EXL—Executive

Job description

Description: Understand the complete cycle of Account Receivable and Cash Application Process. Collaborate with team to process and apply all cash received daily in the workflow by check, ACH/Wire and credit card. The Cash application executive will be performing the payment processing against specific criteria. - Works with collection, financial operations, and accounts receivables teams in researching unapplied/unidentified cash amounts so that unapplied cash can be kept to a minimum. - Prepares activity and status reports and reconciles unapplied cash as appropriate. - Contacts customers via emails and phone calls to inquire about incomplete information related to payments. - Managing logged and unapplied payments - Remittance management and bank statements review. - Utilizes current lockbox technology to print reports and view images related to cash applications - Ability to manage multiple tasks, excellent research and resolution skills - Client interaction on daily/weekly basis Weekly and monthly reporting of unapplied cash, duplicate payments, refunds etc.