Financial Analyst

Financial Analyst - Cash Application Specialist

Austin TX (Hybrid)

6 Months (to Start with)

Pay Rate: $31.20/hr on W2 Mindsource benefits

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.

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.

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.

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.

Reconciliation Skills:

• Strong understanding of financial reconciliation processes, including the ability to match payments with invoices and resolve discrepancies.

Attention to Detail:

• High attention to detail to ensure payments are accurately applied, and discrepancies are identified and corrected.

Communication Skills:

• Strong verbal and written communication skills to interact with customers, vendors, and internal teams, especially when addressing payment issues or disputes.

Problem-Solving:

• Strong troubleshooting and problem-solving skills to quickly identify the root cause of payment discrepancies and take corrective actions.

Time Management:

• Ability to prioritize and manage multiple tasks, especially in a high-volume environment, ensuring timely and accurate cash posting.

Industry Knowledge:

• Familiarity with the specific industry’s payment processes (e.g., service, retail, B2B) can be an added advantage."

Please feel free to reach me for any queries or questions.