Bank Reconciliation and Cash Application Specialist

We are looking for a skilled Bank Reconciliation and Cash Application Specialist to join our Credit & Collections team. The role is responsible for ensuring accurate reconciliation of bank accounts and the application of cash receipts to customer accounts. The ideal candidate will have a strong accounting background, attention to detail, and the ability to work in a fast-paced environment.

Cash Application:

• Perform cash management activities, process and apply daily cash receipts (ACH, wire transfers, checks) to customer accounts in the accounting system.
• Reconcile payments received with outstanding invoices.
• Investigate and resolve payment discrepancies, short payments, or overpayments.
• Work with internal teams to ensure accurate recording of transactions.
• Accurately and timely perform daily cash application activities in SAP.
• Support for Intercompany and Netting payment activities.
• Communicate with internal and external customer’s in an effective and efficient manner.

Bank Reconciliation:

• Perform daily, weekly, and monthly reconciliation of bank accounts.
• Identify, research, and resolve discrepancies between bank statements and internal financial records.
• Ensure all transactions are properly recorded and that accounts are balanced.
• Perform account balances prior month end book closing.

Accounts Reconciliation:

• Reconcile accounts receivable ledgers, ensuring that all payments are properly accounted for and posted.
• Prepare monthly reports summarizing cash activities and balances.