Cash Application Analyst

Analyst About Maersk: Maersk is a global leader in integrated logistics with a rich history of over a century, dedicated to setting new standards in efficiency, sustainability, and excellence. With a presence in 130 countries and a diverse workforce of over 100,000 employees, we shape the future of global trade and logistics through innovation and collaboration. Key Responsibilities: Cash Application: NIGHT SHIFT (EST) Accurately apply payments received via various methods (ACH, wire transfers, checks, etc.) to customer accounts. Investigate and resolve discrepancies, unidentified payments, and unallocated cash. Reconciliation: Perform daily reconciliation of bank statements with accounting systems. Ensure the accuracy of customer balances by reconciling unapplied payments. Issue Resolution: Liaise with internal teams (Collections, Accounts Receivable, and Customer Service) to resolve payment issues. Coordinate with customers for remittance details to clarify discrepancies. Reporting: Prepare and maintain daily, weekly, and monthly reports on cash application activities. Analyze trends in unapplied cash and provide actionable insights to minimize occurrences. Process Improvement: Identify opportunities to streamline cash application processes. Collaborate with automation teams to implement tools or technology for efficiency improvements. Compliance and Controls: Ensure adherence to internal controls and audit requirements related to cash application. Maintain documentation for audit trails and comply with company policies. Qualifications and Skills: Education: Bachelor’s degree in Finance, Accounting, Business Administration, or related field. Experience: 1-3 years in Accounts Receivable, Cash Application, or similar roles. Technical Skills: Proficiency in ERP systems (SAP, Oracle, etc.) and advanced MS Excel skills. Analytical Skills: Strong problem-solving ability with attention to detail. Communication: Excellent verbal and written communication skills for customer and internal interactions. Team Player: Ability to collaborate effectively with cross-functional teams. Preferred Qualifications: Knowledge of banking systems and reconciliation processes. Familiarity with automation tools like RPA (Robotic Process Automation). Experience in managing multi-currency transactions. This role offers an excellent opportunity to enhance your analytical and financial skills while contributing to the organization’s financial accuracy and customer satisfaction What We Offer: Impact: Your work directly contributes to the success of our global operations. Opportunity: Ample opportunities for professional and personal growth. Innovation: Join a forward-thinking team embracing cutting-edge technologies. Global Exposure: Collaborate with diverse colleagues in an international business environment. Work-Life Balance: We value work-life balance and offer flexible working arrangements. Join Maersk: Embark on a rewarding career journey with Maersk, where you'll contribute to redefining global logistics and trade while advancing your career in a dynamic and inclusive workplace. Maersk is committed to a diverse and inclusive workplace, and we embrace different styles of thinking. Maersk is an equal opportunities employer and welcomes applicants without regard to race, colour, gender, sex, age, religion, creed, national origin, ancestry, citizenship, marital status, sexual orientation, physical or mental disability, medical condition, pregnancy or parental leave, veteran status, gender identity, genetic information, or any other characteristic protected by applicable law. We will consider qualified applicants with criminal histories in a manner consistent with all legal requirements. We are happy to support your need for any adjustments during the application and hiring process. If you need special assistance or an accommodation to use our website, apply for a position, or to perform a job, please contact us by emailing accommodationrequests@maersk.com . Experience Level Entry Level