Cash Applications and Collections Administrator

Job Description

Cash Applications and Collections Administrator | Stride, Inc.

The Tone:
This is a full-time role at Stride, Inc., which is a virtual position open to residents of the 50 states, D.C. Stride, Inc. is dedicated to supporting various corporate Business Units with essential financial administration. This role is crucial for ensuring accurate processing of daily cash receipts, maintaining organized financial records, and supporting a timely and accurate monthly close. The Administrator plays a key part in the financial health of the organization by managing cash application and collection efforts.

The TL;DR
• Role: Full Time
• Type: Regular
• Location: Remote, United States
• Pay: $20.28–$32.45 hourly
• Mission: This role ensures accurate processing of cash receipts, timely payment applications, and effective collections to maintain healthy accounts receivable.
• Tech Stack: NetSuite, Microsoft Office, Windows 10, Advanced Excel

What You’ll Actually Do
• Cash Processing: Retrieve daily bank deposit reports and supporting remittance documentation for multiple accounts and providers, identifying the applicable line of business.
• Financial Reporting: Prepare daily journal entries for cash posting and generate reports of cash application activity for distribution to key business partners.
• Account Reconciliation: Accurately apply payments to customer accounts from remittance details, monitor unapplied cash balances, and resolve unidentified payments within 30 days of receipt.
• Collections Support: Assist with collection efforts, schedule resolution sessions with customers to understand their order-to-pay cycles, and resolve invoice discrepancies to ensure timely and accurate receivables.
• Process Improvement: Analyze trends, suggest process improvements and innovative solutions, and maintain accurate and updated procedures while adhering to department policies and SOX controls.

The Must-Haves
• Background: 3-4 years of Cash Receipts or Accounting experience.
• Experience: Prior exposure to SOX controls and the ability to quickly respond to external Auditor inquiries; experience with NetSuite.
• Skills: Advanced Excel skills; strong analytical and problem-solving abilities; excellent written and oral communication skills; high level of attention to detail and ability to meet deadlines.
• Bonus: Bachelor’s degree (preferably in accounting); understanding of accounting and/or revenue processes; understanding of SOX compliance.