Cash Application Specialist

Job Description

Position title/job title: Cash Application Specialist

Responsible for applying payments accurately to customer accounts, performing analysis of payment histories and account reconciliations. In addition, this role will reconciles customer balances with focus on resolving payment discrepancies, conduct research for unidentified customer accounts and/or over-payments. This position will also have regular interaction with the credit/collection department. The candidate takes ownership and creates solutions and enjoys working “hands-on” in a high-volume, fast-paced work environment.

** MUST BE WILLING TO TRAVEL TO NJ FOR TRAINING - DURATION 3- 4 WEEKS. ONCE TRAINING IS COMPLETE, JOB IS BASED IN NORTH WALES PA.

Requirements:
• Knowledge of Basic Accounting
• BS Degree in Accounting or other Business Discipline preferred, but not required. Extensive work experience is comparable to a degree.
• Minimum of three to five years of experience in a cash application role
• Working knowledge of SAP a must
• Pharma experience a plus
• Ability to work with and effectively communicate with all levels of Management
• Proficient and accurate in keying numbers and letters
• Strong analytical/multi-tasking skills
• Must possess ability to work independently with minimal supervision
• High Paced Office environment
• Stress tolerance
• Ability to spend extended periods of time viewing a PC screen
• Ability to sit for extended periods of time
• Must adhere to pre-determined work schedule

Roles:
• Verifies payments and ensures that all required paperwork is accurately completed including check numbers and amounts paid.
• Compiles, batches and applies customer payments to customer accounts
• Prepares accounts receivable adjustments based on customer short payments.
• Daily Balancing of the General Ledger
• Review unidentified deductions, recode, then forward to appropriate Finance analyst (i.e., Returns, Rebates, etc.).
• Finance Liaison for all cross functional groups to ensure that all journal entries/offsetting adjustments for entire Accounts Receivable Portfolio are processed in a timely manner.
• Extensive reporting responsibilities, including, but not limited to, Cash Forecast, Payment Trending, Month-End/Quarter-End Reconciliations, Ad-Hoc, etc.
• Contacts customers when necessary to determine proper payment application.
• Maintains customer files and all related information in computer system.
• Researches customer duplicates and erroneous payments
• Assists with questions regarding balancing problems with the cash report.
• Assist in the month end processes as needed
• Participate in special department projects/initiatives as directed
• Strong written and verbal communication skills.
• Archiving, records retention and audit support
• Escalate unresolved issues/concerns

Notes:
• Work schedule : M-F
• Shift : 7:30 to 9 AM. End 4:30 to 5:30 PM
• Overtime expectations As needed
•• Training for 3-4 weeks is in NJ
• Interview process: Face to Face; maybe 30 to 60 mins
• Interview location: 1070 Horsham Road North Wales, PA

Qualifications

** MUST BE WILLING TO TRAVEL TO NJ FOR TRAINING - DURATION 3- 4
WEEKS. ONCE TRAINING IS COMPLETE, JOB IS BASED IN NORTH WALES PA.

Requirements:
• Knowledge of Basic Accounting

• BS Degree in Accounting or other Business Discipline preferred, but
not required. Extensive work experience is comparable to a degree.
• Minimum of three to five years of experience in a cash application role
• Working knowledge of SAP a must
• Pharma experience a plus
• Ability to work with and effectively communicate with all levels of Management
• Proficient and accurate in keying numbers and letters
• Strong analytical/multi-tasking skills
• Must possess ability to work independently with minimal supervision
• High Paced Office environment
• Stress tolerance
• Ability to spend extended periods of time viewing a PC screen
• Ability to sit for extended periods of time
• Must adhere to pre-determined work schedule

Additional Information