Cash Applications Specialist from Foster McKay

Our client, a worldwide leading spirits company located in New York City is seeking a Cash Applications Specialist on a temporary basis. The temporary Accounts Receivable resource will be responsible for all daily cash postings and reconciliations.  SAP experience is preferred.

This role will be hybrid!

RESPONSIBILITIES:

• Prepares Daily EFT Proposals and sends notice to customers
• Maintain daily log of EFT proposals and bank transmissions
• Review documents before sending to the customers & the bank
• Review & solve customers’ failed payments
• Review SAP accounting postings linked to the EDD to ensure accuracy

• Post payments against open receivables when not done automatically by SAP
• Issue monthly statements of Customer accounts to all non-EDD Customers.
• Monitor daily lockbox receipts and bank statements to ensure timely and accurate application of cash payments
• Assist in creating the AR Dashboard on SharePoint

• Track past due customers (primarily, but not exclusively non-EDD Customers)
• Analyze aging reports and communicate with past due customers to identify any issues potentially impacting payments
• Research issues for past due invoices and coordinate necessary actions with Operations and/or sales team
• Contact customers to resolve past due accounts and initiate collection

• Create and maintain Month End Reporting for AR
• Intercompany invoicing

REQUIREMENTS:

• Undergraduate degree in Finance & Accounting required

• 3-5+ years of Cash Management/AR/Collections experience.
• Strong Knowledge of Basic Accounting Concepts.
• High level of attention to detail and accuracy
• Solid interpersonal and communication skills. Strong PC skills, specifically advanced excel skills. 
• SAP experience preferred; Excel required
• Experience working within the beverage/ alcohol industry a plus