Cash Application Specialist

Job Type: Contract

Job Description

We are currently seeking a meticulous and proactive Cash Application Specialist to join our client's Accounting team.

Position Overview: The Cash Application Specialist will be responsible for accurately applying incoming cash receipts to customer accounts, ensuring timely and precise recording of payments, and resolving any discrepancies. This role is crucial for maintaining accurate accounts receivable records and supporting overall financial operations.

Key Responsibilities:

Payment Processing: Accurately apply incoming cash receipts to customer accounts, including processing checks, ACH transfers, and electronic payments.
Account Reconciliation: Reconcile customer accounts to ensure that all payments are correctly applied and discrepancies are promptly addressed.
Invoice Matching: Match payments to corresponding invoices or sales orders and resolve any mismatches or issues.
Collections Support: Assist the collections team by providing details on payment applications and account statuses.
Customer Inquiries: Handle customer inquiries related to payment status, account balances, and discrepancies with professionalism and efficiency.
Documentation: Maintain accurate and up-to-date records of all cash application transactions and communications.
Compliance: Ensure adherence to internal policies and accounting standards related to cash application and accounts receivable.