Cash Application Specialist

1 month ago

Detroit, Michigan, United States Rithum Full time

RithumTM is the world's most trusted commerce network, accelerating how brands, suppliers, and retailers work together to deliver seamless e-commerce experiences. We provide an unmatched platform for brands and retailers, enabling them to accelerate growth, optimize operations across channels, scale product offerings and enhance margins.

Today, more than 40,000 companies trust Rithum to grow their business across hundreds of channels, representing over $50 billion in annual GMV. Using our commerce, marketing, and delivery solutions, our customers create optimized consumer shopping journeys from beginning to end.

Overview

The Cash Application Specialist is an essential part of the Accounting team, responsible for ensuring the accurate accounting and reporting of cash in alignment with US Generally Accepted Accounting Principles (GAAP). This role requires a skilled communicator and problem-solver who can effectively collaborate with various departments. The specialist will utilize advanced systems and computing tools to streamline accounting and reporting processes. Key responsibilities include managing the cash application process, acting as a liaison between different financial functions, resolving payment and invoicing issues, and collaborating with multiple departments to address and resolve financial discrepancies. The ideal candidate will have strong communication skills, advanced Excel proficiency, and attention to detail.

Responsibilities

  • Take primary ownership of the entire cash application process, ensuring accurate and timely application of customer remittances and payments.
  • Collaborate with department leaders to investigate and resolve any unapplied customer cash received.
  • Act as the central liaison between Billing, Collections, and Accounting functions within the Finance department to ensure seamless communication and problem-solving.
  • Proactively investigate and resolve payment or invoicing issues by engaging directly with customers and internal stakeholders to ensure all discrepancies are addressed promptly.
  • Work closely with various departments, including Sales, Legal, Business Operations, Services, Accounts Payable, Billing, and Collections, to resolve financial issues and ensure smooth financial operations.
  • Complete ad hoc reporting and handle additional project requests as assigned by managers, providing timely and accurate data to support decision-making processes.

Qualifications

Minimum Qualifications

  • At least 1 year of hands-on professional experience in a corporate environment, with a focus on accounting, banking, finance, or related fields.
  • Strong written and verbal communication skills, with the ability to convey complex information clearly and effectively to various stakeholders.
  • Strong experience using Excel functions such as VLOOKUP, pivot tables, and other advanced tools, along with a willingness to learn and adapt to new systems and technologies.
  • Ability to process high volumes of transactions with a keen eye for detail and a commitment to accuracy.
  • Have a basic understanding of cash reconciliations, with the ability to ask questions, investigate discrepancies and problem solve
  • Ability to work standard business hours Eastern Time (Monday – Friday 8am – 5pm)

Preferred Qualifications

  • Experience using NetSuite, Celigo, Salesforce, Paystand and Payoneer.
  • A solid working knowledge of accounting principles, finance concepts, and transaction processing.
  • Previous experience in transaction processing or cash reporting, showcasing the ability to handle complex financial data and reporting tasks.

Travel Required

Up to 10%

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

What it's like to work at Rithum

When you join Rithum, you can expect to work with smart risk-takers, courageous collaborators, and curious minds.

As part of the Rithum team, you are valued, supported, and included. Guided by a transparent culture and accessible, approachable leadership, we offer career opportunities aligned to your ambitions and talents. To ensure work and life balance works for you, we also offer an array of resources to support you and your families, including comprehensive benefits and wellness plans.

At Rithum you will:

  • Partner with the leading brands and retailers.
  • Connect with passionate professionals who will help support your goals.
  • Participate in an inclusive, welcoming work atmosphere.
  • Achieve work-life balance through remote-first working conditions, generous time off, and wellness days.
  • Receive industry-competitive compensation and total rewards benefits.

Benefits

  • Medical, dental and vision benefits: Affordable health care plans and company HSA contributions, starting on Day 1
  • A 6% 401(k) match
  • Competitive time off package with 20 days of Paid Time Off, 9 paid company holidays, 2 paid floating holidays, 7 paid sick days, 2 Wellness days, and a paid volunteer day
  • 12 weeks primary caregiver leave & 4 weeks secondary caregiver leave
  • Accident, critical illness, and hospital indemnity insurance
  • Pet insurance
  • Legal assistance and identity theft insurance plans
  • Life insurance 2x salary
  • Access to the Calm app, MoveSpring, and Employee Assistance Program
  • Remote work stipend for internet, cell phone, office furniture and supplies
  • Culture and team-building activities
  • Tuition assistance
  • Career development opportunities
  • Charitable contribution match up to $250 per year

Rithum is an equal opportunity employer. We celebrate diversity and are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates without regard to race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other protected characteristic. All employment is decided on the basis of qualifications, merit, and business need.

We're committed to providing reasonable accommodations in accordance with the law for qualified applicants. If you require assistance during the interview process due to a medical condition or need support accessing our website or completing the application process, please reach out to us by completing the Accommodations Request Form ) . Your comfort and accessibility are important to us, and we're here to ensure a seamless experience as you explore opportunities with our team.


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