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Cash Application Specialist

Meritor Florence, KY Full-Time
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Maintains and updates customer account receivables through the application of cash receipts to the accounts receivable system. Provides verbal and written information to all appropriate parties regarding cash activity.

Job Responsibilities:

• Customer Accounts: 800
• Payments Entered: $160 million monthly (50,000 - 75,000 lines of application)

Principle Accountabilities:
• Responsible for all aspects of applying payments accurately to customer invoices, and posting of non-AR payments to appropriate accounts. This includes utilizing Oracle Auto Cash routine to post and apply payments and accessing bank portals to obtain payment information to create Auto Cash files using a variety of solutions. Payments include lockbox check payments, wires, ACH's, credit card and intercompany transfers.
• Process credit card payments from customers as needed.
• Initiate action on Customer short-pays by creating Chargebacks assist in resolving issues.
• Communicate with collectors to resolve inadequate remittance advice issues (cash on account).
• Communicate to Customer Standard Maintenance changes in customer bank account info (used in auto-application of payments) and customer payment relationships (to enable cross-customer application).
• Daily, Weekly and Monthly reporting of various cash application activities and issues.
• Reconcile discounts, cash on account, and various other reports.
• Participation in continuous improvement initiatives.
• Various other duties as deemed appropriate.


• High school diploma and one or more years accounts receivable experience with working knowledge of cash application systems required
• Manufacturing experience is a plus
• Working knowledge of accounts receivable and credit systems
• Proficiency using Microsoft Office Suite, especially Excel.
• Oracle experience is a plus
• Lock-box experience a plus
• Able to work overtime, when required (typically focused around fiscal month ends and mid-calendar month)
• Early morning and evening hours are required at various times.
• Demonstrated interpersonal skills to interact with internal and external customers
• Good verbal and written communication skills.
• Must have ability to multi task
• Excellent organization skills
• Must be able to work within teams

Meritor is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.


Recommended skills

Accounts Receivable
Discounts And Allowances
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Job ID: 2000005E


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