What are the responsibilities and job description for the Cash Processor position at Magnera Corporation?
Overview
Magnera's purpose is to better the world with new possibilities made real. For more than 160 years, the originating companies have delivered the material solutions their partners need to thrive. Through economic upheaval, global pandemics and changing end-user needs, they have consistently found ways to solve problems and exceed expectations. By bringing together these legacy companies, the distinct scale and comprehensive portfolio of products will bring customers more materials and choices. With a combined legacy of resilience, Magnera will build personal partnerships that withstand an ever-changing world.
The Cash Processor is responsible for posting and balancing diverse payment streams – including ACH, wires, and lockbox feeds. In this role, you will work closely with the accounting and finance departments to reconcile accounts, investigate discrepancies, and maintain strict adherence to internal financial controls and corporate governance standards.
Responsibilities
Magnera's purpose is to better the world with new possibilities made real. For more than 160 years, the originating companies have delivered the material solutions their partners need to thrive. Through economic upheaval, global pandemics and changing end-user needs, they have consistently found ways to solve problems and exceed expectations. By bringing together these legacy companies, the distinct scale and comprehensive portfolio of products will bring customers more materials and choices. With a combined legacy of resilience, Magnera will build personal partnerships that withstand an ever-changing world.
The Cash Processor is responsible for posting and balancing diverse payment streams – including ACH, wires, and lockbox feeds. In this role, you will work closely with the accounting and finance departments to reconcile accounts, investigate discrepancies, and maintain strict adherence to internal financial controls and corporate governance standards.
Responsibilities
- Manage the daily cash application process to ensure prompt and precise posting of customer payments received via ACH, wire transfers, and lockbox feeds.
- Reconcile daily cash logs, lockbox files, and merchant settlement reports against customer account balances.
- Identify, research, and resolve payment discrepancies, shortfalls, unapplied cash, and invoice deductions in collaboration with internal stakeholders and customers.
- Maintain organized electronic audit trails for all processed transactions, supporting periodic internal and external audits.
- Collaborate with the treasury and credit management teams to streamline cash processing workflows, and implement automated posting tools.
- Follow all company safety, environmental and regulatory requirements.
- Perform other tasks as assigned.
- Minimum 1-3 years of experience in cash applications, accounts receivable or related field preferred.
- Exceptional attention to detail, strong numerical aptitude and proven problem-solving abilities.
- Excellent written and verbal communication skills.
- Ability to manage multiple priorities in a fast-paced environment.
- Experience with ERP systems and customer portals preferred.
- Proficiency in Microsoft Excel, Word, and PowerPoint.