Cash Operations Analyst
Chester County, PA
|Job Summary:<br><br>The Cash Operations Analyst will be responsible for performing all incoming cash related activities for the lease and loan accounts in the Commercial Finance (COF) business in the Cassiopae subledger system. The Cash Application Specialist will be responsible for ensuring timely and accurate accounts receivable and cash application processing, as well as daily cash reporting and reconciliation activities.|
|Essential Job Functions (necessary to perform the job):<br><br>- The position requires strong analytical skills and attention to detail.<br>- In depth knowledge of commercial lease and loan cash application concepts and cash reconciliation methods.<br>- Excellent communication skills, both written and verbal. The ability to communicate ideas and concepts clearly and concisely.<br>- Strong people skills with the ability to build good working relationships with internal clients and colleagues.|
|Responsibilities:<br><br>Process, apply and post daily cash (incoming checks/multiple lockbox accounts, wires, ACH direct debit, intercompany clearing and cash transfers)<br><br>Address all business portfolio related cash application requests, including manual set up of ACH direct debits, manual cash adjustments/reapplications and research/address cash related inquiries and requests. Ability to process complex, multi-transaction cash applications and adjustments.<br><br>Daily processing of large volumes of incoming payments accurately and in a timely manner<br><br>- Daily cash reports to be run and reviewed for accuracy.<br>- Manage multiple suspense accounts<br>- Process returned checks/rejected payments<br>- Prepare the daily cash reconciliation reports for multiple bank accounts. Research and analyze balance discrepancies to determine root cause and make appropriate adjustments and corrections within Cassiopae in a timely manner.<br><br>Prepare and process manual ACH direct debit pulls for one-time requests submitted by the portfolio teams.<br><br>Daily review and reconciliation of the automated module ACH direct debit payments validate the daily ACH pulls are sent to the bank and the automated assumed cash postings are processed in Cassiopae.<br><br>Process and allocate incoming intercompany cash transfers<br><br>Process outgoing intercompany cash transfers<br><br>Process and post live checks on the last 3 business days of each month and maintain detailed records of all manual check postings.<br><br>- Maintain electronic cash documentation library daily upload and maintenance of cash documentation in SharePoint and Knowledge Lake. Warehouse librarian for Iron Mountain.<br>- Maintain detailed cash summary logs and reports to be shared with management<br><br>Complete data inputs and coding for the daily outgoing wire transfer payments.<br><br>Interact with the bank to resolve any bank account related inquiries and issues.<br><br>Interact with Customers to reconcile payments<br><br>Develop strong working relationships with other operational disciplines, including Accounting, Operations and Portfolio.|
|Qualifications (include education):<br><br>- Minimum of 5 years of cash application/accounts receivable experience<br>- Minimum 4 years college degree with focus on Finance or Accounting<br>- Must be detail oriented and possess strong analytical and organizational skills.<br>- Ability to interact well with others in a team environment.<br>- Excellent verbal and written communication skills.<br>- High degree of flexibility, energy and initiative.<br>- Familiarity with Cassiopae system preferred.|
Organization: Financial Services
Company: Siemens Financial Services, Inc.
Experience Level: Experienced Professional
Job Type: Full-time
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