Kforce Cash Application in McLean, Virginia

Kforce has a client that is searching for a Cash Application individual in McLean, VA. The Cash Application Specialist is responsible for processing payments received and completing review of all credit limit increase requests.Roles and Responsibilities:Cash Applications:

  • Ensure all payments are uploaded into Oracle within 24 business hours of receipt

  • Create and maintain daily reporting that ensures payments received by all banks are uploaded

  • Ensure all payments are applied to invoices within 24 business hours of being uploaded into Oracle

  • When payments cannot be identified, the Cash Applications Specialist will contact the bank same day to gather additional information that will help to identify the originator; in addition, send an email to all the Collection Analysts indicating the date, amount, and description of the unidentified payment

  • When -Split-payment- issues are identified, ensure these are completed same day and payments are applied to the appropriate invoices

  • When payments clearly do not match invoices, the Cash Applications Specialist will notify the Collections analyst same day providing details of the payment (e.g.: check number, amount, and description); if no guidance is provided within 24 business hours, the Cash Applications Specialist should leave payment unapplied

  • Ensure all adjustments related to cash applications are entered at the time cash is applied; this would include bank/wire fees and FX currency adjustments

  • Assist with all testing and implementation efforts related to -Cash Automation-

  • All monthly recurring ACH/Check by phone batch processing should be completed by the 7th of the month and 22nd for 2nd run

  • All monthly recurring credit card batch processing should be completed by the 7th of the month and 22nd for 2nd run

  • Bachelor's degree in Accounting preferred

  • 1 - 4 years of Cash Application experience

  • Oracle experience preferred

Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.Compensation Type:Hours