Cash Applications/Accounts Receivable Specialist

Ruesch International, Inc. is a wholly owned subsidiary of Travelex, the world’s leading foreign exchange and international business payments and receipts specialist. Through its subsidiaries and branches, Travelex operates in the Americas, Asia, Europe, Australia, the Middle East and Africa and the United Kingdom.

Ruesch strives to make global payments and receipts easy for businesses of any size worldwide. It offers business-to-business payment and receipt solutions through an intuitive online platform that integrates directly with clients’ systems and helps clients manage their currency exposure. The company currently services over 35,000 clients in 35 countries and processes more than $37 billion payments annually to more than 1 million beneficiaries. We are headquartered in Washington, DC and have more than 30 years of experience in the payment processing industry.

Ruesch International is recruiting for a Cash Applications/Accounts Receivable Specialist to join its Accounts Receivable team within the Operations Group.  The position is located at our North American Headquarters in Washington, DC. If you are interested in continuing your career in a fast paced, entrepreneurial environment, Ruesch is the place for you.

Responsibilities

Performs daily application of cash to client accounts and write offs of diminumis account balances.   Processes cash receipt postings from a variety of sources (checks, wires, etc.) and reconciles amounts to ensure accuracy and risk management.  Monitors credit balances and resolves client account and payment problems.  Uses a variety of systems, including an Accounts Receivable payment posting system, specific multi-bank on-line cash management systems, and internal order entry systems to download payment information and post payments to specific client accounts and investigate queries.  Researches and tracks unidentified activity posted to suspense accounts.

1. Verifies and posts accounts receivable payments and adjustments to accounts
2. Closely monitors payment (payor) information on incoming wires and checks, in order to ensure that Ruesch complies with its internal policy which prohibits third party payments
3. Follows all established procedures to ensure postings are completed accurately, and within established timeframes as per internal and external Service Level Agreements
4. Responds to queries from internal Sales and Client Service Groups on the status of payments
5. Conducts research on cash receipts entries and corresponding book entries if there is an issue on a client’s account which must be reconciled, explained, and adjusted
6. Reviews credit balances and issues recommendations for refunds and periodic write offs as necessary
7. Performs a daily reconciliation of all applied payments from an A/R report, against the source documents (such as check deposit reports, confirmed direct debit files, electronic fund transfer receipt files, and foreign check conversion deposit slips)
8. Perform daily application of cash and credits to client accounts in order to facilitate disbursements to client beneficiaries timely
9. Prepare daily update of Client Credit and Unclaimed Client Credit Reports to regional offices for unapplied cash.  Follow up daily to determine resolution to enable cash application
10. Review status of items posted to suspense account daily
11. Establish strong working relationships with the various disciplines and regional offices
12. Other special projects, as assigned

Requirements

1. Four year college degree preferred but not required, with a major in finance, business or related field
2. Two years accounts receivable experience preferred
3. Knowledge of Epicor accounts receivable system a plus
4. Proficient with Microsoft Office (Word and Excel) and other business software applications
5. Experience working with International subsidiaries and foreign currency, a plus
6. Strong organizational skills; effective in prioritizing work and following through on commitments
7. Ability to work and participate in a team oriented environment
8. Strong customer service attitude
9. Flexible and adaptable to a dynamic and changing environment
10. Strong analytical skills with effective problem solving abilities; attention to detail
11. High degree of initiative; highly motivated self starter
12. Strong interpersonal and oral/written communication skills
13. High degree of initiative; highly motivated self starter

Apply Online

EOE. No sponsorship, relocation, or third-party providers please.