Cash Application Specialist

Freddie Mac; United States; Remote; USD 80,000 - 100,000; Full time

Job summary

A leading company in talent mobility is seeking a Cash Application Specialist to manage payments and reconcile accounts. This role requires strong accounting knowledge and communication skills. The position offers a competitive salary and comprehensive benefits, including health insurance and a 401(k) plan.

Benefits

401(k) plan

Health insurance

Paid time off

Paid holidays

Life insurance

Disability coverage

Employee Assistance Program

Volunteer paid time off

Qualifications

• 3-5 years of relevant work experience in accounting or cash transactions.
• Technical knowledge of cash accounting principles required.

Responsibilities

• Research and reconcile unapplied payments and discrepancies.
• Assist in training co-workers and processing cash applications.
• Post daily receipts to customer accounts.

Skills

Cash Accounting principles

Data Entry

Microsoft Word

Microsoft Excel

Analytical Skills

Communication

Education

High school or equivalent

Associate's Degree in Business or Accounting

Job description

Job Description

This role can be based anywhere in the United States.

Are you ready to open a world of opportunity in talent mobility? Our clients include some of the largest and most recognized brands in the world. They're innovators and leaders in their industries, making life-enhancing breakthroughs every day. We help them tap into those opportunities by placing their exceptional people where they need to be, anywhere in the world. When it comes to service, we set the bar for exceptional ... and then we raise it with fresh ideas, leading tools and innovative approaches, and it's all grounded in our values of truth, love, and integrity. We call it People-first Mobility. We're looking for exceptional people who share those values along with our passion for delivering the highest levels of service. If that sounds like you, and if you're ready for a new career opportunity, we'd like to hear from you! Here's to the world ahead.

We are committed to fair and transparent compensation. The salary range for this role is based on several factors including experience, skills, and qualifications and is $18.50-$19.50/hr.

The Cash Application Specialist compiles and sorts checks and monies received by Graebel Companies in order to substantiate business transactions and deposit in the banking accounts. Posts payments to customer accounts and assigns miscellaneous revenues to appropriate profit centers. Researches and reconciles all unapplied payments, COD unapplied payments and miscellaneous payments. Works closely with outside customers, GL Accounting, Credit and Collections, Branch personnel and Management to resolve payment discrepancies. Helps train and keep other employee's up to date on procedures within the department.

Principal/ Essential Duties and Responsibilities

• Researches and identifies unapplied payments. Creates debit memos and reapplies invoices. Sends out refunds when approved. Communicates with credit and collections, branches and managers to resolve issues. Often will need to email or contact customers directly to identify overpayments or unidentified payments. Works closely with collections on researching internal application issues on why certain items were posted or applied a certain way. Will also be called upon to work with customers by email or phone to help understand payment discrepancies.
• Reconciles the COD statement and unapplied CODs. Contacts GL accountants, managers, and branches for information regarding CODs and unapplied payments. Contacts customers directly and collectors regarding COD unapplied payments. Creates debit memos or applies CODR invoices once created.
• Assists with training co-workers or new team members for the Cash Department. Helps to answer questions for the department and responds to all cash questions that are sent to [e-mail]. Processes the applications being requested through emails. Serves as a resource to all departments for resolving issues and how they will fall out on the company's books where payments &/or adjustments are concerned.
• Processes all local and foreign wire deposits. Enters the checks into cash receipts. Performs research on international items.
• Posts daily receipts to customer accounts in order to substantiate business transactions. Identifies customer accounts and invoices to be credited and posts payments made. Investigates reasons for discrepancies and resolves if able.
• Performs all other related essential duties as assigned or requested.

Required Skills

• Requires technical knowledge, training and understanding of Cash Accounting principles and processes.
• Three (3) to five (5) years of relevant work experience.
• Computer experience in data entry, Microsoft Word and Excel.
• Ability to read, analyze and interpret general business periodicals, technical procedures and numerical data.
• Ability to write simple reports and general business correspondence.
• Ability to effectively present information and respond to questions from management, customers and employees.
• Ability to calculate figures and amounts such as discounts interest, commissions, proportions, percentages, area, circumference and volume.

Required Experience

• High school or equivalent required. May include specialized classes beyond high school. Vocation/Technical/Business School preferred. May include Associate's Degree in Business or Accounting.
• Three (3) to five (5) years of work experience in an Accounting function or in a Cash Transactions role is acceptable in lieu of formal education.

COMPENSATION AND BENEFITS

As a testament to our commitment to diversity, equity, inclusion, and belonging, and in alignment with our commitment to fair and transparent compensation, our salary bands are transparent both internally and as a part of our external recruitment process. The targets for this role are dependent on market/ geographic location and range from $18.50-19.50/hr.

At Graebel, where we truly value the exceptional contributions of our dedicated team-yes, that means YOU-we've crafted a benefits package with your success in mind. Enjoy a comprehensive benefits package including a 401(k) plan, top notch health insurance (covering medical, dental, and vision), and find support through our Employee Assistance Program. Enjoy well-earned breaks with paid time off that grows with your years of service to the company, paid holidays each year, and volunteer paid time off! Secure your future with life insurance and disability coverage. Join us to elevate your work life experience!

Graebel Companies, Inc. is an EEO/AA Employer M/F/Disabled/Vet