Cash Application Analyst Job Description
Cash Application Analyst Duties & Responsibilities
To write an effective cash application analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included cash application analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Cash Application Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Cash Application Analyst
List any licenses or certifications required by the position: EPIC
Education for Cash Application Analyst
Typically a job would require a certain level of education.
Employers hiring for the cash application analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Accounting, Finance, Business, Finance/Economics, Business/Administration, Associates, Education, Finance/Accounting, Economics, Information Technology
Skills for Cash Application Analyst
Desired skills for cash application analyst include:
Desired experience for cash application analyst includes:
Cash Application Analyst Examples
Cash Application Analyst Job Description
- Work with Exchanges and Brokers/Vendors to resolve connectivity issues
- Provides detailed specifications describing functions to be automated
- May function as a technical leader, either as a subject matter expert with proficiency in defined area (s) of the profession, or as a generalist, with a broad knowledge of all aspects of the profession
- May function as a team leader, responsible for supporting management in day-to-day personnel oversight and workflow management activities
- May conduct continuing education sessions and new employee training
- Leads discovery sessions that document requirements and workflows, and proposes build to address customer needs
- Optimizes departmental and interdisciplinary resources to maximize team
- Has a leadership role in the evaluation and revision of existing information systems
- Coordinates and operationalizes complex projects
- Performs daily cash application of payments made to several lockboxes, ACH Transmission, NOC Returns, Wire Transfers and Deposit Control
- Responsible for ensuring the process owned adheres to internal controls
- Perform daily and monthly cash reconciliation
- Cash reconciliations, monthly reporting and report production
- Perform UAT testings for change or enhancement to business process and technologies pertaining to cash management
- Research, identify and apply all payment application within SLA and accurately
- Document issues, monitor escalations and troubleshoots problems
Cash Application Analyst Job Description
- Lock Box and Desktop Deposits must be posted, reconciled and balanced on a daily basis
- Non-hospital receipts HCP and Pro Fees, must be identified and posted on a daily basis
- Utilize the SSI HARP and CPA Remittances for automated remit posting on eligible payors
- Responsible for the processing of Contractual Adjustments as identified by the EOBs and posted as needed
- Patient Responsibility should be established and posted as per each EOB
- Remit Notification comments will be captured via the SSI HARP system
- Responsible for other assigned duties including but not limited to the following
- Provide EOBs to the PFS Data Storage area on a daily basis
- Coordinate unidentified cash processing with the Refund Analyst on a daily basis
- Responsible to monitor and complete CPA work queues in a daily basis
- Proficient in Microsoft Office applications, particularly in MS Excel
- Vocational or other technical school, certification, training or apprenticeship beyond high school, preferred
- More than 2 years minimum experience in insurance, Medicare and Managed Care or Cash Application, preferred
- Ability to meet deadlines – daily, monthly
- Knowledge of computer applications and experience using both mainframe and PC based applications, specifically Microsoft Word, Excel and PowerPoint
- Reconcile general ledger – Prepare all general ledger reconciliations Cash Application is responsible for
Cash Application Analyst Job Description
- Cash Applications - Daily processing and application of customer payments including cash, wires, ACH and credit card payments
- Prepares detailed, accurate and organized, accounts receivable reconciliations for customer requests internal requests
- Update and maintain customers’ unique reference numbers for accounts that are not invoiced capturing appropriate references for payments applied
- 50% Perform and document cash account reconciliations posting journal entries on a monthly basis
- Manage users’ requests and incidents flows by gathering the information from the different communication channels (trading floor live interaction
- Monitors systems by using different trading screens
- Leads investigations and troubleshoot to resolve problems independently
- Seeks feedback on escalated problems in order to follow them up and update the end users
- Within the Agile DevOpps / feature team model, work closely with multi-functional team member and Design, co-ordinate, install and maintain in-house, vendor applications solutions and exchange gateways
- Manage and co-ordinate with vendor related issues and software deliveries
- Bachelor's Degree or higher OR High School Diploma/GED with 4+ years of Cash Application experience
- Intermediate experience in Microsoft Office Suite (such as Word, Outlook, PowerPoint)
- Completion of an undergraduate degree in CS, MIS, BA or Engineering
- 7 years of related experience or through 11 years of Systems Development and / or Applications Support which includes experience in Analysis, Design, Programming, Product Selection, Support and / or Maintenance
- Proven team lead experience and the ability to manage people is a requirement
- Previous work experience in similar area
Cash Application Analyst Job Description
- Gather and document detailed requirements, design functional solutions, customize and configuration applications, identify and execute advanced test scenarios and support solution deployment – for Oracle eBusiness Suite Applications, and related 3rd party connected applications
- In addition to analyst responsibilities, at times serve as a project manager for small/medium sized projects or tasks, performing project planning, timeline creation & tracking as projects move forward
- Troubleshoot issues, find their root cause, and any necessary corrective actions to resolve them permanently
- Perform research using tools such as myOracleSupport, Implementation guides, white papers others, as appropriate
- Demonstrate high quality and effectiveness in work documentation and organization
- Can be successful and productive in the face of change and can quickly adapt as necessary
- Open to and welcomes constructive feedback as an opportunity to improve
- Professional attitude in all situations, especially those in which conflict is present
- Primary role is to work directly with Manager to create and maintain cash application data, analyze Aged receivables and COA items assisting with special projects
- Will support various finance projects as needed
- Communicating well and works collaboratively with a team
- Accepting accountability for reaching organizational goals
- Experience with Oracle’s JD Edward is a strong plus, experience with Hyperion Financial Manager (HFM)
- A demonstrated customer service focus will be critical for this position
- The position may require occasional travel to Shire LATAM locations
- 2 years college associates degree preferred
Cash Application Analyst Job Description
- Perfom duties as maybe assigned by the Cash Application Team Lead
- Apply daily check payments
- Perform AR research requests, contact banks
- Process AR cash spreads/on account payments, contact customers
- Assist with internal/external auditor requests to pull data to support controls and confirm AR activity
- Work with internal and external stakeholders to improve Auto-cash application percentage
- Analyze top reasons responsible for driving Unapplied Cash
- Develop, track and report metrics/performance on various business situations/projects
- Handle multiple such projects in parallel that require system and process migration, training/transition management, knowledge management & retention, risk evaluation and mitigation
- Timely and accurate cash application and account adjustments for all Franchise Billing
- 1-2 years of experience in cash application preferred
- Experience within the Oracle EBS Financial Suite of Modules (Account Receivable, Accounts Payable, eBTax, General Ledger, Payments, Cost Management, Cash Management, Fixed Assets) along with Order Management and Pricing modules
- Experience with implementing “Order to Cash” solutions
- Experience with Taxing Solutions
- Experience using IT tools such as JIRA, ALM
- Experience in both the Waterfall and Agile project methodologies