Cash Application Specialist

Ensure accurate processing and application of daily cash receipts while reconciling payments, resolving discrepancies, and maintaining customer account records. Collaborate with internal teams and external partners, support month-end close, assist with audits, and utilize ERP systems to streamline transactions and improve efficiency.

Client Details

With over 285 years of expertise, a leading brand has crafted premium kitchen essentials, including cutlery, cookware, flatware, glassware, and gadgets, enhancing the cooking experience for professionals and home chefs. Rooted in tradition, quality, innovation, and craftsmanship, it continues to set industry standards.

Description

• Accurately process and apply daily cash receipts (ACH, wire transfers, checks, credit card payments) to customer accounts.
• Reconcile payments with invoices, ensuring proper allocation of funds.
• Research and resolve unapplied or misapplied payments, short payments, and deductions.
• Communicate with customers, internal departments (sales, customer service, credit & collections), and banks regarding payment discrepancies.
• Process chargebacks, deductions, and adjustments in compliance with company policies.
• Maintain and update customer accounts, ensuring proper documentation of payment transactions.
• Support month-end close by reconciling AR and cash application transactions.
• Assist with audits by providing necessary documentation and reports.
• Utilize ERP systems (SAP, Oracle, NetSuite, or similar) and customer portals to process transactions.
• Identify process improvement opportunities to enhance efficiency and accuracy.

Profile

• 2+ years of experience in cash application, accounts receivable, or a related finance role, preferably in a CPG, retail, or distribution environment.
• Strong understanding of accounts receivable processes, chargebacks, and deductions.
• Proficiency in ERP systems (SAP, Oracle, JD Edwards, NetSuite, etc.) and customer portals (Retailer-specific portals, Ariba, etc.).
• Excellent analytical and problem-solving skills.
• Strong attention to detail and accuracy in data entry.
• Ability to multitask and prioritize workload in a fast-paced environment.
• Proficiency in Microsoft Excel (pivot tables, VLOOKUP, etc.).
• Strong communication and interpersonal skills

Job Offer

Competitive pay and a strong benefits package.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.