Cash Application Specialist

Addison Group; Vernon Hills (IL); On-site; USD 36,000 - 39,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k)

Monetary bonuses

Job summary

Addison Group is seeking a Cash Application Specialist in Itasca, IL to join a fast-paced accounts receivable team. This contract role offers the opportunity for conversion based on performance and business need, with compensation ranging from $26 to $28 per hour depending on experience.

You will process various payment types, apply cash to customer accounts, resolve discrepancies, and support daily cash reporting and month-end close activities in a collaborative environment.

Qualifications

• Associate's or Bachelor's degree in Accounting, Finance, or a related field.
• 2–4 years of Cash Application or Accounts Receivable experience.
• Experience processing high volumes of customer payments.
• Familiarity with accounting/ERP systems and cash application processes.
• Proficiency with Microsoft Excel.
• Strong understanding of payment processing, remittance advice, and account reconciliations.
• Excellent attention to detail and accuracy.
• Strong organizational and problem-solving skills.
• Ability to manage multiple priorities in a fast-paced environment.

Responsibilities

• Process a high volume of customer payments, including ACH, wire transfers, checks, and credit card payments.
• Apply incoming cash payments accurately to customer accounts within the accounting system.
• Review and interpret remittance advice to ensure payments are applied correctly.
• Research and resolve unapplied cash, unidentified payments, and payment discrepancies.
• Reconcile daily cash receipts and investigate differences between bank deposits and system records.
• Monitor customer accounts and maintain accurate payment records.
• Communicate with customers and internal departments to obtain remittance details and resolve payment issues.
• Process customer account adjustments, deductions, and credit memos as needed.
• Assist with researching short payments, overpayments, and outstanding balances.
• Support daily cash reporting, account reconciliations, and month-end close activities.
• Maintain organized documentation and support internal audits.
• Partner with the Accounts Receivable and Collections teams to ensure accurate account balances.

Skills

Excel

Payment processing

Remittance advice

Account reconciliations

Attention to detail

Organizational skills

Problem solving

Multitasking

Communication

Education

Bachelor's degree in Accounting/Finance

Tools

ERP systems

Cash application software

Job description

Location: Itasca, Illinois

Assignment Type: 3-Month Contract with Potential for Conversion

Compensation: $26 – $28/hour, depending on experience

Benefits: This position is eligible for medical, dental, vision and 401(k).

Join a Team Where Your Cash Application Expertise Makes an Impact!

Are you an experienced Cash Application Specialist looking for your next opportunity? Our client is a well-established organization with a collaborative team environment and is looking for a detail-oriented professional to join their team.

This is a great opportunity for someone who enjoys working in a fast-paced, high-volume accounts receivable environment, researching payments, resolving discrepancies, and ensuring accurate and timely cash application. You'll have the opportunity to make an immediate impact while gaining valuable experience with a respected organization.

What You'll Be Doing

• Process a high volume of customer payments, including ACH, wire transfers, checks, and credit card payments
• Apply incoming cash payments accurately to customer accounts within the accounting system
• Review and interpret remittance advice to ensure payments are applied correctly
• Research and resolve unapplied cash, unidentified payments, and payment discrepancies
• Reconcile daily cash receipts and investigate differences between bank deposits and system records
• Monitor customer accounts and maintain accurate payment records
• Communicate with customers and internal departments to obtain remittance details and resolve payment issues
• Process customer account adjustments, deductions, and credit memos as needed
• Assist with researching short payments, overpayments, and outstanding balances
• Support daily cash reporting, account reconciliations, and month-end close activities
• Maintain organized documentation and support internal audits
• Partner with the Accounts Receivable and Collections teams to ensure accurate account balances

What We're Looking For

• Associate's or Bachelor's degree in Accounting, Finance, or a related field
• 2–4 years of Cash Application or Accounts Receivable experience
• Experience processing high volumes of customer payments
• Familiarity with accounting/ERP systems and cash application processes
• Proficiency with Microsoft Excel
• Strong understanding of payment processing, remittance advice, and account reconciliations
• Excellent attention to detail and accuracy
• Strong organizational and problem-solving skills
• Ability to manage multiple priorities in a fast-paced environment

Why choose Addison Finance and Accounting?

• Pay: We negotiate high salaries using U.S. Bureau of Labor Statistics
• Benefits & Bonuses: You are eligible for medical, dental, vision insurance benefits, 401K, and monetary bonuses
• Connections: You connect directly with hiring managers from renowned organizations
• Options: You are presented multiple employment options near your home
• Professional Development: You are provided hiring process advice, resume revision, and employment term negotiation

Addison Group is an Equal Opportunity Employer. Addison Group provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. Addison Group complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. Reasonable accommodation is available for qualified individuals with disabilities, upon request.

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