Finance Specialist- Cash Application
Finance Specialist- Cash Application
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Job Description
The Finance Specialist Cash Application is a fulltime opportunity within the Enterprise Financial Services (EFS) team of Group Finance. The position is responsible for cash application activities for Accounts Receivable (AR) on behalf of Paint Stores Group (PSG) Performance Coatings Group (PCG) and Consumer Brands Group (CBG). The successful candidate will have direct contact with our internal and external customers; build relationships with the sales organization and collaborate with finance colleagues of The SherwinWilliams Company.
Because this role involves access to confidential financial information the Company has determined that a review of criminal history is necessary to protect the business and its operations and reputation and to provide similar protections for its clients and potential investments.
CORE RESPONSIBILITIES AND TASKS
CORE RESPONSIBILITY Cash Application
- Accurately resolve exceptions on customers payments in High Radius (HRC)
- Optimize cash flow through timely and accurate cash application of customer payments
- Ensure payment application accuracy by identifying and resolving discrepancies at the time of payment posting
- Promote credibility by ensuring properly reflected customer statements through precise and consistent cash application practices
- Post and apply payments from various sources including POS terminals ACH EFT and Wire receipts
CORE RESPONSIBILITY Reconciliation
- Initiate professional contact with field personnel and customers as needed to obtain remittance advice
- Partner with Accounting personnel to reconcile open payment reports
- Assist in 3rd party audits related to internal customer payments
- Reconcile bank statements against cash received in various ERP systems
- Reconcile complex payment remits on major accounts
CORE RESPONSIBILITY Process Improvement and Documentation
- Assist the Cash App Manager in identifying needed process improvements in the appropriate ERP
- Facilitate ease of research for Credit Management though succinct explanations on chargebacks and deductions
- Maintain both physical and digital records to support corporate and 3rd party audits including ARJV authorizations bank reports and other records as directed by Cash Application Manager
- Other tasks as assigned.
Qualifications
FORMAL EDUCATION:
Required:
- High School Diploma
Preferred:
- Bachelors Degree
KNOWLEDGE & EXPERIENCE:
Required:
- Knowledge of finance and accounting in an AR setting
- Aptitude in critical thinking and/or business problemsolving
Preferred:
- Accounting experience
- Business communications experience
- SW store branch or facility experience
- Customer service experience
SKILLS/TECHNICAL REQUIREMENTS:
Required:
- Ability to independently solve practical problems while dealing with a variety of concrete variables
- Ability to follow cash application instructions via written and oral communication
- Organizational and time management skills to prioritize workload in order to meet deadlines
- Basic Accounting
- Advanced Math Skills
- Advanced level MS Excel Skills
Preferred:
- CPR and/or Oracle cash app training
Required Experience:
Unclear Seniority
Employment Type
Full Time
