Job Description
The Payment Application Manager is responsible for overseeing the accurate and timely application of client payments. This role is essential to maintaining the integrity of our financial records and ensuring smooth reconciliation of accounts.
ESSENTIAL FUNCTIONS:
Lead the Payment Application team, ensuring daily operations are executed efficiently and accurately.Monitor daily cash posting, customer refunds, write-off processing and transfer requests.Oversee the posting of incoming payments (checks, wires, ACH, credit card transactions) to client accounts.Ensure proper allocation of payments to invoices, resolving discrepancies and unapplied cash.Collaborate with the Collections team to address payment issues and support resolution of outstanding balances.Maintain and improve internal controls and procedures related to payment application.Monitor and report on unapplied cash, payment tr...