Receivables Processor

DuPont is committed to fostering a culture of excellence and innovation.

We are seeking a skilled Cash Application Specialist to join our team and contribute to our mission of driving progress and improving lives.

Key Responsibilities:

1. Accurate Payment Allocation: Apply incoming payments to customer accounts based on remittance information.
2. Cash Receipt Verification: Verify and allocate cash receipts, credit card payments, and electronic transfers in a timely manner.
3. Unapplied Cash Resolution: Monitor and process unapplied cash transactions and work with the credit team to resolve discrepancies.
4. Bank Reconciliation: Reconcile cash applications to bank statements and resolve any discrepancies.
5. Closing Process Assistance: Assist in the month-end and year-end closing process by providing accurate and timely cash application data.
6. Follow-up and Communication: Review unapplied cash and follow up with internal departments for resolution. Communicate with the credit team regarding payment issues, discrepancies, or missing remittances.
7. Dispute Resolution: Collaborate with the dispute team to resolve short payments or overpayments, ensuring proper adjustments are made.
8. Accounting Requests: Respond to and process accounting-related requests from internal teams or external customers.
9. Reporting and Analysis: Prepare and provide reports on payment applications, aged receivables, and cash flow as needed.
10. Financial Data Tracking: Assist in the preparation of financial reports, including the tracking of cash receipts and accounts.
11. Bad Debts and Adjustments: Process bad debts, write-offs, and other adjustments as per company policies.
12. Record Maintenance: Maintain accurate records of all payment applications and account reconciliations.
13. Cash Application Reporting: Prepare weekly/monthly cash application reports for management review.
14. Process Documentation: Assist in the documentation of processes and procedures for cash application activities.
15. Process Improvement: Identify and recommend process improvements to streamline cash application and reconciliation processes.
16. Technology Updates: Stay updated with accounting systems and technologies, ensuring efficient and accurate cash application procedures.