Cash Application Specialist

1 week ago


Detroit, Michigan, United States Personnel Management Solutions, Inc. Full time
Job Overview

We are seeking a highly skilled Cash Application Specialist to join our team at Personnel Management Solutions, Inc. in Detroit, Michigan. As a key member of our financial operations team, you will play a critical role in ensuring the efficient and accurate processing of client payments.

Key Responsibilities
  • Receiving and Processing Cash Receipts: Assist in receiving, recording, and depositing cash receipts from clients, settlements, and other sources.
  • Collaboration with Billing Departments: Work closely with billing departments to reconcile client accounts, track payments, and resolve any billing-related discrepancies or issues.
  • Investigation and Resolution: Investigate and resolve any discrepancies or disputes related to cash receipts, working closely with clients, attorneys, and other stakeholders to address issues promptly and effectively.
  • Process Improvement: Identify opportunities to streamline and improve the cash application process, implementing best practices and leveraging technology to enhance efficiency and accuracy.
  • Policy Development: Help develop and maintain unapplied cash policies and procedures, ensuring alignment with industry best practices and regulatory requirements.
  • Communication and Collaboration: Work with Cash Application Manager and Billing Attorneys to reduce unapplied cash balances and communicate unapplied cash decisions to relevant stakeholders, providing clear rationale and guidance as needed.
Requirements
  • Education and Experience: Bachelor's degree in accounting, finance, or a related field, or equivalent professional experience.
  • Technical Skills: Advanced knowledge in Microsoft Excel (advanced formulas/functions, pivot tables, VBA) with proficiency in Microsoft Word and PowerPoint.
  • Soft Skills: Excellent attention to detail and analytical skills, strong communication and interpersonal skills, with the ability to collaborate across departments and interact with clients and vendors.
  • Work Environment: Ability to prioritize tasks and work effectively in a fast-paced, deadline-driven environment.


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