Cash Application Specialist
Overview:
Founded in 1898 and headquartered in Chicago, IL, GATX Corporation (NYSE: GATX) is an industry leader with 125+ years of success—success that is powered by our people. We are proud of our high-performance culture, hard-working and enthusiastic management team, and beautiful office space in the Willis Tower.
At GATX, we hire the best and offer our employees a dynamic, energetic, collaborative environment to enable them to make an impact from day one. Enjoy the perks and benefits of a global company with the close-knit culture and community of a much smaller one. In the same way we strive to empower our customers to propel the world forward, we are dedicated to providing our people with the tools and resources they need to advance in their careers.
Accurately apply payments received (via check, ACH, wire) from customers to accounts and invoices in SAP on a daily basis. Investigate and apply non-customer payments received to the appropriate general ledger account.
Responsibilities:
Be self-reliant with the entire cash posting process for incoming ACH’s, wires and checks.
Post cash receipts on a daily basis, which includes
- Obtaining customer remittance information from the AR mailbox and applying payments received to invoices on the customer’s account
- Research and resolve any unapplied customer payments timely manner
- Research and resolve any unapplied non-customer payments in a timely manner
- Maintain cash receipt documentation (customer remittance, bank reports/statements, etc.) in organized manner
- Monitor / Maintain department inboxes (3 inboxes: including AR mailbox, Canadian AR mailbox and AR statement inboxes)
- Respond to all internal and external AR / Cash application requests and inquiries (account statements, payment reconciliations, etc.)
Communicate account status to appropriate individuals in GATX management with timely and accurate information.
Qualifications:
- Proficiency and / or work experience in cash application.
- SAP experience extremely helpful.
- Proficiency in Microsoft Excel is essential for managing data and creating reports
- Strong attention to detail and accuracy in handling cash applications and collections.
- Excellent communication skills, both written and verbal, to effectively resolve any issues related to cash applications.
- Ability to work independently and manage multiple tasks efficiently.
- Strong problem-solving skills to effectively address any discrepancies or issues.
- Typical knowledge of other Microsoft applications such as Outlook, Word, Teams and other Microsoft Office products.
Salary range:
As of the post date, the salary range for this position is:59600.00 USD - 68000.00 USD
This range is a reasonable estimate and takes into account several factors that are considered in making compensation decisions, including, but not limited to, geographic location, skill set, experience, education, training, internal equity, and other business needs.