Lead Cash Application Specialist

MediaNews Group•Willoughby, OH

8d•Onsite

About The Position

MediaNews Group is seeking a Lead Cash Application Specialist to be responsible for the day-to-day operations of cash applications processes for assigned properties (newspapers) owned by the company. This includes applying cash manually and through interfaces to A/R accounts from multiple inflows, working error reports from interfaces, performing a three-way match (system, bank, and GL), assisting the collections team with account research, and creating adjustments for customer accounts. This position will be on-site at our office in Willoughby, OH.

Requirements

Aptitude for reading and comprehending written instructions (including process, policy, and procedures manuals), correspondence, and financial documents
Demonstrated ability to deliver verbal and written communications efficiently and effectively to all levels within the organization
Ability to resolve issues independently with coworkers and clients
Knowledge of accounting process and controls
Comprehensive knowledge and application of GAAP
Strong analytical skills, self-initiative, good interpersonal skills and team collaboration skills
The minimum education required to be considered for this position is a GED or high school diploma; Associate’s degree preferred
Ability to create Excel spreadsheets using formulas as needed
One year of Cash Applications or business experience required

Nice To Haves

3 to 5 years of Cash Applications or business experience preferred

Responsibilities

Demonstrate a full understanding of all cash procedures for assigned workflows and properties
Deposit, apply, and reconcile all cash transactions processed on a daily, weekly, and monthly basis, including all system balancing
Communicate with remote locations and serve as the key contact for sales personnel at field locations
Utilize forensic accounting skills through research and critical thought to reconcile variances that may occur between point-of-sale systems, banks, and the general ledger
Foster strong relationships with field representatives in advertising, collections, accounting, and property publishers
Assist in implementing best practices for A/R activities, reporting, communications, and team development
Create an environment and culture that fosters process improvement, high-performance teams, employee growth, and extraordinary customer service
Aid in establishing productivity and quality performance measurements, monitoring performance against established goals, and coaching employees on process improvements
Process and deposit any live checks for GL items
Monitor cash team productivity and performance and report metrics
Articulate technical problems to the appropriate IT staff for system functionality issues and resolution, and perform as the “subject matter expert” for DTI, AdBase, Brainworks, interfaces, software upgrades, testing, etc.
Bolster communication and teamwork within, and across, other SSC departments
Enforce all Cash Application policies, controls, processes, and procedures
Train, motivate, and ensure the cash team understands their duties and delegated tasks