Cash Application Specialist

Job Summary:

Under general supervision, the duties may include maintaining or posting records in automated systems; screening, reviewing, verifying, and coding accounting transaction documents; verifying and examining accounting records; correcting errors in posting entries, computations, and balances; reconciling balances, records, and documents.  Employees at this level perform various tasks that require the application of judgment and initiative, a thorough knowledge of bookkeeping, and a basic knowledge of accounting practices.

Key requirements

• Experience in cash application range 2+ years.


• Graduation degree is mandatory. Bachelor’s in accounting, finance or business administration.


• Excellent communication skills.


• Strong attention to detail.


• Ability to work in a team.


• Time management.


• Knowledge of various payment modes: direct debit, ACH, wires, cheques.


• Basic knowledge of Excel and other MS Office tools.

Primary Responsibilities

• Cash booking and application for payment received in accordance with defined SLA's and policies.


• Resolution of unidentified and unapplied cash through effective coordination with stakeholders.


• Resolution of unidentified and unapplied cash through research.


• Timely submission of required and agreed reports to stakeholders.


• Daily cash application as per the agreed SLA's based on bank statement/s received.


• Supporting cash GL closing timelines on month end, especially.


• Daily/weekly/monthly MIS reports should be circulated.


• Collaboration with the AR team to ensure all cash applications are processed timely.


• Maintain documentation and record of cash transactions.


• Communicate effectively with customers, internal departments, management regarding payment issues and inquiries.