Cash Posting Associate

Job Description

JOB DETAILS

REQUIREMENTS

• High school diploma or equivalent
• Associates or Bachelor’s degree in a Finance related field preferred
• No experience in cash posting necessary
• Must be self-motivated and detail oriented
• Must have excellent communication skills
• Must be highly organized with ability to multi-task
• Must have analytical skills and the ability to collect information from different sources
• Effectively use Microsoft Office (Word, Excel, PowerPoint, Outlook, etc.)

RESPONSIBILITIES

• Utilizes AR software to process cash application manually or electronically (835 file).
• Utilizes document management software to prioritize and process transactions daily.
• Updates and reconciles cash log to capture all cash deposits for the month and prior month’s unapplied payments.
• Obtains and analyzes guarantor remittance advices for accurate cash posting purposes.
• Processes and posts payments, liability transfers, and small balance sales adjustments in a timely manner.
• Reconciles processed payments and update cash log to ensure posting accuracy
• Maintains supporting documentation (Treasury reports, payment registers, remittance advices, etc.) for all cash posting transactions.
• Researches, escalates, and resolves any posting discrepancies.
• Notifies supervisor of payment reconciliation issues or posting delays.
• Participates and/or facilitates meetings with key staff to discuss issues impacting cash application.
• Assists with the resolution of any posting issues that could impact the monthly sub ledger close.
• Coordinates and performs month-end sub ledger close.
• Maintains accounts receivable processing manual and reference materials.
• Ensures internal control compliance with all assigned areas and other audit requirements.
• Assists in the onboarding of new hires and provide training and technical assistance to assigned worker(s) as needed.
• Embraces concept mentoring by actively participating in team meetings and fostering an environment in which team members proactively collaborate with one another.
• Proactively supports management as well as the objectives and goals of the department.
• Supports special projects, mission critical initiatives and performs other duties as assigned by the Supervisor.
• Perform system testing

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