Cash Applications Specialist II

Red Coats Inc.; Bethesda (MD); On-site; USD 40,000 - 60,000; Full time

Job summary

A leading company in office cleaning services is seeking a motivated Cash Application Specialist to process daily cash receipts, including various payment methods. The ideal candidate will have prior cash application experience and strong Excel skills. This position offers excellent benefits such as comprehensive medical insurance and a supportive work environment for career advancement.

Benefits

Comprehensive medical, dental, and life insurance

401(k) plan

Free parking

Generous paid leave

Tuition assistance for career advancement

Qualifications

• Prior cash application experience is a must.
• Strong knowledge of Excel, MS Word, and Windows.
• Ability to effectively organize and prioritize activities.

Responsibilities

• Accurately apply lockbox deposits, live checks, and payments.
• Perform daily cash reconciliations and assist with month-end.
• Collaborate with team members to resolve financial discrepancies.

Skills

Cash application experience

Advanced Excel skills

Analytical skills

Attention to detail

Ability to work independently

Organizational skills

Job description

Overview

Red Coats Inc. is a privately held company founded over 60 years ago based in Bethesda, Maryland. We specialize in providing commercial office cleaning services to a myriad of customers. We have established ourselves as a results-oriented, customer-focused company, and now have multiple offices in Maryland, Virginia, North Carolina, Florida, and Texas. As we continue to grow, we are seeking to hire a dynamic and motivated Cash Application Specialist who will be responsible for processing the daily cash receipts to include lock box, ACH, and credit and debit card payments. The position requires advanced knowledge of banking, merchant services and related technologies. We offer EXCELLENT BENEFITS, including comprehensive medical, dental, and Life Insurance, 401 (K) – FREE PARKING - GENEROUS PAID LEAVE, AND TUITION ASSISTANCE FOR CAREER ADVANCEMENT.

Responsibilities

• Accurately apply lockbox deposits, live checks, credit cards, wire transfers, ACH payments and payments to all invoices listed on customers’ remittances and properly chargeback deductions in a timely manner; this includes pulling and attaching backup for deductions.
• Process credit memos and apply heavy cash application accurately and within established timelines.
• Take charge of loading deposits and manipulating data for account management.
• Manually post or upload payments – must possess technical skills – Intermediate to Advanced Excel
• Responsible for performing all required cash reconciliations daily and at month end.
• Work collaboratively with other internal team members to identify, address, and resolve items from potentially disparate pieces of the company’s financial interests.
• Assists with special projects and compiles reports.

Qualifications

• Prior cash application experience is a must.
• Strong knowledge base on Excel, MS word and Windows based products skills are necessary for this role.
• Must be able to effectively organize and prioritize activities and perform under strict deadlines.
• Strong analytical skills with the ability to research and make corrections as necessary.
• Strong accuracy and attention to detail.
• Ability to think quickly in a fast-paced environment.
• Ability to work independently and as a team member.