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Cash Application Specialist - job 2 of 2

Job Title: Cash Application Specialist


Job Description

The Cash Application Specialist will provide administrative and clerical support in both cash applications and collections. This position will be responsible for the accounts receivable process for our business and clients. This position is an in-office role, based in Carmel, Indiana.

Responsibilities

  • Receive and process various forms of customer payments, including checks, electronic transfers, credit cards, and other payment methods.
  • Accurately record and document each payment transaction in the company's accounting system, ensuring adherence to internal controls and accounting standards.
  • Reconcile customer payments with outstanding invoices or accounts receivable, matching payment amounts to the appropriate customer accounts.
  • Investigate and resolve discrepancies or issues with payments, collaborating with internal departments or contacting customers to clarify payment details, identify errors, or address concerns.
  • Maintain detailed and up-to-date records of all cash transactions, ensuring accuracy and compliance with accounting guidelines.
  • Generate regular reports related to cash application activities, such as outstanding receivables, payment trends, or discrepancies, and provide analysis or insights to management as required.
  • Assist with month-end and year-end financial closing activities, including reconciliations and preparation of related reports.
  • Provide excellent customer service by promptly responding to payment-related inquiries, assisting customers with payment processes, and addressing any issues or concerns.
  • Assist with the collections and billing processes.

Essential Skills

  • 2+ years of ERP System Experience or Spreadsheet experience.
  • Intermediate Excel Skills - Ability to do Vlookups and Pivot Tables.
  • 3+ years processing a high volume of invoices (200+ invoices daily).
  • Experience processing various forms of customer payments (checks, credit cards, etc.).

Additional Skills & Qualifications

  • Proven experience working in a similar role, preferably as a Cash Application Specialist or in accounts receivable.
  • Strong understanding of accounting principles and financial processes.
  • Proficiency in using accounting software and other relevant tools (e.g., ERP systems, spreadsheets).
  • Excellent attention to detail and accuracy in handling financial data.
  • Analytical mindset and problem-solving skills to investigate and resolve payment discrepancies.
  • Ability to work independently and manage multiple priorities in a fast-paced environment.
  • Strong communication and interpersonal skills to collaborate effectively with internal teams and interact with customers.
  • Knowledge of relevant regulations and compliance standards related to cash handling and financial transactions.

Work Environment

Monday and Friday are remote days. Tuesday - Thursday are in-person. The role provides an opportunity to work within an accounting department and company that has experienced significant growth.

Pay and Benefits

The pay range for this position is $21.00 - $23.00/hr.

Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following:

• Medical, dental & vision
• Critical Illness, Accident, and Hospital
• 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available
• Life Insurance (Voluntary Life & AD&D for the employee and dependents)
• Short and long-term disability
• Health Spending Account (HSA)
• Transportation benefits
• Employee Assistance Program
• Time Off/Leave (PTO, Vacation or Sick Leave)

Workplace Type

This is a fully onsite position in Indianapolis,IN.

Application Deadline

This position is anticipated to close on Apr 9, 2025.

About Aston Carter:

Aston Carter provides world-class corporate talent solutions to thousands of clients across the globe. Specialized in accounting, finance, human resources, talent acquisition, procurement, supply chain and select administrative professions, we extend the capabilities of industry-leading companies. We draw on our deep recruiting expertise and expansive network to meet the evolving needs of our clients and talent community with agility and excellence. With offices across the U.S., Canada, Asia Pacific and Europe, Aston Carter serves many of the Fortune 500. We are proud to be a ClearlyRated Best of Staffing® double diamond winner for both client and talent service.

Diversity, Equity & Inclusion

At Aston Carter, diversity and inclusion are a bridge towards the equity and success of our people. DE&I are embedded into our culture through:

  • Hiring diverse talent
  • Maintaining an inclusive environment through persistent self-reflection
  • Building a culture of care, engagement, and recognition with clear outcomes
  • Ensuring growth opportunities for our people

The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

If you would like to request a reasonable accommodation, such as the modification or adjustment of the job application process or interviewing process due to a disability, please email astoncarteraccommodation@astoncarter.com for other accommodation options.

Average salary estimate

$45760 / YEARLY (est.)
min
max
$43680K
$47840K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Cash Application Specialist, Aston Carter

If you're looking for a dynamic opportunity as a Cash Application Specialist with Aston Carter in Indianapolis, Indiana, you're in for a treat! This role is perfect for someone who thrives in a bustling environment and enjoys working with numbers. As a Cash Application Specialist, you will be at the heart of our accounts receivable process, managing a high volume of customer payments through various methods like checks and credit cards. Your meticulous attention to detail will ensure that each payment is accurately recorded and reconciled with outstanding invoices, while also allowing you to investigate and resolve any discrepancies that may arise. In addition to your foundational skills in accounting, you'll have the chance to showcase your intermediate Excel skills, employing Vlookups and Pivot Tables to generate insightful reports that inform management decisions. The role requires strong interpersonal skills as you’ll connect with customers and internal teams to provide top-notch service. Here, you'll not only assist with collections and billing processes but also contribute to month-end and year-end financial closures. Enjoy the flexibility of working remotely part of the week while being part of a company that has seen impressive growth and values diversity and inclusion. With a pay range between $21.00 and $23.00 per hour, along with great benefits, this position is an incredible step forward in your accounting career. At Aston Carter, every day is a new opportunity to learn and grow!

Frequently Asked Questions (FAQs) for Cash Application Specialist Role at Aston Carter
What are the key responsibilities of a Cash Application Specialist at Aston Carter?

As a Cash Application Specialist at Aston Carter, your key responsibilities will include processing various forms of customer payments, accurately recording transactions, reconciling payments with outstanding invoices, and investigating any discrepancies. You will also be tasked with generating reports to provide insights to management and assisting with collections and billing, ensuring a smooth accounts receivable process.

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What qualifications are needed for the Cash Application Specialist position at Aston Carter?

To qualify for the Cash Application Specialist position at Aston Carter, candidates should have at least 2 years of ERP system experience and 3 years of processing a high volume of invoices. Strong Excel skills, including Vlookups and Pivot Tables, as well as a solid understanding of accounting principles are essential. Candidates should also possess good analytical, communication, and problem-solving skills.

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What does the work environment look like for a Cash Application Specialist at Aston Carter?

The work environment for a Cash Application Specialist at Aston Carter is a hybrid model, with remote work on Mondays and Fridays, while in-person work is required Tuesday through Thursday. This allows for a balanced work-life experience while being part of a collaborative in-office culture.

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What benefits can a Cash Application Specialist expect at Aston Carter?

As a Cash Application Specialist at Aston Carter, employees can expect a variety of benefits including medical, dental, and vision coverage, a 401(k) retirement plan with both pre-tax and post-tax contributions, life insurance options, and more. Additionally, there are opportunities for further personal and professional growth within a company that values diversity and inclusion.

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Is previous experience specific to cash applications necessary for the Cash Application Specialist role at Aston Carter?

Yes, previous experience in a cash application or accounts receivable role is preferred for the Cash Application Specialist position at Aston Carter. This ensures candidates are familiar with customer payment processing, invoice reconciliation, and adherence to accounting guidelines, which are crucial for success in this role.

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Common Interview Questions for Cash Application Specialist
Can you describe your experience with processing customer payments?

To answer this effectively, share specific instances where you've managed customer payments, detailing the methods you used and any software involved. Highlight your ability to handle high volumes and ensure accuracy, which aligns well with the Cash Application Specialist role at Aston Carter.

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How do you handle discrepancies in cash applications?

Discuss your approach to identifying and resolving discrepancies, emphasizing your analytical skills and problem-solving abilities. Mention examples from your previous roles to illustrate how you've navigated challenges effectively.

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What accounting software are you familiar with?

List the accounting software you have experience with, especially any relevant ERP systems. Providing examples of how you've used these tools in your past roles can give interviewers a clear picture of your competency.

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How do you prioritize tasks in a fast-paced environment?

Share your strategies for prioritizing tasks, such as creating to-do lists or using project management tools. Relate this back to how you've successfully managed multiple tasks in previous roles, particularly in accounts receivable.

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Describe a time you provided excellent customer service.

Use the STAR method (Situation, Task, Action, Result) to describe a specific instance where you went above and beyond for a customer. Highlight the outcomes of your actions, especially how it benefited the company or resolved an issue.

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What methods do you use for data entry to ensure accuracy?

Explain your data entry techniques, such as double-checking entries and using Excel functions to validate data. Mention how you've implemented measures in the past that reduced errors and improved efficiency.

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How do you keep yourself organized while working with high volumes of invoices?

Discuss tools or techniques you use to stay organized, such as spreadsheets, notes, or specific accounting software. Share a personal system you've established that aligns with the fast-paced nature of the Cash Application Specialist role.

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What do you know about Aston Carter's mission and values?

Research Aston Carter's mission and values ahead of the interview. Express how their commitment to diversity and inclusion resonates with you and how you see yourself contributing to this work environment.

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Can you explain the importance of cash application within accounts receivable?

Articulate the critical role cash application plays in maintaining cash flow and financial accuracy. Highlight how timely and accurate processing impacts a company's overall financial health and customer relationships.

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How do you manage stress during busy periods, such as month-end?

Share your techniques for managing stress, like time management skills or taking short breaks to maintain productivity. Emphasize your experience in similar high-pressure situations and how you successfully navigated them.

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Established in 1997, Aston Carter is a leading staffing and consulting firm, providing high-caliber talent and premium services to more than 7,000 companies across North America. Spanning four continents and more than 200 offices, we extend our cl...

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Full-time, hybrid
DATE POSTED
March 30, 2025

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