Cash Application Specialist

We are looking for a part-time Cash Application Specialist to support a high-volume manufacturing environment in Minnetonka, Minnesota. This Long-term Contract position is ideal for someone who is highly detail-oriented and confident managing large volumes of payment activity with accuracy and efficiency. The role will focus on applying customer payments, researching exceptions, and helping maintain timely cash posting within the accounts receivable process.

Responsibilities:

• Process a high volume of incoming payments and apply cash accurately to customer accounts in a timely manner.
• Review lockbox activity and electronic payment transactions, posting routine items while investigating exceptions that require manual resolution.
• Handle unapplied and partially applied payments by researching account details and determining the correct posting treatment.
• Manage adjustments, offsets, and credit card-related payment activity in accordance with established procedures.
• Use SAP to record and update payment activity while maintaining accurate accounts receivable records.
• Access and review bank-provided Excel files to identify unapplied items, posting issues, and other payment exceptions.
• Collaborate closely with team members to balance workloads and provide support across shared cash application tasks as priorities shift.
• Take on additional finance or accounts receivable duties as assigned to support daily operations.