Cash Applications Specialist

• Process and accurately apply customer payments received via ACH, wire transfers, lockbox, checks, credit cards, and other payment methods.
• Reconcile daily cash receipts and deposits to bank statements and accounting records.
• Research and resolve unapplied cash, short payments, overpayments, deductions, and payment discrepancies.
• Maintain accurate customer account balances and payment history.
• Prepare daily cash application reports and reconcile cash posting activity.
• Investigate and resolve payment variances by collaborating with customers, Credit & Collections, Customer Service, and Sales teams.
• Process customer refunds, payment reversals, and account adjustments when appropriate.
• Monitor unapplied cash aging and proactively work toward timely resolution.
• Support month-end and year-end close activities by ensuring all cash is accurately posted and reconciled.
• Maintain documentation supporting cash transactions and audit requirements.
• Assist with account reconciliations and other Accounts Receivable functions as needed.
• Identify opportunities to improve cash application processes and increase efficiency.
• Ensure compliance with company policies, internal controls, and accounting procedures.

The Cash Application Specialist is responsible for the timely and accurate application of customer payments, reconciliation of cash receipts, and resolution of payment discrepancies. The ideal candidate is detail-oriented, organized, and thrives in a high-volume, fast-paced accounting environment., * Associate’s or Bachelor’s degree in Accounting, Finance, Business, or related field preferred.

• 2+ years of cash application, accounts receivable, or general accounting experience.
• Experience processing high-volume cash transactions.
• Strong understanding of Accounts Receivable principles and cash application processes.
• Excellent analytical and problem-solving skills with strong attention to detail.
• Ability to manage multiple priorities while meeting deadlines.
• Strong written and verbal communication skills.
• Proficiency in Microsoft Excel, including VLOOKUPs, Pivot Tables, and data analysis.
• Experience with ERP systems such as SAP, Oracle, Microsoft Dynamics, NetSuite, JD Edwards, or similar accounting software preferred.

4.54.5 out of 5 stars Philadelphia, PA 19154 $24 - $26 an hour - Temp-to-hire