Manager Of Cash Applications

Overview

• Lead and manage cash application operations, ensuring accuracy and efficiency in financial transactions and payment processing.
• Collaborate with cross-functional teams to optimize workflows and resolve discrepancies effectively.
• Maintain compliance with regulatory standards and internal controls to uphold financial integrity.
• Support month-end and quarter-end close processes, contributing to comprehensive financial reporting.
• Drive operational excellence and align team efforts with organizational financial objectives.
• Foster a culture of accountability, accuracy, and continuous improvement within the team.
• Provide leadership and mentorship to staff, promoting professional growth and productivity.
• Contribute to the implementation of innovative solutions to enhance cash application processes.

Key Responsibilities & Duties

• Manage daily cash application processes, ensuring accurate and timely posting of payments to accounts.
• Oversee receipt intake from diverse sources, including lockbox, ACH, wire, manual checks, and portals.
• Collaborate with team members to prepare journal entries and address payment discrepancies effectively.
• Monitor unapplied cash and drive timely resolutions to maintain financial accuracy.
• Partner with Lease Administration, Treasury, Accounting, and IT teams to optimize workflows and systems.
• Ensure compliance with regulatory standards and maintain accurate financial records.
• Support the implementation of technology solutions to enhance operational efficiency.
• Act as the primary contact for inquiries related to payment activity and portal support.

Job Requirements

• Bachelor’s degree in Accounting, Finance, or related field is required.
• 7+ years of experience in cash applications, accounts receivable, or accounting.
• 3+ years of supervisory experience, including managing third-party resources, preferred.
• Proficiency in ERP systems such as MRI, Yardi, or JD Edwards is preferred.
• Advanced MS Office skills, particularly Excel (e.g., pivot tables, VLOOKUPs, formulas).
• Strong analytical, organizational, and communication skills are essential.
• Knowledge of real estate finance, including lease structures and billing cycles, is beneficial.
• Ability to interpret complex agreements and apply payments accurately.