Cash Application Specialist

Responsibilities

• Review daily bank deposit information received from multiple channels to ensure timely processing.
• Apply incoming payments from multiple sources, including lockbox, wire activity, electronic remittance platforms, and other payment streams.
• Research unapplied cash and credit balances, then resolve discrepancies to complete posting to accounts.
• Examine payments to confirm the proper account coding and support accurate ledger allocation.
• Update and maintain banking details as required.
• Administer records associated with the auto-debit program, including routine updates and data maintenance.
• Record approved bad debt adjustments and process returned payment items in accordance with established procedures.
• Prepare journal entries and complete additional cash application or accounts receivable tasks as needed by the team.

Requirements

• At least 3 years of experience in cash applications, accounts receivable, cash posting, or payment processing.
• Practical experience working accounting tools such as JDEdwards, Netsuite, Intacct, or other similar platforms.
• Ability to handle journal entry support and payment posting activities with strong accuracy and consistency.
• Clear written and verbal communication skills, with the ability to collaborate effectively across teams.
• Strong analytical thinking and attention to detail when researching payment issues and account discrepancies.
• Well-developed organizational skills and the ability to manage changing priorities under tight deadlines.

Qualifications

• Degree in Accounting, Finance, Business or other related fields of study required.
• Real Estate or Financial Services industry experience is preferred but not required.