Cash Application Specialist

Meriton•Irving, TX

23h•Hybrid

About The Position

The Cash Application Specialist is a key member of our Accounts Receivable’s Cash team, responsible for the accurate and timely posting of cash from various payment channels. You will play a crucial role in maintaining our financial health by ensuring payments are correctly applied, resolving discrepancies, and supporting our reconciliation processes. This position requires a detail-oriented individual with strong communication skills and a commitment to accuracy and compliance.

Requirements

Trust, confidentiality, and professionalism are demonstrated at every level
Elevated professionalism which demonstrates tempered emotions, empathy, positive intent, and integrity in all interactions.
Strong verbal and written communication skills
Ability to solve practical problems and manage a variety of variables in situations and with problems where only limited information or standardization exists
Open and transparent with a strong work ethic as well as the ability to handle sensitive and confidential information.
Strong attention to detail
Ability to work in a fast-paced environment
Must be a self-starter, independent, and strong organization skills, with the ability to manage multiple priorities and deadlines at any given time
Ability to establish and build effective working relationships with colleagues and staff. Acceptance of a variety of lifestyles, behaviors, and cultural, and spiritual practices
2+ years of experience in cash application or a related finance role.
Proficiency with various banking instruments (ACH, wires, credit cards, refunds)
Strong reconciliation and problem-solving skills.
Excellent communication skills and a high level of accuracy and attention to detail.
Ability to collaborate effectively with cross-functional teams (operations, finance, legal).
A strong sense of ownership and accountability.
Knowledge of GAAP and SOX compliance.
Must be proficient in the Microsoft Office Suite, including Outlook, Excel, PowerPoint and Word

Nice To Haves

Associate's degree preferred.
Experience with D365 posting automation is a plus.

Responsibilities

Accurately post cash from various banking instruments, including ACH, wires, credit cards, and refunds, to the correct customer invoices within 24 hours.
Manage and resolve exceptions and unapplied cash, aiming to resolve unapplied funds within two days.
Perform basic reconciliation of unapplied balances and bank deposits against D365 postings.
Support month-end close by ensuring all balances are accurate.
Investigate payment issues, process refunds, and handle small balance write-offs.
Communicate with internal departments and customers to investigate unidentified payments and resolve discrepancies.
Maintain SOX-compliant cash logs.
Perform dual review of write-offs/refunds.
Engage in training refreshers.
Identify and solve bottlenecks in the cash application process.
Contribute to continuous improvement efforts, including digital transformation initiatives (D365, PBI).
Regular, consistent and necessary to meet the needs of the business
Assists the cash team and other team members with various research projects and/or special projects
Performs other duties and responsibilities as assigned
Must conduct self in an ethical, legal, and responsible manner at all times
Must adhere to the policies, principles, and guidance within the Employee Handbook and Code of Conduct