JobsRUs.com is seeking to hire a Remote Cash Application Coordinator for our client!
Benefits Available!
Weekly Pay!
Fully Remote Position!
6 Month Contract
Pay Rate - $25/hr
Day Shift: Monday-Friday
Job Description
Responsible for all cash application functions within the finance department and will support general areas of operations as well ads provide administrative and organizational support. The ideal candidate is detailed-oriented, organized, and comfortable working with financial data. This person should be able to accurately apply payments, work within cash or accounting systems, and manager repetitive tasks with a high level of accuracy. The candidate should also be dependable and able to work efficiently in Excel and internal financial systems.
Duties and Responsibilities
- Application of receivables to Cash Receipts Log, Clinical Conductor (CCE) and FSM for all lines of business
- Transactional line-item cash posting into proprietary systems based on remittance detail provided by pharmaceutical companies
- Ensure accuracy of cash postings by communicating with sponsors payers (pharmaceutical companies) to verify payment remittance detail
- Review, interpret and discuss remittances from payers for data accuracy
- Assist operations with financial information requests and questions regarding cash posting
- Files correspondence from sponsors, checks, and other documents as necessary
- Maintains files in an organized and accessible manner to include updating information, purging files on a regular basis and creating new filing systems as needed
- Ensure that all processing and reporting deadlines are consistently achieved
- Respond to requests for information from Corporate, Internal Audit and other internal management
- Maintain strictest confidentiality to ensure that privileged and / or proprietary information is adequately safeguarded against disclosure
- Perform other related duties as assigned by management
Competencies: The baseline knowledge, skills, and abilities that are needed to be successful in the position.
Knowledge: A body of information needed to perform tasks; May be obtained through education, training or experience.
- Basic financial operations knowledge including General Ledger
- Intermediate to advanced knowledge of Microsoft Excel
- Basic understanding of cash system functionalities
Skills: The proficiency to perform a certain task.
- Skilled with PC-based spreadsheet and word processing programs
- Effective organizational skills
Abilities: An underlying, enduring trait useful for performing duties.
- Ability to perform mathematical computations accurately
- Ability to communicate effectively, both verbal and written
- Ability to work well with others
- Ability to organize work independently and consistently achieve reporting deadlines
- Ability to interact with other individuals at all levels of management
- Takes ownership of assigned responsibilities and follows through on outstanding issues for resolution
- Above average attention to detail to eliminate posting errors
Minimum Education Required:
High School Graduate
Preferred Education:
Associate’s Degree Doctor of Pharmacy (PharmD)
Minimum Relevant Experience Required:
Less than 1 year
Preferred Relevant Experience:
Two years of cash application experience; preferably in a clinical trial research or healthcare-related environment
Core Functional Skills
Unapplied cash resolution
Ability to research and clear unapplied cash across multiple studies and accounts
Experience interpreting remittances and identifying correct application of funds
Reconciliation expertise
Strong ability to reconcile payments to remittance detail, bank activity, and system balances
Comfort working through discrepancies and incomplete data
Execution and Work Style
Time management and productivity - able to manage a large queue of unapplied cash and meet output expectations
Analytical and Problem Solving
Investigate mindset - ability to independently research payment and discrepancies and determine next steps
Critical thinking - makes sound decisions when remittance detail is unclear or incomplete
Root cause analysis - identifies patterns behind unapplied cash
Collaboration and communication - cross-functional partnership, works effectively with internal teams (sites, collections, invoicing, cash) to resolve payment issues
External communication - comfortable reaching out to sponsors/pharma companies to validate remittance details and resolve discrepancies
Clear communication - able to explain findings, document outcomes, and drive resolution
Technical Skills
Intermediate to advanced knowledge of Microsoft Excel - sorting, filtering, reconciling data sets, and basic formulas
Basic understanding of cash application systems or accounting systems functionality
Data accuracy - high attention to detail when working with transactional, high-volume data
Core Skills
Strong attention to details
Accuracy in data entry and financial posting
Organization and time management
Ability to identify and resolve discrepancies
