What are the responsibilities and job description for the Financial Operations/Clerk III position at TalentBurst, Inc.?
Title : Cash Application Specialist
Location : Austin, TX 78727
Duration : 6 Months
35787757
Hybrid schedule, Tues-Thurs on site reporting to Austin, TX campus Candidate should have 5-8 years of CA experience and knowledge of SAP system. Preferred : Bachelor's degree in Accounting, Finance, or related field.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 :
o In-depth understanding of applying various types of payments (checks, ACH, wire transfers).
o Cash flow between system to system and reconcile with ease.
2. ERP / Financial Systems Proficiency :
o Expertise in ERP systems such as SAP, Banks, or other similar platforms used for cash application and accounting.
o Proficiency in Excel for advanced data manipulation (pivot tables, vlookups, etc.) and reporting.
3. Reconciliation Skills :
o Strong understanding of financial reconciliation processes, including the ability to match payments with invoices and resolve discrepancies.
4. Attention to Detail :
o High attention to detail to ensure payments are accurately applied, and discrepancies are identified and corrected.
5. Communication Skills :
o Strong verbal and written communication skills to interact with customers, vendors, and internal teams, especially when addressing payment issues or disputes.
6. Problem-Solving :
o Strong troubleshooting and problem-solving skills to quickly identify the root cause of payment discrepancies and take corrective actions.
7. Time Management :
o Ability to prioritize and manage multiple tasks, especially in a high-volume environment, ensuring timely and accurate cash posting.
8. Industry Knowledge :
o Familiarity with the specific industry's payment processes (e.g., service, retail, B2B) can be an added advantage. "
Required Skills : CLERK
FINANCIAL OPERATIONS
TB_EN
