Cash Application Specialist

We are seeking detail-oriented and analytical contractors to support project-based initiatives within the Cash Applications team. This role will focus on analyzing payment data, identifying process improvement opportunities, and supporting system enhancements to optimize cash application workflows. Ideal candidates will have strong Excel skills, experience with ERP systems, and a background in finance or accounting operations.

• Analyze large volumes of payment and remittance data to identify trends, discrepancies, and automation opportunities.
• Support reconciliation efforts between bank statements, lockbox files, and customer accounts.
• Collaborate with internal teams (Accounts Receivable, IT, Treasury) to streamline cash application processes.
• Prepare reports and dashboards to communicate findings and progress to management.
• Support ad hoc analytical requests and project deliverables as assigned.

• Bachelor’s degree in Finance, Accounting, Business Analytics, or related field (or equivalent experience).
• 2+ years of experience in cash applications, accounts receivable, or financial analysis.
• Proficiency in Excel (pivot tables, VLOOKUP, formulas); experience with data visualization tools is a plus.
• Familiarity with ERP systems (e.g., SAP, Oracle, Net Suite) and banking platforms.
• Strong analytical and problem-solving skills.
• Excellent communication and documentation abilities.
• Ability to work independently and manage multiple priorities in a fast-paced environment.

• Experience with automation tools (e.g., RPA, Power Automate).
• Knowledge of lockbox processing and electronic payment formats (ACH, wire, credit card).
• Prior project work in finance transformation or system implementation.
• Experience with High Radius cash application software.
• Familiarity with Bank of America Cash Pro platform.