Payment Application Analyst at MRI Software

The Payment Application Specialist will be processing a high volume of cash applications, accurately and on a timely basis for a variety of MRI Software’s global business units with a focus on NA region businesses.  The specialist will interact with the Accounts Receivable team members to resolve payment discrepancies and cash reconciliations.  The specialist will track daily cash receipts and post daily to ensure an up-to-date reflection of outstanding client invoice balances.  This person will interact with Accounting team members to properly post non-invoice related payments and to reconcile accounts.

• Process incoming payments: Lockbox, ACH, Credit Cards, and Wires utilizing reports from online portals. Research insufficient payment information.
• Review all lockbox deposits. Process unapplied payments.
• Ensure that payments are applied per remittance and in a timely manner to not affect client experience.
• Prepare month end journal entries related to cash and intercompany balances.
• Update cash receipts tracking files.
• Balance bank transactions to General Ledger frequently. Ensure credits received in all bank accounts (as assigned by management) are accounted for and allocated and returned payments have been processed in a timely manner.
• Prepare weekly/daily cash reports to support Accounts Receivable team and management responsibilities.
• Handle inquiries applicable to cash applications.
• Coordinate with Accounts Receivable team in resolving customer remit issues.
• Utilize ingenuity to innovate processes and procedures.
• Perform other duties and participate in other projects as assigned by management, including cross training within the department.

REQUIREMENTS:

Knowledge and Skills:

• Mastery of Microsoft Excel; functions, formulas, tables and graphs.
• Consistently at work and on time, follows instructions, responds to management direction and solicits feedback to improve performance.
• Exemplary communication skills and ability to work well individually or as a member of a team.
• Attention to detail and ability to plan, organize, prioritize and multi-task.
• Creativity to continue to elevate current standards and pride of ownership in duties.
• Show strong initiative, problem analysis and problem-solving skills.
• Comfortable learning and utilizing multiple online resources.

Education and Experience: 

• High School diploma required.  Associates or higher level in Accounting strongly preferred
• Global cash application experience a plus, but not required
• Candidate must be detail-oriented with a focus on accuracy and efficiency