Senior Cash Application Clerk

Company: Stericycle
Location: Deerfield
Posted on: March 19, 2023

Job Description:

Title: Senior Cash Application Clerk Requisition Id: 26133 Job Function: Finance Career Area: Corporate Jobs Work Location: Bannockburn 1 - 2355 (CORP) About Us: At Stericycle, we deliver solutions and drive innovations that protect the environment, people, and public health. This includes working to create a more sustainable, shared future. Our innovative solutions make a difference in people's lives, communities, and our planet by protecting their health and well-being. Change your career. Change your world. Join Stericycle and help protect health and well-being in a safe, responsible, and sustainable way. Position Purpose: This individual will serve as a leader responsible for engaging staff and implementing best practice workflows to ensure prompt and accurate payment posting and cash reconciliation for all depository accounts. This position interacts daily with team members and other departments to quickly resolve cash posting. Responsible for the daily posting of the more complex cash transactions and customer account reconciliation; weekly statistical reporting and monthly reconciliations for bank activity to general ledger. Key Job Activities: * Oversees daily lockbox files downloads and monitors daily payment batch activity and independently makes necessary assignment adjustments to ensure completion within established time frames to meet departmental SLA's. * Independently handles and resolves issues related to cash application for specialized customer accounts and reconciliation of more complex customer accounts including, but not limited to transfers, reversals, check inquiries, refund requests and write-offs. * Responsible for handling customer escalations related to account reconciliations. Timely follow up communication with internal and external customers to provide positive customer experience. * Responsible for the monthly reconciliation for balancing the bank activity to general ledger and validity of the inter-company ledger account transfers within required deadlines. * Responsible for the preparation and delivery of individual/ group training related to the cash application process or software/systems that support the cash applications process. * Identify and implement improvements to departmental procedures for Cash Application and tasks and processes. * Conduct User Acceptance Testing (UAT) for projects under direction from Management. * Perform other duties and responsibilities, as assigned. Experience: * Education equivalent to graduation from high school, or the equivalent in related work experience demonstrating a working knowledge in payment sources and processing * 3+Years of Experience, preferably in Cash Application or a background in banking and finance. Demonstrating a good aptitude for mathematics and high-volume data entry skills. * Demonstrates advanced computer skills with a proficiency in Microsoft Excel, Word and Outlook and SAP experience. * Demonstrates the ability to review and proofread work for accuracy and completes specific aspects of assignments, as directed. Concentrates on tasks at hand, even in distracting work environments. * Demonstrates the ability to present information in a clear, concise, and organized manner; listen to others to ideas and questions to effectively obtain information. * Demonstrates strong analytical skills to perform complex account reconciliations with the ability to function independently and resolve problems without direction. * Demonstrates the ability to manage own time, activities and resources to ensure department standards are met on a consistent basis. * Demonstrates the ability to respond to customer questions in a timely manner. Benefits: Stericycle currently offers its employees the option to participate in a full range of benefits, including a health care program which includes medical, dental, vision and prescription coverage, healthcare and dependent care flexible spending accounts, life and accidental death and dismemberment insurance, an employee assistance program, tuition reimbursement, paid vacation and sick time, a 401(k) plan, and an employee stock purchase plan. Participation in some programs requires that employees be regularly scheduled to work a minimum number of hours and/or to have fulfilled a waiting period after they begin employment with Stericycle. Disclaimer: The above description is meant to provide a summary of the nature and level of work being performed; it should not be construed as an exhaustive list of all responsibilities, duties and requirements of the job or person. This document does not create an employment contract, implied or otherwise. Stericycle will consider requests for workplace accommodations for protected physical or mental limitations in accordance with its human resources policies and local laws.To the extent permissible under local law, and consistent with business necessity, Stericycle reserves the right to modify the content formally or informally, either verbally or in writing, at any time with or without advance notice. Nearest Major Market: Chicago

Keywords: Stericycle, Arlington Heights , Senior Cash Application Clerk, Other , Deerfield, Illinois