Payment Application Specialist

MRI Software•Cleveland, OH

About The Position

The Role: The Payment Application Specialist will be processing a high volume of cash applications, accurately and on a timely basis for a variety of MRI Software’s global business units with a focus on NA region businesses. The specialist will interact with the Accounts Receivable team members to resolve payment discrepancies and cash reconciliations. The specialist will track daily cash receipts and post daily to ensure an up-to-date reflection of outstanding client invoice balances. This person will interact with Accounting team members to properly post non-invoice related payments and to reconcile accounts.

Requirements

Mastery of Microsoft Excel; functions, formulas, tables and graphs.
Consistently at work and on time, follows instructions, responds to management direction and solicits feedback to improve performance.
Exemplary communication skills and ability to work well individually or as a member of a team.
Attention to detail and ability to plan, organize, prioritize and multi-task.
Creativity to continue to elevate current standards and pride of ownership in duties.
Show strong initiative, problem analysis and problem-solving skills.
Comfortable learning and utilizing multiple online resources.
High School diploma required.

Nice To Haves

Associates or higher level in Accounting strongly preferred
Global cash application experience a plus, but not required
Candidate must be detail-oriented with a focus on accuracy and efficiency

Responsibilities

Process incoming payments: Lockbox, ACH, Credit Cards, and Wires utilizing reports from online portals.
Research insufficient payment information.
Review all lockbox deposits.
Process unapplied payments.
Ensure that payments are applied per remittance and in a timely manner to not affect client experience.
Prepare month end journal entries related to cash and intercompany balances.
Update cash receipts tracking files.
Balance bank transactions to General Ledger frequently.
Ensure credits received in all bank accounts (as assigned by management) are accounted for and allocated and returned payments have been processed in a timely manner.
Prepare weekly/daily cash reports to support Accounts Receivable team and management responsibilities.
Handle inquiries applicable to cash applications.
Coordinate with Accounts Receivable team in resolving customer remit issues.
Utilize ingenuity to innovate processes and procedures.
Perform other duties and participate in other projects as assigned by management, including cross training within the department.

Benefits

Join our employee-led groups to maximize your experience at work such as our Diversity, Equity and Inclusion committee, employee resource groups such as Women and Allies, and our Pride Event Group
Enjoy peace of mind over yours and your family’s health with our medical coverage options and HSA benefit
Invest in our competitive 401k plan and help set you up for your future
Big on family? So are we! We understand family is important and being able to spend quality time with your family is a wonderful experience. Our Parental Leave Program is designed to give you the opportunity to spend even more time with your new arrival(s)
Enjoy a fantastic work-life balance with 20 days PTO plus observed Holidays, plus 16 hours of ‘Flexi’ time a year
Further your professional development and growth with our generous Tuition Reimbursement offerings
Enjoy the flexibility of working from anywhere in the world for two weeks out of the year
Add 16 extra hours to your time off to shorten your workday as part of our Flex at MRI program.
Utilize 16 hours of paid time to volunteer.
Know great workers? Our generous employee referral scheme rewards you for bringing in talent.
Enjoy peace of mind with our regional-specific healthcare benefits for you and your family.
Big on family? So are we! Our Parental Leave and parental support perks allow you to grow your family comfortably as an MRI employee.
Maintain a fantastic work-life balance with PTO days plus observed holidays.
Further your professional development and growth with our tuition reimbursement offerings.
Enjoy the flexibility of working from anywhere in the world for two weeks out of the year.