We are looking for a detail-oriented Cash Applications Specialist to join our team on a contract basis in Houston, Texas. This role involves addressing a significant backlog of unapplied cash, totaling approximately $9 million, and ensuring accurate and timely cash application processes. The ideal candidate will play a pivotal role in streamlining payment postings and supporting our accounting operations effectively.<br><br>Responsibilities:<br>• Process and apply daily customer payments, including ACH, wire transfers, lockbox deposits, checks, and credit card transactions, to the correct accounts and invoices.<br>• Address and resolve a substantial backlog of unapplied cash, ensuring accuracy and timeliness.<br>• Investigate and identify misapplied or unidentified payments using remittance advice, customer portals, and internal systems.<br>• Reconcile customer accounts and resolve discrepancies promptly to maintain accurate financial records.<br>• Collaborate with Accounts Receivable, Collections, Billing, and Customer Service teams to ensure smooth payment posting processes.<br>• Maintain thorough documentation of cash application activities to support audits and month-end financial close.<br>• Contribute to process improvement initiatives to enhance efficiency and minimize future backlog risks.<br>• Assist with the preparation and analysis of month-end Accounts Receivable reports as needed.