Cash Applications Specialist from Foster McKay
New York City, NY 10007
About the Job
Our client, a worldwide leading spirits company located in New York City is seeking a Cash Applications Specialist on a temporary basis. The temporary Accounts Receivable resource will be responsible for all daily cash postings and reconciliations. SAP experience is preferred.
This role will be hybrid!
RESPONSIBILITIES:
- Prepares Daily EFT Proposals and sends notice to customers
- Maintain daily log of EFT proposals and bank transmissions
- Review documents before sending to the customers & the bank
- Review & solve customers’ failed payments
- Review SAP accounting postings linked to the EDD to ensure accuracy
- Post payments against open receivables when not done automatically by SAP
- Issue monthly statements of Customer accounts to all non-EDD Customers.
- Monitor daily lockbox receipts and bank statements to ensure timely and accurate application of cash payments
- Assist in creating the AR Dashboard on SharePoint
- Track past due customers (primarily, but not exclusively non-EDD Customers)
- Analyze aging reports and communicate with past due customers to identify any issues potentially impacting payments
- Research issues for past due invoices and coordinate necessary actions with Operations and/or sales team
- Contact customers to resolve past due accounts and initiate collection
- Create and maintain Month End Reporting for AR
- Intercompany invoicing
REQUIREMENTS:
- Undergraduate degree in Finance & Accounting required
- 3-5+ years of Cash Management/AR/Collections experience.
- Strong Knowledge of Basic Accounting Concepts.
- High level of attention to detail and accuracy
- Solid interpersonal and communication skills. Strong PC skills, specifically advanced excel skills.
- SAP experience preferred; Excel required
- Experience working within the beverage/ alcohol industry a plus
Salary
25 - 32 /hour