Cash Applications Analyst- Newport Beach, CA

Merit Personnel & Consulting; New York (NY); On-site; USD 62,000 - 72,000; Full time

Job summary

A financial consulting firm in Newport Beach is seeking a Cash Applications Analyst to support their Client Billing department. The ideal candidate should have a Bachelor’s degree in Finance, Accounting, or Economics, and at least 2 years of experience in accounts receivable. Responsibilities include downloading bank deposits, monitoring collections, and preparing reports while maintaining excellent communication with internal teams and clients. This role offers a temporary employment opportunity with a rate of $30-33/hr.

Qualifications

• Minimum 2 years of experience in A/R, accounting, or collections roles.
• Strong ability to problem-solve autonomously in a fast-paced environment.

Responsibilities

• Download bank deposits daily and apply client payments.
• Monitor collections reports and apply the firm’s collections policy.
• Prepare monthly write-off reports.

Skills

Strong accounting fundamentals

Analytical and critical thinking skills

Exceptional organizational skills

Superior written and verbal communication skills

Ability to handle multiple tasks

Intermediate proficiency in Microsoft Office Suite

Education

Bachelor’s Degree in Finance, Accounting, or Economics

Tools

SAP or other large ERP system

Job description

Cash Applications Analyst- Newport Beach, CA

Title: Cash Applications Analyst (Temporary Employee)

Location: Newport Beach, CA (onsite required)

Rate: $30-33/hr (long-term 6+ months; likely to convert permanently [65-70K])

Position Description

The Firm’s Client Billing department is made up of revenue professionals focused in three functional areas: Billing, Reporting, and Cash Applications. The department is responsible for calculating, invoicing and collecting separate account revenue for all entities and we are seeking a highly motivated and intellectually curious Analyst to join our team and support the Cash Applications team.

Cash Applications Analysts have a unique opportunity to drive operational excellence by understanding global payments processes, analyzing multi-element payments, and determining solutions to team challenges. Automation projects add another opportunity to bring value to this role.

Key Responsibilities

• Download bank deposits daily. Identify and apply client payments into the General Ledger timely.
• Identify and report all non-AR payments.
• Monitor collections reports. Apply firm’s collections policy to all outstanding items and action correspondence efforts and escalation. Prepare reports for distribution to Account Managers and Senior Management on a monthly basis.
• Coordinate with global colleagues in Account Management, Accounting, and other parties to resolve issues promptly and efficiently
• Prepare monthly write off reports. Complete write offs in General Ledger system once proper approvals are obtained
• Reconcile bank deposits with AR postings at month-end
• Respond to internal and external inquiries regarding open balances and communicate with clients or client service professionals

Position Requirements

• Minimum of a Bachelor’s Degree in Finance, Accounting, Economics
• Minimum 2 years of progressive experience in A/R, accounting, collections roles
• Strong accounting fundamentals
• Possess intellectual curiosity and strong analytical and critical thinking skills, including the ability to effectively and autonomously problem solve
• Strong sense of urgency and ability to work under pressure in a fast paced and demanding environment, which includes handling multiple tasks and challenging deadlines
• Superior written and verbal communication skills with the ability to engage professionally and succinctly with all levels across the firm
• Ability to work with a strong sense of accountability, integrity and ownership
• Intermediate proficiency in Microsoft Office Suite, including Excel and Outlook
• Familiar with SAP or other large ERP system
• Committed to the firm’s values: Collaboration, Openness, Responsibility and Excellence that allow us to bring the best to our clients and each other

Professional Skills Requirements

• Exceptional organizational skills, including the ability to multi-task and manage a large number of ongoing initiatives
• Demonstrated ability to deliver on assigned responsibilities through pursuing excellence,
• impeccable attention to detail, and use of effective interpersonal and communication skills
• Flexibility to adapt to shifting priorities, manage deadlines, and support dynamic initiatives in fast- paced environment
• Inquisitive self-starter and quick learner; adaptable to learn new processes, concepts, and skills