Finance Specialist – Cash Application

The Finance Specialist, Cash Application is a fulltime opportunity within the Enterprise Financial Services (EFS) team of Group Finance. The position is responsible for cash application activities for Accounts Receivable (AR) on behalf of Paint Stores Group (PSG), Performance Coatings Group (PCG), and Consumer Brands Group (CBG). The successful candidate will have direct contact with our internal and external customers; build relationships with the sales organization, and collaborate with finance colleagues of The Sherwin-Williams Company.
CORE RESPONSIBILITIES AND TASKS
CORE RESPONSIBILITY – Cash Application
Accurately resolve “exceptions” on customers payments in High Radius (HRC)
Optimize cash flow through timely and accurate cash application of customer payments
Ensure payment application accuracy by identifying and resolving discrepancies at the time of payment posting
Promote credibility by ensuring properly reflected customer statements through precise and consistent cash application practices
Post and apply payments from various sources including POS terminals, ACH, EFT, and Wire receipts
CORE RESPONSIBILITY – Reconciliation
Initiate professional contact with field personnel and customers as needed to obtain remittance advice
Partner with Accounting personnel to reconcile open payment reports
Assist in 3rd party audits related to internal customer payments
Reconcile bank statements against cash received in various ERP systems
Reconcile complex payment remits on major accounts
CORE RESPONSIBILITY – Process Improvement and Documentation
Assist the Cash App Manager in identifying needed process improvements in the appropriate ERP
Facilitate ease of research for Credit Management though succinct explanations on chargebacks and deductions
Maintain both physical and digital records to support corporate and 3rd party audits, including ARJV authorizations, bank reports and other records as directed by Cash Application Manager
Other tasks as assigned.
FORMAL EDUCATION:
Required:
High School Diploma
Preferred:
Bachelors Degree
KNOWLEDGE & EXPERIENCE:
Required:
Knowledge of finance and accounting in an AR setting
Aptitude in critical thinking and/or business problem-solving
Preferred:
Accounting experience
Business communications experience
SW store, branch, or facility experience
Customer service experience
SKILLS/TECHNICAL REQUIREMENTS:
Required:
Ability to independently solve practical problems while dealing with a variety of concrete variables
Ability to follow cash application instructions via written and oral communication
Organizational and time management skills to prioritize workload in order to meet deadlines
Basic Accounting
Advanced Math Skills
Advanced level MS Excel Skills
Preferred:
CPR and/or Oracle cash app training
Sherwin-Williams is proud to be an Affirmative Action, Equal Employment Opportunity, Inclusion and Diversity Supportive Employer. All qualified candidates will receive consideration for employment and will not be discriminated against based on race, color, religion, sex, sexual orientation, gender identify, national origin, protected veteran status, disability, age, pregnancy, genetic information, creed, marital status or any other consideration prohibited by law or by contract.
VEVRAA Federal Contractor requesting priority referral of protected veterans.