Assistant manager

0 years

0 Lacs

Posted:2 days ago| Platform: Linkedin logo

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Work Mode

On-site

Job Type

Full Time

Job Description

Assistant Manager – AR Cash Application (with People Management)

Overview

The Assistant Manager of Accounts Receivable (AR) Cash Application is responsible for overseeing and optimizing the end-to-end cash application process—ensuring incoming payments are posted accurately and timely. This role also entails assisting with team supervision and continuous process improvement.

Responsibilities

Cash Application Operations
  • Oversee daily processing of cash receipts (checks, ACH, wire, credit cards) and accurately post payments to customer accounts.
  • Reconcile unapplied or unidentified payments and resolve discrepancies promptly.
  • Ensure accurate bank fee postings, inter-company transfers, ERA posting, denial handling, and write-off management
Reporting & Compliance
  • Generate and distribute daily, weekly, and monthly cash application reports; assist with month-end close and audits.
  • Maintain compliance with corporate policies, internal controls, and regulatory standards.
Process Improvement & Systems Management
  • Identify recurring issues and recommend process automation or optimization strategies (e.g., OCR, AI tools).
  • Collaborate with Treasury, Collections, Credit, and IT teams to enhance cash application workflows and system
People Management & Leadership
  • Assist in supervising the cash application team, ensuring daily targets and accuracy metrics are met.
  • Support training, development, and coaching of team members to drive best practices.
  • Collaborate with cross-functional peers and escalate issues to senior AR or Finance leadership as needed.

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