Understand the basic aspects of Cash Application & Account Receivable Process. Process and apply all cash received daily in the workflow by check and credit card. To research and prepare for conversion any duplicate or overpayments.
Graduate
1-3 years of Experience in Cash Applications (AR)
Advanced excel skills
- Monitor the queue and apply customer's payments through the client specified portal
- Retrieve missing remittance information and apply payments
- Transfer, Re-batch or split payments as per instructions
- Actively communicate with the branches and collectors in the initiation and processing of customer refunds - collect supporting documents, record adjustment entries in client systems and submit refunds.
- Create and email reports to branch/customer.
- At month end make sure that all the cash was assigned and applied, all unassigned payments were researched and converted.
