Process Analyst - RCM AR Cash Apps

AR – Cash Apps

An AR Cash Application job involves accurately applying customer payments to invoices, reconciling accounts, and managing payment discrepancies like Un-applied cash, short/overpayments, and credits, requiring strong data entry, problem-solving, and communication to maintain clean AR records and support financial reporting.

Key Responsibilities:

• Payment Processing: Receive, record, and apply cash, checks, EFTs, and wire transfers to customer accounts daily.
• Reconciliation & Matching: Match payments to corresponding invoices, reconciling any variances in amounts or remittance details.
• Exception Handling: Investigate and resolve unapplied cash, unidentified receipts, short payments, overpayments, and disputes.
• Customer Communication: Contact customers and internal teams (sales, billing) to resolve discrepancies and obtain necessary remittance info.
• Reporting: Generate and analyze daily cash application, unapplied cash, and AR aging reports.
• Documentation: Maintain accurate records of all transactions, adjustments, and communications for audit purposes.
• System Management: Utilize ERP/accounting software (e.g., Oracle) to post transactions and maintain data integrity. 

Typical Duties:

• Process daily bank deposits and post cash receipts.
• Research and clear old, unapplied, or on-account cash.
• Apply credit memos and process adjustments (debit/credit memos).
• Monitor and resolve rejected items from automated systems.
• Support month-end close activities by clearing AR balances.
• Assist with audit requests by providing documentation. 

Essential Skills:

• 4+ Years experience in AR Cash apps in a Shared service Organization
• Accuracy & Attention to Detail.
• Problem-Solving & Analytical Skills.
• Proficiency with ERP/AR Software.
• Time Management & Prioritization.