Financial Specialist- Payment Application

2 weeks ago


Cleveland, United States The Sherwin-Williams Company Full time

CORE RESPONSIBILITIES AND TASKS

CORE RESPONSIBILITY - Cash Application

  • Accurately resolve "exceptions" on customers payments in High Radius (HRC)
  • Optimize cash flow through timely and accurate cash application of customer payments
  • Ensure payment application accuracy by identifying and resolving discrepancies at the time of payment posting
  • Promote credibility by ensuring properly reflected customer statements through precise and consistent cash application practices
  • Post and apply payments from various sources including POS terminals, ACH, EFT, and Wire receipts

CORE RESPONSIBILITY - Reconciliation

  • Initiate professional contact with field personnel and customers as needed to obtain remittance advice
  • Partner with Accounting personnel to reconcile open payment reports
  • Assist in 3rd party audits related to internal customer payments
  • Reconcile bank statements against cash received in various ERP systems
  • Reconcile complex payment remits on major accounts

CORE RESPONSIBILITY - Process Improvement and Documentation

  • Assist the Cash App Manager in identifying needed process improvements in the appropriate ERP
  • Facilitate ease of research for Credit Management though succinct explanations on chargebacks and deductions
  • Maintain both physical and digital records to support corporate and 3rd party audits, including ARJV authorizations, bank reports and other records as directed by Cash Application Manager
  • Other tasks as assigned.

FORMAL EDUCATION:

Required:

  • High School Diploma

Preferred:

  • Bachelor's Degree

KNOWLEDGE & EXPERIENCE:

Required:

  • Knowledge of finance and accounting in an AR setting
  • Aptitude in critical thinking and/or business problem-solving

Preferred:

  • Accounting experience
  • Business communications experience
  • SW store, branch, or facility experience
  • Customer service experience

SKILLS/TECHNICAL REQUIREMENTS:

Required:

  • Ability to independently solve practical problems while dealing with a variety of concrete variables
  • Ability to follow cash application instructions via written and oral communication
  • Organizational and time management skills to prioritize workload in order to meet deadlines
  • Basic Accounting
  • Advanced Math Skills
  • Advanced level MS Excel Skills

Preferred:

  • CPR and/or Oracle cash app training


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