Cash Application Specialist

Prysmian is the world’s leading manufacturer of wire and cable. Our North American footprint expanded in 2024 with the acquisition of McKinney, Texas-based Encore Wire. With nearly 9,000 dedicated team members in North America and 33,000 globally, every year Prysmian manufactures thousands of miles of underground and underwater cables for power transmission and distribution, medium and low voltage cables for construction and infrastructure as well as a comprehensive range of optical fibers, copper cables and connectivity for voice, video, and data transmission for telecommunications.

Everyone at Prysmian has the potential to make their mark; because whatever you do, wherever you are based, you will be part of a company that is committed to excellence as we help transform the world around us.

This position manages the application of $200MM+ in trade receivable payments, obtaining debit memos and communications to the D & R Specialists and Reps and reports to the Credit Manager.

Objectives :

• Manage over $200MM+ of combined Lockbox, ACH, wire and counter deposits.
• Obtain Debit Memo’s when not provided prior to payment from customers.
• ID & document all deductions and attach to all documents.
• Prep payments in advance of large deposits.
• Communicate deductions via email to all Sales Reps &  D & R Specialists.
• Keep senior management advise on all deposits daily.
• Test ERP system for updates made to NetSuite periodically through the year.
• Answer auditor requests with urgency.
• Communicate Non-Trade AR to accounting or other.
• Provide Statements to customers on a scheduled basis (via excel & outlook).
• Provide backup to D & R Specialists for freight claim deposits.
• Offset CR / DR memos as requested by management or D & R Specialists.
• Manage all documents on server in an organized fashion.

Required Skills :

Preferred :

About Encore Wire :

Encore Wire began its legacy as a residential building wire manufacturer in a 68,000 sq. ft. building in McKinney, Texas. We have expanded every couple of years, and, 35 years later, have grown organically into a 460-acre campus with over 3.5 million square feet under roof. Today, Encore Wire offers building wire in both copper and aluminum for residential, commercial and industrial applications.As we prepare for the future of building wire, our philosophy is simple; keep the focus on our customers and their needs. That’s why Encore Wire works hard, in partnership with our customers, to bring them labor-saving products like our spool-free PullPro®; and the industry’s first self-spinning and 360-degree maneuverable Reel Payoff®. In addition to our labor-saving products, we offer unmatched delivery and service that is guaranteed to provide you with the ultimate wire buying experience.To learn more about our labor-saving products and solutions, please visit us online at www.encorewire.com.