What are the responsibilities and job description for the Cash Application Specialist position at The Boelter Companies?
CASH APPLICATION SPECIALIST
Location: Pewaukee, WI
Belong to the Boelter community that brings people together...
We value the individual where your unique perspective builds a stronger community and fuels our passion for authentic relationships.
Position Definition:
The Cash Application Specialist will perform daily cash management duties for the company accurately within SAP entry system according to the company's policy and procedures. They will post customer payments from lockbox check information, credit cards, and electronic payments reports. This role requires great attention to detail, along with being able to work in multiple systems and manage a high volume of data entry. This is a hybrid position after the on-site training period.
Primary Responsibilities:
- Performs daily cash management duties in an accurate and timely manner.
- Able to process payments from various cash reports to correct customer accounts and make adjustments as needed.
- Review remittance advice for proper application to customer accounts.
- Closes each batch by reconciling and verifying payments have been posted appropriately.
- Track and research unapplied cash and escalate to team as necessary.
- Receive and complete requests from team members regarding missing payments and inaccurate postings.
- Work with AR Supervisor and accounting to complete month-end reconciliation process.
- Perform additional duties as assigned.
- Must be able to use critical thinking to problem solve on a regular basis.
- Ability to work independently but also follow oral and written instructions.
- Time management skills.
- Ability to meet deadlines with little to no supervision.
- Maintain effective working relationships and communicate clearly with the Finance team and other departments.
- High School Diploma or GED, required.
- Associate degree or accounting experience preferred.
- Experience with basic accounting functions.
- Strong proficiency with Microsoft Office (Microsoft Word, Excel, and Outlook).
- Electronic payment posting experience, preferred.
- Knowledge of SAP, preferred.
