Cash Application Coordinator

Graco manufactures and markets premium equipment to move, measure, control, dispense and spray a wide variety of fluid and powder materials. What does that mean? Well, we pump peanut butter into your jar, and the oil in your car. We glue the soles of your shoes, the glass in your windows and the screen on your phone. We spray the finish on your vehicle, coatings on your pills, the paint on your house and texture on your walls. Graco is part of your daily life.

T he Cash Application Coordinator is responsible for the timely and accurate posting of cash, wire transfers, and credit card receipts, as well as the offset of credit memos. It also involves handling chargebacks and writing off unauthorized deductions to customer accounts, ensuring compliance with acceptable accounting practices and company policies and procedures.

What You Will Do at Graco:

Cash Application

• Perform daily lockbox processing and manage autocash batch operations to ensure timely and accurate cash application
• Manually apply unmatched cash receipts and credit memo offsets to customer accounts, ensuring invoices are cleared promptly and accurately.
• Create chargebacks for unauthorized customer deductions or approving write-offs in accordance with delegated authority
• Process credit card transactions, offsets, and related adjustments in compliance with company policies and controls

Deductions Management

• Identify deductions and short payments on customer accounts during the cash application process and accurately document the reasons provided
• Initiate contact with customers, by phone or in writing, to clarify the basis for deductions or short payments not explained in remittance advice, and process chargebacks or write-offs when appropriate
• Log and investigate all deductions, exercising judgment to assign and track follow-up responsibilities to the appropriate party (Customer Service, Sales, Credit, etc.).
• Ensure that all deduction-related transactions and adjustments are accurately posted in a timely manner .

Accounts Receivable

• Maintain proper storage of paper and electronic check copies, as well as computerized Accounts Receivable listings (including trial balances, batch listings, and quarterly audits) in compliance with company policy guidelines .
• Address and resolve complex customer inquiries regarding statements, chargebacks, and payment applications while ensuring positive client relationships .
• Apply journal vouchers and check vouchers from the General Ledger to the Accounts Receivable file in accordance with corporate accounting policies .
• Other duties as assigned., At Graco, you truly make a difference. Your unique talents contribute to our organizational growth and future. Not only do you make a difference, but Graco’s culture empowers employees to create their own career path. Whether you choose to advance within your current department or explore new opportunities in different divisions, you have the ability to build your future. Our managers are here to provide support and guidance as you continue to grow within your career.

• 2 + years of experience in Accounts Receivable Cash Application or general accounting.
• Ability to maintain a high level of speed and accuracy in preparing and entering financial information.
• Strong analytical and problem-solving skills with the ability to make sound decisions.
• Effective verbal and written communication.
• Excellent attention to detail and time management, including the ability to meet critical month-end deadlines
• Proficiency in relevant computer applications, including Oracle and Microsoft Office.
• Solid knowledge of basic accounting principles and bookkeeping entries .

Accelerators

• Experience in the manufacturing industry .

Applicants must be legally authorized to work in the United States. This role is not eligible for immigration sponsorship now or in the future (e.g., H-1B, TN, F-1 OPT).

Pulled from the full job description

• Tuition reimbursement
• Employee stock purchase plan
• 401(k)
• Health insurance
• Dental insurance, Graco has excellent opportunities available to individuals who want to be part of a fast-moving, growing company that is committed to quality, innovation and solving fluid handling problems for our customers. Graco is proud to be named a Best Place to Work by Fortune Magazine in 2016, 2018, 2019, 2021 & 2022. Graco offers attractive compensation, benefits and career development opportunities. Graco’s comprehensive benefits include medical, dental, stock purchase plan, 401(k), tuition reimbursement and more.

Our company uses E-Verify to confirm the employment and eligibility of all newly hired employees. To learn more about E-Verify, including your rights and responsibilities, please visit www.dhs.gov/E-Verify .

The base pay range for this position is listed below, exclusive of fringe benefits or other compensation. If you are hired, your final base hourly rate will be determined based on factors such as geographic location, skills, competencies, education, and/or experience. In addition to those factors, we will also consider internal equity of our current employees. Please keep in mind that the range provided is the full base salary range for the role. Hiring at or near the maximum of the range would not be typical to allow for future and continued salary growth. $18.46 - $32.26