Analyst, Cash Application

Who We Are
Magnit is the future of work. Serving hundreds of the worlds most recognizable brands for the past 30+ years, Magnit offers the industrys first holistic platform for the modern workforce. Magnits integrated workforce management (IWM) platform supported by data, software, intelligence, and best-in-class services team is key to our clients success. It can adapt quickly to regional or industry economic shifts, and provides the speed, scale, flexibility, transparency, and expertise required to meet an organizations contingent workforce management, talent strategy and broader organization goals. At Magnit, youll work with passionate colleagues who collaborate and deliver meaningful results that positively transform the largest companies around the globe.
About The Role
We are seeking a detail-oriented and proactive Cash Application Analyst to join our finance team. The ideal candidate will have at least 4+ years of experience in cash application or similar financial roles, along with excellent communication skills and a strong understanding of accounting principles. The Cash Application Analyst will be responsible for ensuring accurate and timely posting of cash receipts, resolving discrepancies, and maintaining records of transactions. This role requires a high level of accuracy, the ability to analyze data, and effective communication with both internal and external stakeholders.
Key Responsibilities:

• Knowledge and experience of Cash Applications is essential
• Expertise in applying in cash receipts to customer accounts
• Knowledge of reconciling bank statements and cash receipts
• Active management of aged debts, unallocated cash, internal and external queries
• Monthly Bank reconciliation highlighting and recording transaction movement and raising with finance to ensure process is consistent
• Process daily cash analysis report

• Timely and accurate processing of cashes, Reversals and Payables
• Monitor, analyses and report on trends in the key underwriting performance drivers
• Ensuring clarity around priorities and goals for the entire functional area
• Work on any adhoc requests/reports, etc as per the requirement
  

Skills and Qualifications:

• Minimum 4+ years of experience in cash application or related financial roles
• Bachelors degree in accounting, Finance, Business Administration, or related field preferred
• Excellent communication skills, both verbal and written
• Detail-oriented with a commitment to accuracy and meeting deadlines
• Ability to work independently and collaboratively in a team environment
• Prior experience in Accounts Receivable or general accounting principles is a plus

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• Problem-solving skills and the ability to prioritize tasks effectively
  

What Magnit Will Offer You
At Magnit, youll be joining an innovative, high-growth environment and can quickly make an impact to help transform the largest companies in the world. You will work with passionate colleagues who collaborate and deliver. Magnit offers all employees the opportunity for growth and development, and we want individuals to fulfill their potential and blaze their own trails!
Magnit will offer you a competitive PTO and benefits package, including medical, dental, and vision coverage, retirement planning, as well as discounts and perks for tickets, travel, merchandise and more! Magnit encourages employees to participate in giving back, and we will match employee contributions to favorite charities and support corporate volunteering hours to make a difference in your community!
If this role isnt for you
Stay in touch, we will let you know when we have new positions on the team.

To see a complete list of our open career opportunities please visit.

https://magnitglobal.com/us/en/company/careers.html
To do our best work we need different viewpoints. Therefore, we celebrate diversity and embrace inclusion.
As an equal opportunity employer, we are dedicated to building a team that represents a variety of backgrounds, perspectives, and skills. We strive to ensure that we maintain a positive and enriching work environment for all.
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