AR Cash Application Specialist

Envision Software Engineering; Coimbatore District; On-site; INR 450,000 - 650,000; Full time

Job summary

Envision Software Engineering seeks an AR Cash Application Specialist to join our finance team in India. You will process payments, apply them to customer accounts, and reconcile receipts with accuracy.

Ideal candidates have 2-3 years in cash application or accounts receivable, strong analytical skills, and proficiency with ERP systems and Excel. The role requires independent work and timely completion of tasks, with a US-facing shift 6:00 PM–2:30 AM IST.

Qualifications

• 2-3 years of experience in cash application or accounts receivable.
• Proficiency with ERP systems and Excel.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and accuracy in financial data processing.

Responsibilities

• Process incoming payments from various sources (checks, wire transfers, card payments, EFT).
• Apply payments accurately to customer accounts and post timely.
• Perform daily reconciliations of cash receipts.
• Investigate and resolve discrepancies with billing, sales, and customer service.
• Monitor outstanding AR and coordinate with customers to resolve discrepancies.
• Maintain records of all cash transactions and adjustments.
• Prepare reports and summaries of cash application activities.

Skills

Attention to detail

Analytical skills

Problem-solving

Communication skills

Excel

Education

Bachelor's degree in accounting/finance

Tools

ERP systems

Excel

Job description

We are seeking a highly skilled and detail-oriented AR Cash Application Specialist to join our finance team. The AR Cash Application Specialist will be responsible for accurately and efficiently processing incoming payments, reconciling accounts, verifying agreed allowances, perform write-offs and maintaining financial records. The ideal candidate should have 2-3 years of experience in cash application, possess strong analytical skills, and be proficient in using financial software and tools.

Responsibilities

• Process incoming payments from various sources, including checks, wire transfers, credit card payments, and electronic funds transfers.
• Accurately apply payments to customer accounts, ensuring proper allocation and timely posting.
• Perform daily reconciliations of cash receipts, ensuring all transactions are properly recorded.
• Investigate and resolve discrepancies or issues related to payment application, working closely with internal teams such as billing, sales, and customer service.
• Monitor and follow up on outstanding accounts receivable, coordinating with customers to resolve any payment discrepancies.
• Maintain accurate and up-to-date records of all cash transactions and adjustments.
• Prepare regular reports and summaries of cash application activities, providing insights and analysis as required.
• Collaborate with the finance team to improve cash application processes and enhance efficiency.
• Validate Agreed allowances and perform write-offs.
• Stay updated on industry trends and best practices in cash application and implement changes to improve overall effectiveness.

Requirements

• Bachelor's degree in accounting, finance, or a related field.
• 2-3 years of experience in cash application or accounts receivable.
• Strong understanding of accounting principles and financial processes.
• Proficiency in using financial software and tools, such as ERP systems and Excel.
• Excellent attention to detail and accuracy in processing and reconciling financial data.
• Strong analytical and problem-solving skills.
• Effective written and verbal communication skills.
• Ability to work independently and meet deadlines.
• Prior experience in a fast-paced, high-volume environment is preferred.
• Knowledge of relevant regulations and compliance standards related to cash application is a plus.

Shift Time - US working hours (6.00PM IST to 2.30PM IST)