Cash Applications Job Description
Cash applications
provides analytical and reporting support for compliance, audit, accounting and management requests involving bank accounts, cash balances, or other Treasury matters.
Cash Applications Duties & Responsibilities
To write an effective cash applications job description, begin by listing detailed duties, responsibilities and expectations. We have included cash applications job description templates that you can modify and use.
Sample responsibilities for this position include:
Train and assist department personnel in specific accounting tasks and in the use of systems
Previous experience with accounting ERP systems is required
Perform the standard duties of the Senior Cash Applications Associate
Work closely with our team of Accountants, Finance Management, Commercial Operations and Service personnel to research and resolve inquiries in support of month end closing and financial reporting
Post cash receipts to appropriate computer systems
Extract and review data from multiple bank accounts
Research undocumented cash receipts for disposition
Perform remote bank deposits
Assist department personnel with research and resolving payment applications
Work with banking to resolve payment disputes
Cash Applications Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Cash Applications
List any licenses or certifications required by the position: GOLD, EPIC
Education for Cash Applications
Typically a job would require a certain level of education.
Employers hiring for the cash applications job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Accounting, Finance, Business, Education, Associates, Business/Administration, General Education, Communication, Finance/Accounting, Management
Skills for Cash Applications
Desired skills for cash applications include:
Banking policies and procedures
SAP
Microsoft Office
Credit Control
Treasury & bank Reconciliation and FP&A
Using on-line systems for input and inquiry
Word
Accounting
System capabilities and coordinating cash transactions
Excel
Desired experience for cash applications includes:
Cash application experience a plus
Ability to work well in a team environment and communicate within a team environment
Of clearing bank account
Most of the day the person in this role will be handling cash applications work
Maintain Business As Usual (BAU)
Able to guide the team and resolve their queries
Cash Applications Examples
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Cash Applications Job Description
Job Description Example
Our company is growing rapidly and is looking for a cash applications. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for cash applications
- Extensive research using QMF and Lawson DME queries
- Research, analyze and make recommendations for improving methods and procedures
- Performing on a monthly basis the reconciliation of all bank accounts from simple to medium tasks
- Booking of other ad hoc journals Bank Charges, Interest
- Participating in various project work as deemed necessary SOX
- Exercise care in performing regular duties to eliminate errors and prevent delay
- AR Analyst interaction
- Applies payments to customers’ accounts on a daily basis
- Researches check, credit card and EFT exceptions on a daily basis
- Demonstrated ability in Strategic Agility, Problem Solving, Priority Setting and Planning, and Delegation
Qualifications for cash applications
- Lookout for automation opportunities to bring efficiency
- Responsible for development of human resources including but not limited to yearly performance evaluations
- Manage Client and Process independently and with minimum supervision
- Ensure process is run per guidelines of Internal Control
- Explore gaps and tighten control checks to ensure there is no variances from standard operating procedure
- Good knowledge of Accounts Receivable function specifically Cash Application
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Cash Applications Job Description
Job Description Example
Our growing company is hiring for a cash applications. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for cash applications
- Receive, sort and distribute department mail
- Provide system and SOP training to new employees in department
- Analyze current workflow processes and reports
- Stay informed as to relevant skill and qualification levels required by staff for effective performance and circulate requirements and relevant information throughout the organization
- Develop self and knowledge in relevant field at all times - including relevant systems and processes (LCBS, lean processes, etc)
- Train and develop technical training content related to various RCM Billing Operational needs
- Review and provide feedback of various Standard Operating Procedures (SOPs)
- Design training courses and programs necessary to meet the training needs of new and existing RCM Billing Operations employees
- Evaluate new, presently existing, and proposed training methodologies
- Plan and professionally deliver training courses, as necessary, to all levels of the Billing Operations department and other affected areas
Qualifications for cash applications
- Should be able to work with numbers and have knowledge of journal entries
- Will consider other ERP exp
- Previous experience working with a major ERP/CRM application is preferred
- Ability to communicate and work effectively with all levels of management is necessary
- Meticulous attention to detail and strong problem solving skills are desired
- Proven ability to work in autonomy in a team
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Cash Applications Job Description
Job Description Example
Our company is looking for a cash applications. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for cash applications
- Travel in order to provide technical and soft skill training
- Prepare cash batches and adjustments for imaging
- Prepare cash receivables report daily
- Monitor completed PIA invoices to ensure payment is received timely
- Maintain other reports and logs for NSF checks, adjustments and other job functions which require monitoring
- Apply cash to customer accounts
- Post high-volume cash receipts
- Process wire, check and credit card payments
- Track daily deposits
- Retrieve remittance data
Qualifications for cash applications
- Demonstrated interpersonal, communication & customer management skills a must
- Working knowledge of accounts receivable and accounts payable
- Two or more years of lead or supervisory experience
- Detail oriented with ability to prioritize work and good analytical skills
- Medical billing or accounting background preferred
- 10-key by touch, 8,000 minimum kph
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Cash Applications Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of cash applications. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for cash applications
- Identifies on primary payment (EOB) when secondary payor is present and refers accordingly
- Scans EOB for incorrect and/or inconsistencies in reimbursement
- Maintains confidentiality in regards to patient account status and financial affairs of practice
- General/daily cash applications
- Post a high-volume of cash receipts
- Provide required reports accurately and timely
- Generate customer account reconciliation report
- Assist with bank account reconciliation
- Create process document for duties and responsibilities
- Provide up back as needed within the department
Qualifications for cash applications
- Identify and solve problems creatively
- Bachelor’s degree (finance, accounting, economics, mathematics ) or equivalent experience
- Education equivalent to graduation from high school, supplemented by courses in mathematics and keyboarding skills, or the equivalent in related work experience
- Years of general office experience, demonstrating a good aptitude for mathematics and data entry skills
- Demonstrates a general knowledge of PC applications
- Consulting skills, Influence skills and Facilitation skills, the ability to justify and sell ideas to senior management, the ability to work in groups and teams to identify issues and solve problems
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Cash Applications Job Description
Job Description Example
Our company is searching for experienced candidates for the position of cash applications. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for cash applications
- Resolves payment problems/ discrepancies in a timely manner
- Evaluates and documents the issue or problem for the department
- Reconcile the cash receipts daily to ensure all is in balance and accounted for within the receiving and posting process
- Accurately files all customer files
- Answer inquires from customers and company personnel regarding payment applications
- Return messages or inquiries for information requested in a timely basis
- Place collection calls for specified past due accounts as directed
- Post cash payments daily and accurately
- Resolve questions/ inquiries within an acceptable period
- Complete assigned collection calls within standards
Qualifications for cash applications
- JD Edwards experience a plus must have advanced Excel skills
- Associate’s degree in Accounting/Finance/Business Administration, preferred
- Strong knowledge of spreadsheet programs (MS Excel), experience with v lookups is required
- Bachelor's degree or equivalent work experience (five years patient financial services experience in healthcare billing environment)
- Should have analytical aptitude and ability to translate functional needs to computerized environment
- EPIC payment posting certification preferred