Cash Applications Specialist

Cash Applications Specialist

Delray Beach, Florida, United States

Vertical Bridge REIT, LLC, is the largest private owner and operator of wireless communications infrastructure in the United States and has a nationwide portfolio of over 18,000 towers. The company provides build-to-suit and colocation solutions to the telecommunications industry. In 2020, Vertical Bridge became the first tower company in the world to achieve the CarbonNeutral® company certified status and has been recertified every year since.

Summary:

The Cash Applications Specialist will focus on cash applications and will be responsible for timely and accurate posting of cash to VB's real estate tenant accounts. The analyst will work directly with customers and the collection team to facilitate timely, accurate and efficient cash application of manual and electronic receipts. The analyst will regularly be in contact with both multi-national and smaller telecommunication companies.

Job Functions:

• Accurately enter detailed cash receipts into financial system via manual entry and upload application
• Reconcile daily all cash received in banks to cash application in the financial system, resolve variances in a timely manner
• Maintain accurate reconciliations of all daily cash application activity
• Correspond directly with customers regarding insufficient and/or inaccurate remittance Resolve and monitor timely resolution
• Accurately retain, in auditable fashion, remittance information and related daily reconciliation of financial system and bank activity
• Provide customer service regarding cash application issues
• Identify, review, and prepare account adjustments
• Make recommendations to Management regarding issues with cash application of customer payments / remittances
• Resolve client discrepancies and short payments
• Accountable for reducing unidentified and unapplied cash within a timely manner
• Work with the Accounts Receivable team in the pursuit and resolution of cash application issues
• Build relationships with other members of the A/R Department and provide support to billing and collections functions
• Communicate status to management on a regular basis
• Communicate / interact with other business units in-order to bring resolution to outstanding issues
• Identify and propose solutions to increase the effectiveness of processes and procedures
• Assist with the maintenance and testing of internal controls, accounting policies and audit requests as it relates to the accounts receivable function
• Work closely with the accounting team and other departments throughout the organization
• Other projects and duties as assigned

Supervisory Requirements:

None

Working Conditions and Physical Demands:

Position will work directly from the corporate office with minimum travel. High-volume, fast paced and results oriented environment.

Education and Experience:

• Minimum 3 years of Cash Application experience required
• Required to have strong detailed analytical skills, including advanced Excel skills using pivot tables and v-lookups
• Prior experience working with NetSuite or similar ERP accounting system preferred
• Strong written and oral communication skills, including the ability to present ideas and suggestions clearly and effectively and to work with internal and external customers
• Strong organizational skills: ability to accomplish multiple tasks within the agreed upon timeframes through effective prioritization of duties and functions in a fast-paced environment
• Self-motivated; able to work independently to complete tasks and respond to department requests and to collaborate with others to utilize their resources and knowledge to identify high quality solutions

Vertical Bridge is committed to a policy of equal employment and will not discriminate against an applicant or employee. Vertical Bridge is an Equal Employment Opportunity Employer M/F/D/V