Cash Application Specialist

Job Description

Accounts Receivable Associate | Menasha Corporation

The Tone:
Menasha Corporation is a 7,500-person organization with a rich history dating back to 1849, headquartered in Neenah, WI. Through its two businesses, Menasha Packaging and ORBIS Corporation, the company leads in providing corrugated and plastic packaging products and related services, including innovative supply chain solutions, to major global companies across various industries. This full-time Accounts Receivable Associate role, located in Neenah, WI, is crucial for maintaining the financial integrity and smooth operations of the corporation by ensuring accurate and timely cash application across multiple entities, currencies, and bank accounts. The position is central to supporting financial accuracy, resolving payment discrepancies, and contributing to the overall success driven by employee insights and collaborative efforts.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person Neenah, WI
• Mission: Provide accurate and timely cash application to company accounts as customer payments arrive.
• Tech Stack: SAP, Sharepoint, Bank websites, currency exchange, required record retention

What You’ll Actually Do
• Process Cash Receipts: Accurately and promptly apply cash receipts to customer accounts for each legal entity within Menasha Corporation, ensuring correct currency conversion and allocation.
• Resolve Discrepancies: Collaborate closely with Menasha Corporation’s operating companies and Credit Departments to thoroughly investigate and solve all cash application discrepancies and payment-related questions.
• Manage Exceptions: Proactively identify and efficiently route all cash application exceptions and unique payment scenarios to the appropriate Credit Department for resolution.
• Provide Support: Offer direct assistance and guidance to operating companies, addressing inquiries and aiding in the accurate handling of unusual or complex cash application situations.
• Perform Reconciliations: Execute daily and monthly reconciliations for multiple bank accounts, ensuring all transactions align with the cash received from various banks and in different currencies.

The Must-Haves
• Background: Foundational understanding of the accounts receivable process, cash application principles, and financial transaction reconciliation.
• Experience: Demonstrated ability to accurately process and apply cash receipts, coupled with experience in identifying and resolving payment discrepancies.
• Skills: Proficiency in using financial technology systems such as SAP and Sharepoint, managing bank websites for transaction details, and navigating currency exchange for cash application.
• Bonus: Capability to serve as backup for an Accounts Receivable Coordinator and willingness to assist with special projects when required.