Cash Applications Assistant Manager

If you are currently an employee of Herc Rentals, please apply using this link: Herc Employee Career Portal

Founded in 1965, Herc Rentals is one of the leading equipment rental suppliers in North America with 2024 total revenues reaching approximately $3.6 billion. Herc Rentals’ parent company, known as Herc Holdings Inc., listed on the New York Stock Exchange on July 1, 2016, under the symbol “HRI.” Herc Rentals serves customers through approximately 620+ locations and has about 10,200 employees in North America as of June 30, 2025.

Job Purpose

The primary mission of the Asst Manager, Cash Receivables Shared Services is to ensure timely and accurate cash application, manage SOX/compliance, provide leadership to the Shared Services Cash team, maximize working capital, and minimize Days Sales Outstanding "DSO”. Additionally manage 3 party software vendors involved in the Cash Application process, lead projects designed to enhance efficiency and improve team performance.   You will train/mentor the team to meet and exceed departmental objectives and goals, approving account refunds, KPI reporting, performance management and other duties as assigned by management.  Excellent communication skills with internal and external teams and attention to detail are required to maximize returns with Customers.

What You Will Do...

• Leadership Role with Billtrust Cash Application Module to continue to improve various metrics, cash reporting, match rate with Billtrust and to facilitate automatic cash application.
• Driving Unapplied and Unidentified Cash root cause analysis amongst team by providing training and mentoring
• Manage, review and approve daily Recons, and ALL month end procedures  
• Manage Team Performance to Established Goals and Objectives
• Ongoing development of team members
• Maintain awareness of metrics and deliverables among team members
• Utilize appropriate judgment in processing adjustments, credit moves resolving unapplied/unidentified customer payments and refunds.
• Manage and maintain records for Returned Checks, Electronic Payment returns and Credit Card Chargebacks.
• Manage Check Fraud Process
• Manage escheatment process for (all) Shared Services.
• Manage process of 1099 issuance and state and federal reporting 
• Manage escalations for internal/external customers
• Act as a Liaison between third party vendors (Billtrust and Banks) 
• Escalate any Billtrust issues directly to Billtrust-update issue tracker
• Weekly and quarterly Billtrust Access reviews for SOX Compliance

Additional Responsibilities

• Take proactive measures to address changes regarding unapplied/unidentified cash
• Maintain relationships with Internal and External customers to drive efficiencies in processes
• Lead projects and process improvements for Cash Applications & Payments

Requirements

• 2-5 years of Cash Applications Experience
• 2-5 years of Accounts Receivable Experience  
• 2-5 years in a Leadership Role 

Additional Experience

• 2-5 years of Accounting Experience a plus

Educational Background

Bachelor’s Degree in Accounting/Finance Preferred

Skills

• Self-starter, goal driven and ability to multi-task
• Strong Team Leadership, Development and Conflict Management
• Strong People Leader
• Strong Customer Service
• Strong Problem Solver
• Process Improvement Experience
• Advanced Microsoft Excel
• Excellent Verbal and Written Communication
• Strong Organizational and Time Management
• Value-Added Business Contributor 
• Billtrust Cash App-(Preferred)
• AS400-(Preferred)  
• Salesforce
• Service Now
• FISERV
• Various Payment Portals-Coupa, Tulia, Ariba, Delta Airlines, American Airlines 

Req #: 65194

Pay Range: $70,000 - $80,000 

Please be advised that the actual salary offered for any position is subject to the company's sole discretion and may be influenced by various factors, including but not limited to the candidate's qualifications, experience, location, and overall fit for the role.

Herc Rentals values its employees and provides excellent compensation and benefits packages which are not limited to the following.

Keeping You Healthy

Medical, Dental, and Vision Coverage

Life and disability insurance

Flex spending and health savings accounts

Virtual Health Visits

24 Hour Nurse Line

Healthy Pregnancy Program

Tobacco Cessation Program

Weight Loss Program

• Building Your Financial Future
• 401(k) plan with company match
• Employee Stock Purchase Program

Life & Work Harmony

Paid Time Off (Holidays, Vacations, Sick Days)

Paid Parental Leave.

Military leave & support for those in the National Guard and Reserves

Employee Assistance Program (EAP)

Adoption Assistance Reimbursement Program

Tuition Reimbursement Program

Auto & Home Insurance Discounts

Protecting You & Your Family

Company Paid Life Insurance

Supplemental Life Insurance

Accidental Death & Dismemberment Insurance

Company Paid Disability Insurance

Supplemental Disability Insurance

Group Legal Plan

Critical Illness Insurance

Accident Insurance

Herc does not discriminate in employment based on the basis of race, creed, color, religion, sex, age, disability, national origin, marital status, sexual orientation, citizenship status, political affiliation, parental status, military service, or other non-merit factors.