AR Cash Application Specialist

Job description

Job Title: AR Cash Application Specialist

Job Summary: We are seeking a highly skilled and detail-oriented AR Cash Application Specialist to join our finance team. The AR Cash Application Specialist will be responsible for accurately and efficiently processing incoming payments, reconciling accounts, verifying agreed allowances, perform write-offs and maintaining financial records. The ideal candidate should have 2-3 years of experience in cash application, possess strong analytical skills, and be proficient in using financial software and tools.

Responsibilities:

· Process incoming payments from various sources, including checks, wire transfers, credit card payments, and electronic funds transfers.

· Accurately apply payments to customer accounts, ensuring proper allocation and timely posting.

· Perform daily reconciliations of cash receipts, ensuring all transactions are properly recorded.

· Investigate and resolve discrepancies or issues related to payment application, working closely with internal teams such as billing, sales, and customer service.

· Monitor and follow up on outstanding accounts receivable, coordinating with customers to resolve any payment discrepancies.

· Maintain accurate and up-to-date records of all cash transactions and adjustments.

· Prepare regular reports and summaries of cash application activities, providing insights and analysis as required.

· Collaborate with the finance team to improve cash application processes and enhance efficiency.

· Validate Agreed allowances and perform write-offs.

· Stay updated on industry trends and best practices in cash application and implement changes to improve overall effectiveness.

Requirements:

Bachelor's degree in accounting, finance, or a related field.

2-3 years of experience in cash application or accounts receivable.

Strong understanding of accounting principles and financial processes.

Proficiency in using financial software and tools, such as ERP systems and Excel.

Excellent attention to detail and accuracy in processing and reconciling financial data.

Strong analytical and problem-solving skills.

Effective written and verbal communication skills.

Ability to work independently and meet deadlines.

Prior experience in a fast-paced, high-volume environment is preferred.

Knowledge of relevant regulations and compliance standards related to cash application is a plus.

karthikm@coreforce.com

Shift Time - US working hours (6.00PM IST to 2.30PM IST)

Job Perks :

1.Health

2.Night Shift allowances.

3.Quarterly Employee Recognition 

4.Yearly Performance Bonus