Cash Application & Automation Analyst

Hired by Matrix; Winston-Salem (NC); On-site; USD 52,000 - 76,000; Full time

Job summary

Hired by Matrix is seeking a Cash Application Analyst to join our team onsite in Winston-Salem, NC. The analyst will manage the accurate application of customer payments, drive process improvements, and partner with Accounts Receivable to implement automation and efficiency initiatives.

Ideal candidates bring 2+ years in cash applications/AR, strong Excel skills, attention to detail, and excellent communication for cross-functional collaboration in a deadline-driven environment.

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.
• 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.
• Ability to manage multiple priorities and work effectively in a deadline-driven environment.

Responsibilities

• Support 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.

Skills

Cash applications

Accounts receivable

Excel

Process improvement

Analytical skills

Cross-functional teamwork

Automation awareness

Root-cause analysis

Tools

SAP/S4 Hana

ERP systems

Bank/lockbox processing

Job description

Hired by Matrix is seeking a Cash Application Analyst to join our team onsite in Winston-Salem, NC. The analyst will manage the accurate application of customer payments, drive process improvements, and partner with Accounts Receivable to implement automation and efficiency initiatives.

Ideal candidates bring 2+ years in cash applications/AR, strong Excel skills, attention to detail, and excellent communication for cross-functional collaboration in a deadline-driven environment.