Cash Specialist

Job Description

Job Description

Do you want to grow with us? At DXP we are passionate about what we do and driven to be the best solution for our industrial customers. Since 1908 DXP has been dedicated to the highest quality of customer service through our expertise of the products we distribute and the technical services we perform with a sense of individual pride and company spirit. Throughout your career with DXP, we will encourage and empower you to take an active role in identifying and driving your development, so you feel total confidence in your ability to achieve ongoing success. We aspire to be the best solution for the Industrial customers' needs for MROP products and services through our Innovative Pumping Solutions, Metal Working, Supply Chain Services and Service Centers.

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The Cash Specialist will be responsible for performing all functions associated with high volume cash application in accordance with the AR department goals and objectives.

Responsibilities of the Cash Specialist include, but are not limited to:

• Perform general cash posting tasks to ensure same day clearing and posting of all lockbox and ACH payments
• Manages exception tasks for payments requiring manual application
• Process credit card requests sent by the field or customer after invoicing
• Reconcile bank transaction report with customer’s account based on received remittance and deposit detail information
• Perform daily scan deposit of all checks not sent to lockbox and work with customer to update banking information
• Work directly with customer and credit analyst to research and resolve unapplied or unidentified payments
• Serves as backup to Sr. Cash Specialist for all approved adjustments to customer accounts
• Monitors team queue and processes adjustments, refunds, and general item offset requests
• Handles other duties and tasks as assigned by Cash Applications Manager

Requirements of the Cash Specialist include, but are not limited to: 

• High School diploma and 2-5 years of equivalent experience in cash applications role preferred
• Experience with payment posting and adjustment process in various ERP systems (P21/Syteline a plus)  
• Basic Microsoft Excel skills (vlookup/pivot tables/power queries)
• Ability to multi-task with direct emphasis on posting accuracy
• Intermediate understanding of account reconciliations and daily posting tie outs
• Excellent verbal and written communication skills across all organizational levels
• Takes initiative to deliver on results in acceptable period of time
• Self-starter who works well independently and part of a team
• Experience with Salesforce is a plus
• Direct experience with High Radius or other cash posting cloud automation tools is preferred but not required

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Additional Information:

Working Conditions: Professional office environment
Shift Time/Overtime:   Monday-Friday Standard business hours
Travel: 0%

DXP offers a comprehensive benefits package for full-time regular employees, normally working a minimum of 30 hours per week, including: medical, dental, vision, flexible spending account, paid holidays, life and disability insurance, and additional supplemental benefits. All employees are eligible to participate in the 401(k) plan. 

Salary is commensurate with experience. Except where prohibited by state law, all offers of employment are contingent upon successfully passing a drug test. DXP is an equal opportunity employer and participates in E-Verify. EOE/M/F/D/V.