Cash Application Specialist
Dairy Farmers of America
**Job Description**
The Cash Application Specialist is responsible for completion of timely and accurate application of customer payments received through bank lockbox, ACH, Wire, Credit Card or other methods to customer invoices.
A strong customer service mindset is required for success. The Cash Application Specialist will work with customers and cross-functional teams to understand and resolve payment application issues while adhering to established company policies and procedures.
Key Responsibilities:
· Reconcile payment remittance advice to the payment and funds received at the bank daily.
· Update accounts receivable documents based on the payment remittance advice, supporting documents, and defined procedures.
· Maintain files of payments and support in a logical system for storage and retrieval.
· Matches payment support to system control documents for deduction processing.
· Forwards documents to appropriate accounts receivable team members for processing.
· Follows up with trade customers’ accounts payable contacts for questions related to payments or supporting documents.
· Work to reduce exceptions through root cause analysis and escalation
· Support Deductions Team and Collections Team with clarification / guidance on unidentified payments
· Minimize risk of loss to the company by ensuring that overall customer collection status is assessed prior to the issuance of promotional rebates/incentives
· Assist with necessary customer communications
· Must be willing to work longer than 8 hours if necessary
· Ability to adapt to constantly changing environments & priorities
· Able to manage multiple tasks simultaneously to completion with sound business judgment
· Special projects as assigned
**Requirements**
Minimum Job Qualifications:
Education required:
· High School Diploma or equivalent with some college preferred
Business experience required:
· Minimum of two years relevant, applicable and transferable experience in a corporate and/or Shared Services environment or equivalent (may be a developmental role based on prior skillset or degree)
· Highly organized
· Significant attention to detail
· Strong analytical thinker / capabilities
· Good communicator with excellent interpersonal and customer service skills
· Excellent problem-solving skills
· Team player
· Knowledge of transactional processes and systems
An Equal Opportunity Employer
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