What are the responsibilities and job description for the Payment Application Specialist position at MRI Software?
From the day we opened our doors in 1971, MRI Software has built flexible, game-changing real estate software solutions to improve people’s lives. The only way to carry out that mission is to hire the absolute best employees on earth. People like you.
Work hard, play hard. Always. Our relentless commitment to client success, our employee resource groups and our promise to empower our teams to reach their full potential are a few examples of what makes MRI Software special.
And we’re passionately dedicated to creating a work environment that you look forward to every single day. That’s why we invest heavily in our employee engagement, so you enjoy the tech industry’s best perks. Together with the whole Pride, (lion roar for "family") employees, customers, and partners, we’re on a mission to break new ground and lead the real estate industry into a digital-first future.
We understand the need to provide a flexible working environment partnered with team collaboration and socialization. Therefore, we operate a hybrid working model with 3 days in-office and 2 days remotely. This role is based at our HQ in Solon, Ohio.
RESPONSBILITIES:
The Payment Application Specialist will be processing a high volume of cash applications, accurately and on a timely basis for a variety of MRI Software’s global business units with a focus on NA region businesses. The specialist will interact with the Accounts Receivable team members to resolve payment discrepancies and cash reconciliations. The specialist will track daily cash receipts and post daily to ensure an up-to-date reflection of outstanding client invoice balances. This person will interact with Accounting team members to properly post non-invoice related payments and to reconcile accounts.
- Process incoming payments: Lockbox, ACH, Credit Cards, and Wires utilizing reports from online portals. Research insufficient payment information.
- Review all lockbox deposits. Process unapplied payments.
- Ensure that payments are applied per remittance and in a timely manner to not affect client experience.
- Prepare month end journal entries related to cash and intercompany balances.
- Update cash receipts tracking files.
- Balance bank transactions to General Ledger frequently. Ensure credits received in all bank accounts (as assigned by management) are accounted for and allocated and returned payments have been processed in a timely manner.
- Prepare weekly/daily cash reports to support Accounts Receivable team and management responsibilities.
- Handle inquiries applicable to cash applications.
- Coordinate with Accounts Receivable team in resolving customer remit issues.
- Utilize ingenuity to innovate processes and procedures.
- Perform other duties and participate in other projects as assigned by management, including cross training within the department.
REQUIREMENTS:
Knowledge and Skills:
- Mastery of Microsoft Excel; functions, formulas, tables and graphs.
- Consistently at work and on time, follows instructions, responds to management direction and solicits feedback to improve performance.
- Exemplary communication skills and ability to work well individually or as a member of a team.
- Attention to detail and ability to plan, organize, prioritize and multi-task.
- Creativity to continue to elevate current standards and pride of ownership in duties.
- Show strong initiative, problem analysis and problem-solving skills.
- Comfortable learning and utilizing multiple online resources.
Education and Experience:
- High School diploma required. Associates or higher level in Accounting strongly preferred
- Global cash application experience a plus, but not required
- Candidate must be detail-oriented with a focus on accuracy and efficiency
We’re obsessed with making this the best job you’ve ever had!
We want our teams to love working here, so we’ve created some incredible perks for you to enjoy:
- Join our employee-led groups to maximize your experience at work such as our Diversity, Equity and Inclusion committee, employee resource groups such as Women and Allies, and our Pride Event Group
- Enjoy peace of mind over yours and your family’s health with our medical coverage options and HSA benefit
- Invest in our competitive 401k plan and help set you up for your future
- Big on family? So are we! We understand family is important and being able to spend quality time with your family is a wonderful experience. Our Parental Leave Program is designed to give you the opportunity to spend even more time with your new arrival(s)
- Enjoy a fantastic work-life balance with 20 days PTO plus observed Holidays, plus 16 hours of ‘Flexi’ time a year
- Further your professional development and growth with our generous Tuition Reimbursement offerings
- Enjoy the flexibility of working from anywhere in the world for two weeks out of the year
At MRI,
our company culture
is more than a talking point – it’s what makes us shine! We value your hard work and encourage you to be your whole self while you do it. Passion, integrity, and inclusion mixed with a healthy dose of fun is what makes us the best fit for your next career move!
MRI continues to strive to amaze as a global industry leader in real estate software. Whether you are joining as a new pride member or bringing your expertise back, your talent is important to maintaining MRI’s high client experience standard and continuing our growth in the PropTech space.
Amazing growth takes amazing employees. Are you up to the challenge?
We are not accepting unsolicited resumes from agencies and/or search firms for this job posting.
Environmental Conditions
This person will work predominantly in an office type environment.
Physical Demands
While performing the duties of this job, the employee is regularly required to sit up to 8 or more hours a day. The employee is frequently required to see, hear and speak. The employee may be required to work at a computer work station for more than 5 hours a day.
Mental Demands
Reading, studying focused listening, auditing, inspecting, proofreading, and evaluating required. Ability to give, receive, and analyze information and prepare written materials. Ability to communicate effectively (verbal and written); interpret policy, procedures, and data.
MRI Software is an Equal Opportunity Employer. Regardless of your race, color, religion, sex, national origin, sexual orientation, gender identity, disability, age, veteran status, you are welcome here.
