Cash Application Specialist

ABB Optical Group•Coral Springs, FL

6h•Onsite

About The Position

This is a support role for the Accounts Receivable function. Key emphasis is on the timely and accurate application of payments to customer receivables.

Requirements

High School Diploma, or equivalent experience
A minimum of three years of AR or Credit experience (Journal entry, ledgers, reconciliation etc.)
Ability to effectively handle multiple priorities at once
General PC applications and MS Office applications
Capable of adapting to a changing environment (i.e., organizational, technological, etc.).
Excellent oral/verbal and written communication skills
Ability to communicate effectively with management and peers
Works well under pressure
Open and willing to follow established procedures, while identifying potential improvements
Intermediate to Advanced level of Excel

Nice To Haves

Experience with A/R systems (WDS is a plus)

Responsibilities

Handle daily payment applications for Accounts Receivables of the company
Research and post checks received directly through the bank Lock Box
Reconciliation of adjustments related to prior payments posted; auditing and correction of rejected payments
Post account receivable transactions to journals, ledgers, and other records
Sort/file documents after posting, credit card processing/batching, and updating daily cash posting in the cash projection file
Balance daily Accounts Receivable by ensuring amounts applied agree to amounts received in deposits
Research and resolve unapplied/unidentified cash receipts
Review images of checks and remittances as provided through an online portal
Utilize company's online accounts receivable system to accurately apply those payments to the respective outstanding invoices
Process wire transfers and credit card transactions via online bank terminal and through the company's online accounts receivable system
Locate and correct misapplied funds identified through a review of customer's outstanding balances and invoice/payment history
Apply amounts to individual customer's outstanding invoices online through the company's A/R system
Receive, post, and prepare checks received in-house for deposit via the bank's remote deposit scanner
Identify potential trends in performance gaps and recommends modifications to the work documents, tools, systems and/or processes
Provide assistance to other accounting team members as needed
Create regular reports to accurately track financial information
Perform periodic audits of customer accounts
Interact with collectors to address payment disputes.