Unapplied Cash Specialist

Job Title: Financial Analyst

Location: System Business Office

Department Name: Financial Services

Req #: 0000235031

Status: Salaried

Shift: Day

Pay Range: $68,725.00 - $97,075.00 per year

Pay Transparency:

The above reflects the anticipated annual salary range for this position if hired to work in New Jersey.

The compensation offered to the candidate selected for the position will depend on several factors, including the candidate's educational background, skills and professional experience.

Job Summary

The Unapplied Cash Specialist is responsible for researching, analyzing, and resolving unapplied and unidentified cash payments.

This role ensures accurate application of customer payments, maintains clean accounts receivable balances, and supports timely financial reporting.

The specialist works closely with internal teams and external customers to resolve payment discrepancies efficiently.

Key Responsibilities

• Research and resolve unapplied, unidentified, and misapplied cash payments
• Apply customer payments accurately to open invoices in the accounting system
• Investigate payment discrepancies including short pays, overpayments, and deductions
• Communicate with customers regarding payment details and discrepancies
• Collaborate with Accounts Receivable, Billing, and Collections teams
• Maintain documentation of research and resolution activities
• Ensure unapplied cash balances are resolved within established timelines
• Assist with month-end close and account reconciliations
• Follow internal controls and accounting policies
• Identify process improvement opportunities

Qualifications

• Associate s or Bachelor s degree in Accounting, Finance, or related field (preferred)
• 2+ years of experience in accounts receivable or cash application
• Strong analytical and problem-solving skills
• High attention to detail and accuracy
• Strong written and verbal communication skills

Technical Skills

• Experience with ERP systems (SAP, Oracle, NetSuite, or similar)
• Proficiency in Microsoft Excel (Pivot Tables, VLOOKUP)
• Familiarity with ACH, wire, lockbox, and remittance processing

Work Environment

• Office or hybrid work environment in a fast-paced finance department

Benefits and Perks:

At RWJBarnabas Health, our employees are at the heart of everything we do. Driven by our Total Wellbeing promise, our market-competitive offerings include comprehensive benefits and resources to support our employees' physical, emotional, financial, personal, career, and community wellbeing. These benefits and resources include, but are not limited to:

Paid Time Off including Vacation, Holidays, and Sick Time
Retirement Plans
Medical and Prescription Drug Insurance
Dental and Vision Insurance
Disability and Life Insurance
Paid Parental Leave
Tuition Reimbursement
Student Loan Planning Support
Flexible Spending Accounts
Wellness Programs
Voluntary Benefits (e.g., Pet Insurance)
Community and Volunteer Opportunities
Discounts Through our Partners such as NJ Devils, NJ PAC, and Verizon
....and more!

Choosing RWJBarnabas Health!

RWJBarnabas Health is the premier health care destination providing patient-centered, high-quality academic medicine in a compassionate and equitable manner, while delivering a best-in-class work experience to every member of the team. We honor and appreciate the privilege of creating and sustaining healthier communities, one person and one community at a time. As the leading academic health system in New Jersey, we advance innovative strategies in high-quality patient care, education, and research to address both the clinical and social determinants of health.

RWJBarnabas Health aims to truly make a unique impact in local communities throughout New Jersey. From vastly improving the health of local residents to creating educational and career opportunities, this combination greatly benefits the state. We understand the growing and evolving needs of residents in New Jersey-whether that be enhancing the coordination for treating complex health conditions or improving community health through local programs and education.

Equal Opportunity Employer
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