Cash Application Specialist

Chicago, IL Full Time
POSTED ON 4/2/2024

Lessen is one of the fastest growing companies in the real estate services industry.  Our proprietary technology platform provides clients with portfolio dashboards, the ability to review and approve project estimates, check in on project progress in real time and pay vendors all in one place!  But we aren’t just a tech company.  We are also a property service delivery company offering renovations, turns and maintenance to residential and commercial clients.  Lessen recently acquired SMS Assist, an industry-leading facilities maintenance technology and delivery company. The new combined national footprint will serve more than 250,000 properties, facilitate approximately 2.5 million repair and maintenance orders, and complete nearly 20,000 renovation and turn projects per year.  Lessen has quickly evolved from exciting startup to valued partner, delivering scalable and turnkey property services to our clients.


The Cash Application Specialist is responsible for the daily reconciliation and application of payments received to the corresponding client accounts. Research and resolve unapplied/unidentified cash postings. Responsible for identifying adjustment/discounts taken by clients and forwarding them to the appropriate AR Rep for follow up. Responsible for the daily audit of all cash application transactions to ensure accuracy to the Accounts Receivable. Additional responsibilities include credit card charging/reconciliation/chargeback review.

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What You'll Do:
  • Gather the daily payment information from the bank website and enter them into a payment log.
  • Send out daily emails informing designated departments of payments received for the day.
  • Gather the necessary data from the bank website, emails, or third-party websites to perform payment application and reconciliation.
  • Post and apply payments to the corresponding client accounts and notify assigned AR Rep of any variances or discrepancies.
  • Communicating with clients requesting appropriate remittance details.
  • Charge/Refund/Reconcile credit card payments.
  • Chargeback review/dispute resolution.
  • Perform ad-hoc projects and other duties as assigned.
  • Ensure confidentiality of internal and external data.


You Should Have:
  • Intermediate proficiency in Microsoft Word, Excel, PowerPoint, Outlook preferred
  • Bachelor's Degree
  • Minimum 2 years of experience in Accounts Receivable/Cash Applications
  • Detail-oriented, strong analytical and problem-solving
  • Ability to prioritize and work under pressure in a fast-paced environment
  • Proactive and self-motivated accounting professional, able to think independently
  • Experience with NetSuite or similar ERP system


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#IND1


Why Lessen:

·        Competitive compensation

·        Dental, Vision, Life, Disability options

·        401K retirement savings plan

·        Paid vacation, federal and floating holidays

·        Maternity/Paternity Pay

·        Career advancement opportunities

·        All the tools you’ll need to be successful


Lessen is intentional about attracting, developing, and retaining amazing talent from diverse backgrounds. We’re looking for teammates that are enthusiastic, empathetic, curious, motivated, reliable, and will help us amplify the positive & inclusive culture we’ve been building.  Lessen is an Equal Opportunity Employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information. 

Salary.com Estimation for Cash Application Specialist in Chicago, IL
$56,315 to $70,961
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