Senior Cash Applications Specialist

Centric Brands is a leading lifestyle brand collective that designs, sources, markets and sells high quality products in multiple segments, including women’s, men’s and kid’s apparel, accessories, entertainment and beauty. Centric Brands is focused on our customers and our brands that will drive the company’s future growth. We are defined by innovation as we seize new opportunities and thrive in an environment informed by creativity and thinking that is both analytical and outside the box.

Centric Brands reflects a team built on respect, for others and for the hard work it takes to achieve our goals and build our bright future together.

Whether you are an entry-level Analyst or our CFO, a career in Finance with Centric Brands will give you exciting opportunities to impact our bottom-line results. Our Finance team supports the business in a variety of ways – from P&L statements to budget projections and forecasts, cost analyses, vendor and supplier billing and even payroll. A career here can provide you with numerous opportunities to advance your career as you work cross-functionally with other teams both internally and externally.

The Senior Cash Applications Specialist is responsible for the accurate and timely application of customer payments within a fast-paced, high-volume Accounts Receivable environment. This position requires strong analytical and problem-solving skills to identify customer remittances, determine appropriate payment application, research discrepancies, and ensure cash is accurately posted and coded.

The successful candidate must be proficient in leveraging automation and manually researching complex customer accounts, resolving unapplied or unidentified cash, understanding deductions and chargebacks, and collaborating across departments to support accurate customer account balances.

This position reports to the Cash Applications Manager.

• Process and apply high volumes of customer payments, including ACH, wire, check, and other electronic payment methods.
• Review and interpret customer remittance information to determine the appropriate application of payments to invoices and other open items.
• Research unidentified or unapplied cash using customer documentation, internal systems, account history, customer portals and other available resources.
• Contact customers when necessary to obtain remittance information or clarify payment details.
• Identify and appropriately code deductions, chargebacks, short payments, over payments, credits, and other payment variances.
• Route deductions, chargebacks, and other exceptions to the appropriate AR team for research and resolution.
• Apply basic accounting principles, including debits and credits, when posting, coding, correcting, or researching transactions.
• Perform payment reversals, reapplications, and account corrections when appropriate and authorized.
• Perform remote deposit functions, including preparation, processing, and verification of customer checks.
• Collaborate with Collections, Credit, Chargebacks/Deductions, Accounting, Customer Service, and other internal departments to research and resolve payment-related issues.
• Maintain clear and accurate supporting documentation and audit trails for cash application activity.
• Escalate complex or unresolved payment discrepancies to the Cash Applications Manager as appropriate.
• Follow established internal controls, segregation-of-duties requirements, and company policies related to cash handling and transaction processing.
• Identify recurring cash application issues and communicate opportunities for process improvement.

• Prior experience in Cash Applications, Accounts Receivable, or a related…