Cash Application Analyst

Job Description

Job Description

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* At-a-Glance:**

Are you ready to build your career by joining an international food and beverage company. If so, our client is hiring a Cash Application Analyst.

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* Position Type:**

• Contract
• Onsite

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* Required
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• Required Qualifications
• * 2+ years of experience in cash applications, accounts receivable, order-to-cash, or a related finance operations environment.
  • Strong understanding of cash application processes and accounts receivable transactions.
  • Demonstrated experience identifying and implementing process improvements.
  • Strong analytical, problem-solving, and root-cause analysis skills.
  • Experience working with ERP and/or accounts receivable systems.
  • Advanced Excel skills, including the ability to analyze large data sets and identify trends or process opportunities.
  • Strong attention to detail and commitment to accuracy.
  • Excellent communication and cross-functional collaboration skills.
  • Ability to manage multiple priorities and work effectively in a deadline-driven environment.
• Preferred Qualifications
• * Experience with automation technologies such as RPA, or AI-enabled finance solutions.
  • Experience with ERP platforms such as SAP/S4 Hana
  • Familiarity with bank, lockbox and payment processing
• Core Competencies
• Cash Application Expertise:
• * Strong understanding of payment processing, account reconciliation, unapplied cash, and AR operations.
• Process Improvement:
• * Ability to evaluate current-state processes, identify inefficiencies, and design improved future-state processes.
• Automation Mindset:
• * Ability to recognize opportunities where technology can eliminate manual work, improve accuracy, and increase scalability.
• Problem Solving:
• * Strong ability to investigate issues, determine root causes, and develop sustainable solutions.

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* Responsibilities:**

• Cash Application Analyst is responsible for supporting accurate and timely application of customer payments while identifying and implementing process improvements that increase efficiency, automation, accuracy, and overall cash application performance.
• Role combines hands-on cash application expertise with analytical and process improvement capabilities, including the use of automation and technology to streamline transactional activities and reduce manual effort.
• Will work cross-functionally with Accounts Receivable and business stakeholders to identify opportunities, develop solutions, implement automation, and establish sustainable processes.
• Perform and/or oversee the accurate and timely application of customer payments to accounts receivable, including lockbox, ACH, and other payment methods.
• Research and resolve unapplied cash, unidentified payments, short payments, deductions, and account discrepancies.
• Analyze cash application processes to identify opportunities for standardization, automation, error reduction, and improved cycle times.
• Lead or support process improvement initiatives designed to reduce manual transactions and improve cash application efficiency.
• Identify repetitive, rules-based activities suitable for automation using available technologies such as robotic process automation (RPA), workflow tools, ERP functionality, artificial intelligence, or other digital solutions.
• Perform root-cause analysis and implement corrective actions to address recurring payment application issues.
• Support automation initiatives impacting Accounts Receivable and cash application.