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Coilplus - Rosemont, IL
posted about 2 months ago
About the position
The Cash Application Analyst at Coilplus Inc. is responsible for maintaining accurate cash files for assigned divisions, ensuring that cash received and issued is properly accounted for and posted to the appropriate accounts. This role involves reconciling discrepancies, managing cash receipts, and collaborating with cross-functional teams to resolve issues related to cash application and reconciliation. The position requires strong analytical skills and the ability to communicate effectively with senior management.
Responsibilities
- Manages, logs, and applies all cash receipts for assigned division(s).
- Reconciles daily bank and system accounts.
- Researches and analyzes any out-of-balance situations and finds solutions within Standard Operating Procedures.
- Resolves application of unidentified cash by seeking root causes.
- Works with cross-functional teams, IT, and banking partners to find solutions and revises Standard Operating Procedures as necessary.
- Ensures that all internal controls are followed for the assigned division(s)' Cash Application process.
- Seeks guidance from management for complex, non-standard cash application requests.
- Recommends acceptance or denials to management based on understanding of the customer and Coilplus' risk tolerance.
- Recommends and develops best practices, documents Standard Operating Procedures, and trains new and current cash application team members.
- Works with IT on account system updates by gathering business requirements and conducting user acceptance testing.
Requirements
- An associate's degree or equivalent in accounting experience.
- 3 years of cash application, cash management, accounting, or finance experience.
- Experience with cash application software in a high volume/high transaction environment.
- ERP platform experience with Stratix & AS400 required.
- Advanced knowledge of MS Office including Word, PowerPoint, and Excel, specifically using pivot tables, hlookups, and vlookups.
Nice-to-haves
- Excellent problem-solving, analytical, and critical thinking skills.
- Ability to effectively communicate to senior management through verbal, written, and presentation decks.
- Ability to meet deadlines and pay attention to details.
