Cash Application Specialist

Job Description

Job Description

We are looking for a detail-oriented Cash Application Specialist to support high-volume payment processing and account reconciliation in Elyria, Ohio. This is a Long-term Contract position suited for someone who can manage cash-related transactions accurately while delivering responsive service to customers with account and payment questions. The role contributes to smooth daily financial operations by ensuring funds are applied correctly, records remain up to date, and banking activity is handled with care.

Responsibilities:
• Process incoming payments and apply funds to the correct customer accounts with a strong focus on accuracy and timeliness.
• Review account activity, research discrepancies, and resolve unapplied or misapplied cash to maintain clean receivable balances.
• Assist customers with routine transaction needs, including deposit activity, withdrawals, and account-related inquiries in a thorough and attentive manner.
• Post cash receipts and payment activity into the appropriate systems while maintaining complete and organized financial records.
• Prepare and support bank deposit processing, ensuring all cash and payment transactions are properly documented.
• Reconcile daily transaction totals and identify variances so issues can be escalated and corrected quickly.
• Coordinate with internal teams to address payment exceptions, account questions, and operational follow-up items.
• Support ongoing financial operations by following established controls, handling cash securely, and maintaining service quality throughout each interaction.• Experience working with cash application processes, including payment posting and account balancing.
• Knowledge of accounts receivable procedures and the ability to manage cash receipts accurately.
• Familiarity with bank-related transactions such as deposits, withdrawals, and payment processing.
• Strong attention to detail with the ability to identify discrepancies and investigate transaction issues.
• Comfortable using financial or accounting systems to record and update payment activity.
• Effective communication skills for assisting customers and collaborating with internal partners.
• Ability to manage multiple tasks in a fast-paced environment while meeting accuracy standards.