Job Description
Job Description
We are looking for a Cash Application Specialist in Keene, New Hampshire. In this long-term contract role, you will play a critical part in ensuring accurate and efficient management of accounts receivable processes and payment applications. This position offers the opportunity to collaborate with cross-functional teams and contribute to the improvement of existing financial workflows.
Responsibilities:
• Apply lockbox receipts, checks, and electronic wire payments to the accounts receivable Oracle general ledger.
• Input manual billings and credits into financial systems, including the C& S mainframe or Oracle general ledger.
• Investigate and resolve discrepancies in payments, such as short or overpayments, by working closely with customers, collections teams, and contract compliance teams.
• Collaborate with customers to obtain necessary documentation and ensure accurate payment applications.
• Coordinate with collections teams to address unresolved payment issues and escalate to team leads when needed.
• Review contract terms to provide payment schedules to customers, encouraging compliance with established agreements.
• Handle daily cash management tasks, including reconciling receipts to applied payments and completing remote deposit functions.
• Document all cash application processes and recommend improvements to enhance efficiency and accuracy.
• Support management with additional daily cash processes as required.
• At least 1 year of experience in a cash application, accounts receivable, or similar role.
• Proficiency in using accounting software systems, including Oracle general ledger.
• Strong understanding of accounts receivable and billing functions.
• Ability to research and resolve payment discrepancies independently.
• Excellent collaboration skills to work with customers, collections, and compliance teams.
• Detail-oriented with strong organizational skills for managing financial processes.
• Familiarity with reconciliation and deposit procedures.
• Commitment to process improvement and adherence to financial best practices.