process. Other duties as assigned.

Requirements

4+ years of experience in cash application, accounts receivable, or a similar finance role.
Strong understanding of accounting principles and cash management.
Proficiency in accounting software and Microsoft Office Suite (Excel, Word, etc.).
Excellent analytical and problem-solving abilities.
Strong attention to detail and organizational skills.
Effective communication and interpersonal skills.

Responsibilities

Accurately apply incoming cash receipts to customer accounts, ensuring proper allocation and reconciliation.
Post payments to the appropriate accounts in a timely manner, verifying accuracy and resolving discrepancies.
Reconcile customer accounts and identify discrepancies or issues, working to resolve them promptly.
Generate and review reports related to cash application, payment trends, and account status.
Address and resolve customer inquiries related to payment and account issues professionally and efficiently.
Work closely with other finance team members and departments to support overall financial operations and ensure a smooth cash flow process.
Other duties as assigned.