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Cash Accounting Specialist

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Date: Mar 13, 2023

Location: Bonita Springs, Florida, United States

Company: Herc Rentals

 

Req #: 55644

Founded in 1965, Herc Rentals is one of the leading equipment rental suppliers in North America with trailing twelve month total revenues of nearly $2.7 billion as of September 30, 2022. Herc Rentals’ parent company, known as Herc Holdings Inc., listed on the New York Stock Exchange on July 1, 2016, under the symbol “HRI.” Herc Rentals serves customers through approximately 350 locations and has approximately 6,600 employees in North America.

 

We serve a diverse group of customers in a wide array of industries. We support professional con-tractors in construction and remediation. Our industrial customers include large industrial plants, refineries and petrochemical operations, automotive and aerospace manufacturers. We support government and infrastructure projects at the municipal, state and federal level. And, we continue to expand our services for customers in commercial and retail, healthcare, hospitality, recreation, and entertainment and special events.

Short Description

The primary mission of the Cash Accounting Specialist is to ensure timely and accurate reporting, bank reconciliations, GL posting, and cash applications. This role supports the team’s effort to maximize cash flow and provide reporting to Leadership and to the Cash Application team. This position reports directly to the Senior Team Lead, Cash Applications with delegated duties such as training and mentoring teams to meet and exceed departmental objectives and goals, approving adjustments, KPI reporting, and other duties as assigned by Leadership. Solid Cash Accounting and Application experience is required.

Responsibilities

  •  Proactive Role with Billtrust to continue to improve match rate with Billtrust implementation to facilitate automatic cash application.
  • Act as a Point of Contact for Cash Apps team questions relating to BT and Other Cash App functions.
  • Oversee and establish guidelines to reduce the Unidentified Payments and resolve old UID balances. 
  • Manage the AR Escheatment Process
  • Prepare and maintain Daily and Month End Bank reconciliations. Work closely with Accounting and Internal Audit to maintain a communication channel between the departments.
  • Utilize appropriate judgment when processing unapplied payments and customer refunds, and payment reversals.
  • Create and Maintain SOPs
  • Work closely with Sr. Team Lead and Manager to maintain records for Returned Checks, Electronic Payment returns and Credit Card Chargebacks.
  • Maintain relationships with internal customers to drive efficiencies in processes.
  • Lead projects and process improvements for Cash Application and Cross Train team to ensure coverage for all tasks.
  • Support systems testing and UAT when needed
  • Become a subject matter expert and support the analytical needs of the Cash Applications Department
  • Takes on additional tasks/responsibilities as needed
  • Acts as back up to the Sr. Team Lead when needed
  • Can see complex issues through completion
  • May require additional hours outside of the 8-5 PM work week

Requirements

    Professional Experience

    3-5 Years Cash Accounting and Cash Applications Experience

    Educational Background

    Bachelor’s Degree in Accounting or Finance

    Conditions of Employment

    Skills

    • Self-starter, Goals-oriented individual able to multi-task
    • Accounting Experience
    • Cash Applications Knowledge
    • Advanced Microsoft Excel and Word
    • Excellent Verbal and Written Communication
    • Leadership Ability
    • Strong Organizational and Time Management Skills
    • Value-Added Business Contributor

    Herc Rentals values its employees and provides excellent compensation and benefits packages which are not limited to the following.

     

    Keeping you healthy

    Medical, Dental, and Vision Coverage

    Life and disability insurance

    Flex spending and health savings accounts

    Virtual Health Visits

    24 Hour Nurse Line

    Healthy Pregnancy Program

    Tobacco Cessation Program

    Weight Loss Program

     

     

    Building Your Financial Future

    401(k) plan with company match

    Employee Stock Purchase Program

     

     

    Life & Work Harmony

    Paid Time Off (Holidays, Vacations, Sick Days)

    Paid parental leave.

    Military leave & support for those in the National Guard and Reserves

    Employee Assistance Program (EAP)

    Adoption Assistance Reimbursement Program

    Tuition Reimbursement Program

    Mechanic Tool reimbursement of up to $300 per year

    Auto & Home Insurance Discounts

     

    Protecting You & Your Family

    Company Paid Life Insurance

    Supplemental Life Insurance

    Accidental Death & Dismemberment Insurance

    Company Paid Disability Insurance

    Supplemental Disability Insurance

    Group Legal Plan

    Critical Illness Insurance

    Accident Insurance

     

    Herc does not discriminate in employment based on the basis of race, creed, color, religion, sex, age, disability, national origin, marital status, sexual orientation, citizenship status, political affiliation, parental status, military service, or other non-merit factors.


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