Cash Management Specialist

Career Area:

Job Description:

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar yourejoining a global team who cares not just about the work we do but also about each other. We are the makers problem solvers and future world builders who are creating stronger more sustainable communities. We dontjust talk about progress and innovation here we make it happen with our customers where we work and live. Together we are building a better world so we can all enjoy living in it.

Your Work Shapes the World at Caterpillar Inc.

Our common values and focus on inclusion and respect drive the decisions made by our company teams and people. This is why we are committed to hiring and building diverse teams representative of the customers we serve globally. When you join our team you can apply your unique life and job experiences and work in an environment where your ideas are heard your contributions are celebrated and your whole-self matters.

When you join Caterpillar youre joining a global team who cares not just about the work we do but also about each other. We are the makers problem solvers and future world builders who are creating stronger more sustainable communities. We dont just talk about progress and innovation here we make it happen with our customers where we work and live. Together we are building a better world so we can all enjoy living in it.

About Cat Financial

Cat Financial is a subsidiary of Caterpillar Inc. the worlds leading manufacturer of construction and mining equipment off-highway diesel and natural gas engines industrial gas turbines and diesel-electric locomotives. For more than 40 years Cat Financial has provided a wide range of financing solutions to customers and Cat dealers for machines engines Solar gas turbines genuine Cat parts and services. Headquartered in Nashville Tennessee Cat Financial serves customers globally with offices and subsidiaries located throughout North and South America Asia Australia Europe and Africa. Visit to learn more about Cat Financial.

Role Definition
Apply funds received from Caterpillar Financial Commercial Account (CFCA) Caterpillar Financial Services Limited (CFSL) and Caterpillar Financial Services Corporation (CFSC) customers dealers and third parties in a timely and accurate manner.

Responsibilities:
Executes tasks needed for cash application implementation.
Provide technical support for service representative sales and account management regarding cash application services.
Provides guidance on the cash application process.
Execute and apply existing cash application processes in compliance with established regulations and policies.

Sets up receives and processes Lockbox payments as well as ACH Wire and other electronic payments.

Maintains a stated cash application accuracy rate and turnaround time assigned by the Cash Management Manager.

Conducts basic research identification and processing of manual and scannable cash receipts from lockboxes utilizing Intranet / Internet capabilities.

Knowledge of and ability to navigate through Salesforce TSYS and JPM Access.

Responsible for the ICUC Que for checks or transfers to account that are invoice bill accounts.

Daily wire reporting for tracking all Cat Card incoming and outgoing funds as reported on our Treasury Statements for both CFCA and CFSL.

Other responsibilities include but are not limited to:

Making cases for VIP accounts.

Applying payments to non VIP accounts.

Making cases for payments with invoices missing in TSYS.

Attaching checks and dealer invoices to cases for Customer Relations.

Using excel sheet to carve out payors and payment amounts for incoming and outgoing money.

Highlighting all VIP account payments and payments that need to be applied in TSYS.

Create and distribute cases to the corresponding VIP account managers.

Apply non VIP payments in TSYS.

Look for account numbers for payments with missing information.

Answer messages from other teammates on the receival of wires.

May be responsible for basic reconciliations and research on CFCA accounts requested and per business need. May be required to perform basic research and resolution on current unapplied funds as business need requires and as other workload responsibilities permit. May develop cash application procedures and training documentation. May train new Cash Management employees. Participates in the accomplishment of continuous improvement objectives for the department. Progress toward accomplishment of objectives is measured through maintenance of necessary measurements and analysis of associated data. Participates in the identification of problem areas and development of resolutions to address them.

Degree Requirement
Degree or equivalent experience desired

Skill Descriptors
Business Math: Knowledge of mathematical concepts; ability to apply mathematics appropriately to business transactions.
Level Working Knowledge:
Describes the formulas for basic statistical functions such as average median.
Works with metric and non-metric scales and uses conversion tools and techniques.
Assures accuracy using basic validation and cross-checking techniques.
Works with fractions and decimal point notation and computations.
Uses basic computational tools such as calculators spreadsheets or custom applications.

Finance and Accounting: Knowledge of finance and accounting practices financial analysis and reporting; ability to apply finance knowledge appropriately to diverse situations.
Level Basic Understanding:
Describes the purpose of basic financial reports.
Explains basic practices for financing projects; gives examples.
States local financial tracking and reporting requirements.
Explains basic financial and accounting concepts and terminology.

Office Support Tools: Knowledge of commonly used office hardware software and equipment; ability to use the tools available at the desktop (for example: word processing email presentation software and spreadsheets.)
Level Working Knowledge:
Describes the benefits and relative strengths of tools for a specific application.
Demonstrates some advanced functions of at least one product.
Performs first-level problem resolution before seeking help elsewhere.
Helps colleagues with desktop tools where necessary.
Works with all basic office-support products.

Decision Making and Critical Thinking: Knowledge of the decision-making process and associated tools and techniques; ability to accurately analyze situations and reach productive decisions based on informed judgment.
Level Basic Understanding:
Explains characteristics and steps in an effective decision-making process.
Identifies issues and communicates with others when a decision needs to be made.
Names decision makers in own environment and cites examples of past decisions.
Describes types of decisions incumbent may and may not make in own job or function.

Managing Multiple Priorities: Knowledge of effective self-management practices; ability to manage multiple concurrent objectives projects groups or activities making effective judgments as to prioritizing and time allocation.
Level Basic Understanding:
Explains basic concepts of time and priority management.
Seeks guidance in detecting and addressing priority conflicts.
States own business priorities.
Describes team or unit priorities.

Partnering for Clients Success: Knowledge of and insight into clients key objectives and ability to work and think alongside clients to achieve clients current and future aspirations and successes.
Level Working Knowledge:
Communicates with clients to understand their existing and potential requirements and expectations.
Assesses clients business models systems challenges and strategies for winning.
Seeks opportunities to nurture strong client relationships.
Sets clients goals success and interest as the first priority ahead of ones own personal agenda.
Assists in clients work flow and market data analysis and reports the result to superiors.

Fraud Detection and Prevention: Knowledge of fraudulent situations; ability to utilize processes tools and techniques for detecting addressing and preventing fraud.
Level Basic Understanding:
Cites examples of common frauds.
Applies current technology in fraud prevention and detection.
Identifies major initiatives key issues and ongoing investigations.
Compiles a list of the types of fraud that can impact a specific line of business.

Remittance Processing: Knowledge of remittance processing; ability to implement processes technologies equipment and applications associated with customer receipts from payments made.
Level Working Knowledge:
Deposits remittance funds into the companys account immediately after collection.
Processes all basic payment transactions.
Resolves common operational issues and problems that arise.
Works with exception processing and escalation or referral procedures.
Utilizes basic tools and equipment for remittance processing.

Additional Information:

This position requires the candidate to work a 5-day-a-week schedule in the office.

This Job Description is intended as a general guide to the job duties for this position and is intended for the purpose of establishing the specific salary grade. It is not designed to contain or be interpreted as an exhaustive summary of all responsibilities duties and effort required of employees assigned to this job. At the discretion of management this description may be changed at any time to address the evolving needs of the organization. It is expressly not intended to be a comprehensive list of essential job functions as that term is defined by the Americans with Disabilities Act.

Summary Pay Range:

Compensation and benefits offered may vary depending on multiple individualized factors job level market locationjob-related knowledge skills individual performance and experience. Please note that salary is only one component of total compensation at Caterpillar.

Benefits:

Subject to plan eligibility terms and guidelines. This is a summary list of benefits.

• Medical dental and vision benefits*

• Paid time off plan (Vacation Holidays Volunteer etc.)*

• 401(k) savings plans*

• Health Savings Account (HSA)*

• Flexible Spending Accounts (FSAs)*

• Health Lifestyle Programs*

• Employee Assistance Program*

• Voluntary Benefits and Employee Discounts*

• Career Development*

• Incentive bonus*

• Disability benefits

• Life Insurance

• Parental leave

• Adoption benefits

• Tuition Reimbursement

* These benefits also apply to part-time employees

Any offer of employment is conditioned upon the successful completion of a drug screen.

Caterpillar is an Equal Opportunity Employer Including Veterans and Individuals with Disabilities.

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