Cash Application Specialist

Schaumburg, IL - USA

Hourly Salary: $ 22 - 24

Posted on: 17 hours ago

Vacancies: 1 Vacancy

Job Summary

About MISUMI USA
MISUMI is a global leader in manufacturing and automation components supporting engineers and innovators with high-quality configurable products delivered with speed and precision. As one of the most comprehensive and user-friendly resources for factory automation components MISUMI offers an unmatched selection of standard and customized parts to meet precise customer specifications.

We are committed to empowering customers to complete complex design work quickly and efficiently. At MISUMI USA we value operational excellence continuous improvement and a collaborative culture.

Position Summary
The Cash Application Specialist is responsible for processing a high volume of customer payments accurately and in a timely manner. This role plays a critical part in ensuring proper cash application resolving unapplied cash issues and maintaining strong collaboration with the Credit and Accounts Receivable teams.
This role is ideal for someone who values structure accuracy and consistency and takes pride in producing precise and reliable work.

Key Responsibilities

Process daily customer payment applications
Process incoming payments via Lockbox ACH/EFT and Wires
Review lockbox deposits and process unmatched payments
Balance daily cash receipts including ACH Wires and Netting receipts
Resolve unapplied cash issues in partnership with the Credit Department
Collaborate closely with AR Specialists to ensure timely and accurate cash application
Enter invoice information into customer portals as required
Record electronic deposits
Perform additional accounting duties as assigned by the Credit & AR Supervisor

Qualifications
Required:

High School Diploma or equivalent
Minimum of 1 year of cash application experience
Strong aptitude for numbers and financial accuracy
Proficiency in Microsoft Office Suite (Outlook Excel Word PowerPoint)
Strong problem-solving skills
Effective written and verbal communication skills
High attention to detail with the ability to manage multiple responsibilities

Preferred:

Associates or Bachelors degree in Accounting Finance Business Administration or related field

What We Offer
At MISUMI we invest in our employees success. You will receive the training and support needed to excel in your role along with opportunities for professional growth within a collaborative team-oriented culture.
We offer:

Competitive compensation
Comprehensive medical dental and vision benefits
401(k) with company match
Hybrid work flexibility
Paid time off volunteer time off company holidays and one floating holiday
Growth and development opportunities

MISUMI is proud to be recognized by Comparably with multiple workplace awards including Happiest Employees (three-time recipient) Best Company Perks & Benefits Best Leadership Teams Best Product & Design Teams and Best Company Work-Life Balance reflecting our employee-centric culture and strong leadership.

Pay Rate: $22.50$24.50 per hour

Note: No amount of pay is considered to be wages or compensation until such amount is earned vested and determinable. The amount and availability of any bonus commission or any other form of compensation for any particular employee remains in the Companys sole discretion unless and until paid and may be modified at the Companys sole discretion consistent with the law.
Applicants must currently be authorized to work in the United States on a full-time basis. Sponsorship for work authorization is not available.

Applicants must currently be authorized to work in the United States on a full-time basis. Sponsorship for work authorization is not available.

MISUMI is an Equal Opportunity Employer and does not discriminate on the basis of race color religion sex national origin age veteran status disability marital status sexual orientation citizenship status genetic information gender identity or any other protected status under applicable law.

FOR CALIFORNIA RESIDENTS:

MISUMI USA Inc. (MISUMI) complies with the California Consumer Privacy Act (CCPA) California Privacy Rights Act (CPRA) and other applicable privacy laws. We may collect the following categories of personal information for purposes of the application and hiring process: name and contact information (phone number; mailing address; email address(es)); education and qualifications; employment history and experience; LinkedIn profile; and other information voluntarily provided by the applicant. Under the CCPA and CPRA California residents have the right to know correct delete and/or limit the use of certain information collected by MISUMI. For further information see our full privacy policy at If you have any concerns please send an email to

Required Experience:

Manager

Process daily customer payment applications
Process incoming payments via Lockbox ACH/EFT and Wires
Review lockbox deposits and process unmatched payments
Balance daily cash receipts including ACH Wires and Netting receipts
Resolve unapplied cash issues in partnership with the Credit Department
Collaborate closely with AR Specialists to ensure timely and accurate cash application
Enter invoice information into customer portals as required
Record electronic deposits
Perform additional accounting duties as assigned by the Credit & AR Supervisor