Cash Application Analyst/Accounting Specialist at Ronin Group
Houston, TX 77038
About the Job
• Payment processing: Daily review and application of incoming payments from various sources like bank lockbox, wire transfers, and credit cards to customer accounts.
• Invoice matching: Matching payments to the correct outstanding invoices based on customer details and remittance information.
• Discrepancy resolution: Investigating and resolving payment discrepancies, including short payments, duplicate payments, and unidentified deductions.
• Bank reconciliation: Performing daily bank reconciliations to ensure accurate cash balances.
• Suspense account management: Monitoring and clearing unallocated cash held in suspense accounts.
• Customer interaction: Contacting customers to clarify payment details or resolve application issues.
• Reporting: Generating reports on cash application activity, including aging analysis and key performance indicators (KPIs).
• System maintenance: Maintaining and updating cash application system data and parameters.
• Audit support: Assisting with internal and external audits related to accounts receivable.
Required skills:
• Strong analytical skills to identify and resolve discrepancies
• Attention to detail to ensure accurate data entry and payment allocation
• Proficiency in accounting principles and practices
• Excellent communication skills to interact with customers and internal stakeholders
• Ability to work independently and as part of a team
• Experience with ERP systems (e.g., SAP, Oracle) and related cash application modules
• Proficiency in Microsoft Excel for data analysis and reporting
• Invoice matching: Matching payments to the correct outstanding invoices based on customer details and remittance information.
• Discrepancy resolution: Investigating and resolving payment discrepancies, including short payments, duplicate payments, and unidentified deductions.
• Bank reconciliation: Performing daily bank reconciliations to ensure accurate cash balances.
• Suspense account management: Monitoring and clearing unallocated cash held in suspense accounts.
• Customer interaction: Contacting customers to clarify payment details or resolve application issues.
• Reporting: Generating reports on cash application activity, including aging analysis and key performance indicators (KPIs).
• System maintenance: Maintaining and updating cash application system data and parameters.
• Audit support: Assisting with internal and external audits related to accounts receivable.
Required skills:
• Strong analytical skills to identify and resolve discrepancies
• Attention to detail to ensure accurate data entry and payment allocation
• Proficiency in accounting principles and practices
• Excellent communication skills to interact with customers and internal stakeholders
• Ability to work independently and as part of a team
• Experience with ERP systems (e.g., SAP, Oracle) and related cash application modules
• Proficiency in Microsoft Excel for data analysis and reporting
Salary
18 - 24 /hour