Cash Processor

Magnera Corporation; Evansville (IN); On-site; USD 45,000 - 60,000; Full time

Job summary

Magnera Corporation in Evansville, Indiana is seeking a Cash Processor to post and balance diverse payment streams, including ACH, wires, and lockbox feeds, supporting accurate revenue recognition.

This role collaborates with accounting and finance, requires strong numerical aptitude, attention to detail, and proficiency with ERP systems and MS Office; prior AR/ cash applications experience preferred.

Qualifications

• Minimum 1-3 years of experience in cash applications, accounts receivable or related field preferred.
• Excellent written and verbal communication skills.
• Experience with ERP systems and customer portals preferred.
• Proficiency in Microsoft Excel, Word, and PowerPoint.

Responsibilities

• Manage daily cash application to post customer payments via ACH, wires, and lockbox feeds.
• Reconcile daily cash logs, lockbox files, and merchant settlement reports against balances.
• Identify, research, and resolve payment discrepancies in collaboration with stakeholders.
• Maintain electronic audit trails for processed transactions for audits.
• Collaborate with treasury to streamline cash processing workflows and tools.
• Follow safety, environmental and regulatory requirements.
• Perform other tasks as assigned.

Skills

Attention to detail

Numerical ability

Problem solving

Communication skills

Multitasking

ERP systems

Excel

Word

PowerPoint

Tools

ERP systems

Job description

Overview

Magnera's purpose is to better the world with new possibilities made real. For more than 160 years, the originating companies have delivered the material solutions their partners need to thrive. Through economic upheaval, global pandemics and changing end-user needs, they have consistently found ways to solve problems and exceed expectations. By bringing together these legacy companies, the distinct scale and comprehensive portfolio of products will bring customers more materials and choices. With a combined legacy of resilience, Magnera will build personal partnerships that withstand an ever-changing world.

The Cash Processor is responsible for posting and balancing diverse payment streams – including ACH, wires, and lockbox feeds. In this role, you will work closely with the accounting and finance departments to reconcile accounts, investigate discrepancies, and maintain strict adherence to internal financial controls and corporate governance standards.

Responsibilities

• Manage the daily cash application process to ensure prompt and precise posting of customer payments received via ACH, wire transfers, and lockbox feeds.
• Reconcile daily cash logs, lockbox files, and merchant settlement reports against customer account balances.
• Identify, research, and resolve payment discrepancies, shortfalls, unapplied cash, and invoice deductions in collaboration with internal stakeholders and customers.
• Maintain organized electronic audit trails for all processed transactions, supporting periodic internal and external audits.
• Collaborate with the treasury and credit management teams to streamline cash processing workflows, and implement automated posting tools.
• Follow all company safety, environmental and regulatory requirements.
• Perform other tasks as assigned.

Qualifications

• Minimum 1-3 years of experience in cash applications, accounts receivable or related field preferred.
• Exceptional attention to detail, strong numerical aptitude and proven problem-solving abilities.
• Excellent written and verbal communication skills.
• Ability to manage multiple priorities in a fast-paced environment.
• Experience with ERP systems and customer portals preferred.
• Proficiency in Microsoft Excel, Word, and PowerPoint.