Cash Processor

The Cash Processor is responsible for posting and balancing diverse payment streams – including ACH, wires, and lockbox feeds.

About Magnera

• Magnera's purpose is to better the world with new possibilities made real.
• For more than 160 years, the originating companies have delivered the material solutions their partners need to thrive.
• Through economic upheaval, global pandemics and changing end-user needs, they have consistently found ways to solve problems and exceed expectations.
• By bringing together these legacy companies, the distinct scale and comprehensive portfolio of products will bring customers more materials and choices.
• With a combined legacy of resilience, Magnera will build personal partnerships that withstand an ever-changing world.

Responsibilities

• In this role, you will work closely with the accounting and finance departments to reconcile accounts, investigate discrepancies, and maintain strict adherence to internal financial controls and corporate governance standards.
• Manage the daily cash application process to ensure prompt and precise posting of customer payments received via ACH, wire transfers, and lockbox feeds.
• Reconcile daily cash logs, lockbox files, and merchant settlement reports against customer account balances.
• Identify, research, and resolve payment discrepancies, shortfalls, unapplied cash, and invoice deductions in collaboration with internal stakeholders and customers.
• Maintain organized electronic audit trails for all processed transactions, supporting periodic internal and external audits.
• Collaborate with the treasury and credit management teams to streamline cash processing workflows, and implement automated posting tools.
• Follow all company safety, environmental and regulatory requirements.
• Perform other tasks as assigned.

Requirements

• Minimum 1-3 years of experience in cash applications, accounts receivable or related field preferred.
• Exceptional attention to detail, strong numerical aptitude and proven problem-solving abilities.
• Excellent written and verbal communication skills.
• Ability to manage multiple priorities in a fast-paced environment.
• Proficiency in Microsoft Excel, Word, and PowerPoint.

Preferred

• Experience with ERP systems and customer portals preferred.