Archived listing. The details below describe a past opening.
We are looking for a Cash Application Specialist to support day-to-day payment posting and receivables activity for a long-term opportunity in Bethesda, Maryland. This position focuses on accurately applying incoming funds, reviewing account activity, and helping keep customer balances current and properly documented. The ideal candidate brings hands-on accounts receivable and cash posting experience, strong attention to detail, and the ability to manage deadlines in a fast-paced environment.
Responsibilities:
- Review daily bank deposit information received from multiple channels to ensure timely processing.
- Apply incoming payments from multiple sources, including lockbox, wire activity, electronic remittance platforms, and other payment streams.
- Research unapplied cash and credit balances, then resolve discrepancies to complete posting to accounts.
- Examine payments to confirm the proper account coding and support accurate ledger allocation.
- Update and maintain banking details as required.
- Administer records associated with the auto-debit program, including routine updates and data maintenance.
- Record approved bad debt adjustments and process returned payment items in accordance with established procedures.
- Prepare journal entries and complete additional cash application or accounts receivable tasks as needed by the team.
- At least 3 years of experience in cash applications, accounts receivable, cash posting, or payment processing.
- Practical experience working accounting tools such as JDEdwards, Netsuite, Intacct, or other similar platforms.
- Ability to handle journal entry support and payment posting activities with strong accuracy and consistency.
- Clear written and verbal communication skills, with the ability to collaborate effectively across teams.
- Strong analytical thinking and attention to detail when researching payment issues and account discrepancies.
- Well-developed organizational skills and the ability to manage changing priorities under tight deadlines.
- Degree in Accounting, Finance, Business or other related fields of study required.
- Real Estate or Financial Services industry experience is preferred but not required.