SolvoGlobal
Financial Services
CashApplicationSpecialist
Neural analysis suggests this role is
optimal for Mid+ candidates.
“Cash Application Specialist at SolvoGlobal. Skills: Cash application, Accounts receivable, Bank reconciliation. Post daily customer payments. Apply payments to customer accounts”
Industry & Context.
Problem-solving; Research; Resolution
What They're Looking For.
Must Have
2 years experience in cash application, 2 years experience in accounts receivable, 2 years experience in banking, 2 years experience in accounting operations, Experience with ERP/accounting systems, Understanding of accounts receivable processes, Understanding of cash posting, Understanding of bank reconciliation procedures, Intermediate Microsoft Excel skills, Analytical skills, Organizational skills, Problem-solving skills, High attention to detail, Ability to manage multiple priorities, Ability to meet deadlines, Effective written communication skills, Effective verbal communication skills
Nice to Have
Experience with lockbox banking systems, Experience with electronic payment platforms, Knowledge of general ledger accounting, Knowledge of reconciliation practices, Ability to independently resolve complex payment discrepancies, Ability to independently resolve unapplied cash issues, Experience in Shared Services environments, Experience in multi-entity environments
What You'll Do.
Post daily customer payments
Apply payments to customer accounts
Apply payments to invoices
Process high-volume cash receipts
Maintain accuracy standards
Maintain productivity standards
Identify short payments
Identify overpayments
Identify duplicate payments
Identify discrepancies
Resolve short payments
Resolve duplicate payments
Resolve discrepancies
Reconcile daily cash postings
Reconcile against bank activity
Reconcile against system records
Assist with monthly bank reconciliations
Assist with accounts receivable subledger balancing
Ensure cash transactions recorded
Ensure cash transactions documented
Investigate unapplied cash transactions
Investigate unidentified cash transactions
Investigate misapplied cash transactions
Resolve unapplied cash transactions
Resolve unidentified cash transactions
Resolve misapplied cash transactions
Collaborate with customers
Collaborate with collections teams
Collaborate with branch personnel
Collaborate with internal departments
Obtain remittance details
Maintain documentation of research
Maintain documentation of adjustments
Maintain documentation of resolutions
Monitor aging unapplied cash reports
Drive issue resolution
Respond to payment application inquiries
Respond to account balance inquiries
Respond to reconciliation issue inquiries
Partner with Accounts Receivable teams
Partner with Credit & Collections teams
Partner with Treasury teams
Partner with Finance teams
Resolve discrepancies
Support month-end close processes
Support year-end close processes
Identify opportunities for process improvements
Identify opportunities for automation
Identify opportunities for efficiency
How You'll Work.
Team & Collaboration
Accounts Receivable teams; Credit & Collections teams; Treasury teams; Finance teams
Communication Scope
Written communication; Verbal communication
Full Job Description
## Description • Job Title: Cash Application Specialist • Work Schedule & Location: • Schedule: Monday to Friday, 8:00 AM – 6:00 PM (CST) • Work Arrangement: On-site for the first month; eligibility for remote work thereafter based on performance • Salary: Competitive, based on experience • Position Summary: The Cash Application Specialist is responsible for accurately posting customer payments, reconciling daily cash activity with bank records, researching discrepancies, and resolving unapplied or unidentified cash transactions. This role plays a critical part in maintaining accurate accounts receivable balances, ensuring timely cash posting, and supporting overall financial accuracy within the Shared Services organization. • Key Responsibilities: • Cash Posting & Payment Application: • Accurately post daily customer payments received via ACH, wire transfers, lockbox, credit card, checks, and other payment methods • Apply payments to customer accounts and invoices according to remittance details and company policies • Process high-volume cash receipts while maintaining strong accuracy and productivity standards • Identify and resolve short payments, overpayments, duplicate payments, deductions, and discrepancies • Bank Reconciliation & Cash Balancing: • Reconcile daily cash postings against bank activity and system records • Assist with monthly bank reconciliations and accounts receivable (AR) subledger balancing • Research and resolve variances between bank deposits, customer remittances, and ERP postings • Ensure all cash transactions are properly recorded and documented for audit and compliance purposes • Unapplied Cash & Research Resolution: • Investigate and resolve unapplied, unidentified, and misapplied cash transactions in a timely manner • Collaborate with customers, collections teams, branch personnel, and internal departments to obtain remittance details • Maintain detailed documentation of research, adjustments, and resolutions • Monitor aging unapplied
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