AR & Cash Management Specialist
BC Forward

Job Info

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BCforward is currently seeking a highly motivated AR & Cash Management Specialist Job opportunity for a Minnetonka, MN location...!!

Position Title: AR & Cash Management Specialist

Location: Minnetonka, MN

Anticipated Start Date: ASAP

Please note this is the target date and is subject to change. BCforward will send official notice ahead of a confirmed start date.

Expected Duration: 7 months

Job Type: contract
Pay Range: $28/ph-$30/ph

Please note that actual compensation may vary within this range due to factors such as location, experience, and job responsibilities, and does not encompass additional non-standard compensation (e.g., benefits, paid time off, per diem, etc.).
Requirements:

• Cash Accounting
• Cash Posting
• Accounts Receivable
• General Ledger

Job Description:

* Responsible for including running lockbox reports, posting exceptions from lockbox report, posting manual checks, wire transfers, and ACH deposits

* Responsible for processing customer refund requests and researching customer inquiries as well as collecting inquiries on historical cash postings pertaining to a customer

* Responsible for reconciling general ledger accounts pertaining to cash application

* Responsible for researching where cash received from customers is to be applied daily offsets, write-offs, refunds and reversal as per policy and procedure

* Interact with merchant services/processors, and internal/external customers on a daily basis

* Responsible for processing credit card transactions/payments

* Performing customer account reconciliation whenever required

* Responsible for reclassification of NON - AR and other Misc-Receipts received

* Ensure unapplied and unidentified cash are followed up with Collectors, in-country Finance Team and Bank for closure before month end

* Perform month end activities within the agreed timeline

* Responsible for highlighting any process deviations or IT issues - able to work IT team for any ERP issues and also for any upgrade of ERP systems (Oracle & NetSuite).

General understanding of:

* Cash posting - Wire, Lockbox and Credit Card payments

* Processing offsets, write-offs, refunds and reversals

* Reduction of unapplied and unidentified items

* Customer account, AR to Bank and AR to GL reconciliations

* Month close activities

* Payment query handling

* Schedule time to do self-audits and review cash application team activities

* Should be open and flexible to changes - internal activities and shift timings based on business requirement

* Responsible for building long term customer relationships with customers critical to the business

* Demonstrated basic documentation and training skills

Skills: Specific Skills Required:

* Process-oriented with high attention to detail

* Basic knowledge of computer - MS office (Excel, PPT, Word and Google docs)

* Excellent written and verbal communication skills

* Problem solving and analytical skills General abilities and skills expected to be learned and mastered in this role:

* Must possess a strong understanding of the generally accepted accounting standards

* Should have attention to detail and analytical approach

* Understand workflow of entire cash application lifecycle

Keywords:

Education: Qualifications & Experience:

* Bachelor's/master's degree in accounting, Finance or Business preferred.

* Knowledge of general accounting procedures and knowledge of general ledger accounts.

* Proficient in data entry and management.

* Proficient in Microsoft Excel, PPT, Word, Salesforce and Google docs.

* Excellent written and oral communication skills.

Benefits:

BCforward offers all eligible employees a comprehensive benefits package including, but not limited to major medical, HSA, dental, vision, employer-provided group life, voluntary life insurance, short-term disability, long-term disability, and 401k.
Keywords:

Cash Management, Accounts Receivable

About BCforward:

Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward's 6,000 consultants support more than 225 clients globally.

BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class place to work.

BCforward is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.

To learn more about how BCforward collects and uses personal information as part of the recruiting process, view our Privacy Notice and CCPA Addendum. As part of the recruitment process, we may ask for you to disclose and provide us with various categories of personal information, including identifiers, professional information, commercial information, education information, and other related information. BCforward will only use this information to complete the recruitment process.

This posting is not an offer of employment. All applicants applying for positions in the United States must be legally authorized to work in the United States. The submission of intentionally false or fraudulent information in response to this posting may render the applicant ineligible for the position. Any subsequent offer of employment will be considered employment at-will regardless of the anticipated assignment duration.

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Job Snapshot

Employee Type
Contractor

Location
Minneapolis, MN (Onsite)

Job Type
Accounting

Experience
Not Specified

Date Posted
01/11/2025

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