What are the responsibilities and job description for the Accounts Receivable Specialist position at IMCS Group?
Title: Financial Operations/Clerk III
Location: Austin, TX 78727
Duration: 6 months
Schedule: Hybrid (Tue- Thu)
Cash Application Specialist:
5-8 years of experience plays a key role in managing the cash application process for a company, ensuring that payments are accurately applied to customer accounts, discrepancies are resolved, and the accounts receivable (AR) process runs smoothly.
Key Responsibilities:
• Payment Posting: Accurately applying customer payments (checks, wire transfers, ACH, payments) to the appropriate accounts in the ERP. Adhere to finance policies and procedures.
• Reconciliation: Ensuring all payments are properly reconciled with invoices and other related financial records, identifying discrepancies, and working to resolve them.
• Discrepancy Resolution: Investigating and addressing any discrepancies in payment applications (e.g., short payments, overpayments, or misapplied payments).
• Daily Cash Posting SLA: Monitor and report on daily cash posting to ensure timely application of payments, supporting accurate financials.
• Customer Interaction: Communicating with customers or internal teams to resolve any payment-related issues, such as missing remittances or disputes.
• Collaboration: Working closely with other departments (e.g., accounts receivable, collections, finance) to ensure smooth financial operations and timely issue resolution.
Skills Required:
At the 5-8 year level, Cash Application Specialists are expected to have a more developed
skill set, combining both technical proficiency and a strong understanding of the overall
accounts receivable and cash management processes.
1. Advanced Knowledge of Cash Application Processes:
• In-depth understanding of applying various types of payments (checks, ACH, wire transfers).
• Cash flow between system to system and reconcile with ease.
2. ERP/Financial Systems Proficiency:
• Expertise in ERP systems such as SAP, Banks, or other similar platforms used for cash application and accounting.
• Proficiency in Excel for advanced data manipulation (pivot tables, vlookups, etc.) and reporting.
3. Reconciliation Skills:
• Strong understanding of financial reconciliation processes, including the ability to match payments with invoices and resolve discrepancies.
Salary : $25 - $30
