Cash Application Coordinator
Graco
Cash Application Coordinator
Graco
Designs and manufactures fluid handling products
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.
The Cash ApplicationCoordinatoris 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 manageautocashbatch operations to ensuretimelyandaccuratecash 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-offsin accordance withdelegated authority
Process credit card transactions, offsets, and related adjustments in compliance with company policies and controls
Deductions Management
Identifydeductions 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 theappropriate party(Customer Service, Sales, Credit, etc.).
Ensure that all deduction-related transactions and adjustments are accurately postedin a timely manner.
Accounts Receivable
Maintain proper storage of paper and electronic check copies, as well as computerized AccountsReceivablelistings (including trial balances, batch listings, and quarterly audits) in compliance with company policy guidelines.
Address and resolve complex customer inquiriesregardingstatements, chargebacks, and payment applications while ensuring positive client relationships.
Apply journal vouchers and check vouchers from the General Ledger to the Accounts Receivable filein accordance withcorporate accounting policies.
Other duties as assigned.
What You Will Bring to Graco:
2+years of experience in Accounts Receivable Cash Application or general accounting.
Ability tomaintaina high levelof 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
Proficiencyin 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).
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.
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 - $32.26Graco makes and sells fluid handling equipment for homes, professionals, service centers, and manufacturers in areas like automotive, aerospace, and packaging. Its products move, meter, and apply liquids using pumps, spray systems, meters, and accessories to transfer fluids with precision. Graco sets itself apart with a long history and a broad, diversified product lineup supported by established manufacturing and service networks. Its goal is to help customers keep operations running smoothly by providing dependable, efficient fluid-handling solutions.
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