Cash Applications Specialist I

GreatAmerica Bank National Association; Cedar Rapids (IA); Hybrid; USD 42,000 - 60,000; Full time

Benefits offered by this job

Hybrid work arrangements

Health Insurance

401(k) and Company Match

Paid Time Off

Bonus program

Paid Holidays

Job summary

GreatAmerica Bank National Association is seeking a Cash Applications Specialist to own payment processing and posting activities across multiple channels. You will ensure accurate invoicing, timely postings, and delinquency reporting while building relationships with internal and external customers.

You will work with systems such as InfoLease, ServiceCloud, Lockbox Reporter, PBS, SharePoint and OnBase, performing reconciliations, setting up customer banking data for ACH and balancing posting

Qualifications

• High School Diploma or equivalent required.
• Two-year college education desired.
• One to three years’ experience or equivalent combination of education and experience.
• Computer skills: Excel, Word, Access, Outlook, InfoLease, SharePoint, PBS, OnBase

Responsibilities

• Own cash application processes including applying payments by various methods (Lockbox, ACH, Phone Pay, Bill Pay, Live)
• Reformat and balance daily posting files from Banks, Phone Pay Portal, ACH
• Assist with daily reconciliations to ensure accuracy
• Set up customer banking information for ACH processing and generate/transmit withdrawal files
• Post cash journal entries reflecting payment activity; respond to customer inquiries and research requests

Skills

Cash applications

Accounting

Excel

InfoLease

SharePoint

OnBase

Lockbox processing

Multi-tasking

Education

High School Diploma or equivalent

Two-year college education desired

Tools

Infolease

PBS

OnBase

Lockbox Reporter

SharePoint

Excel

Outlook

Job description

GreatAmerica is a highly successful entrepreneurial company providing equipment financing to businesses across the United States. Our exemplary customer service, our principle-centered business philosophy and our team-based operating approach are key to our success and growth. We have also recently become a bank! We Are Looking to Add a Key Member to Our Cash Applications Team!

Ownership of Cash Application related duties for GFSC Including, applying payments quickly and accurately to ensure accurate invoicing, delinquency reporting, and timely late charge posting. This role provides opportunity for working and building relationships with internal and external Customers. As a Cash Applications Specialist, you will: Basic understanding of the systems utilized by Cash to service various types of contracts with a focus on Infolease, ServiceCloud, Lockbox Reporter, and other Cash Application platforms Exhibits understanding of lessors and differing needs based on industry or customer preference. Owns cash application processes including, but not limited to: Applies payments received by various methods (Lockbox, ACH, Phone Pay, Bill Pay, Live), in conjunction with lease agreement Reformat and balance daily posting files from various resources (Banks, Phone Pay Portal, ACH). Assist with daily reconciliations to ensure applications are complete and accurate Set up customer banking information for ACH processing and generate/transmit withdrawal files. Process returned payment notifications from various sources Post Cash journal entries reflecting payment application activity Assist with routine quality control checks to ensure accuracy and deliver a superior customer experience. Responsible for pulling and balancing Assist in basic daily and monthly disposition tasks, as needed Responsible for the completion of work orders/cases/emails, and other requests submitted to the Cash Team Responds to customer inquiries and research requests Lives the GreatAmerica principles; involved in cross functional team efforts as required and assigned

To be successful in this role you will need:

Education High School Diploma or equivalent required Two-year college education desired Experience One to three years’ experience or equivalent combination of education and experience required Computer Skills Excel, Word, Access, Outlook, Infolease, SharePoint, PBS, and OnBase

Other Requirements

Ten-key calculator, ability to multi-task, ability to work in a fast-paced environment, ability to meet deadlines, ability to be a strong positive team player, takes initiative

Sharing rewards is an integral part of our culture. We believe in the value of hard work and reward our employees beyond the paycheck. Our total rewards package is based on eligibility and includes:

• Financial Benefits
• Competitive Compensation
• Monthly Bonuses for Eligible Employees
• 401(k) and Company Match
• Annual Profit Sharing
• Paid Time Off
• Health, Wellbeing, and Family Planning Benefits
• Paid Vacation
• Paid Sick Days
• Paid Holidays
• Gym Reimbursement
• Health Insurance
• Dental Insurance
• Vision Insurance
• Short-Term and Long-Term Disability
• Company Paid Life Insurance
• Flexible Spending Accounts (FSA)
• Health Savings Accounts (HSA)
• Employee Assistance Program
• Parental Leave
• Education and Career Planning Benefits
• Tuition Assistance
• Networking Opportunities
• Leadership Development Opportunities
• Perks
• Paid Parking
• Service Awards
• Hybrid work arrangements
• Business casual environment
• A strong organizational culture focused on our greatest asset: you!

We value diverse backgrounds and adding new perspectives.

Please note, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa.

GreatAmerica is the largest independent, family-owned national commercial equipment finance companies in the U.S. and is dedicated to helping manufactures, vendors, and dealers be more successful and keep their customers for a lifetime. With a focus on the small ticket vendor and OEM finance channel we have partnered with some of the largest and industry leading companies in the Office Equipment, Communications, IT, Automotive, Construction, Healthcare, and Franchise market sectors. In addition to financing, GreatAmerica offers innovative non-financial services to help our customers grow. We have also recently become a bank! At GreatAmerica we enjoy the benefits of being independent and family-owned, fostering quick decision making, customer response and innovation. Established in 1992 our team has grown to over 750 employees and a portfolio of over $3+ Billion. Our exemplary customer service, principle-centered business philosophy and team-based operating approach are key to our success and growth. With a strong balance sheet and consistent financial performance through all economic cycles, GreatAmerica has experienced amazing results and unparalleled growth. When you are part of the GreatAmerica team, you will grow professionally and work with some of the most talented finance professionals in the industry. There is no doubt in our minds we are building the greatest company of its kind, offering the finest products and services available anywhere. When you are part of the GreatAmerica team, you are part of the future, part of an opportunity to grow professionally and to reach your potential while enjoying your work.