Cash Application Specialist

Related keywords: remote job accountingsalesforce remote jobremote job finance

Overview

At Mitratech, a leading company that focuses on innovative products for the Legal, Risk, Compliance, and HR sectors, the search is on for a Cash Application Specialist. The company boasts a culture emphasizing diversity and inclusion, with a close-knit team that operates globally. This role is vital for maintaining efficient accounts receivable processes and supporting the overall financial health of the organization.

Job Description

The Cash Application Specialist will take charge of processing and posting incoming payments accurately to customer accounts. The position entails addressing issues such as chargebacks, disputes, and virtual payments, while also aiding in collections. By effectively applying payments, the specialist will ensure that funds are aligned with accounts properly, which is crucial for a healthy cash flow and accurate financial reporting.

Responsibilities

The essential duties associated with this role include:

• Processing and posting customer payments received through various modes including checks, ACH, wire transfers, credit cards, and autopay services.
• Matching payments to invoices and resolving any discrepancies or unapplied cash resulting from the payment process.
• Maintaining detailed records of cash receipts as well as any adjustments made to accounts.
• Collaborating with other teams such as collections, sales, and customer service to address and resolve payment-related issues.
• Performing daily reconciliations and creating accurate reports regarding cash application activities.
• Investigating and resolving any short payments, misapplied funds, or deductions as they arise.
• Assisting with collections and handling chargebacks and disputes as needed.
• Building strong relationships with various departments within the organization, including Sales, Sales Operations, Revenue, Professional Services, and Customer Success teams.

Required Skills

Candidates looking to apply for the Cash Application Specialist role should possess the following skills and qualifications:

• A minimum of 2 to 3 years of experience in cash applications or accounts receivable.
• Familiarity with Salesforce and NetSuite is preferred.
• A keen attention to detail coupled with strong analytical skills is essential for this position.
• Excellent customer service aptitude and effective interpersonal skills are critical for dealing with various stakeholders within the company.
• Fluency in English (both written and verbal) is required to ensure effective communication.
• Strong critical thinking and problem-solving abilities are necessary to navigate the complexities of cash application processes.
• Knowledge of banking procedures alongside familiarity with online payment systems is a strong advantage.
• Proficiency in Microsoft Excel, especially knowledge of VLOOKUP, pivot tables, and other basic formulas, is required.

Education

While not mandatory, candidates with a Bachelor's Degree in Finance, Accounting, or a related business field will likely be favored.

Company Culture

Mitratech's culture is described as an innovative blend of entrepreneurial spirit and enterprise maturity, promoting rapid growth and adaptability within a technologically advanced environment. The organization prides itself on its commitment to employee development, offering numerous learning opportunities and promoting a fun, engaging workplace.

As a company with over 35 years of experience, Mitratech is well-regarded, serving 20,000 client companies globally, including 30% of the Fortune 500. This extensive reach signifies a stable and growing organization where employees can thrive.

Why Join Mitratech?

• Joining Mitratech means becoming part of a team that values and promotes resourcefulness, enthusiasm, and fresh perspectives.
• The globally dispersed nature of the team allows for a dynamic working environment, enhancing both personal and professional growth.
• As an equal-opportunity employer, Mitratech is committed to creating a diverse workplace that welcomes individuals from all backgrounds. Diversity, inclusion, and equal opportunity are pivotal aspects of their hiring policy, ensuring that all qualified applicants receive fair consideration regardless of race, gender, or other characteristics.

Conclusion

In conclusion, the Cash Application Specialist position at Mitratech offers an excellent opportunity to grow within a reputable company while developing skills critical to financial operations. Candidates are encouraged to apply if they meet the necessary qualifications and aspire to join a diverse, innovative, and supportive team.

This job offer was originally published on himalayas.app