What are the responsibilities and job description for the Cash Application Specialist position at Assured Benefits Administrators, Inc.?
Job Description
Job Description
POSITION SUMMARY
The Cash Application Specialist will receive daily payments from a variety of sources and deposit in fully each day with proper recording of the payments in a variety of platforms.
DUTIES AND RESPONSIBILITIES
The essential functions include, but are not limited to the following :
- Daily processing of cash receipts and postings to customer accounts, including adjustments to customer accounts for credits / debits and account write-offs.
- Ensure inter-company transfers are posted and handed off properly and non-customer payments posted properly.
- Identify daily unapplied amounts, post to customer accounts, and research fully.
- Maintenance of records for auditing purposes (filing remittances, bank statements, approved write offs).
- Receiving and recording of all payments received from lockbox, EFTs, wire transfers, credit cards, checks, multiple offices, etc.
- Support client and corporate management with respect to any relevant issues relating to cash receipts, applications, and collections.
- Encodes checks and balances checks received to cash receipts and encoding machine totals.
- Maintain proper audits to ensure claims system Fund Balance is accurate on Assured Benefit Administrators’ owned bank accounts.
- Maintain proper techniques for downloading bank activity.
- Provide a high level of customer service to clients, brokers, internal customers (i.e. Account Management and Sales), and Management.
- General ledger entries related to deposits.
- Write and / or review Standard Operating Procedures for cash postings.
- Protect organization’s value by keeping information confidential.
Other job duties include, but are not limited to the following :
MINIMUM QUALIFICATIONS (KNOWLEDGE, SKILLS, AND ABILITIES)
OTHER DETAILS
Supervisory Responsibilities
None.
Work Environment
The noise level in the work environment is usually low to moderate.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions. While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or fingers, handle or feel objects, tools, or controls. The employee is occasionally required to stand; walk; sit; and reach with hands and arms. The employee must occasionally lift and / or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus.
Travel Requirements
Little to no travel is required.
NOTE
This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbents will possess the skills, aptitudes, and abilities to perform each duty proficiently. Some requirements may exclude individuals who pose a direct threat or significant risk to the health or safety of themselves or others. The requirements listed in this document are the minimum levels of knowledge, skills, or abilities. This document does not create an employment contract, implied or otherwise.
The Company complies with employment regulations as they apply to the location of service.
