Cash Application Specialist

Responsibilities

• Accurately apply and reconcile cash receipts across multiple payment channels, including ACH, wire transfers, lockbox deposits, checks, and internal transfers.
• Ensure timely and accurate posting of all cash receipts to the general ledger and project accounting systems while maintaining strong internal controls.
• Conduct comprehensive research and analysis of unapplied cash, short pays, overpayments, duplicate payments, and unapplied credits; proactively identify root causes and drive resolution through coordination with clients, project managers, billing teams, and accounting personnel.
• Independently resolve complex cash application exceptions, minimizing aged unapplied cash and improving overall accounts receivable accuracy.
• Monitor daily cash activity and identify trends, process gaps, and opportunities for operational improvement.
• Prepare and analyze daily, weekly, and monthly cash application and reconciliation reports for management.
• Support month-end and year-end close activities related to cash receipts, accounts receivable, and account reconciliations.
• Partner with Accounting Management on customer account reviews, audit requests, and special projects.

Qualifications

• 3–5+ years of progressive cash application, accounts receivable, or corporate accounting experience, preferably in a high-volume, multi-entity environment.
• Demonstrated experience processing and reconciling high-dollar transaction volumes exceeding $1 million daily.
• Strong analytical and investigative skills with the ability to independently research, identify, and resolve complex unapplied cash and customer payment discrepancies.
• Advanced reconciliation skills with a solid understanding of accounts receivable processes, general ledger impacts, and accounting controls.
• Proficiency with ERP/accounting systems and Microsoft Excel, including pivot tables, lookups, and data analysis.
• Exceptional attention to detail, accuracy, and organizational skills.
• Ability to prioritize competing deadlines and perform effectively in a fast-paced environment.
• Strong verbal and written communication skills with the ability to collaborate across departments and interact professionally with clients.