Cash Applications Specialist
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Job Location:
Southfield, MI - USA
Monthly Salary:
Not Disclosed
Posted on:
4 hours ago
Vacancies:
1 Vacancy
Job Summary
Job Description Summary:
The Cash Applications Specialist supports finance activities within the Finance Department and U.S. Shared Service Center by accurately processing and applying customer payments using company payment systems. This roleis responsible forposting daily payments to the correct customer accountscreatingand applying manual cash receipts and reconciling accounts to ensure accuracy and efficiency. The specialist inputs and retrieves data from financial systemsspreadsheets and works to resolve unapplied payments before month-end while continuously improving and streamlining manual processes.Additional responsibilities include ensuring effective issue resolution procedures and supporting auditor requests.This position reports directly to the Accounts Receivable Supervisor.
Position Responsibilities:
Post incoming payments (ACH wire transfers checks credit cards) to correct customer accountsdaily
Reconcile income payments against outstanding invoices and customer accounts
Inputs and retrieves data from computer systems and reconciles accounts daily
Apply payments to customer accounts accurately and efficiently
Reviewaccountsreceivable aging reports regularly.
Responsible foraccurateandtimelypayment analysis
Proactivelyworkwithcustomersandcollectorstoidentifyand resolvepaymentissues
Support month-end closing activities by preparing AR reconciliations and resolving unapplied cash balances
Ensure adherence to internal controls and compliance with industry-specific financial regulations
Other duties as assigned
Qualifications:
Bachelors degreepreferred
Experience in Accounts Receivablewith high volume cash application experience
Minimum 2 years of experience with a large customer base preferably automotive
Excellent communication skills via telephone video conferencing email etc.
Capacity tooperatein fast-paced work environment and adhering to public company compliance requirements
Superior ability to prioritize and focus in a high-paced multi-tasking environment
Ability to learnnew technologysoftware skills quickly
Proficiencyin Microsoft Office including Excel Word and Outlook
Attention to detailscommitment to accuracy and extremely organized
Commitment to protecting customer/ companyprivacy
Cooperative/ collaborativeteam player
Strong customer service approach to all matters
AS400/ CMS experience is a plus
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee must occasionally lift and/or move up to 15 pounds. Specific vision abilities required by this job include Close vision Distance vision Peripheral vision Depth perception and Ability to adjust focus. While performing the duties of this Job the employee is regularly required to reach with hands and arms and talk or hear. The employee is frequently required to stand; walk; sit and use hands to finger handle or feel.
Mental Demands:
While performing the duties of this position the employee will be regularly required to use written and oral communication skills; read and interpret data information and document. Analyze and solve problems with patience and ability to manage stress. Observe and interpret situations; learn and apply new information or skills.
Benefits and Perks
Methode offers US employees Medical Dental Vision Hearing Life & Disability insurance a wellness program and time off benefits.
Voluntary benefit plans include Accident Hospital Indemnity and Pet Insurance.
Methode provides an Employee Assistance Program and participation in the Companys 401(k) plan which includes a company contribution.
Base pay offered may vary depending on multiple individualized factors including market location job-related knowledge skills and experience. Hourly employees will also be paid overtime pay when working qualifying overtime hours.
Methode Electronics is an equal opportunity employer. We evaluate qualified applicants without regard to race color religion sex sexual orientation gender identity national origin disability veteran status genetic information and other legally protected characteristics per the EEO Poster available here . If you need a reasonable accommodation because of a disability for any part of the employment process please send an e-mail to or call and let us know the nature of your request and your contact information.
Required Experience:
IC
About Company
Methode Electronics, Inc. (NYSE: MEI) is a leading global supplier of custom-engineered solutions with sales, engineering and manufacturing locations in North America, Europe, Middle East, and Asia. We design, engineer, and produce mechatronic products for OEMs utilizing our broad ran ... View more
