Cash Applications Specialist

Methode Electronics•Southfield, MI

19h•Onsite

About The Position

The Cash Applications Specialist supports finance activities within the Finance Department and U.S. Shared Service Center by accurately processing and applying customer payments using company payment systems. This role is responsible for posting daily payments to the correct customer accounts, creating and applying manual cash receipts, and reconciling accounts to ensure accuracy and efficiency. The specialist inputs and retrieves data from financial systems, spreadsheets, and works to resolve unapplied payments before month-end while continuously improving and streamlining manual processes. Additional responsibilities include ensuring effective issue resolution procedures and supporting auditor requests.

Requirements

Experience in Accounts Receivable with high volume cash application experience
Minimum 2 years of experience with a large customer base, preferably automotive
Excellent communication skills via telephone, video conferencing, email, etc.
Capacity to operate in fast-paced work environment and adhering to public company compliance requirements
Superior ability to prioritize and focus in a high-paced, multi-tasking environment
Ability to learn new technology software skills quickly
Proficiency in Microsoft Office including Excel, Word, and Outlook
Attention to details, commitment to accuracy, and extremely organized
Commitment to protecting customer/ company privacy
Cooperative / collaborative team player
Strong customer service approach to all matters

Nice To Haves

AS400/ CMS experience is a plus

Responsibilities

Post incoming payments (ACH, wire transfers, checks, credit cards) to correct customer accounts daily
Reconcile income payments against outstanding invoices and customer accounts
Inputs and retrieves data from computer systems and reconciles accounts daily
Apply payments to customer accounts accurately and efficiently
Review accounts receivable aging reports regularly.
Responsible for accurate and timely payment analysis
Proactively work with customers and collectors to identify and resolve payment issues
Support month-end closing activities by preparing AR reconciliations and resolving unapplied cash balances
Ensure adherence to internal controls and compliance with industry-specific financial regulations
Other duties as assigned