Cash Applications Specialist

4 weeks ago


Detroit, Michigan, United States Vaco Full time
Cash Application Specialist

Assist the Cash Application Manager in receiving, recording, and depositing cash receipts from clients, settlements, and other sources. Collaborate with billing departments to reconcile client accounts, track payments, and resolve any billing-related discrepancies or issues.

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.

Identify opportunities to streamline and improve the cash application process, implementing best practices and leveraging technology to enhance efficiency and accuracy.

Develop and maintain unapplied cash policies and procedures, ensuring alignment with industry best practices and regulatory requirements.

Establish guidelines and thresholds for unapplied cash, including levels of authority and documentation requirements, and ensure adherence to established procedures.

Work with the 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.



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