The duty of a Cash Applications Specialist is to maintain the financial records of the company and manage the cash processing duties as well. Typical duties seen on the Cash Applications Specialist Resume include the following – collecting payments, issuing receipts, answering to customer inquiries as and when needed, issuing invoices and refunds, reconciling credit card reports, improving processes and creating efficiencies, recording and balancing all-cash transactions; resolving reconciliation pertaining to payments and processing adjustments and refunds.
Those seeking to work for this specialized area should concentrate on the following skills – good math skills, accuracy, basic accounting knowledge, experience in handling cash application in a business environment, familiarity with basic accounting principles, SAP cash applications; and good knowledge of relevant software. Eligible candidates should hold a degree in the field of Accounting, finance or business administration.
Objective : Highly analytical, deadline-driven Cash Applications Specialist (AP) who completes accounting activities with accuracy and speed.
Skills : Microsoft Office, Microsoft Word, Microsoft Excel, Microsoft Office Suite, Microsoft Outlook.
Description :
Compiled financial reports pertaining to cash receipts, expenditures and profit and loss.
Performed complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.
Prepared accurate financial statements at end of the month.
Reviewed collection reports to determine the status of collections and the amounts of outstanding balances.
Worked with management at the project level to ensure expense plans are achieved.
Collected and reported monthly expense variances and explanations.
Applied funds to the correct accounts.
Experience
2-5 Years
Level
Executive
Education
Associate Of Arts
Sr. Cash Applications Specialist Resume
Summary : To obtain a position in the medical field where medical skills and education can be utilized in an environment conductive to promoting fresh ideas and staff development.
Responsible for posting payments for various payers.
Verified and processed refunds, payment research and payment transfers.
Duties included but are not limited to: Perform electronic posting of commercial insurance and AHCCCS.
Performed manual posting of various commercial insurance and AHCCCS posting from EOBS and edits of electronic remits.
Performed manual posting of self pay and patient responsibility payments.
Responsible for posting denials from EOBS Responsible for posting contractual adjustments and transfer requests from customer service and collections/management.
Performed special posting for - Ability to Pay Program (ATPP) payments, Ryan White Payments, Well Woman payments, Inspiris Payments maintained daily average of 600+ daily transactions.
Experience
10+ Years
Level
Senior
Education
Diploma In Coding
Cash Applications Specialist Resume
Summary : To find gainful employment with a company in a health insurance environment, that offers opportunities for advancement. To obtain a challenging position that will utilize my experience, abilities, skills, and education.
Skills : Quickbooks, Microsoft Office, Excel Spreadsheets, Word, As400, MAS 90, Sap, Great Plains, Peachtree Accounting, Oracle, Timberline, Microsoft Dynamics.
Description :
Posted line item payment and adjustment to patient account.
Analyzed any credit accounts to determine if a refund should be processed.
Processed any necessary refunds.
Posted denial codes to insure responsibility of patient or insurance company.
Identified problems on accounts and follow through to conclusion.
Balanced receipts, reconciles daily work batches, and prepares audit trail.
Identified consistent fee schedule allowable differences and communicate upline for updating.
Experience
7-10 Years
Level
Management
Education
Insurance
Jr. Cash Applications Specialist Resume
Headline : A business professional with experience in accounting administration and operations. Proficient in cash applications, managing. Expertise in invoice and payment transactions. Superior attention to details. Very organized, flexible and dependable. Great at solving problems. Quick learner. Committed to do the best job possible.
Skills : Cash Applications Specialist, Biller.
Description :
Acquired Lockbox, ACH and Wire transfer information from bank.
Corrected and applied all payments in accordance to remittance detail.
Included scanning, processing the deposit and applying checks received by mail.
Transfered Cash On Account to invoices due or pre-paid orders, per customer request.
Applied credit memo's and execute write offs.
Charged and applied credit card payments to customer accounts.
Applied Pay Pal payments to customer accounts.
Experience
5-7 Years
Level
Junior
Education
Human Resource Development
Cash Applications Specialist II Resume
Objective : Corporate Accountant with experience in the areas of financial management including: financial reconciliation (domestic and foreign bank statements and general ledger accounts) and reporting; regulatory compliance, internal controls, and audits; tax filings; accounts payable and receivable. Strong analytical and research skills with the ability to recognize deficiencies, evaluate findings, formulate conclusions and outline corrective actions as needed.
Responsible for application of unprocessed transactions in the Denver West Regional lockboxes.
Resolved unapplied cash and deduction issues on customer's accounts.
Interaction daily with multiple Credit Analyst's and Regional Branch Managers to insure all payment disputes are resolved.
Reviewed and reconciled weekly credit card discrepancy and deduction reports.
Reconciled end of month reports to identify all cash payments received were posted to customers accounts.
Applied over 1,200 unprocessed check, ACH, and Wire transactions in the amount $8.5 million dollars monthly.
Applied over 500 credit card payments of $3+ million for American Express, Master Card, and Visa monthly.
Experience
2-5 Years
Level
Executive
Education
BS
Cash Applications Specialist I Resume
Objective : Reviewed end of month discrepancy reports to post any unprocessed transactions.
Applied over 500 offsets and write-offs monthly to clear issues on customer's accounts.
Reconciled discrepancies on regional credit card and bank reconciliation reports monthly.
Researched customer accounts for discrepancies. Created daily, weekly and monthly reports for Accounting Management.
Skills : Epic, Microsoft Word, Microsoft Excel, As400, Sap, Microsoft Outlook.
Description :
Assisted in other duties as needed such as package checkin, scanning, indexing and preparing reports.
Identified on primary payments (EOB) when a secondary payor is present and refer accordingly.
Posted patient payments, third party insurance payments and contractual adjustments to the appropriate medical accounts within the guidelines of .
Balanced daily cash receipts for my attorneys.
Applied cash for Cal Western Reconveyance Corporation, Reliable and Interface from June, 2012 to the present.
Applied a high volume of over $800 million for Cal Western in checks, ACHs, credit cards and lockboxes.
Applied a high volume of over $360 million for Reliable in checks and credit card payments.
Experience
2-5 Years
Level
Executive
Education
Master of Accounting
Assistant Cash Applications Specialist Resume
Summary : Managed unapplied cash reports on excel spreadsheets Ensured all payments and batches are posted prior to the billing cycle close.
Worked under the direct supervision of the Cash Management Team Leader and the Director of Patient Accounting.
Responsible for the daily preparation and posting of receipts, balancing payments and running of daily reports Prepare Lock Box and post payments from explanation of benefits received the prior day.
Maintained daily close schedule as coordinated by Cash Team Leader Work offset and clearing accounts in a timely fashion (weekly) to eliminate excess monies in these transition accounts.
Managed care profiles, AWP grids, and other tools necessary to determine proper insurance payment.
Advised Team leader of any insurance issues as they are identified.
Worked up and posted Zero-Pay EOB's daily, as included in the lockbox for proper distributions to other teams.
Operated electronic posting downloads along with manual postings daily.
Experience
7-10 Years
Level
Management
Education
Diploma
Associate Cash Applications Specialist Resume
Summary : A goal oriented professional with strong analytical skills in the areas of Accounts Receiveable and Accounts Payable. Possessing solid leadership capabilities, and the ability to communicate effectively with all levels of management. Able to handle various projects and large workloads accurately and in the shortest amount of time.
Skills : Excel, Microsoft Office, Customer Service, Billing, Payment Processing.
Description :
Prepared daily bank deposits; process returned checks (NSF).
Charged NSF fees to the tenants account.
Responsible for managing the main DDR lockbox account.
Conducted Bank Reconciliations on a monthly basis.
Collaborated with collection, lease accounting, tenant services and treasury departments to resolve tenant issues.
Applied payments to tenant accounts by entering cash receipts accessed from bank lockbox websites into system in a timely manner.
Reviewed back up and tenant payment history to identify correct income categories for monthly and annual billings, due to periodic escrow changes.
Corrected deposits of payments remitted to the wrong bank lockbox by applying the deposit to the Tenant Transfer general ledger account and submitting wire fund transfer requests to Treasury.
Experience
10+ Years
Level
Senior
Education
Diploma
Assistant Cash Applications Specialist I Resume
Objective : More than fifteen years of professional Medical Administration experience. exemplify leadership qualities and professionalism. Extensive background in patient-oriented service operations and business development, including billing, A/P, AR, posting payments, insurances, and cost control. Maintain positive relations with staff and patients in high-volume, fast-paced operations.
Skills : Quickbooks, OpenAir, NetSuite.
Description :
Supervised staff of eight in managers absent to ensure projects and tasks were completed as scheduled.
Prepared Bank to S/L reconciliation and monthly financial schedules.
Prepared daily, weekly, and monthly cash receipt reports.
Assisted in Audit via, investigating, analyzing, and compiling accounting system records And cash receipts.
Created written procedures for cash receipts -wires, lockbox; return check, and credit card.
Processed daily receipts from the Lockbox Investigation Unit.
Managed project to reduce millions in customer credits.
Ensured posting of payments received and applied to suspense accounts for further investigation.
Processed all month end request for internal groups.
Experience
2-5 Years
Level
Executive
Education
Accounting
Cash Applications Specialist Resume
Objective : Cleaned up previous backlog of unapplied cash for McCalla Raymer, LLC and Johnson & Freedman, LLC. Only Cash Applications Specialist tasked with completing credits for McCalla Raymer, LLC; Johnson & Freedman, LLC; and Cal Western Reconveyance Corporation. Began an overall reconciliation and a daily reconciliation for DAX and TESS not previously done.
Skills : Accounting and Math skills.
Description :
Balanced cash spread sheets in Excel based off of Bank information.
Corresponded in emails in regards to misapplied funds on accounts.
Worked with new and existing customers to ensure proper services are provided.
Processed all incoming payments related to company asset purchases.
Processed outgoing payments related to company asset sales.
Monitored vendors and other third parties with whom the company has relationships.
Maintained cash balance to make sure it is sufficient for daily operations.
Maintained accurate records of transactions processed by the Cash Application Specialist.
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