What are the responsibilities and job description for the Cash Application Administrator position at BayOne?
The Administrator, Cash Applications functions on a daily basis to ensure timely and accurate posting of incoming cash.
The daily cash application functions include Lockbox, ACH, Wires, and other Electronic Data Interface (EDI) payments.
The position researches and follow ups on any insufficient remittance detail, updates customers notes relevant to payment transactions.
The Administrator also assists the Accounts Receivable (AR) Collectors to resolve un-posted or misapplied cash issues. A fair amount of research and analysis is required on some complex accounts.
PRIMARY DUTIES AND RESPONSIBILITIES INCLUDE:
Run daily lockbox program, ensuring all cash is posted to correct account/companies.
Review, analyze, and post-process the lockbox data Daily communications with bank to resolve differences.
Maintain proper records of unresolved posting issues Research incoming cash download from accounting and process wires including international.
Write-off clearing, cash/lockbox reconciliation, support audit activities and special projects.
Handle lockbox correspondence, shared mailbox and other duties as they come.
Work with deductions Analyst to correctly identify deductions taken by customers
Build Quality into all aspects of work; strong attention to detail and accuracy
Able to promptly report any non-compliance issues to appropriate administrator.
QUALIFICATIONS/EDUCATION/EXPERIENCE:
Associate degree or an equivalent combination of education and relevant accounts receivable experience (2-5 years).
Related experience in cash application function strongly desired Detail Orientated Strong Work Ethic Ability to prioritize tasks in a fast-paced environment.
Customer Focused Teamwork and Collaboration Skills Strong interpersonal, oral and written communication skills.
Experience with JDEdwards a plus. Intermediate skills with Microsoft Office products such as Outlook, Word, Excel and Power Point.
The daily cash application functions include Lockbox, ACH, Wires, and other Electronic Data Interface (EDI) payments.
The position researches and follow ups on any insufficient remittance detail, updates customers notes relevant to payment transactions.
The Administrator also assists the Accounts Receivable (AR) Collectors to resolve un-posted or misapplied cash issues. A fair amount of research and analysis is required on some complex accounts.
PRIMARY DUTIES AND RESPONSIBILITIES INCLUDE:
Run daily lockbox program, ensuring all cash is posted to correct account/companies.
Review, analyze, and post-process the lockbox data Daily communications with bank to resolve differences.
Maintain proper records of unresolved posting issues Research incoming cash download from accounting and process wires including international.
Write-off clearing, cash/lockbox reconciliation, support audit activities and special projects.
Handle lockbox correspondence, shared mailbox and other duties as they come.
Work with deductions Analyst to correctly identify deductions taken by customers
Build Quality into all aspects of work; strong attention to detail and accuracy
Able to promptly report any non-compliance issues to appropriate administrator.
QUALIFICATIONS/EDUCATION/EXPERIENCE:
Associate degree or an equivalent combination of education and relevant accounts receivable experience (2-5 years).
Related experience in cash application function strongly desired Detail Orientated Strong Work Ethic Ability to prioritize tasks in a fast-paced environment.
Customer Focused Teamwork and Collaboration Skills Strong interpersonal, oral and written communication skills.
Experience with JDEdwards a plus. Intermediate skills with Microsoft Office products such as Outlook, Word, Excel and Power Point.
