A Cash Application Analyst facilitates the finance activities of the company. The job description entails processing payments towards the balance on customer accounts using a bank lockbox and other payment sources. Other duties are listed on the Cash Application Analyst Resume as – deciding to accept a credit request, validating the information submitted by other departments is accurate, maintaining Google document with information shared with different departments, reconciling data on a daily and monthly cadence, identifying and communicating discrepancies in payments received with department credit analysts, preparing and charging all credit card clients, and processing and accurately applying all incoming payments for all customer accounts.
The most sought-after skills for the post include the following – general understanding of accounting concepts and procedures, the ability to compile and analyze and interpret financial information and data to facilitate decision making; strong knowledge of banking and lockbox interfaces and downloads and software, and SAP knowledge. A degree in accounting or finance is commonly preferred.
Headline : Detail-oriented Cash Application Analyst with 7 years of experience in cash posting, reconciliation, and financial reporting. Proven ability to resolve discrepancies and enhance cash flow processes in fast-paced environments.
Skills : Client Relations, Cash Reconciliation, Payment Processing, Data Analysis
Description :
Executed accurate cash postings for various payment methods, ensuring timely updates to accounts.
Managed cash application processes, including lockbox, ACH, and credit card transactions.
Prepared comprehensive daily reports, including remits and account statements for management review.
Recorded and reconciled customer payments for major retailers, enhancing cash flow visibility.
Investigated and resolved payment discrepancies, improving overall accuracy in cash application.
Analyzed account patterns to identify process improvements, leading to increased efficiency.
Supported collections reporting and managed charge-backs, contributing to reduced bad debt.
Experience
5-7 Years
Level
Executive
Education
B.S. In Finance
Cash Application Analyst Resume
Objective : Detail-oriented Cash Application Analyst with 5 years of experience in managing cash application processes, ensuring accurate payment postings, and resolving discrepancies to enhance financial operations.
Reduced open credits from $2 million to $700k over four years through effective cash application strategies.
Ensured accurate and timely posting of cash payments from various sources, resolving discrepancies efficiently.
Allocated credits manually and through automated uploads, enhancing processing speed.
Notified customers of declined payments within 24 hours, improving customer relations.
Generated daily and monthly reports for management, providing insights into cash flow and application status.
Adhered to data management protocols and audit guidelines, ensuring compliance and accuracy.
Conducted credit checks on potential customers, supporting risk management efforts.
Experience
2-5 Years
Level
Executive
Education
Associate Of Applied Science
Cash Application Analyst Resume
Objective : Detail-oriented Cash Application Analyst with 2 years of experience in managing cash receipts, reconciling accounts, and ensuring timely payment processing to enhance cash flow and financial reporting.
Balanced daily cash receipts against lockbox totals, presenting findings to management for posting.
Ensured accurate and timely posting of all payments, meeting strict deadlines.
Identified and researched discrepancies, implementing solutions to resolve issues.
Maintained detailed logs of overpayments and underpayments using Excel.
Managed a list of customers set up for recurring payments, ensuring accuracy.
Processed ACH and credit card payments bi-monthly, ensuring compliance with company policies.
Collaborated with finance teams to enhance cash application processes and reporting.
Experience
0-2 Years
Level
Entry Level
Education
BS In Accounting
Cash Application Analyst Resume
Headline : Detail-oriented Cash Application Analyst with 7 years of experience in processing payments, reconciling accounts, and resolving discrepancies. Proven track record in enhancing cash flow and improving financial accuracy.
Extracted and processed client payment files daily, ensuring accurate uploads to the internal database.
Analyzed payment files to identify discrepancies and ensure proper billing for services rendered.
Investigated payment origins through internal and external systems, collaborating with various departments.
Provided clients with detailed instructions on payment applications, including adjustments and refunds.
Posted payments received directly, updating patient accounts in compliance with protocols.
Communicated un-billable payments to business units, maintaining accurate collection database balances.
Interfaced with clients to resolve payment inquiries and discrepancies, enhancing overall service quality.
Experience
5-7 Years
Level
Executive
Education
BA In English
Cash Application Analyst Resume
Summary : Detail-oriented Cash Application Analyst with 10 years of experience in optimizing cash application processes, ensuring accurate payment posting, and enhancing financial reporting. Proven track record in improving cash flow and reducing discrepancies.
Developed and implemented cash application procedures, enhancing accuracy and efficiency in the Accounts Receivable Department.
Analyzed and reconciled payment data from domestic and international banks, ensuring timely processing.
Collaborated with Collection Analysts to reduce past due receivables by 20% through targeted strategies.
Generated detailed Receivable Aging Reports for stakeholders, facilitating informed decision-making.
Tracked and reported external audit findings, ensuring compliance and timely resolution of issues.
Communicated audit results effectively, highlighting risks and recommending corrective actions.
Trained team members on cash application best practices, fostering a culture of continuous improvement.
Experience
10+ Years
Level
Senior
Education
Bachelor's In Accounting
Cash Application Analyst Resume
Headline : Detail-oriented Cash Application Analyst with 7 years of experience in payment processing, reconciliation, and customer account management. Proven ability to enhance cash flow and resolve discrepancies efficiently.
Managed daily processing of customer payments, ensuring accurate application to accounts.
Posted lockbox payments in SAP, matching invoices with remittance details for accuracy.
Reconciled outstanding deposits, maintaining precise financial records.
Processed various payment types, including ACH and credit card, within 24 hours of receipt.
Utilized online lockbox systems to apply cash receipts and resolve discrepancies efficiently.
Communicated with customers to clarify payment applications and resolve issues.
Conducted research on customer disputes and erroneous payments, facilitating timely resolutions.
Experience
5-7 Years
Level
Executive
Education
BS
Cash Application Analyst Resume
Headline : Detail-oriented Cash Application Analyst with 7 years of experience in cash posting, reconciliation, and payment processing. Proven track record in optimizing cash application processes and enhancing financial accuracy.
Managed daily cash posting, ensuring accurate contractual adjustments and patient responsibility assignments.
Conducted thorough documentation for proper allocation of miscellaneous cash receipts.
Performed payment research for unidentified checks and EOB discrepancies.
Prepared and processed night drop bank deposits for timely payment recording.
Collaborated with General Accounting on bank reconciliation and lockbox issues.
Maintained organized storage of EOBs for efficient retrieval and processing.
Coordinated with Billing Specialists on unidentified and unapplied cash processing daily.
Experience
5-7 Years
Level
Executive
Education
GED
Cash Application Analyst Resume
Objective : Detail-oriented Cash Application Analyst with 2 years of experience in processing payments, reconciling accounts, and resolving discrepancies. Proven ability to enhance cash flow and improve financial accuracy.
Posted daily cash transactions, including credit card and gift certificate deposits, using an online accounting system.
Monitored lock-box transactions, investigating and resolving discrepancies for 60 store locations.
Conducted reconciliations for credit card, checking, and savings accounts, ensuring accuracy.
Executed month-end cut-off procedures for Accounts Receivable, maintaining financial integrity.
Collaborated with the Collections team to research and resolve unidentified payments promptly.
Generated financial statements and posted journal entries using AS400 for general ledger reconciliation.
Identified and applied cash, check, EFT, and credit card payments from various sources, including international transactions.
Experience
0-2 Years
Level
Entry Level
Education
High School Diploma
Cash Application Analyst Resume
Summary : Detail-oriented Cash Application Analyst with 10 years of experience in cash management, reconciliation, and financial reporting. Proven track record in optimizing cash application processes and enhancing accuracy in financial transactions.
Executed 60 SQL queries daily to gather raw data for billing systems, improving reporting efficiency.
Utilized macros to automate data allocation in Excel, increasing productivity.
Conducted manual reconciliations for merging accounts, ensuring accuracy in financial records.
Posted receipts to general ledger accounts in Oracle, maintaining accurate financial statements.
Experience
10+ Years
Level
Senior
Education
BA In Accounting
Cash Application Analyst Resume
Headline : Detail-oriented Cash Application Analyst with 7 years of experience in managing cash receipts, reconciling accounts, and optimizing cash application processes to enhance financial accuracy and efficiency.
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