Cash Application Specialist

Location: Itasca, IllinoisAssignment Type: 3-Month Contract with Potential for ConversionCompensation: $25–$27/hour, depending on experienceBenefits: This position is eligible for Medical, Dental, Vision & 401(k)Join a Team Where Your Cash Application Expertise Makes an Impact!Are you an experienced Cash Application Specialist looking for your next opportunity? Our client is a well-established organization with a collaborative team environment and is looking for a detail-oriented professional to join their team.This is a great opportunity for someone who enjoys working in a fast-paced, high-volume accounts receivable environment, researching payments, resolving discrepancies, and ensuring accurate and timely cash application. You'll have the opportunity to make an immediate impact while gaining valuable experience with a respected organization.What You'll Be DoingProcess a high volume of customer payments, including ACH, wire transfers, checks, and credit card paymentsApply incoming cash payments accurately to customer accounts within the accounting systemReview and interpret remittance advice to ensure payments are applied correctlyResearch and resolve unapplied cash, unidentified payments, and payment discrepanciesReconcile daily cash receipts and investigate differences between bank deposits and system recordsMonitor customer accounts and maintain accurate payment recordsCommunicate with customers and internal departments to obtain remittance details and resolve payment issuesProcess customer account adjustments, deductions, and credit memos as neededAssist with researching short payments, overpayments, and outstanding balancesSupport daily cash reporting, account reconciliations, and month-end close activitiesMaintain organized documentation and support internal auditsPartner with the Accounts Receivable and Collections teams to ensure accurate account balancesWhat We're Looking ForAssociate's or Bachelor's degree in Accounting, Finance, or a related field2–4 years of Cash Application or Accounts Receivable experienceExperience processing high volumes of customer paymentsFamiliarity with accounting/ERP systems and cash application processesProficiency with Microsoft ExcelStrong understanding of payment processing, remittance advice, and account reconciliationsExcellent attention to detail and accuracyStrong organizational and problem-solving skillsAbility to manage multiple priorities in a fast-paced environmentWhy choose Addison Finance and Accounting?Pay: We negotiate high salaries using U.S. Bureau of Labor StatisticsBenefits & Bonuses: You are eligible for medical, dental, vision insurance benefits, 401K, and monetary bonusesConnections: You connect directly with hiring managers from renowned organizationsOptions: You are presented multiple employment options near your homeProfessional Development: You are provided hiring process advice, resume revision, and employment term negotiationAddison Group is an Equal Opportunity Employer. Addison Group provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. Addison Group complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. Reasonable accommodation is available for qualified individuals with disabilities, upon request. make this sound more enticing as a job description.