Cash Applications Specialist

Mansfield Energy Corp; Houston (TX); On-site; USD 50,000 - 70,000; Full time

Benefits offered by this job

Comprehensive health, dental, and vision insurance

401(k) plan with company match

Paid time off including holidays

Job summary

A leading energy company in Houston is seeking a Cash Applications Specialist to manage cash reconciliation, customer payments, and resolve inquiries. This mid-senior level role requires at least 3 years of cash applications experience and familiarity with accounting practices. The position offers a full-time opportunity with comprehensive benefits including a 401(k) plan and tuition reimbursement.

Qualifications

• 3+ years of cash applications or related banking experience.
• 1-2 years of accounting experience.
• Intermediate to advanced Microsoft Excel and Outlook skills.

Responsibilities

• Reconcile company cash deposits and research customer remittance information.
• Process ACH payment returns and manage daily workload.
• Resolve customer inquiries and issues related to cash applications.

Skills

Cash applications experience

Accounting experience

Microsoft Excel

Strong communication skills

Attention to detail

Education

High School diploma

Tools

Microsoft Excel

Microsoft Outlook

Job description

Join to apply for the Cash Applications Specialist role at Mansfield Energy Corp

Job Summary

The Cash Applications Specialist is responsible for reconciliation of all company cash deposits, researching/identifying customer remittance information, drafting funds from customer accounts, processing ACH payment returns, and communicating with collections in response to correspondence received.

Cash Reconciliation

• Pull cash transactions daily for all bank accounts and enter cash receipts in various banks
• Create and distribute daily cash receipts listing to internal departments
• Post EFT file daily in PDI; create, edit and configure bank file for next day’s EFT transactions
• Process manual drafts by request of Customer Relationship Managers
• Maintain unallocated daily spreadsheet for unposted cash
• Assist GL team with any cash application issues to ensure all items are processed
• Maintain accurate records for audit purposes to include remittances, bank statements and write-off approvals

Apply Customer Invoice Payments Received

• Research and resolve existing or missing remittance information using both internal and external software/systems
• Communicate with collections team daily for missing remittance information
• Manage daily time/workload in order to ensure that the Collections team has sufficient time to complete their daily tasks
• Build Excel templates that utilize pivot tables, vlookups, etc. to match company transactions to customer remittances for large complex accounts
• Process any customer check by phone payments
• Ensure intra-company cash transfers are properly processed and posted
• Receive EBIZ credit card settlement daily to post payments

Cash Receipts Processing

• Pull lock box information from banks and ACH payments
• Complete deposit slips or process deposits through on site scanner for those payments not received through the lock box

Customer Service

• External – research and resolve customer inquiries and cash application questions
• Internal – communicate/integrate with collections regarding the status of outstanding customer issues

ACH Returns

• Determine the source of transactions and take appropriate action including the following:
• Notify collections team of the returned item and notify the cash application team to place the receivable back onto the customer’s account
• Reinitiate an account debit or customer draft when appropriate
• Initiate a manual payment to vendor
• Determine and communicate if an account correction is necessary

Formal Education & Certification

• High School diploma required

Knowledge & Experience

• 3+ years of cash applications or related banking experience required
• 1-2 years of accounting experience required
• Microsoft Excel and Outlook skills at the intermediate to advanced level
• Intermediate computer skills and system skills
• Excellent keyboarding skills including 10-key (10,000 key stroke minimum)

Qualifications & Characteristics

• Strong communication skills
• Highly organized
• Attention to detail
• The ability to work in a team environment

Work Environment

• 40-hour on-site work week
• Sitting for extended periods of time
• Dexterity of hands and fingers to operate a computer keyboard, mouse, power tools, and other computer components
• Ability to work overtime when required

Benefits

• Comprehensive benefit package (health, dental, vision, Company paid: Life insurance, STD and LTD)
• 401(k) plan with company match
• Paid Time Off that includes vacation days, sick leave, 8 paid holidays, 2 floating holidays and a paid day for volunteering at a non-profit agency
• Parental Leave
• Tuition Reimbursement
• Insurance Discount Programs
• Chaplain Program

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Seniority Level

Mid-Senior level

Employment Type

Full-time

Job Function

Administrative

Industries

Oil and Gas