Cash Applications Specialist

Valenz•Phoenix, AZ

1d•Remote

About The Position

As a Cash Applications Specialist, you’ll be responsible for accurately posting and reconciling client payments, resolving discrepancies, and processing adjustments as needed. You will ensure timely and precise cash application, maintain financial records, and communicate with clients and internal teams to address payment issues. Additionally, the specialist supports month-end closing activities, ensures compliance with company policies, and collaborates with Accounts Receivable and other finance teams to improve processes.

Requirements

High school diploma or equivalent.
Proficiency in Microsoft Office, especially Excel and Outlook.
Strong ethical conduct, organizational skills, and time management.
Ability to learn quickly, work independently, and collaborate as needed.

Nice To Haves

Accounting certificate.
NetSuite experience.

Responsibilities

Posts and applies payments from clients accurately and timely to the appropriate accounts, ensuring proper coding and documentation.
Researches and reconciles payments, including investigating discrepancies, resolving unapplied or misapplied payments, and collaborating with internal teams to ensure accurate financial records.
Processes voids, refunds, and adjustments by reviewing payment issues, coordinating with internal departments, and ensuring proper documentation for audit compliance.
Matches and distributes payments to vendors, ensuring accuracy in remittance advice and adherence to contractual agreements.
Maintains and updates financial records by managing various Excel logs and reports, ensuring accuracy and completeness in tracking payment activities.
Communicates with clients and internal teams regarding payment discrepancies, missing remittances, and any necessary follow-ups to resolve outstanding issues.
Supports month-end and year-end closing processes by reconciling accounts, assisting with reporting, and providing documentation as needed.
Ensures compliance with company policies, procedures, and internal controls, adhering to accounting principles and regulatory requirements.
Collaborates with Accounts Receivable and other finance teams to improve cash application processes, implement efficiencies, and support business operations.
Performs additional duties as assigned by the supervisor, contributing to departmental projects and process improvement initiatives.
Reasonable accommodation may be made to enable individuals with disabilities to perform essential duties.

Benefits

Generously subsidized company-sponsored Medical, Dental, and Vision insurance, with access to services through our own products, Healthcare Blue Book and KISx Card.
Spending account options: HSA, FSA, and DCFSA
401K with company match and immediate vesting
Flexible working environment
Generous Paid Time Off to include vacation, sick leave, and paid holidays
Employee Assistance Program that includes professional counseling, referrals, and additional services
Paid maternity and paternity leave
Pet insurance
Employee discounts on phone plans, car rentals and computers
Community giveback opportunities, including paid time off for philanthropic endeavors