Cash Application and Banking Associate

United-Medical-Systems-2; Westborough (MA); On-site; USD 50,000 - 70,000; Full time

Job summary

United Medical Systems in Westborough, MA is seeking a detail-oriented Cash Applications & Banking Associate to join the Finance team. You will be responsible for accurate processing of customer payments, daily banking transactions, and maintaining records.

The ideal candidate has strong accounting knowledge, excellent Excel skills, and the ability to work in a fast-paced environment and meet daily deadlines.

Qualifications

• Advanced attention to detail.
• Strong understanding of accounting principles.
• Analytical problem-solving skills.
• Ability to multitask in a fast-paced environment.
• Excellent communication and follow-up skills.
• Proficient with Excel.

Responsibilities

• Process customer payments accurately and timely.
• Handle daily cash activities and banking transactions.
• Reconcile deposits and maintain documentation.
• Identify and resolve discrepancies and reconciling items.
• Maintain Excel reports and spreadsheets as needed.

Skills

Attention to detail

Accounting knowledge

Analytical skills

Multitasking

Communication

Time management

Teamwork

Tools

Excel

Job description

Cash Application and Banking Associate

United Medical Systems Westborough, Massachusetts, United States

About this position

Cash Application and Banking Associate

Location: Westborough, MA

About us

United Medical Systems is a mobile healthcare services company offering shared service programs with an emphasis on delivering advanced technologies and cost- efficient solutions in the clinical areas of Urology.

We are seeking a detail-oriented and driven Cash Application and Banking Associate to join our Finance team. This role plays a key part in accurately processing customer payments and banking transactions, supporting daily cash activities, and maintaining accurate financial records and controls.

Position Summary

The Cash Applications & Banking Associate is responsible for the accurate and timely processing of customer payments, banking transactions, and daily cash activities. This position ensures that cash deposits are properly recorded in the corresponding partnership bank account, while supporting the company's banking operations, reconciliations, and cash controls.

The ideal candidate is highly detail-oriented, organized, analytical, and comfortable working with large volumes of financial transactions. The position requires strong accounting knowledge, excellent Excel skills, and the ability to maintain accuracy while meeting daily deadlines.

Cash Application

• Review, code and process checks through remote deposit systems.
• Monitor deposits for errors, duplicate submissions, or potential fraud.
• Assist in resolving rejected or returned deposits.
• Investigate and resolve reconciling items
• Identify unusual or duplicate transactions and escalation when appropriate
• Assist with application of Customer Incoming ACH payments when necessary
• Maintain Customer Remittance Advice files

Banking Specialist

• Initiate Outgoing ACH payments, wire transfers, internal transfers and other banking activities
• Maintain Appropriate documentation and support for banking transactions

Control and Processes

• Protect confidential financial and customer information.
• Meet daily processing and productivity targets.
• Identify opportunities to improve cash application and banking processes
• Maintain accurate documentation and transaction records.
• Ensure all transactions comply with company policies, procedures, and internal controls.
• Assist with Audit Requests
• Maintain Excel reports and spreadsheet when needed

Qualifications

• Advanced attention to detail
• Strong understanding of accounting principles and accounting.
• Strong problem-solving and analytical skills
• Ability to Multi-task
• Excellent communication and follow-up skills
• Excellent Excell skills.
• Time Management Skills
• Ability to work in a fast-paced environment and meet deadlines
• Ability to work with other accounting team members

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Additional Information

• Location 1700 W Park D, Ste 410, Westborough, MA, 01581, United States
• Recruiting City/State Location Westborough, MA