Cash Application Specialist

Elevation Inc; Toronto; Hybrid; CAD 55,000 - 75,000; Full time

Job summary

Elevation Inc is seeking a Cash Application Specialist to manage daily payments and reconcile accounts. This hybrid role requires a Bachelor's degree and 3+ years of relevant experience in accounting. Join a dynamic team at a leading company focused on innovation in financial solutions.

Benefits

Comprehensive benefits package

Hybrid remote culture with 3 days in office

Qualifications

• 3+ years Accounts Receivable experience preferred.
• Experience in a multi-currency, multi-division environment.
• Advanced understanding of accounting functions.

Responsibilities

• Process payments and reconcile accounts.
• Research and resolve payment application issues.
• Support month-end close responsibilities.

Skills

Accounting

Reconciliations

Bookkeeping

Microsoft Excel

Process Improvement

Education

Bachelor's degree or equivalent

Tools

Great Plains

Office 365

Job description

The Cash Application Specialist reviews and processes daily payments received in the accounting system from mail and bank reports. This role handles high volumes of transactions and remittances, including scanning, invoicing, and reconciling items across various financial areas of the company. Additionally, the specialist produces reporting and analysis within the accounts receivable department. This is a hybrid role , reporting directly to the Accounts Receivable Manager.

Responsibilities

• Reviews and processes payments received against outstanding balances for customer accounts based on remittance information from customer.
• Reviews credit balances, refunds, adjustments, and claim denials; reconciles, corrects and applies adjustments to billing records.
• Researches and resolves issues related to the application of payments received against open invoices on accounts.
• Ensure balancing between bank deposits and cash applied in the system and correct discrepancies between AR processing and general ledger activity.
• Process journal entries based on Generally Accepted Accounting Principles (GAAP) and company policy.
• Resolve and process exceptions to credit card transactions.
• Support month-end close responsibilities and deadlines as needed.
• Report disputed items on a recurring basis.
• Address payment issues like double payments or other discrepancies.
• Keep detailed record of communication shared with customers relating to any issue resolution of past due balances on account.
• Proactively implement process improvement.
• Assist department Supervisors and Managers with day-to-day activities.
• Performs other job duties as required.

Qualifications & Experience

• Bachelor's degree, post-secondary education or equivalent combination of experience and training.
• 3+ years Accounts Receivable experience preferred.
• 3+ years of work experience in a multi-currency, multi-division environment.
• 3+ years of relevant order processing experience, in a Billing or Order Management environment.
• Experience with Great Plains an asset.
• Advanced understanding of accounting, reconciliations, and accounts receivable functions.
• Knowledge of bookkeeping concepts and procedures.
• Advanced knowledge of Microsoft Excel and other Office 365 applications.

What We Offer

• Hybrid Remote culture with 3 days in office.
• Be part of a thriving, international company.
• Enjoy a comprehensive benefits package.

About Us

Welcome to Enghouse – where innovation meets financial finesse! As a dynamic and publicly traded Canadian enterprise (TSX : ENGH), we're not just about software solutions; we're crafting the future of remote work, visual computing, and cutting-edge communications for the next generation of software-defined networks. If you're ready to break free from the mundane, join us on this exciting journey! Discover more about Enghouse here and get ready to be part of something extraordinary.

We appreciate the enthusiasm of all applicants, and while we thank you for your interest, only those selected for an interview will be contacted. Enghouse is proud to be an equal-opportunity employer, ensuring that all applicants are considered without discrimination, and accommodation will be provided upon request during the hiring process. Ready to revolutionize the future with us?

Apply now!

Seniority level

Mid-Senior level

Employment type

Other

Job function

Accounting / Auditing and Finance

Telecommunications

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