Why is This a Great Opportunity?
This role offers a dynamic opportunity for professionals with a passion for precision in financial operations. As a Cash Poster in a B2B environment, you’ll be at the forefront of ensuring financial accuracy and supporting critical business processes. With the responsibility of handling various payment methods and resolving discrepancies, this position is perfect for someone who thrives in a detail-oriented environment. You will have the chance to utilize and further develop your expertise in financial reconciliation, working closely with a collaborative team in a structured, yet evolving, business setting.
Job Description
As a Cash Poster, you will be responsible for managing and posting payments received through Lockboxes, ACH, credit card payments, and hard checks to the correct invoices. Your day-to-day tasks will involve downloading banking payments, printing remits, and accurately applying payments to ensure that all accounts receivable records are up-to-date and accurate.
Key Responsibilities:
- Prepare work for processing by gathering and sorting relevant documents and information.
- Pull banking Lockbox, ACH, and wire payment information daily.
- Apply payments to appropriate invoices by verifying transaction information from various sources.
- Reconcile posting information to ensure accuracy and resolve any discrepancies.
- Research and provide account posting and payment backup information to assist the collections team with short pays, tax deductions, and other inquiries.
- Investigate documentation to resolve account payment discrepancies, including researching tax exemption information.
- Maintain detailed records of discrepancies such as short pays, overpayments, and duplicate payments.
- Secure financial information by completing database backup spreadsheets and maintaining financial historical records.
- Collaborate with other cash posters to ensure complete and accurate records, and ensure that accounts receivable ledgers and journals are up to date.
- Scan and save all relevant documents in the appropriate folders.
Qualifications
- Experience: 3 to 4 years of experience in business-to-business cash posting is preferred.
- Skills: Strong attention to detail and accuracy in processing financial transactions.
- Technical Proficiency: Familiarity with banking systems, Lockbox, ACH, wire transfers, and other payment methods.
- Analytical Skills: Ability to research and resolve payment discrepancies, and to maintain accurate financial records.
- Teamwork: Collaborative mindset with the ability to work effectively with others, including the collections team.
- Organizational Skills: Strong ability to manage documents, ensure completeness of records, and maintain up-to-date financial ledgers and journals.
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