At-a-Glance:
Are you ready to build your career by joining an international food and beverage company. If so, our client is hiring a Cash Application Analyst.
Position Type:
Required
- Required Qualifications
- 2+ years of experience in cash applications, accounts receivable, order-to-cash, or a related finance operations environment.
- Strong understanding of cash application processes and accounts receivable transactions.
- Demonstrated experience identifying and implementing process improvements.
- Strong analytical, problem-solving, and root-cause analysis skills.
- Experience working with ERP and/or accounts receivable systems.
- Advanced Excel skills, including the ability to analyze large data sets and identify trends or process opportunities.
- Strong attention to detail and commitment to accuracy.
- Excellent communication and cross-functional collaboration skills.
- Ability to manage multiple priorities and work effectively in a deadline-driven environment.
- Preferred Qualifications
- Experience with automation technologies such as RPA, or AI-enabled finance solutions.
- Experience with ERP platforms such as SAP/S4 Hana
- Familiarity with bank, lockbox and payment processing
- Core Competencies
- Cash Application Expertise:
- Strong understanding of payment processing, account reconciliation, unapplied cash, and AR operations.
- Process Improvement:
- Ability to evaluate current-state processes, identify inefficiencies, and design improved future-state processes.
- Automation Mindset:
- Ability to recognize opportunities where technology can eliminate manual work, improve accuracy, and increase scalability.
- Problem Solving:
- Strong ability to investigate issues, determine root causes, and develop sustainable solutions.
Responsibilities:
- Cash Application Analyst is responsible for supporting accurate and timely application of customer payments while identifying and implementing process improvements that increase efficiency, automation, accuracy, and overall cash application performance.
- Role combines hands-on cash application expertise with analytical and process improvement capabilities, including the use of automation and technology to streamline transactional activities and reduce manual effort.
- Will work cross-functionally with Accounts Receivable and business stakeholders to identify opportunities, develop solutions, implement automation, and establish sustainable processes.
- Perform and/or oversee the accurate and timely application of customer payments to accounts receivable, including lockbox, ACH, and other payment methods.
- Research and resolve unapplied cash, unidentified payments, short payments, deductions, and account discrepancies.
- Analyze cash application processes to identify opportunities for standardization, automation, error reduction, and improved cycle times.
- Lead or support process improvement initiatives designed to reduce manual transactions and improve cash application efficiency.
- Identify repetitive, rules-based activities suitable for automation using available technologies such as robotic process automation (RPA), workflow tools, ERP functionality, artificial intelligence, or other digital solutions.
- Perform root-cause analysis and implement corrective actions to address recurring payment application issues.
- Support automation initiatives impacting Accounts Receivable and cash application.
