What you will do
As the Senior Cash Application Specialist you will expertly manage and reconcile customer payments, collaborate with internal teams to resolve discrepancies, and lead initiatives to streamline cash application processes while providing training and support to junior members. You'll also play a key role in audits, system upgrades, and reporting on key performance indicators.
Accurately apply payments received via lockbox, wire, ACH, and other sources to customer accounts in ERP systems.
Research and resolve unapplied cash and payment discrepancies in a timely manner.
Collaborate with internal teams (Billing, Collections, Credit, Sales Ops) to address remittance issues and customer inquiries.
Lead monthly reconciliation of customer accounts and AR clearing accounts.
Develop and maintain documentation for cash application procedures.
Provide training, guidance, and support to junior team members.
Identify opportunities to automate or streamline the cash application process.
Assist with audits and month-end close activities related to cash receipts.
Participate in system upgrades or integration projects involving AR processes.
Report on KPIs such as unapplied cash, aging items, and processing accuracy.
What you need
Required Qualifications:
Bachelor’s degree in Accounting, Finance, or related field (or equivalent experience).
2+ years of experience in cash application, accounts receivable, or related finance roles.
Experience with large ERP systems (SAP, Oracle, NetSuite, etc.) and banking portals.
Preferred Qualifications:
Prior experience in a high-volume, shared services or multi-entity environment.
Experience with lockbox, remittance OCR tools, or AI cash application solutions.
Familiarity with GAAP and SOX controls related to AR/cash.
$69,100 - $139,600 salary plus bonus eligible + benefits. Actual minimum and maximum may vary based on location. Individual pay is based on skills, experience, and other relevant factors.
Travel Percentage: 10%Stryker Corporation is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, or protected veteran status. Stryker is an EO employer – M/F/Veteran/Disability.Stryker Corporation will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.