Accounting Clerk: IV (Lead) 1194

BCforward is currently seeking a highly motivated Cash Application Lead Job opportunity for a Sunfish Lake, MN location...!!

Position Title: Cash Application Lead

Location: Sunfish Lake, MN

Anticipated Start Date: ASAP

Please note this is the target date and is subject to change. BCforward will send official notice ahead of a confirmed start date.

Expected Duration: 3+ months Contract

Job Type: Full Time- Contract (remote)

Salary Range: $35 -$40

Please note that actual compensation may vary within this range due to factors such as location, experience, and job responsibilities, and does not encompass additional non-standard compensation (e.g., benefits, paid time off, per diem, etc.).

Requirements:

• Cash Application
• Accounts Receivable
• SAP/ERP

Job Description:

The Cash Application Lead is responsible for applying all cash received daily. In addition, this role will be creating disputes, pulling bank reports and preparing a monthly reconciliation of the Accounts Receivable GL. The individual would also be responsible for the first level escalation from the Cash Application Specialist if an issue arises, as well as being the trainer for any new Cash Application employees. The lead will work to improve the process and help plan and implement process improvements to improve efficiency and strengthen controls.

Responsibilities
Act as first level escalation point for any Cash Application issues reported by the specialist.

• Resolve, if possible, or raise to second level escalation.
• Monitor and pull bank account activity, along with daily activity reports.
• Ensure that receipts, discounts and adjustments are accurately posted to customer accounts in a timely manner to meet department goals on a daily and monthly basis.
• Identifies missing remittances and takes the necessary steps to obtain the appropriate documentation required to post cash.
• Prepare daily/monthly reports for unapplied cash.
• Monthly reconciliation of Accounts Receivable GL account.
• Create dispute, assign reason code and dispute processor
• Identify opportunities to use automation and data to improve business performance.
• Assist in the development and improvement of Cash Application processes to create a more streamlined approach.
• Cross-functional collaboration with Finance Shared Services, Treasury, Credit COE and IT to ensure business needs are being met, and cash is being applied as efficiently and accurately as possible
• Ensure training documentation is accurate and updated regularly.
• Provide Cash application training to new employees and cross functional candidates

Minimum Qualifications (required)

• Bachelors degree in accounting, finance or related field.
• 3+ years of experience in cash application or other related field.
• Excellent communication, organizational, inter-personal, problem-solving skills.
• Detail oriented, professional attitude, reliable. Ability to interact with employees and vendors in a professional manner
• Demonstrated analytical capabilities, including report writing, requirements gathering and system knowledge.
• Change-oriented continuous improvement process skills.
• Thorough knowledge of applicable accounts receivable/general ledger systems and procedures, financial chart of accounts and corporate procedures.
• Ability to work independently and with a team in a fast-paced and high-volume environment with emphasis on accuracy and timeliness
• Experience leading a team in a non-supervisory capacity.
• Proficient in Microsoft Office (including Outlook, Excel)

Benefits:

BCforward offers all eligible employees a comprehensive benefits package including, but not limited to major medical, HSA, dental, vision, employer-provided group life, voluntary life insurance, short-term disability, long-term disability, and 401k.

Keywords:

Cash Application. AR, Accounts receivable

About BCforward:

Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward's 6,000 consultants support more than 225 clients globally.

BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class place to work.

BCforward is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.

To learn more about how BCforward collects and uses personal information as part of the recruiting process, view our Privacy Notice and CCPA Addendum. As part of the recruitment process, we may ask for you to disclose and provide us with various categories of personal information, including identifiers, professional information, commercial information, education information, and other related information. BCforward will only use this information to complete the recruitment process.

This posting is not an offer of employment. All applicants applying for positions in the United States must be legally authorized to work in the United States. The submission of intentionally false or fraudulent information in response to this posting may render the applicant ineligible for the position. Any subsequent offer of employment will be considered employment at-will regardless of the anticipated assignment duration.