ACCT. REC. ANALYST - CASH APP. SPECIALIST

About the role: 

We are seeking a highly motivated and detail-oriented Cash Applications/Accounts Receivable Analyst to join our dynamic finance team. In this role, you will be responsible for timely and accurate cash application, customer account reconciliation, and collection activities. You will play a crucial role in ensuring the smooth and efficient flow of cash within the organization.

Your Responsibilities:

• Cash Application & Reconciliation:
  • Promptly and accurately post daily cash receipts to customer accounts within the SAP system.
  • Conduct daily reconciliations of incoming cash against posted cash to ensure all funds are appropriately applied.
  • Retrieve and analyze bank reports daily to post payments and reconcile to general ledger accounts.
  • Identify and resolve cash discrepancies and discrepancies between remittance information and received payments.
• Customer Interaction & Collections:
  • Respond promptly and professionally to customer inquiries regarding invoices, payments, and account statements.
  • Proactively initiate collection activities on past due accounts, including contacting customers by phone and email.
  • Resolve customer disputes effectively and work with the manager to negotiate payment plans for past due accounts
• Invoice Management:
  • Collaborate with the sales team to dispute unauthorized deductions via email, portal, etc.
  • Manually input invoices into customer portals as required.
• Data Analysis & Reporting:
  • Analyze account activity to identify trends and potential areas for improvement.
  • Prepare ad-hoc reports and assist in the preparation of monthly/quarterly financial reports.
• Process Improvement:
  • Collaborate with team members and management to identify and implement process improvements to enhance efficiency and accuracy.
  • Participate in cross-training initiatives to ensure team coverage and knowledge sharing.
• Other Duties:
  • Assist with special projects and assignments as needed.
  • Adhere to all company policies and procedures, including those related to IATF16949 and ISO14000.

Who we are looking for:

• Education: High School Diploma or GED required; Associate's Degree in Accounting or Finance preferred.
• Experience:
  • Minimum 2 years of experience in credit and collections, preferably within the automotive industry.
  • Minimum 2 years of experience with ERP systems, preferably SAP, in a medium to large company.
  • Minimum 2 years of experience in payment posting.
• Skills:
  • Strong analytical and problem-solving skills with the ability to identify and resolve complex issues.
  • Excellent communication and interpersonal skills, both written and verbal.
  • Proficiency in Microsoft Office Suite (Word, Excel, Outlook).
  • Strong attention to detail and accuracy.
  • Ability to work independently and as part of a team.
  • Excellent time management and organizational skills.
  • Ability to adapt to changing priorities and work in a fast-paced environment.
• Preferred Qualifications:
  • Experience with OEM and Aftermarket customer portal systems.
  • Experience with data analysis and reporting tools.

What we offer:

• Comprehensive Health Benefits: Medical, dental, vision, and life insurance
• Financial Security: Short-term and long-term disability coverage
• Retirement Savings: 401(k) plan with a generous company match of up to 6%
• Time Off: Generous paid time off, including vacation, sick leave, and holidays
• Work-Life Balance: Paid maternity and paternity leave
• And much more!