Cash Application Specialist

Position Summary:The Cash Applications Specialist will perform daily posting and reconciliation of incoming customer payments across various channels and entities. Reporting to the Cash Application Manager, this role will support the full lifecycle of cash application—from receipt to system posting to variance resolution. The ideal candidate will bring technical skills, attention to detail, and prior experience in high-volume AR environments. A successful candidate will participate in process improvement, reduce unapplied cash, and improve the timeliness and accuracy of applied cash.

Key Responsibilities

• Daily cash application activities including lockbox, ACH, wire, credit card, and check payments
• Perform accurate and timely posting of payments across multiple bank accounts and business entities
• Identify and resolve unapplied, misapplied, or unidentified payments in collaboration with AR and collections teams
• Monitor variances and resolve before period close
• Coordinate with the billing, credit, and collections teams to ensure proper application of payments
• Prepare periodic cash activity reports and reconciliations for review

Qualifications

• Minimum 2-4 years of hands-on experience in cash applications, AR, or general accounting.
• Prior experience in a high-volume environment with multiple payment methods and large customer base.
• Familiarity with ERP systems such as Acumatica, NetSuite, Microsoft Dynamics, or equivalent.
• Intermediate Excel skills and experience with bank portals, remittance tools, and automated matching systems.
• Detail-oriented with a high level of accuracy and accountability in transactional finance operations.
• Demonstrated communication skills, with the ability to collaborate across departments.
• Bachelor’s degree in Accounting, Finance, or Business preferred.