Cash Application Specialist

About the role

This position plays a key role in ensuring accurate and timely application of customer payments while supporting efficient accounts receivable operations.

Responsibilities

• Apply lockbox and wire remittances daily to ensure accurate and timely customer payment processing.
• Research unapplied cash transactions and customer payment histories to resolve discrepancies.
• Prepare and upload ACH payment files while maintaining accurate customer ACH information.
• Perform accounts receivable activities related to cash application and payment processing.
• Reconcile and maintain banking deposit logs while importing data into the company's deposit reconciliation system.
• Generate deposit log analyses and financial reports to support business needs.
• Maintain required documentation and approvals to ensure compliance with company policies and procedures.
• Support continuous improvement initiatives that enhance cash application accuracy and efficiency.
• Lead and promote healthy and safe work practices as required by regulatory agencies and Company policy.
• Perform other duties as assigned.

Requirements

• 3–5 years of experience in cash application, accounts receivable, or a related accounting role.
• Experience working within an SAP environment preferred.
• Associate's or Bachelor's degree in Accounting, Finance, Business, or a related field preferred, or equivalent work experience.
• Strong analytical, mathematical, and problem-solving skills.
• Excellent organizational skills with exceptional attention to detail.
• Strong written and verbal communication skills.
• Advanced proficiency in Microsoft Excel and Microsoft Office applications.
• Able to prioritize multiple tasks and meet deadlines in a fast-paced environment.
• Able to work independently while collaborating effectively across departments.

Qualifications

• High school diploma or equivalent.
• Ability to work flexible hours as needed.

Skills

• Microsoft Excel
• Microsoft Office applications

Benefits

• Competitive compensation
• Excellent benefits package
• Tuition assistance program
• Bonus plan
• 401(k) plan with generous company match
• Loyalty awards

Pay

Competitive compensation

Schedule

Full-time, onsite role located in Chicago, IL