AR Cash Application Specialist

Company : Compunnel Software Group, Inc.

Location : Arcadia, CA, 91006

Posted Date : 28 October 2025

Job Details

Job Summary:
The AR Cash Application Specialist will be responsible for processing and applying incoming payments, reconciling accounts, and resolving discrepancies to ensure accurate financial reporting. This role requires strong attention to detail, familiarity with accounting systems, and the ability to handle a high volume of cash transactions efficiently. The specialist will collaborate closely with internal departments and external customers to ensure payments are properly applied and outstanding issues are promptly resolved.

Key Responsibilities:

Process incoming payments via various channels such as cheque, bank transfer/wire, ACH, credit card, electronic funds transfer, and lockbox.
Apply payments to appropriate customer invoices, credit memos, or accounts in the ERP/accounting system.
Manage high-volume cash transactions with accuracy and speed.
Monitor automated cash application routines and resolve unmatched or exception transactions.
Reconcile daily deposits and cash batches to bank statements and the general ledger.
Reconcile credit cards, refunds, direct debits, and other special accounts; manage petty cash when applicable.
Investigate and resolve unreconciled or unapplied cash items in a timely manner.
Complete all month-end and year-end reconciliations accurately and on schedule.
Identify and address short payments, overpayments, and misapplied payments; coordinate adjustments or credit notes as needed.
Collaborate with internal teams such as Billing, Sales, and Customer Service to resolve remittance or invoice discrepancies.
Maintain logs of unapplied/unidentified cash and work proactively to minimize outstanding balances.

Required Skills:

Strong understanding of accounting principles and cash application processes.
Proficiency with ERP/accounting systems and Microsoft Office (especially Excel).
Excellent analytical and problem-solving skills.
Strong communication and collaboration abilities.
High attention to detail and accuracy under time-sensitive conditions.
Ability to manage multiple priorities and meet deadlines.

Preferred Skills:

Experience with automated cash application tools or financial ERP systems (e.g., SAP, Oracle, NetSuite).
Prior experience in accounts receivable or general accounting roles.

Education:
Bachelorâ€™s degree in Accounting, Finance, or related field preferred; equivalent experience accepted.