The Panaro Group

FinServ

ARCashApplicationsSpecialist

$52–73k ~AI est. Brown Deer, Wisconsin, United States FULL TIME
The Brief

“AR Cash Applications Specialist at The Panaro Group. Skills: Cash application, Accounts receivable, Payment processing. Apply customer payments daily. Download and reconcile bank activity”

What You'll Achieve.

Reduce Days Sales Outstanding (DSO)

Industry & Context.

FinServ
Problems you'll solve

Analytical skills; Reconciliation skills

What They're Looking For.

Must Have

2+ years of experience in cash application, 2+ years of experience in accounts receivable, 2+ years of high-volume payment processing, Experience working in ERP/accounting systems, Experience working in lockbox platforms, Advanced Microsoft Excel skills

Nice to Have

Associate's degree in Accounting, Associate's degree in Finance, Associate's degree in Business, Equivalent hands-on experience in cash application

What You'll Do.

Apply customer payments daily

Download and reconcile bank activity

Prepare cash posting batches

Research and resolve unapplied cash

Resolve duplicate payments

Coordinate with customers for remittance details

Coordinate with internal stakeholders for remittance details

Process lockbox files

Process EDI remittances

Process customer portals

Maintain accurate records of cash application

Maintain accurate records of adjustments

Maintain accurate account records

Support AR aging accuracy

Clear misapplied payments

Match invoices properly

Prepare approved adjustments

Post approved adjustments

Route items requiring approval

Assist with month-end close activities

Perform cash reconciliation

Prepare cash reconciliation reporting

Support AR-related journal entries

Respond to payment status inquiries

Respond to account balance inquiries

Respond to remittance application inquiries

Identify opportunities to improve cash application efficiency

Support process documentation

Support standard work

Support bank transitions

Support lockbox implementations

Support automation initiatives

Contribute to reducing Days Sales Outstanding (DSO)

How You'll Work.

Team & Collaboration

Partner with Collections; Partner with Customer Service; Partner with Sales

Free ATS check

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