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.

This position is not hybrid/remote and will be located at the Higbee Building in Cleveland, OH.

Because this role involves access to confidential financial information, the Company has determined that a review of criminal history is necessary to protect the business and its operations and reputation and to provide similar protections for its clients and potential investments.

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 system

• 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.

Position Requirements

Required:

• High School Diploma
• Knowledge of finance and accounting in an AR setting
• Must be legally authorized to work in the United States without sponsorship now or in the future for employment visa status
• Must be at least eighteen (18) years of age
• Advanced level MS Excel Skills
• Experience in Basic Accounting

Preferred:

• Bachelor's Degree
• Accounting experience
• Business communications experience
• SW store, branch, or facility experience
• Customer service experience
• CPR and/or Oracle cash app training