Cash Application

Job Description

Job Description

We are looking for a detail-oriented individual to join our team in Minnetonka, Minnesota as a Cash Application specialist. In this role, you will focus on managing high-volume cash application processes, ensuring accurate and timely posting of payments. This is a long-term contract position within the manufacturing industry, offering an opportunity to contribute to efficient financial operations.

Responsibilities :

• Process high-volume cash applications, including lockbox payments and electronic transactions, with precision and speed.
• Handle unapplied payments, ensuring proper allocation and resolution of exceptions.
• Perform adjustments, offsets, and credit card payment processing as required.
• Collaborate with team members to post payments simultaneously and assist others as needed.
• Utilize Excel to analyze bank files, identify unapplied or partially posted transactions, and ensure accurate reconciliation.
• Manage wire transfers and credit card transactions, maintaining compliance with company policies.
• Work with SAP to efficiently process and record financial data.
• Maintain thorough documentation of all transactions for auditing and reporting purposes.
• Communicate effectively with internal teams to address payment discrepancies and improve processes.
• Minimum of 1 year of experience in accounts receivable or cash application.
• Proficiency in managing high-volume cash application processes.
• Strong knowledge of Microsoft Excel for data analysis and reconciliation.
• Familiarity with SAP for financial transactions and reporting.
• Experience handling electronic payments, including lockbox and wire transfers.
• Ability to process credit card payments and perform necessary adjustments.
• Excellent attention to detail and organizational skills.
• Strong communication skills for collaboration with team members and stakeholders.