Cash Application Specialist

Job Description
The Cash Application Specialist’s primary responsibility is to ensure that incoming cash is recorded timely and accurately on a daily basis. This position works cross functionally and collaboratively to establish efficient processes that contribute to keeping Accounts Receivable balances clean and the general ledger in balance.
The responsibilities of this position shall consist of, but not be limited to, the following:
Generate the daily bank reports that provide support for the days incoming cash
Daily processing of incoming cash to customer accounts. Payment types include EFTs, initiating ACH payments, lockboxes, wire transfers, credit card authorizations and remote deposits.
Payments are properly credited to customer accounts applying terms discount, creating residuals for short paid invoices and creating deductions to proper branches per remittance details
Provide payment support to Accounts Receivable for short paid invoices and deductions
Process credit card authorizations and communicate to credit for release of Cash in Advance and Credit Card Only orders
Maintain confidential credit card information on the virtual gateway payment system
Process cash application requests from Accounts Receivable
Update customer master banking information for customers that pay by ACH Pull
Collaborate with logistics for posting freight claim payments and clearing denied claims
Perform a daily review of general ledgerbalances by bank account to proactively identify posting issues
Perform a daily review of parent customer accounts to ensure all transactions are properly assigned to a branch
Performs other duties and responsibilities as necessary