Cash Application Specialist: Accurate Payments & Reconciliation

Porter Pipe & Supply Company; Addison (IL); On-site; USD 52,000 - 68,000; Full time

Benefits offered by this job

Competitive benefits

Onsite work environment

Job summary

Porter Pipe & Supply Company in Addison, IL is seeking a Cash Application Specialist to accurately apply customer payments and research unapplied cash. You will work closely with Accounts Receivable to reconcile discrepancies and maintain precise financial records.

The ideal candidate has 1+ year experience in cash application or AR, strong Excel skills, and a high degree of accuracy. This full-time, onsite role reports to the Accounts Receivable Manager and emphasizes confidentiality and

Qualifications

• Strong organizational, analytical, and problem-solving skills.
• High level of accuracy and attention to detail.
• Ability to prioritize multiple responsibilities, manage time effectively, and meet daily processing deadlines.
• Strong written and verbal communication skills.
• Comfort working independently and collaborating with internal teams.
• Professionalism and confidentiality when handling financial information.

Responsibilities

• Accurately process and apply customer payments to the appropriate accounts and invoices.
• Process and record credit card payments accurately and timely.
• Review daily payment activity, including ACH, wire transfers, checks, and electronic payments.
• Research and resolve unapplied cash, payment discrepancies, and unidentified transactions.
• Reconcile payment records against bank deposits, remittance details, and accounts receivable balances.
• Review remittance information to ensure payments are posted accurately and timely.
• Identify short payments, overpayments, duplicate payments, and other posting errors.
• Assist with researching and resolving Billtrust errors to ensure accurate payment processing and cash application.
• Maintain accurate records of cash applications and supporting documentation.
• Collaborate with internal departments to resolve payment issues.
• Monitor unapplied cash balances and assist with clearing outstanding items in a timely manner.
• Follow established financial procedures, internal controls, and confidentiality requirements.
• Meet daily processing deadlines while maintaining a high level of accuracy and productivity.

Skills

Attention to detail

Organizational skills

Analytical skills

Problem-solving

Education

High School Diploma

Associate degree in Finance or related field

Tools

Excel

Job description

Porter Pipe & Supply Company in Addison, IL is seeking a Cash Application Specialist to accurately apply customer payments and research unapplied cash. You will work closely with Accounts Receivable to reconcile discrepancies and maintain precise financial records.

The ideal candidate has 1+ year experience in cash application or AR, strong Excel skills, and a high degree of accuracy. This full-time, onsite role reports to the Accounts Receivable Manager and emphasizes confidentiality and