Cash Application Specialist

Socket.dev; Asheboro (NC); On-site; USD 45,000 - 60,000; Full time

Benefits offered by this job

Two Health Insurance plans with an HSA

401k with company match

Company-paid Life Insurance

Dental, Vision, LT Disability, ST Dis

Paid Vacation and Holidays

Bi-weekly pay

Job summary

Cadence Petroleum Group in Asheboro, NC seeks a Cash Application Specialist to ensure accurate application of payments to customer accounts and support cash flow. You will reconcile receipts, resolve discrepancies, and collaborate with accounts receivable and billing teams.

Applicants should have 2+ years in cash applications or AR, proficiency in Excel, and strong attention to detail. This role offers competitive benefits and opportunities to contribute to financial reporting.

Qualifications

• High school diploma or equivalent required.
• At least 2 years of experience in cash applications, accounts receivable, or a related financial role.
• Proficiency with accounting software and Microsoft Excel.
• Strong attention to detail and accuracy in handling financial data.
• Excellent communication skills to interact effectively with customers and internal teams.

Responsibilities

• Process and apply incoming payments from various sources including checks, electronic funds transfers, and credit card transactions to customer accounts accurately and promptly.
• Reconcile daily cash receipts and resolve any discrepancies between payments received and invoices billed.
• Communicate with customers and internal teams to clarify payment details and resolve any issues related to unapplied or misapplied payments.
• Maintain detailed and organized records of all cash application activities to support audit and financial reporting requirements.
• Assist in month-end closing activities by providing accurate cash application data and supporting documentation.

Skills

Accounts receivable

Cash applications

Excel

Attention to detail

Communication skills

Education

High school diploma or equivalent

Tools

SAP

Oracle

Job description

Cash Application Specialist

The Cash Application Specialist plays a critical role in the financial operations of a transportation and warehousing company by ensuring accurate and timely application of incoming payments to customer accounts. This position is responsible for reconciling payments, resolving discrepancies, and maintaining detailed records to support the company’s cash flow and financial reporting.

The specialist will collaborate closely with the accounts receivable and billing teams to verify payment information and address any issues that may arise.

Minimum Qualifications:

• High school diploma or equivalent required
• At least 2 years of experience in cash applications, accounts receivable, or a related financial role.
• Proficiency with accounting software and Microsoft Excel.
• Strong attention to detail and accuracy in handling financial data.
• Excellent communication skills to interact effectively with customers and internal teams.

Preferred Qualifications:

• Experience in the transportation and warehousing industry or a similar logistics environment.
• Familiarity with ERP systems such as SAP, Oracle, or similar platforms.
• Knowledge of electronic payment processing and banking procedures.
• Ability to analyze and resolve complex payment discrepancies independently.

Responsibilities:

• Process and apply incoming payments from various sources including checks, electronic funds transfers, and credit card transactions to customer accounts accurately and promptly.
• Reconcile daily cash receipts and resolve any discrepancies between payments received and invoices billed.
• Communicate with customers and internal teams to clarify payment details and resolve any issues related to unapplied or misapplied payments.
• Maintain detailed and organized records of all cash application activities to support audit and financial reporting requirements.
• Assist in month-end closing activities by providing accurate cash application data and supporting documentation.

Benefits:

• Two Health Insurance plans with an HSA option
• 401k available- with a company match
• Company paid Life Insurance
• Dental, Vision, Long Term Disability, Short Term Disability and Life Insurance available
• Paid Vacation and Holidays
• Bi-weekly pay

About us

Cadence Petroleum Group (including Pugh Lubricants, Apollo Oil, Veterans Oil, Halco Lubricants, Stockman Oil, Mid-South Sales, Davison Fuels and Oil, Frost Oil, Brewer-Hendley, Yoder Oil, Nelson Oil, Hoosier Penn Oil, Union Petroleum Group, Glockner Oil and BOC Oil Company) is a leading distributor of automotive, commercial, and industrial lubricants in the eastern United States and fuels in the Alabama, Georgia, Tennessee and Arkansas markets. We serve the needs of our customers throughout the Carolina's, Virginia, Tennessee, West Virginia, Kentucky, Ohio, and in portions of Georgia, Alabama, Mississippi, Louisiana, Texas and Arkansas. Our objective is to provide our customers with the best products and services. Cadence Petroleum Group and our suppliers stand behind the products we offer. Regardless of the industry, we have solutions specifically designed to improve your business whether you want to increase traffic to your door or decrease equipment downtime.