Cash Applications Specialist

Vector Solutions is the leader in providing industry-focused SaaS solutions that connect content and technology. Vector’s unique product set aims at training and learning management, continuing education (CE), compliance, workforce scheduling, safety management, and more.

Our mission is to empower everyday heroes in the public, educational and commercial sectors to make safer, smarter, and better decisions.

Vector Solutions is seeking a Cash Applications Specialist to support the accounts receivable processes. The duties of a cash applications specialist are to manually review all remittances from customers or clients and match the payments to the appropriate invoices to make sure payment has been received.

What You’ll Do:

• Responsible for coordinating and performing all aspects of processing cash receipts from automated and manual payers in accordance with company policies.
• Responsible for various cash processing-oriented tasks.
• Open mail and verify incoming checks against customer accounts in ERP system.
• Scan customer checks/remittances into the online banking system.
• Apply payments to customer accounts from various sources – checks, wires, ACHs, credit cards, and intercompany transfers.
• Ensure timeliness and accuracy of cash posting
• Process manual credit card payments from customers
• Work with Accounts Receivable, Accounting, Billing, and Client Relations to assist in resolving inadequate remittance advice issues (cash on account, short pays, cash exceptions).
• Provide backup for monthly recurring customer credit card & ACH payments in ERP system
• Performs other duties as assigned.
• This position does not have supervisory responsibilities.

• 5 years of cash applications, lockbox, or cash posting experience.
• 5+ years of experience in billing, invoicing, and other accounts receivable-related functions.
• Bachelor's degree in Accounting or Business Administration, Accounting Certificate, or Associate Degree in Finance / Accounting required.
• Enterprise resource planning (ERP) experience is a must.
• Experience with cash and bank reconciliations.
• SaaS accounts receivable experience.
• Proficient in Microsoft Office Suite (Excel, Word, PowerPoint).
• Excellent verbal and written communication skills.
• Excellent organizational skills with attention to detail.
• Ability to work independently and thrive in a fast-paced team environment.
• Effectively manage multiple competing priorities - adapting to change where necessary.
• Prolonged periods of sitting at a desk and working on a computer.
• May occasionally lift up to 15 pounds