Cash Application Analyst
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Designation - Cash Application Analyst
Job Description -
Qualys is seeking a detail-oriented and proactive Cash Application Analyst to join our Finance team. This role is responsible for ensuring timely and accurate application of incoming payments, supporting efficient cash operations, and minimizing outstanding receivables.
Key Responsibilities
Payment Processing:
Accurately apply customer payments (checks, ACH, wire transfers, credit cards) to customer accounts within defined timelines.
Cash Reconciliation:
Perform daily reconciliation of cash receipts and ensure accurate recording in accounting systems.
Customer Account Management:
Monitor customer accounts, ensure correct application of payments, and collaborate with AR teams to resolve discrepancies.
Reporting & Analysis:
Generate reports on payment activity, unapplied cash, outstanding balances, and trends.
Discrepancy Resolution:
Investigate and resolve short payments, overpayments, and misapplied cash.
Stakeholder Communication:
Work closely with customers, Sales, and internal teams to resolve payment-related issues.
Documentation & Audit Support:
Maintain organized records of transactions and support audit requirements with proper documentation.
Payment Tracking:
Track incoming payments and ensure compliance with internal policies and procedures.
Continuous Improvement:
Identify process improvement opportunities to enhance efficiency and reduce unapplied cash.
Qualifications
Education:
Bachelor's degree in accounting, Finance, or a related field (preferred)Experience:
3-5 years of experience in Cash Application, Accounts Receivable, or a related domainSkills:
Strong understanding of cash application and AR processes. Experience with ERP/finance systems (e.g., NetSuite, Salesforce). High attention to detail and accuracy. Strong analytical and problem-solving skills. Effective communication and collaboration skills.