Cash Application Specialist

Aston Carter•Reading, PA

15h•$48,000 - $60,000•Hybrid

About The Position

The Cash Application Specialist oversees the full spectrum of accounts receivable cash application activities, including daily cash entry, cash balancing, and posting journal entries. This role provides functional system support for accounts receivable processes across multiple large-scale ERP systems, ensures accurate reconciliation of all cash entries and company accounts, and prepares timely reports for management. The specialist also supports related teams with cash posting issues, maintains comprehensive A/R files, and contributes to the full order-to-cash cycle for assigned lines of business.

Requirements

At least 3 years of cash applications experience, including applying payments such as checks, credit card transactions, ACH, and wire transfers.
At least 3 years of account reconciliation experience within an accounts receivable or accounting function.
Demonstrated proficiency in cash applications, accounts receivable, and reconciliation processes.
Ability to perform cash balancing and reconciliations accurately and consistently.
Experience working within large-scale ERP systems for accounts receivable and cash application activities.
Ability to work effectively with pivot tables and VLOOKUPs in Microsoft Excel.
Strong attention to detail with the ability to manage cash posting across multiple ERP systems.
Solid understanding of general ledger accounts and journal entry processes.
Strong organizational skills for maintaining A/R files, including cash receipts, reports, and bank statements.
Ability to prepare, interpret, and distribute financial and cash-related reports for management.

Nice To Haves

Experience with SAP or similar enterprise-level ERP systems.
Background working in a public company environment.
Ability to create pivot tables and VLOOKUPs in Excel independently for data analysis and reconciliation.
Experience supporting full-cycle order-to-cash processes.
Strong problem-solving skills for resolving cash posting and account issues.
Effective communication skills for collaborating with cross-functional teams and management.

Responsibilities

Manage daily cash entry activities within accounts receivable, including accurate recording and application of payments.
Process incoming payments such as checks, credit card transactions, ACH, and wire transfers to the appropriate customer accounts.
Balance and reconcile all cash entries on a daily basis to ensure accuracy and completeness.
Post journal entries related to cash applications and accounts receivable activities in multiple ERP systems.
Provide functional system support for accounts receivable processes across multiple ERP platforms.
Balance cash entries and reconcile all companies, ensuring that all transactions are properly recorded and aligned with financial records.
Run appropriate accounts receivable and cash-related reports and distribute them to management on a regular basis.
Assist other teams with cash posting issues, account discrepancies, problem resolution, and related journal entries.
Maintain all accounts receivable files, including cash receipts, reports, and bank statements, in an organized and accessible manner.
Monitor general ledger accounts and related journal entries throughout the month to ensure accurate posting and classification.
Support the month-end closing process by reviewing and reconciling accounts, confirming balances, and finalizing required entries.
Prepare and submit necessary monthly reports to management regarding cash entry, cash balancing, and reconciliations.
Complete a wide range of department duties within the full order-to-cash cycle for assigned lines of business.
Use Excel tools such as pivot tables and VLOOKUPs to analyze, reconcile, and validate financial data.
Collaborate with internal stakeholders to resolve discrepancies and improve cash application processes.