Cash Application Specialist is responsible for managing the company's incoming payments and ensuring accurate recording and application of cash receipts. This role involves working closely with the accounting team to maintain up-to-date records and resolve any discrepancies in payments.
Responsibilities
Accurately apply daily cash receipts to customer accounts.
Process and post payments received via checks, ACH, wire transfers, and credit cards.
Reconcile payment discrepancies and apply adjustments as necessary.
Perform regular reconciliation of accounts receivable subledgers to the general ledger.
Investigate and resolve any variances identified during reconciliations.
Communicate with customers regarding payment inquiries and discrepancies.
Collaborate with the collections team to resolve overdue accounts.
Maintain accurate and detailed records of all transactions.
Qualifications
Graduate in Accounting or MBA Finance 2-4 years in accounts receivable, cash application, or a similar accounting role