Cash Application Specialist

We are looking for a Cash Application Specialist to support day-to-day payment posting and receivables activity for a long-term opportunity in Bethesda, Maryland. This position focuses on accurately applying incoming funds, reviewing account activity, and helping keep customer balances current and properly documented. The ideal candidate brings hands-on accounts receivable and cash posting experience, strong attention to detail, and the ability to manage deadlines in a fast-paced environment.

Responsibilities:
• Review daily bank deposit information received from multiple channels to ensure timely processing.
• Apply incoming payments from multiple sources, including lockbox, wire activity, electronic remittance platforms, and other payment streams.
• Research unapplied cash and credit balances, then resolve discrepancies to complete posting to accounts.
• Examine payments to confirm the proper account coding and support accurate ledger allocation.
• Update and maintain banking details as required.
• Administer records associated with the auto-debit program, including routine updates and data maintenance.
• Record approved bad debt adjustments and process returned payment items in accordance with established procedures.
• Prepare journal entries and complete additional cash application or accounts receivable tasks as needed by the team.