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Cash Application Clerk - 2 Month Contract (Closed)

About the Opportunity

• Collaborate with the Credit Manager to maintain cash posting goals and general cash application performance levels
• Open mail consisting of cheques and scan into cheque scanner to deposit funds in HSBC’s bank account
• Review funds received, cash desk reports and cheque batches to ensure accuracy and completeness prior to processing
• Follow-up on missing remittances with credit team and/or customer
• Follow guidelines on posting to Profit Centres for discounts, deductions, and short payments
• Post Branch deposits - collections from customers at the Branches are deposited and referenced in the bank statement daily for cheques, cash, debit, and credit cards balance and post to ERP system
• Report the daily unapplied payments to the credit departments and relevant teammates to identify customers and application instructions
• Perform reconciliations weekly/ monthly to balance all amounts deposited in the bank against all amounts applied to ERP system
• Ensure completeness of posting for month-end closings
• Analyze the cash application suspense account and correct any errors daily
• Build and maintain excellent customer relationships both internally and externally (Branch, Finance teams, Credit Department and Customers)
• Support the credit department’s understanding of the application process, customer account balances, customer account reconciliations and system reporting
• Proactively support the cash application inbox by responding to inquires within 24 hours
• Upload electronic copies of all cash application materials in shared folder for easy access by Credit team members
• Ensure the strict confidentiality and privacy of financial records as they relate to the organization and it’s customers
• Adhere data storage compliances
• Form cash application strategies to mitigate posting errors and minimize unapplied cash transaction on customer accounts
• Escalate any issues to the Credit Manager

About You

• Requires at least 2 years’ experience in accounting field
• Demonstrated ability to accurately calculate, post, correct, and manage accounting figures and financial records
• Must possess a high level of moral judgment for handling confidential information and monetary transactions
• Exceptional attention to detail and a high degree of accuracy 
• Strong work ethic and positive team attitude
• Able to effectively communicate both verbally and in writing 
• Strong follow up skills and the ability to handle high volumes
• Must have some flexibility of work hours and the availability to put in extra hours during peak times

How to Apply

Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats.

When referencing this job, quote # 30781.

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.