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Cash Application Specialist

United States, Westborough · Job Posted February 20, 2026
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Job Description

Our exclusive client, a national organization in the healthcare industry is seeking a detail-oriented Cash Application Specialist to join a growing finance team. This role is responsible for accurately applying customer payments, reconciling cash receipts, and ensuring the integrity of accounts receivable records. The ideal candidate thrives in a fast-paced environment, enjoys problem-solving, and understands how accurate cash posting supports overall financial operations.

Job Responsibility

  • Post daily customer payments (ACH, wire transfers, checks, credit cards, and lockbox transactions) to the appropriate customer accounts and invoices
  • Review remittance information and research discrepancies to ensure accurate application of funds
  • Reconcile bank deposits to the accounts receivable subledger and investigate variances
  • Resolve unapplied cash, short payments, deductions, and overpayments in a timely manner
  • Partner with Billing, Collections, and Customer Service teams to clarify payment details and resolve account issues
  • Maintain accurate customer account balances to support effective collections and reporting
  • Prepare daily and monthly cash posting reports and assist with AR aging analysis
  • Support month-end close by ensuring all cash activity is recorded and reconciled
  • Assist with audit requests and documentation related to cash receipts and AR transactions
  • Identify opportunities to improve processes, accuracy, and efficiency within the cash application function

Requirements

  • Associate’s or Bachelor’s degree in Accounting, Finance, or related field preferred
  • 2+ years of experience in cash application, accounts receivable, or transactional accounting
  • Strong understanding of AR processes and basic accounting principles
  • Experience working with ERP systems (e.g., SAP, Oracle, NetSuite, Microsoft Dynamics, etc.)
  • Excellent attention to detail and problem-solving abilities
  • Ability to work collaboratively with cross-functional teams
  • Solid organizational skills and the capacity to manage multiple tasks effectively
  • Familiarity with generating reports and analyzing accounts receivable data

What we offer

  • medical
  • vision
  • dental
  • life and disability insurance
  • 401(k) plan

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