Cash Application Specialist
1 week ago
Temporary 3 month contract
**In-person**: 6600 Goreway Drive, Unit D, Mississauga, ON (Derry Rd/Goreway)
Position Summary & Purpose
Primary Responsibilities & Duties
**Key Responsibilities**:1. Payment Processing**:
- Post all cheque, cash, electronic transfer, credit card payments and credit and debit adjustments to the correct customer accounts in the billing system on a daily basis.
- Investigate and address unapplied and unallocated receipts daily.
- Accurately prepare all deposit slips and perform daily deposit at the bank as required.
2. Customer Account Maintenance
- Maintain accurate and up-to-date records of customer accounts.
- Research and resolve account discrepancies, including short pays, overpayments, and misapplied funds.
3. Collaboration
- Work closely with the Accounts Receivable, Billing, and Customer Service teams to resolve payment-related inquiries.
**4. Reconciliation and Reporting**:
- Maintain daily report for all Non-Account Receivable cash receipts.
- Prepare total deposit listing for review on a daily basis
- Perform daily and monthly reconciliations of cash receipts to ensure data accuracy.
- File and post journals, cash receipts and stub/cheque copies on a daily basis
**5. Process Improvement**:
- Assist in the development and documentation of standard operating procedures.
**Qualifications**:
Education
- School diploma or equivalent required; Associate or Bachelor’s degree in Accounting, Finance, or a related field preferred.
Experience
- Familiarity with accounting software and ERP systems (Microsoft Business Central preferred).
**Skills**:
- Strong attention to detail and accuracy.
- Excellent math skills
- Proficient in Microsoft Office, especially Excel.
- Excellent problem-solving and analytical skills.
- Strong communication and interpersonal skills.
**Additional Requirements**:
- Ability to work in a fast-paced environment and meet deadlines.
- Strong organizational skills and ability to prioritize tasks effectively.
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