Cash Applications Specialist

US Bank • Marshall, MN

107d • $20 - $20

About The Position

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. The role involves processing transactions including but not limited to, general ledger entries, suspense ledgers, contract payments, payment uploads, contract payment suspense items and end of lease payments. You will monitor incoming electronic funds (ACH credits, wires) in the appropriate bank accounts, research and resolve payments in the Lockbox Online, and process exception batches for payments from lockbox, COLT, and CDA. Quality reviews or maintenance from ACH Authorization forms for lease contract payments, monitoring email boxes, and checks in the CAT system are also part of the job. You will work with other U.S. Bank business lines on misdirected payments, complete End of Day balancing activities, and special reporting. Ensuring accuracy, completeness, and timeliness of transactions processed is crucial, as is conducting research on discrepancies and making appropriate corrections or adjustments. You will respond to and resolve inquiries.

Requirements

• High school diploma or equivalent.
• Two to four years or more of operations services related work experience.

Nice To Haves

• Knowledge of products, services, terminology, procedures and systems related to assigned area, as well as applicable laws and regulatory requirements.
• Proven commitment to high quality customer service.
• Ability to work well with external and internal customers.
• Good time management skills to maximize production and execution of tasks in a fast-paced environment.
• Good understanding and knowledge of internal policies and procedures within Operations Services and enterprise wide.
• Ability to identify, analyze and resolve exceptions through data interpretation.
• Strong PC skills.
• Good verbal and written communication skills.

Responsibilities

• Processing transactions including general ledger entries, suspense ledgers, contract payments, payment uploads, and end of lease payments.
• Monitoring incoming electronic funds (ACH credits, wires) in the appropriate bank accounts.
• Researching and resolving payments in the Lockbox Online.
• Processing exception batches for payments from lockbox, COLT, and CDA.
• Conducting quality reviews or maintenance from ACH Authorization forms for lease contract payments.
• Monitoring email boxes and checks in the CAT system.
• Working with other U.S. Bank business lines on misdirected payments.
• Completing End of Day balancing activities and special reporting.
• Ensuring accuracy, completeness, and timeliness of transactions processed.
• Conducting research on discrepancies and making appropriate corrections or adjustments.
• Responding to and resolving inquiries.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law.

What This Job Offers

• Job Type: Full-time
• Industry: Credit Intermediation and Related Activities
• Education Level: High school or GED