Cash Applications Specialist

Job Description Summary :

The Cash Applications Specialist supports finance activities within the Finance Department and U.S. Shared Service Center by accurately processing and applying customer payments using company payment systems. This role is responsible for posting daily payments to the correct customer accounts, creating and applying manual cash receipts, and reconciling accounts to ensure accuracy and efficiency. The specialist inputs and retrieves data from financial systems, spreadsheets, and works to resolve unapplied payments before month-end while continuously improving and streamlining manual processes. Additional responsibilities include ensuring effective issue resolution procedures and supporting auditor requests. This position reports directly to the Accounts Receivable Supervisor.

Position Responsibilities:

• Post incoming payments (ACH, wire transfers, checks, credit cards) to correct customer accounts daily

• Reconcile income payments against outstanding invoices and customer accounts

• Inputs and retrieves data from computer systems and reconciles accounts daily

• Apply payments to customer accounts accurately and efficiently

• Review accounts receivable aging reports regularly.

• Responsible for accurate and timely payment analysis

• Proactively work with customers and collectors to identify and resolve payment issues

• Support month-end closing activities by preparing AR reconciliations and resolving unapplied cash balances

• Ensure adherence to internal controls and compliance with industry-specific financial regulations

• Other duties as assigned

Qualifications:

• Bachelor’s degree preferred

• Experience in Accounts Receivable with high volume cash application experience

• Minimum 2 years of experience with a large customer base, preferably automotive

• Excellent communication skills via telephone, video conferencing, email, etc.

• Capacity to operate in fast-paced work environment and adhering to public company compliance requirements

• Superior ability to prioritize and focus in a high-paced, multi-tasking environment

• Ability to learn new technology software skills quickly

• Proficiency in Microsoft Office including Excel, Word, and Outlook

• Attention to details, commitment to accuracy, and extremely organized

• Commitment to protecting customer/ company privacy

• Cooperative/ collaborative team player

• Strong customer service approach to all matters

• AS400/ CMS experience is a plus

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee must occasionally lift and/or move up to 15 pounds. Specific vision abilities required by this job include Close vision, Distance vision, Peripheral vision, Depth perception and Ability to adjust focus. While performing the duties of this Job, the employee is regularly required to reach with hands and arms and talk or hear. The employee is frequently required to stand; walk; sit and use hands to finger, handle, or feel.

Mental Demands:

While performing the duties of this position, the employee will be regularly required to use written and oral communication skills; read and interpret data, information and document. Analyze and solve problems with patience and ability to manage stress. Observe and interpret situations; learn and apply new information or skills.

Benefits and Perks

Methode offers US employees Medical, Dental, Vision, Hearing, Life & Disability insurance, a wellness program, and time off benefits.

Voluntary benefit plans include Accident, Hospital Indemnity and Pet Insurance.

Methode provides an Employee Assistance Program, and participation in the Company’s 401(k) plan which includes a company contribution.

Base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Hourly employees will also be paid overtime pay when working qualifying overtime hours.

Methode Electronics is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, genetic information and other legally protected characteristics per the EEO Poster available here . If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] or call (708) 867-6777 and let us know the nature of your request and your contact information.