Cash Applications Specialist

Kforce Inc; New York (NY); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Health insurance

HSA

FSA

401(k)

Paid time off

Job summary

Kforce is partnering with a prestigious global professional services organization in NYC to hire a Cash Applications Specialist. The role focuses on cash application, payment allocation, and reconciliation within the Accounting department, handling high-volume payments across domestic and international accounts.

The ideal candidate will have 5+ years of experience in Cash Applications or related fields, strong reconciliation skills, and proficiency with Excel and ERP systems.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field preferred.
• 5+ years of experience in Cash Applications, Accounts Receivable, or Corporate Accounting.
• Experience processing ACH, wire, lockbox, and checks.
• Strong reconciliation and problem-solving skills.
• Ability to research payment allocation issues independently.
• Advanced attention to detail and organizational skills.

Responsibilities

• Research, process, and apply a high volume of incoming payments, including checks, ACH transactions, wire transfers, and lockbox receipts
• Accurately allocate payments across domestic, international, corporate, and client accounts
• Perform daily ACH and lockbox reconciliations
• Review and correct lockbox allocations to ensure accurate payment application
• Investigate and resolve payment discrepancies and misapplied cash transactions
• Process write-offs, adjustments, and client refunds in accordance with company policies
• Prepare and distribute daily cash collection and financial reporting for senior finance leadership
• Collaborate with accounting, billing, and collections teams regarding payment-related inquiries
• Reconcile cash activity and supporting schedules to the general ledger
• Maintain a high level of accuracy while managing significant transaction volume

Skills

Cash applications

Accounts receivable

Corporate accounting

Reconciliation

Payment discrepancy analysis

Education

Bachelor's degree in Accounting, Finance, or related field

Tools

Excel

ERP systems

Job description

Responsibilities

Kforce has partnered with a prestigious and globally recognized professional services organization in NYC to identify a Cash Applications Specialist for their growing Accounting team. Summary: This role is ideal for an accounting professional who enjoys investigative work, high-volume payment processing, reconciliations, and ensuring financial accuracy. If you have experience applying cash, researching payment discrepancies, and working with domestic and international accounts, we encourage you to apply. This is not a Collections or Billing position. This role is dedicated to cash application, payment allocation, and reconciliation activities within the Accounting department. Responsibilities:

• Research, process, and apply a high volume of incoming payments, including checks, ACH transactions, wire transfers, and lockbox receipts
• Accurately allocate payments across domestic, international, corporate, and client accounts
• Perform daily ACH and lockbox reconciliations
• Review and correct lockbox allocations to ensure accurate payment application
• Investigate and resolve payment discrepancies and misapplied cash transactions
• Process write-offs, adjustments, and client refunds in accordance with company policies
• Prepare and distribute daily cash collection and financial reporting for senior finance leadership
• Collaborate with accounting, billing, and collections teams regarding payment-related inquiries
• Reconcile cash activity and supporting schedules to the general ledger
• Maintain a high level of accuracy while managing significant transaction volume

Requirements

• Bachelor's degree in Accounting, Finance, or related field preferred
• 5+ years of experience in Cash Applications, Accounts Receivable, or ---Corporate Accounting
• Experience processing ACH payments, wire transfers, lockbox transactions, and checks
• Strong reconciliation and problem-solving skills
• Ability to research and resolve payment allocation issues independently
• Advanced attention to detail and organizational skills
• Proficiency with Excel and accounting/ERP systems
• Strong written and verbal communication skills

Preferred Experience

• Professional services, legal, consulting, or corporate accounting environment
• Exposure to domestic and international accounting operations
• High-volume transaction processing and cash management activities

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.

• We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees.
• Salaried personnel receive paid time off.
• Hourly employees are not eligible for paid time off unless required by law.
• Hourly employees on a Service Contract Act project are eligible for paid sick leave.

Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.

This job is not eligible for bonuses, incentives or commissions.

Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.