Cash Application Analyst

Creative Solutions Services, LLC; Winston-Salem (NC); On-site; USD 34,000 - 52,000; Full time

Job summary

Creative Solutions Services, LLC is hiring a Cash Application Analyst for a contract, onsite role in Winston-Salem, NC. You will apply customer payments and support AR operations to improve accuracy and efficiency.

You will work cross-functionally with AR and business stakeholders, analyze data, and identify automation opportunities using ERP and Excel to drive process improvements and reduce manual effort.

Qualifications

• 2+ years of experience in cash applications, accounts receivable, order-to-cash, or a related finance operations environment.
• Strong understanding of cash application processes and accounts receivable transactions.
• Demonstrated experience identifying and implementing process improvements.
• Advanced Excel skills, including the ability to analyze large data sets and identify trends or process opportunities.
• Strong attention to detail and commitment to accuracy.
• Excellent communication and cross-functional collaboration skills.

Responsibilities

• Assist in the accurate and timely application of customer payments, including lockbox, ACH, and other payment methods.
• Identify opportunities to standardize and automate cash application processes.
• Collaborate with Accounts Receivable and business stakeholders to implement automated solutions and sustainable processes.
• Perform root-cause analysis and address recurring payment application issues.
• Research unapplied cash, unidentified payments, short payments, deductions, and account discrepancies.
• Lead or support automation initiatives impacting Accounts Receivable and cash application.

Skills

Cash application

Accounts receivable

Order-to-cash

Process improvement

Analytical

Root-cause analysis

ERP systems

Advanced Excel

Detail-oriented

Cross-functional collaboration

Multi-tasking

Tools

SAP/S4 Hana

RPA

ERP software

Job description

At-a-Glance:

Are you ready to build your career by joining an international food and beverage company. If so, our client is hiring a Cash Application Analyst.

Position Type:

• Contract
• Onsite

Required

• Required Qualifications
  • 2+ years of experience in cash applications, accounts receivable, order-to-cash, or a related finance operations environment.
  • Strong understanding of cash application processes and accounts receivable transactions.
  • Demonstrated experience identifying and implementing process improvements.
  • Strong analytical, problem-solving, and root-cause analysis skills.
  • Experience working with ERP and/or accounts receivable systems.
  • Advanced Excel skills, including the ability to analyze large data sets and identify trends or process opportunities.
  • Strong attention to detail and commitment to accuracy.
  • Excellent communication and cross-functional collaboration skills.
  • Ability to manage multiple priorities and work effectively in a deadline-driven environment.
• Preferred Qualifications
  • Experience with automation technologies such as RPA, or AI-enabled finance solutions.
  • Experience with ERP platforms such as SAP/S4 Hana
  • Familiarity with bank, lockbox and payment processing
• Core Competencies
  • Cash Application Expertise:
    • Strong understanding of payment processing, account reconciliation, unapplied cash, and AR operations.
  • Process Improvement:
    • Ability to evaluate current-state processes, identify inefficiencies, and design improved future-state processes.
  • Automation Mindset:
    • Ability to recognize opportunities where technology can eliminate manual work, improve accuracy, and increase scalability.
  • Problem Solving:
    • Strong ability to investigate issues, determine root causes, and develop sustainable solutions.

Responsibilities:

• Cash Application Analyst is responsible for supporting accurate and timely application of customer payments while identifying and implementing process improvements that increase efficiency, automation, accuracy, and overall cash application performance.
• Role combines hands-on cash application expertise with analytical and process improvement capabilities, including the use of automation and technology to streamline transactional activities and reduce manual effort.
• Will work cross-functionally with Accounts Receivable and business stakeholders to identify opportunities, develop solutions, implement automation, and establish sustainable processes.
• Perform and/or oversee the accurate and timely application of customer payments to accounts receivable, including lockbox, ACH, and other payment methods.
• Research and resolve unapplied cash, unidentified payments, short payments, deductions, and account discrepancies.
• Analyze cash application processes to identify opportunities for standardization, automation, error reduction, and improved cycle times.
• Lead or support process improvement initiatives designed to reduce manual transactions and improve cash application efficiency.
• Identify repetitive, rules-based activities suitable for automation using available technologies such as robotic process automation (RPA), workflow tools, ERP functionality, artificial intelligence, or other digital solutions.
• Perform root-cause analysis and implement corrective actions to address recurring payment application issues.
• Support automation initiatives impacting Accounts Receivable and cash application.