Cash Application Specialist: Payments & Reconciliations

Altec; Birmingham (AL); On-site; USD 45,000 - 65,000; Full time

Benefits offered by this job

Medical, Dental, Vision plans

401(k) retirement plan

Tuition reimbursement

Company holidays and vacation

Wellness programs

Learning and development opportunities

Plus more

Job summary

Altec is seeking a Cash Application Specialist at our Birmingham, AL corporate office. You will apply customer payments, research unapplied cash, and reconcile accounts while supporting month-end close and internal controls.

Responsibilities span daily processing, weekly variances analysis, and monthly close assistance. Collaboration with Treasury, Collections, Credit, Customer Service, Accounting, and Sales is essential for resolving payment issues and ensuring accurate posting.

Qualifications

• High School Diploma/GED required and four years of applicable experience.
• Bachelor’s Degree with two years of related experience accepted.
• Strong accounting knowledge including debits, credits, reconciliations, and transaction analysis.
• Experience researching and resolving complex payment and account discrepancies.

Responsibilities

• Retrieve, review, and process bank, lockbox, ACH, wire, and check payments.
• Apply payments to open invoices across multiple entities.
• Research unapplied cash, unidentified payments, discrepancies and chargebacks.
• Resolve payment exceptions including short-pays, overpayments, and variances.
• Maintain documentation of research, decisions, and account activity.

Skills

Strong accounting knowledge

Payment research

Remittance interpretation

Excel proficiency

Attention to detail

Education

High School Diploma/GED

Bachelor’s Degree

Tools

ERP/AR systems

Bank portals

Remittance files

Microsoft Office 365

Job description

Altec is seeking a Cash Application Specialist at our Birmingham, AL corporate office. You will apply customer payments, research unapplied cash, and reconcile accounts while supporting month-end close and internal controls.

Responsibilities span daily processing, weekly variances analysis, and monthly close assistance. Collaboration with Treasury, Collections, Credit, Customer Service, Accounting, and Sales is essential for resolving payment issues and ensuring accurate posting.