Cash Application Manager - CAM Industrial Solutions

Houston, TX, USA Req #315

Monday, July 1, 2024

Cash Application Manager

Job Summary:
The Cash Application Specialist is responsible for the full cash application process for the business, applying payments quickly and accurately, & supporting Cash Application clerks as well as providing immediate customer response.
Responsibilities:

• Monthly reconciliation of all Trade AR and Unapplied cash
• Balancing workload and conflicting priorities requiring excellent time management.
• Lead Daily collection and posting of cash received
• Post payments received including AFT/EFT's, Wires, & checks
• Reconcile and record all incoming checks and prepare daily deposits.
• Balance cash posted to bank deposits daily.
• Answer customer inquiries in a timely and accurate manner.
• Apply credits.
• Perform posting reversals resulting from returned checks.
• Process payment reapplications and adjustments to existing invoice remittances when necessary
• Ensure overall efficiency of cash application function and timely application of cash to accurately report delinquency as well as timely posting of late charges.
• May serve as backup to accounts receivable. If we are combining, we can remove
• Generate Ad Hoc reports as needed.
• Recommend changes and enhancements to system and / or processes.
• Maintain accurate customer and office files and records.
• Monthly AR Roll forward preparation and ensure reconciliation to the GL

Skills, experience and/or qualifications:

• Associates degree or equivalent experience or comparable education. Emphasis in Accounting or Finance preferred .
• 2+ years' experience in office support or banking role with an emphasis on cash application or Accounts Receivable
• Ability to interface with customers and coworkers on a professional and personable level
• Ability to utilize computer and navigate software comfortably
• Strong communication skills (written and verbal)
• Knowledge of D365 or strong desire to learn.
• Proficiency in Excel with Pivot Tables and Vlookups
• Superior attention to detail, accuracy, and problem-solving abilities.
• Ability to multitask and meet deadlines, strong time management

Physical demands:

• Ability to sit and work in front of a computer for majority of the day
• Minor lifting of files and/or boxes < 5 lbs.

Work environment:

Office environment

Other details

• Pay Type Salary