AR Cash Applications Analyst

Job Summary

The AR Cash Applications Analyst verifies all payments, refunds, and adjustments are properly applied to accounts. The AR Cash Applications Analyst will also confirm all invoices are posted and bank records are reconciled to maintain accurate reports for management review and audits

Job Duties and Responsibilities

• Verifies deposits and prepares documents for posting in accordance with standard procedure.

• Processes remittance information from checks, drafts, credit cards, and wire transfers presented to the company for payment.

• Reviews instructions accompanying items to determine proper disposition.

• Credits accounts in accordance with standard procedure.

• Completes daily reconciliation to verify cash in account matches cash applied to the ERP system.

• Assists in stale reconciliation to improve General Ledger and Subledger efficiency.

• Reviews and processes all approved receivable adjustments for payment reapplication and writes off and works with the collections team to eliminate unidentified payments and unapplied credit and debit memos.

• Performs weekly sales analysis and prepares invoice register for audit.

• Provides monthly control totals required for accounting and reconciliation.

• Prepares and generates various scheduled and special reports and participates in special projects relating to the activities of the unit.

• Assists in the performance of internal audits by preparing information and reports for examiners and reviews information collected in reply to auditor's request for data.

• Perform other related duties as assigned by management.

Skills

• Basic accounting knowledge, and data processing skills.

• Strong Excel skills.

• Ability to communication effectively and problem-solving experience.

• Self-motivated with strong interpersonal skills.

• Attention to detail a must in processing paperwork.

Education

• Required: High school diploma, GED or equivalent.

• Preferred: Associates Degree in Accounting or Finance.

Work Experience

• Required: 3 years of Cash Application or Accounts Receivable experience.

Physical Requirements

• Ability to handle high levels of stress and a highly developed sense of urgency.

• Prolonged periods sitting at a desk and working on a computer.

• Ability to lift up to 15 pounds at times.

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