Cash Application Specialist

Chem Treat Cash Application Specialist - Glen Allen, VA

This is an onsite role at Chem Treat's facility in Glen Allen, VA.

Schedule:

Monday-Friday, day shift. Overtime or weekends may be required.

Reporting to the Credit & Collections Supervisor, Finance & Accounting, the Cash Application Specialist is responsible for:

• Preparing, posting and reconciling payments made to Chem Treat.
• Accurately posting payments against company receivables using available electronic & paper remit advice via Cash Pro Online, Sales Force Pay Remits mailbox, Blackline, customer contact, and collector interaction.
• Manually posting Canadian, International, and Puerto credit card payments, wires, and lockboxes.

In this role, a typical day will look like:

• Retrieve & download lockbox, ACH & wire data for Domestic, and Puerto Rico from Cash Pro Online, Bank of America Global Advice, and Scotia Connect; research & resolve bank discrepancies.
• Retrieve and print lockbox, ACH & wire data from banking sites; research & resolve bank discrepancies.
• Reconcile deposit against daily tape; scan check using remote scanner; reconcile balance discrepancies; retrieve & print deposit data from banking site and distribute miscellaneous income deposits to the Accounting Department.
• Accurately post AR payments and resolve exceptions.
• Mail Canadian checks to Scotia Bank.
• Monitor when the Canadian checks are deposited to Scotia Bank and contact the Accounting Department of the miscellaneous income in the lockbox deposit.
• Review & prepare invoice adjustments; obtain appropriate authorization; accurately post adjustments and manual applies against company invoices.
• Review & prepare cash applications; accurately post applications against company invoices via Blackline Automation.
• Retrieve, review, and upload credit card payments via excel spreadsheet; resolve exceptions.
• Submit EFT requests to vendors, review and process chargebacks, post and last day cash on Saturday, and assist collections with root-cause analysis on invoices/payments.

• Send out W9 information.
• Review Pay Remits box and incoming emails to move to the ACH reviewed mail box to assist in posting payments.
• Contact customers using incorrect mailing addresses for checks and remits to provide them with the correct information.
• Coordinate with accounting to review discrepancies and variances for cash applications, bank chargebacks and reversals.
• Work with the Compliance director to provide AR Cash information requested by Auditors.
• Update cash totals with cash receipts daily for US, International, Puerto, CAD, Credit Cards, and Remote Deposits, and weekly for Mexico.
• Provide a report weekly to Controller and Credit and Collections Manager.

• A minimum of a High School Diploma or equivalent required; associate degree or bachelor's degree preferred.
• A minimum of 3 years of experience in accounting or a related field.

• Knowledge of basic accounting concepts.
• Cash application and/or cash disbursement experience.
• Ability to adapt to a fast-paced, high volume environment.
• Strong computer skills including Excel & Word.
• Technical, analytical skills and business knowledge.
• Strong interpersonal communication skills.
• Ability to communicate cross-functionally.

The compensation range for this role is $24–$25 USD per hour.

We offer a comprehensive benefits package that includes paid time off, medical/dental/vision insurance, and a 401(k) to eligible employees.

Veralto Corporation and all Veralto Companies are committed to equal opportunity regardless of race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender identity, or other characteristics protected by law.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us at  to request accommodation.

EEO posters are available.