Cash Applications Supervisor
CHS Inc. is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States that provides grain, food and energy resources to businesses and consumers around the world. We serve agriculture customers and consumers across the United States and around the world. Most of our 10,000 employees are in the United States, but today we have employees in 19 countries. At CHS, we are creating connections to empower agriculture.
Summary
CHS has an exciting opportunity in our Finance Shared Servicesgroup. We are looking for a Cash Application Supervisor to oversee day-to-day operations of the Cash Application team. You must have excellent communication skills, both verbal and written; be detail oriented, adaptive, be able to work independently and with a team in a fast paced and high-volume enviornment with an emphasis on accuracy and timeliness.
Responsibilities
- Provide mentoring and leadership to attract, develop and retain talent.
- Coach and build team, support professional development, review and assess performance and enable employees to maximize their performance.
- Identify resistance and performance gaps, and work to develop and implement corrective actions.
- Act as second level escalation point for any Cash Application issues reported by the lead/specialist.
- Monitor and pull bank account activity, along with daily activity reports.
- Ensure that receipts, discounts and adjustments are accurately posted to customer accounts in a timely manner to meet department goals on a daily and monthly basis.
- Identify missing remittances and takes the necessary steps to obtain the appropriate documentation required to post cash.
- Prepare daily/monthly reports for unapplied cash.
- Reconciliate Accounts Receivable GL account, on monthly basis.
- Create dispute, assign reason code and dispute processor.
- Monitor and create metrics and KPIs to ensure cash application is completed according to targets.
- Identify opportunities to use automation and data to improve business performance.
- Assist in the development and improvement of Cash Application processes to create a more streamlined approach.
- Collaborate with Finance Shared Services, Treasury, Credit COE and IT to ensure business needs are being met and cash is being applied as efficiently and accurately as possible.
- Instill a continuous process improvement mindset.
- Champion and promote a strong safety culture and follow all safety policies, procedures and regulations. Identify and communicate workplace hazards and correct or seek assistance in correcting unsafe actions or conditions.
Minimum Qualifications (required)
- Bachelor’s degree in Accounting, Finance or related Business field (Additional years of relevant work experience may offset degree requirement).
- 5-7+ years of experience in cash application, accounts receivable, accounts payable or equivalent business experience.
- 1+ years of direct experience leading and managing a team of direct reports.
Additional Qualifications
- SAP, JDE or other ERP systems experience.
- Proficient in Microsoft Office (including Outlook, Excel)
- Industry experience in agriculture, energy, or related industry
CHS offers a competitive total compensation package. Benefits include Health, Dental, Vision, Hearing, Life Insurance, Health and Day Care Savings Accounts, Paid Vacation, 401K, Company Funded Pension, Profit Sharing, Long and Short Term Disability, Tuition reimbursement, and Adoption assistance.
CHS is an Equal Opportunity Employer.
Effective January 6, 2020, the U.S. Department of Transportation, Federal Motor Carrier Safety Administration (FMCSA) requires employers to conduct a pre-employment verification full query against the newly established License Drug and Alcohol Clearinghouse prior to beginning employment in a position that requires a valid commercial driver’s license (CDL). Candidates seeking employment in a position that requires a commercial motor vehicle license must voluntarily enter their information into the FMCSA and must provide disclosure authorization, at the time of offer, to CHS or an authorized third-party agent of CHS to verify the information.
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