Senior Cash Application Specialist POST NUMBER: 482550

About the Company
Our client is a large waste management company. They are looking for a Senior Cash Application Specialist to join their team!

Why Work Here

• Competitive Salary
• Vacation: 3 Weeks
• RSP: Yes, up to 5% match after 1 year of employment
• Benefits: yes after 3 months

• Serve as the primary subject matter expert for cash application processes and related financial systems.
• Provide training, coaching, and onboarding support to team members as required.
• Review cash application activities for accuracy and completeness, identifying opportunities for training and process improvement.
• Assist with the resolution of complex payment issues, including unidentified, misapplied, disputed, or high-value customer payments.
• Recommend and support enhancements to cash application processes, controls, and operational efficiencies.
• Assist with the development and maintenance of procedures, process documentation, and training materials.
• Support testing, implementation, and continuous improvement initiatives related to banking, accounts receivable, and enterprise financial systems.
• Coordinate daily cash application activities, helping prioritize workloads and supporting team members as needed.
• Participate in month-end and year-end close activities, including account reconciliations and audit support.
• Process and apply customer payments received through various channels, including checks, electronic funds transfers, wire payments, credit cards, lockbox services, and automated debit arrangements.
• Process bank files and automated payment transactions, generate reports, and investigate exceptions.
• Reconcile daily cash receipts and resolve discrepancies between banking records and internal systems.
• Maintain accurate documentation of cash applications, adjustments, reconciliations, and related reporting metrics.
• Participate in special projects and perform additional duties as assigned.

• Minimum 5 years of experience in accounts receivable, cash application, banking operations, or a related finance function.
• Post-secondary education in Accounting, Finance, Business Administration, or a related discipline preferred.
• Experience training, mentoring, or supporting the development of team members.
• Proven ability to investigate and resolve complex payment exceptions, reconciliation issues, and unidentified cash receipts.
• Experience with ERP and financial management systems preferred.
• Strong understanding of cash application practices, banking transactions, lockbox operations, electronic payments, wire transfers, credit card processing, and automated debit programs.
• Advanced Microsoft Excel skills, including data analysis and account reconciliation.
• Strong analytical, organizational, and problem-solving abilities with exceptional attention to detail.
• Excellent communication and interpersonal skills.
• Ability to adapt and thrive in a fast-paced, evolving business environment.

Salary Range
$60,000 - $70,000 / year

How to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats. 
When referencing this job, quote #482550

This position for employment is for a current vacancy with Vaco/Highspring’s client. You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.

Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan. Additional disclaimer: Unless otherwise noted in the job description, the position Vaco/Highspring is filing for is occupied. Please note, however, that Vaco/Highspring is regularly asked to provide talent to other organizations. By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions. Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase within Vaco/Highspring will be otherwise assessed by recruiters and hiring managers. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products.