Financial Specialist- Payment Application & Processing

CORE RESPONSIBILITIES AND TASKS

CORE RESPONSIBILITY - Cash Application

• Accurately resolve "exceptions" on customers payments in High Radius (HRC)
• Optimize cash flow through timely and accurate cash application of customer payments
• Ensure payment application accuracy by identifying and resolving discrepancies at the time of payment posting
• Promote credibility by ensuring properly reflected customer statements through precise and consistent cash application practices
• Post and apply payments from various sources including POS terminals, ACH, EFT, and Wire receipts

CORE RESPONSIBILITY - Reconciliation

• Initiate professional contact with field personnel and customers as needed to obtain remittance advice
• Partner with Accounting personnel to reconcile open payment reports
• Assist in 3^rd party audits related to internal customer payments
• Reconcile bank statements against cash received in various ERP systems
• Reconcile complex payment remits on major accounts

CORE RESPONSIBILITY - Process Improvement and Documentation

• Assist the Cash App Manager in identifying needed process improvements in the appropriate ERP
• Facilitate ease of research for Credit Management though succinct explanations on chargebacks and deductions
• Maintain both physical and digital records to support corporate and 3^rd party audits, including ARJV authorizations, bank reports and other records as directed by Cash Application Manager
• Other tasks as assigned.

FORMAL EDUCATION:

Required:

• High School Diploma

Preferred:

• Bachelor's Degree

KNOWLEDGE & EXPERIENCE:

Required:

• Knowledge of finance and accounting in an AR setting
• Aptitude in critical thinking and/or business problem-solving

Preferred:

• Accounting experience
• Business communications experience
• SW store, branch, or facility experience
• Customer service experience

SKILLS/TECHNICAL REQUIREMENTS:

Required:

• Ability to independently solve practical problems while dealing with a variety of concrete variables
• Ability to follow cash application instructions via written and oral communication
• Organizational and time management skills to prioritize workload in order to meet deadlines
• Basic Accounting
• Advanced Math Skills
• Advanced level MS Excel Skills

Preferred:

• CPR and/or Oracle cash app training