Cash Application Specialist

Soni's client is seeking one Cash Application Specialist to join their AP/AR team. The Cash Application Specialist is responsible for the timely and accurate application of cash receipts. In this position, the Cash Application Specialist is expected to become proficient in utilizing company policy administration systems to accurately apply cash received to open receivables, investigate discrepancies, communicate with internal and external parties to resolve open items and perform invoicing functions.

Responsibilities:

• Handle day-to-day workflow arising from emails and daily tasks.
• Ensures proper documentation is on file and kept current by managing and tracking loan document activity.
• Communicate with brokers for timely payments required from insured parties.
• Maintain accurate records of all communications, payment agreements, and collections activities in the company’s financial system.
• Provide timely responses to inquires that generate from Brokers and Internal Customers.
• Generate and distribute monthly broker statements.
• Investigate and resolve any billing issues or disputes that may arise, working with clients and internal teams to reach satisfactory resolutions.
• Identify opportunities to streamline collections processes and contribute to the development of best practices.
• Prepare and present regular reports on the status of accounts receivable and collection activities to management.
• Run and analyze accounts receivables reports to identify collections opportunities.
• Other duties, as needed, on an ad hoc basis.

Requirements:

• Bachelor’s degree preferred.
• Prior experience as a Finance Clerk.
• Multitasking abilities to manage several different client files at the same time.
• Excellent telephone skills to effectively communicate with brokers and agents over the phone.
• Interpersonal and listening skills to work with customers in stressful financial situations.
• Ability to explain insurance product options and problem-solving skills.
• Organizational skills to ensure data, information, reports, and communications are effectively stored and located as needed.
• Proficiency in Excel, Word, and Outlook.
• Ability to build strong working relationships with operational and financial personnel and meet deadlines.
• Strong communication skills both verbal and written.
• Punctuality and timeliness.
• Must be able to work in a fast-paced environment.

Compensation: $60K-$66K a year

Salary is based on a range of factors that include relevant experience, knowledge, skills, other job-related qualifications.