What are the responsibilities and job description for the Cash Application Specialist position at Style Crest Enterprises Inc?
Style Crest is seeking a highly organized and detail-oriented Cash Application Specialist to join our team. This role will be responsible for managing all aspects of cash application, ensuring accurate and timely processing of customer payments and deductions. The ideal candidate will work closely with internal teams, customers, and third-party vendors to maintain smooth cash flow operations and resolve discrepancies.
Style Crest has a 50-year tradition of growth and innovation in the building products industry. The organization has a commitment to the manufactured housing industry and the residential exterior cladding market with an extensive product offering and a dedicated service platform that customers count on to support the success of their businesses.
Responsibilities :
- Cash Application & Deductions : Independently administer cash application postings, ensuring timely and accurate creation, recording, and notification of deductions as they occur.
- Relationship Management : Develop and maintain professional relationships with customers, internal departments (sales, customer service, accounting, finance), third-party cash sources, and banking partners. Communicate effectively with all levels of the organization.
- Subject Matter Expertise & Training : Provide guidance, coaching, and training to team members on best practices for cash application, troubleshooting payment posting, and addressing cash verification issues.
- Cash Verification : Oversee day-to-day activities in cash verification, ensuring prompt resolution of open AR items for cash, ACH, wire, and credit card deposits.
- Month-End Close : Manage month-end close deadlines by accurately recording and reconciling ledger entries as directed by the Finance team.
- Vendor & Bank Coordination : Work directly with banks and third-party vendors to ensure smooth cash handling operations and address any operational issues.
- Multi-source Cash Management : Effectively manage multiple cash sources and bank accounts (lockbox, wires, ACH, credit cards, and branch location deposits).
- Issue Resolution & Trend Analysis : Recognize trends, investigate root causes, and resolve discrepancies to improve processes and meet key performance metrics.
- Cross-functional Collaboration : Partner with business, operations, and technology teams to implement scalable cash application processes and solutions.
- Acquisition Support : Assist with cash operations for new and existing acquisitions, ensuring seamless integration into existing processes.
- Compliance & Auditing : Ensure compliance with internal policies, regulatory requirements, and audit standards. Reconcile bank statements with the Cash Book and General Ledger.
- Special Projects & Research : Assist with audits, accounting projects, and resolving unidentified or unposted cash errors.
- Other duties as assigned.
Qualifications :
Benefits
Style Crest is committed to providing equal employment opportunities to all employees and applicants without regard to race, color, religion, sex, national origin, age, disability, or any other characteristic protected by applicable law. We ensure fair treatment in all aspects of employment, including recruitment, hiring, training, promotion, and compensation. Our commitment to diversity and inclusion fosters a workplace where every individual is valued and respected.
PI258741389
