Cash Receipts Specialist, CoStar Group - Richmond, VA
About The Position
At CoStar Group, our finance group centralizes transaction processes, providing accurate reporting, financial resolutions, and proper forecasting analysis. Joining the team offers access to financial specializations, including accounts payable, accounts receivable, cash and asset management, client contracts and billing, and revenue recognition. As a CoStar Cash Application Specialist, you will be responsible for all accounts receivable, research and reconciliation of accounts. This role will support a high-volume, multi-entity environment and will be responsible for ensuring customer payments are accurately applied, cash and clearing accounts are reconciled, and exceptions are researched and resolved timely.
Requirements
- Bachelor’s degree from an accredited, not-for-profit, in-person University or College required.
- A track record of commitment to prior employers.
- Basic knowledge of accounting.
- Detail oriented.
- Experience and demonstrated proficiency with Excel that includes the ability to manipulate data, filter and develop basic formulas.
- All qualified candidates will be given an assessment to determine their knowledge of Microsoft Excel 2016.
Nice To Haves
- Prior knowledge/experience with ERP systems, NetSuite and/or Oracle.
- Experience reconciling Amazon marketplace settlements and Amazon seller accounts strongly preferred.
Responsibilities
- Processes and enter high volume of daily cash receipts to credit or debit customer accounts.
- Prepare batches to be posted to the general ledger.
- Assist collection department with questions and concerns regarding incoming payments, charge backs or balances.
- Prepare daily, weekly, and monthly cash application reporting and reconciliations.
- Prepare and maintain supporting schedules and reconciliation workpapers for month-end close.
- Perform bank and cash reconciliations and investigate reconciling items, timing differences, deposits in transit, and other exceptions.
- Communicate with various banks and clients to ensure all payments are applied correctly.
- Investigate and resolve unallocated cash receipts.
- Partner with colleagues in Shared Services, Technology, and Sales teams to resolve issues and improve processes.
- Drive communication and change in a world-class organization.
- Record and reconcile credit card processing fees, commissions, settlement fees, and other payment-related charges.
- Manage and reconcile Amazon settlement reports, including matching settlements to sales transactions, commissions, fees, refunds, chargebacks, reserves, and deposits.
Benefits
- Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
- Life, legal, and supplementary insurance
- Virtual and in person mental health counseling services for individuals and family
- Commuter and parking benefits
- 401(K) retirement plan with matching contributions
- Employee stock purchase plan
- Paid time off
- Tuition reimbursement
- On-site fitness center and/or reimbursed fitness center membership costs (location dependent)
- Access to CoStar Group’s Employee Resource Groups
- Complimentary gourmet coffee, tea, hot chocolate, fresh fruit, and other healthy snacks
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
