Red Bull · 1 week ago
Cash Applications Analyst
Denver, CO, USA
Full-time
Onsite
Mid Level
$52K/yr - $78K/yr
3+ years expRed Bull Distribution Company is seeking a Cash Applications Analyst responsible for ensuring the prompt and precise application of customer payments to accounts receivable. This role involves processing high-volume customer payments, investigating discrepancies, and contributing to process improvements.
Food and BeverageWholesale
Responsibilities
Accurately process high-volume customer payments (ACH, wire transfers, lockbox payments, credit card transactions, and EFT) to ensure they are posted to the correct accounts and invoices on a daily basis
Review remittance documentation and reconcile payments with open receivables to ensure proper allocation
Investigate and resolve unidentified payments, partial payments, and short payments by coordinating with customers, collectors, and internal teams
Uphold exceptional accuracy standards when applying cash to minimize unapplied or misapplied balances
Promptly monitor, clear, and reconcile unapplied cash, on-account payments, and suspense accounts
Manage and process all returned checks and ACH items from banks, ensuring precise updates and applications to customer accounts
Contribute to process improvements and automation initiatives while collaborating with stakeholders, offering subject matter expertise, and serving as a trusted business advisor
Provide support to management through reporting and valuable insights derived from the cash application process
Forward any uncertainties, discrepancies, or process-related inquiries to the Cash Application Supervisor for guidance and assistance
Collaborate with team members to seek support and ensure the timely and accurate completion of tasks
When necessary, serve as a liaison between the cash team and the process excellence team, IT department, and system vendors
Qualification
Required
3+ years of experience with SAP, specializing in the Cash Application and Accounts Receivable modules, including tasks such as research, reconciliation workflows, and analyzing cross-module impacts
Advanced, hands-on experience with HighRadius, including automated cash application, remittance capture, exception management, and driving system optimization opportunities
3-5 years of progressive experience in Cash Application, Accounts Receivable, or related accounting functions, ideally within Consumer Packaged Goods or high-volume transactional environments
Proven expertise in managing large, complex cash volumes across multiple payment channels, including ACH, wire transfers, lockbox, EFT, credit card transactions, and treasury platforms
Demonstrated ability to resolve high-impact issues, such as unapplied/misapplied cash, unknown payments, returned checks, and failed transactions, with an emphasis on root cause analysis and prevention
Strong background in customer account reconciliation, resolving payment discrepancies, and collaborating with Collections, Billing, and Customer Service teams to ensure the accuracy and cleanliness of cash flow
Experience leading or co-leading continuous improvement initiatives, including the adoption of automation, workflow redesign, and the enhancement of financial controls and master data quality
Proficient in developing and monitoring cash performance metrics, dashboards, and analytical reports to drive operational improvements and support informed decision-making
Strong proficiency in Excel and comfort with financial and operational data analysis, with an emphasis on data visualization and generating actionable insights
Skilled at influencing cross-functional stakeholders and contributing to the creation of efficient, scalable cash application operations
Benefits
Comprehensive Medical, Dental and Vision Plans
401k Match
Family Leave
PTO & Paid Holiday Schedule
Pet, Legal, and Life Insurance
Tuition Reimbursement
Company
Red Bull
Red Bull is a beverage company that offers energy drinks.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Jennifer Tetrick
Senior Communications Manager
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