Cash Applications Coordinator

Assa Abloy • Austin, TX

369d

About The Position

As our Cash Applications Coordinator, you'll support HID's success by working in an ERP system environment to apply customer payments via Oracle ERP System. You will post daily lockbox, EFT/ACH, and manual remittance deposits to customer accounts, transferring daily lockbox files from the bank interface for automated payment application. Your role will involve performing timely and accurate application of daily receipts and reconciling cash balance to the general ledger daily. You will also process adjustments as needed while posting cash receipts, resolve cash application issues presented by internal sources such as IT, customer service, accounting, and collections, and communicate resolutions to requestors. Additionally, you will be responsible for cash applications, cash receipt, reconciliation, and intercompany cash transfers, working with Accounts Receivable and Finance teams to research unapplied cash amounts, and collaborating with staff accountants to balance payments posted and deposits made. You will help the Manager in training other cash applications staff members and participate in projects as a Cash Subject Matter Expert, identifying processing exceptions that inhibit application efficiencies and recommending solutions.

Requirements

• 5 to 7 years of cash applications responsibilities including the application of receipts and researching variances
• Strong understanding of fundamental accounting - debit and credit entries
• Proficient written and verbal communication skills
• Ability to make independent business decisions
• Ability to work collaboratively with individuals in other departments
• Proficient in MS Office applications, such as Word, Excel, PowerPoint
• Familiar with Oracle or similar ERP systems is highly desirable
• Familiar with HighRadius is highly desirable
• AA in Business or equivalent combination of education and experience

Responsibilities

• Apply customer payments via Oracle ERP System
• Post daily lockbox, EFT/ACH, and manual remittance deposits to customer accounts
• Transfer daily lockbox files from bank interface for automated payment application
• Perform timely and accurate application of daily receipts and reconcile cash balance to general ledger daily
• Process adjustments while posting cash receipts
• Resolve cash application issues presented by internal sources
• Be responsible for cash applications, cash receipt, reconciliation, and intercompany cash transfers
• Work with Accounts Receivable and Finance teams in researching unapplied cash amounts
• Collaborate with staff accountants to balance payments posted and deposits made
• Help the Manager in training other cash applications staff members
• Participate in projects as Cash Subject Matter Expert
• Identify processing exceptions that inhibit application efficiencies and recommend solutions

Benefits

• Flexible work environment
• Regular feedback, training, and development opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Administrative and Support Services
• Education Level: Associate degree
• Number of Employees: 5,001-10,000 employees