Hire a Cash Application Specialist
Save 76% Compared to a domestic employee.
Work with FullTeam to hire a full-time, English-speaking Cash Application Specialist. They will seamlessly integrate into your finance team, to manage and optimize your cash application processes, while operating on your timezone. The ideal candidate will have strong analytical skills, excellent attention to detail, and the ability to provide valuable financial insights. Best of all, you won't pay us ongoing fees per hire, and we offer up to a Lifetime guarantee.
THE SALARY
Employ a full-time Accounts Receivable Specialist for $1100/mo.
THE RETENTION
Overseas cash specialists are retained for 4.4 years on average.
THE SAVINGS
You’ll save $40,800/yr compared to a US equivalent.
Will it work?
We’ve hired and worked with hundreds of overseas employees. They’re motivated, educated, and culturally aligned. Here are some tasks we’ve found a successful Cash Application Specialist can take off your plate.
Process Payments: Apply payments to customer accounts accurately.
Reconcile Accounts: Ensure customer accounts are balanced and accurate.
Monitor Transactions: Track all incoming payments and transactions.
Resolve Discrepancies: Identify and resolve any payment discrepancies.
Update Records: Maintain accurate records of all payment transactions.
Communicate with Customers: Contact customers regarding payment issues.
Assist with Invoicing: Support the invoicing process by ensuring payments are applied correctly.
Prepare Reports: Generate reports on payment activities and account status.
Verify Payments: Confirm the accuracy of payment details before application.
Support Collections: Assist the collections team with overdue payments.
Identify Trends: Analyze payment data to identify trends and issues.
Ensure Compliance: Make sure all cash application activities comply with company policies.
Manage Refunds: Process refunds and adjustments as necessary.
Collaborate with Teams: Work with other departments to resolve payment issues.
Optimize Processes: Identify ways to improve the cash application process.
Handle Inquiries: Respond to customer and internal inquiries about payments.
ZERO risk…
We cannot emphasize ZERO enough!
Our team will work tirelessly to find you the perfect match for your Accounting/Finance role, and you’ll receive a full refund if a placement is not found.
When we find a match, we'll back them with our Lifetime Replacement Guarantee.
It’s impossible to lose!
Let us help you grow
It’s time to get your time back.
Our entire goal is to help your business grow. We know how tough it is to scale a team.
Reduce your hiring risk by expanding overseas.
Need a sample job description? Here you go…
Job Title: Cash Application Specialist
Location: Remote
Job Description: We are looking for a detail-oriented Cash Application Specialist to join our team remotely. In this role, you will be responsible for accurately applying payments to customer accounts, resolving discrepancies, and maintaining accurate financial records. The ideal candidate will have strong analytical skills, excellent attention to detail, and the ability to provide valuable financial insights. You will play a key role in helping us manage our cash flow effectively and improve our financial performance.
Responsibilities:
Process Payments: Apply payments to customer accounts accurately and timely.
Reconcile Accounts: Ensure customer accounts are balanced and accurate by reconciling payment transactions.
Monitor Transactions: Track all incoming payments and ensure they are processed correctly.
Resolve Discrepancies: Identify and resolve any discrepancies in payment applications.
Update Records: Maintain accurate and up-to-date records of all payment transactions and customer accounts.
Communicate with Customers: Contact customers regarding payment issues and provide assistance as needed.
Assist with Invoicing: Support the invoicing process by ensuring payments are applied correctly and promptly.
Prepare Reports: Generate detailed reports on payment activities, account status, and discrepancies for management review.
Verify Payments: Confirm the accuracy of payment details before application to customer accounts.
Support Collections: Assist the collections team with overdue payments and ensure timely resolution.
Identify Trends: Analyze payment data to identify trends, issues, and opportunities for improvement.
Ensure Compliance: Ensure all cash application activities comply with company policies and relevant regulations.
Manage Refunds: Process refunds and adjustments as necessary to customer accounts.
Collaborate with Teams: Work with other departments to resolve payment issues and ensure smooth financial operations.
Optimize Processes: Identify opportunities to improve the cash application process and increase efficiency.
Handle Inquiries: Respond to customer and internal inquiries about payments and account status.
Requirements:
Proven experience as a Cash Application Specialist or in a similar role.
Strong analytical and numerical skills.
Excellent attention to detail and accuracy.
Good knowledge of cash application processes and accounting principles.
High level of proficiency in using financial software and tools.
Strong communication and interpersonal skills.
Ability to work independently in a remote environment.
High school diploma or equivalent; further education or certification in accounting or a related field is a plus.
Previous experience in cash application, finance, or a related field is preferred.
Good organizational and time management skills.
Ability to provide valuable financial insights and recommendations.
Knowledge of relevant regulations and compliance standards in cash application and finance.
Screening Questions:
Do you have experience as a Cash Application Specialist or in a similar role? (Yes/No)
Are you familiar with cash application processes and accounting principles? (Yes/No)
Do you have experience using financial software and tools? (Yes/No)
Information Questions:
Can you describe your previous experience in processing and applying payments to customer accounts?
How do you ensure accuracy when reconciling payment transactions and customer accounts?
Can you provide an example of a time when you resolved a significant payment discrepancy?
Other Names and Titles for the Role "Cash Application Specialist"
Accounts Receivable Specialist
Manages accounts receivable processes, including cash application.
Finance Specialist
Provides financial support, including cash application and reconciliation.
Collections Specialist
Manages overdue payments and supports cash application activities.
“I successfully built (and sold) my last business after experiencing tremendous growth. My secret... I built an overseas team to support my team in the USA. Now I’m building FullTeam to help you do the same. ”