Cash Applications Specialist | $16-17/hr in Memphis, TN at Vaco

Date Posted: 7/8/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Memphis, TN
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    7/8/2019
  • Job ID:
    CASHA58482

Job Description

Vaco Staffing is currently seeking a Cash Applications clerk for a contract to perm opportunity with a corporate client in Memphis, TN. The qualified candidate will have 1-2 years of experience in accounts receivable and cash applications.

Daily Duties:

• High volume data entry

• Process and accurately apply all incoming payments for all customer accounts from various sources including: Live Checks, Credit Cards, Electronic Lockbox, Wire Transfers

• Identify and communicate discrepancies in payments received with claims and or credit department

• Download, review, reconcile and post all lockbox payments on a current and daily basis. Maintain and update all customer ACH information Invoice all NSF rejects and ensure to communicate to collections department

• Performs reconciliation of daily deposits to the cash postings.

• Researches unidentified payments for proper posting or return to the payer within 48 hrs. of receipt.

• Responsible for processing credit card payments or refunds as assigned.

• Calculates certain contractual allowances to be posted in conjunction with the cash posting.

• Responsible for month-end closing activity including report generation and distribution on automated accounting system

• Responsible for producing the daily customer cash receipts reports

• Research and resolve unapplied cash. Contact customers as required regarding questionable payments and resolve based on departmental procedures.

• Prepare detailed, accurate and organized, accounts receivable reconciliations for customer requests as well as internal requests.

• Responsible for initiating unapplied payment and chargeback correspondence to customers.

• Maintain the electronic and or hard-copy back-up files for all cash received.

• Monitor, respond or forward inquiries from the AR and Accounting Mailboxes in a timely and professional manner.

• Process invoice distribution routine daily and assist with mailing, emailing or faxing customer invoices upon request as required. Provide quality, professional customer service to all internal and external A/R Center personnel.

• Additional tasks/duties as assigned by Finance Management and Supervisor/Manager

EDUCATION and/or EXPERIENCE:

* Bachelor's Degree in Accounting or Finance preferred

* 2-3 years of experience in handling complex accounts receivable duties in an accounting environment.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• High volume data entry

• Process and accurately apply all incoming payments for all customer accounts from various sources including:

o Live Checks

o Credit Cards

o Electronic Lockbox

o Wire Transfers

• Identify and communicate discrepancies in payments received with claims and or credit department

• Download, review, reconcile and post all lockbox payments on a current and daily basis. Maintain and update all customer ACH information Invoice all NSF rejects and ensure to communicate to collections department