Overview:

Supervise and lead the cash application team, providing guidance, training, and performance evaluations. Foster a positive and productive work environment, encouraging teamwork and continuous improvement.

Job Duties:

• Set clear goals and performance expectations for a team.
• Manage the daily cash application process, ensuring accurate and timely posting of payments, including checks, wire transfer, ACH payments, and credit card transactions.
• Oversee the reconciliation of payment discrepancies and ensure proper handling of unapplied cash.
• Ensure that all payments are posted in compliance with company policies and procedures.
• Identify and implement process improvements to enhance efficiency and accuracy in cash application operations.
• Identify needs for technology and automation to streamline processes and reduce manual intervention.
• Prepare and review daily, weekly, and monthly reports on cash application performance, highlighting key metrics and trends.
• Conduct regular audits to ensure accuracy and compliance with financial controls.
• Provide insights and recommendations to senior management based on data analysis.
• Maintain strong internal controls to safeguard company assets and ensure compliance with accounting principles and regulatory requirements.
• Ensure adherence to company policies and procedures related to cash application and accounts receivable.
• Address issues with EOB retrieval for unapplied cash, set-up ERA/EFT to minmize paper remittances/payments.

Required Qualifications:

• Bachelor's Degree
• 10 years Cash Application experience
• 4 years Managerial Experience
• Must be willing to be in office 5 days a week

Preferred Qualifications:

• Extensive Accounts Receivable background
• Auditing experience

Soft Skills:

• Team player
• Organized
• Excellent communication