Cash Applications Specialist
Rawlings Sporting Goods, Saint Louis, MO, United States
Cash Applications Specialist
Position is responsible for updating AR system with interface from banks and applying payments from customers for both Rawlings US and Canada. This position will research, analyze, and identify customer payments and deductions and implement corrective action plans. Duties and Responsibilities: Identify customer payments and deductions and code within the ERP system. Work with Collection specialists and customers on unidentified cash Work with AR team to timely identify and analyze customer deductions. Handle reconciliation of payments and funds received at the bank. Communicate with bank lockbox personnel and obtain all documents for adjustments related to lockbox account. Research inquiries from A/R team and make corrective entries when necessary. Reconcile and process online credit card payment portal for customer invoice payments and cash-in-advance orders. Manage online payment portal for addition/deletion of customers, trouble shoot issues and work closely with third party consultants. Reconcile bank deposits daily from credit card processor and ensure accurate application to the direct to consumer A/R accounts. Manage bank accounts daily to include the downloading of checks and statements. Review EOD balance to ensure GL/Bank Statement reconcile daily. Review next day EOD reconciliation to ensure capture of any late deposits. Download previous day batches for audit purposes. Manage unapplied cash and process all offsets/GL write-offs. Process weekly write-off of freight and cash tolerance, report w/o balances to accounting team. Provide value added services internally through team-based customer support. Knowledge, Skills and Abilities: High school diploma or equivalent required; college degree preferred Minimum 1-3 years Account Receivable, Banking or Cash Application experience ERP experience required (JD Edwards E1 preferred) Excellent communication (written and verbal), analytical, and interpersonal skills Strong computer skills, including proficiency in Microsoft Excel Ability to handle multiple tasks under tight timelines High level of integrity and ethical standards Working Conditions and/or Physical Requirements: Professional, office environment. Occasional non-standard work hours or overtime as business requires at month-end and/or seasonally.
Position is responsible for updating AR system with interface from banks and applying payments from customers for both Rawlings US and Canada. This position will research, analyze, and identify customer payments and deductions and implement corrective action plans. Duties and Responsibilities: Identify customer payments and deductions and code within the ERP system. Work with Collection specialists and customers on unidentified cash Work with AR team to timely identify and analyze customer deductions. Handle reconciliation of payments and funds received at the bank. Communicate with bank lockbox personnel and obtain all documents for adjustments related to lockbox account. Research inquiries from A/R team and make corrective entries when necessary. Reconcile and process online credit card payment portal for customer invoice payments and cash-in-advance orders. Manage online payment portal for addition/deletion of customers, trouble shoot issues and work closely with third party consultants. Reconcile bank deposits daily from credit card processor and ensure accurate application to the direct to consumer A/R accounts. Manage bank accounts daily to include the downloading of checks and statements. Review EOD balance to ensure GL/Bank Statement reconcile daily. Review next day EOD reconciliation to ensure capture of any late deposits. Download previous day batches for audit purposes. Manage unapplied cash and process all offsets/GL write-offs. Process weekly write-off of freight and cash tolerance, report w/o balances to accounting team. Provide value added services internally through team-based customer support. Knowledge, Skills and Abilities: High school diploma or equivalent required; college degree preferred Minimum 1-3 years Account Receivable, Banking or Cash Application experience ERP experience required (JD Edwards E1 preferred) Excellent communication (written and verbal), analytical, and interpersonal skills Strong computer skills, including proficiency in Microsoft Excel Ability to handle multiple tasks under tight timelines High level of integrity and ethical standards Working Conditions and/or Physical Requirements: Professional, office environment. Occasional non-standard work hours or overtime as business requires at month-end and/or seasonally.