Cash Application Specialist

Position Summary:

The Cash Applications Specialist facilitates finance activities for the U.S. Shared Service Center. This position will post payments to the correct customer accounts on a daily basis. Inputs and retrieves data from computer systems. Reconciles accounts daily and applies payments accurately and efficiently. Other duties include deciding whether to accept a request for credit and ensuring there is a process for resolving issues. This role creates and applies manual cash receipts, process spreadsheets, and support auditor requests and reports directly to the Accounts Receivable Manager.

Position Responsibilities:

• Post incoming payments (ACH, wire transfers, checks, credit cards) to correct customer accounts on a daily basis.
• Reconcile income payments against outstanding invoices and customer accounts.
• Inputs and retrieves data from computer systems and reconciles accounts daily
• Apply payments to customer accounts accurately and efficiently
• Review accounts receivable aging reports regularly and actively follow up on overdue payments, escalating issues to the AR manager as necessary.
• Responsible foraccurate and timely payment analysis of contracts to determine that appropriate reimbursement is received.
• Proactively works with payers and in-house resources to identify and resolve issues that hinder optimal and correct account payment.
• Maintain detailed and up-to-date customer records, including payment terms, credit limits, and tax exemption documentation.
• Support month-end closing activities by preparing AR reconciliations and resolving unapplied cash balances.
• Ensure adherence to internal controls and compliance with industry-specific financial regulations
• Other duties as assigned

Qualifications:

• High School diploma or equivalent, associate or bachelor's degree preferred
• Experience in Accounts Payable and/or Accounts Receivable
• Minimum 1-2 years of experience including interaction with a large customer base
• Excellent communication skills via telephone, video conferencing, email, etc. as interactions with client customers will be frequent
• Superior ability to prioritize and focus in a high-paced, multi-tasking environment
• Ability to learn new technology software skills quickly
• Proficiency in Microsoft Office including Excel, Word, and Access.
• Attention to details and commitment to accuracy
• Commitment to protecting client privacy
• Cooperative team player
• Extremely organized
• Strong customer service approach to all matters

The base pay hiring rate expected for this position is: $21 to $25 hourly.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee must occasionally lift and/or move up to 15 pounds. Specific vision abilities required by this job include Close vision, Distance vision, Peripheral vision, Depth perception and Ability to adjust focus. While performing the duties of this Job, the employee is regularly required to reach with hands and arms and talk or hear. The employee is frequently required to stand; walk; sit and use hands to finger, handle, or feel.

Mental Demands:

While performing the duties of this position, the employee will be regularly required to use written and oral communication skills; read and interpret data, information and document. Analyze and solve problems with patience and ability to manage stress. Observe and interpret situations; learn and apply new information or skills.

Benefits and Perks

Methode offers US employees Medical, Dental, Vision, Hearing, Life & Disability insurance, a wellness program, and time off benefits.

Voluntary benefit plans include Accident, Hospital Indemnity and Pet Insurance.

Methode provides an Employee Assistance Program, and participation in the Company's 401(k) plan which includes a company contribution.

Base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Hourly employees will also be paid overtime pay when working qualifying overtime hours.

Methode Electronics is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, genetic information and other legally protected characteristics per the EEO Poster available here . If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to recruiting@methode.com or call (708) 867-6777 and let us know the nature of your request and your contact information.