Sr. Team Leader, Cash Application

Overview

This role oversees and guides the Cash Application team, ensuring payment application and related processes are handled efficiently, accurately, and in compliance with financial and operational requirements. The position involves managing the flow of cash into the organization and its subsidiaries, with a strong focus on compliance, financial risk mitigation, and process excellence.

Responsibilities

• Ensure accurate and timely application of customer payments to receivable accounts by providing advanced leadership and development to the team.
• Collaborate with Receivables, Customer Service, and other internal stakeholders to resolve issues related to customer postings and misapplied cash.
• Lead and oversee daily, monthly, quarterly, and annual close processes and reporting.
• Coordinate and interface with the organization’s bank and the Accounting team to support seamless integration with the General Ledger and daily cash/accounts receivable journal entries.
• Design, streamline, and execute processes and procedures that incorporate controls to mitigate financial risk while emphasizing transaction efficiency and accuracy.
• Identify and drive process improvement and automation opportunities in partnership with the relevant functions.
• Respond to requests for financial information from internal and external stakeholders, including internal and external auditors, with a high level of detail and accuracy.
• Oversee onboarding and integration of subsidiaries and new acquisitions to ensure smooth transitions and compliance with financial policies.
• Coordinate with Treasury and IT on lockbox activity, resolve incoming and outgoing file issues with various banks, and represent operations on bank or Treasury initiatives.
• Provide team leadership through team meetings and one-on-ones, goal setting, metrics delivery, and performance reviews.
• Coordinate work distribution, training schedules, PTO and holiday coverage calendars, and oversee process documentation.
• Mentor and develop team leaders to ensure consistent leadership across the department.
• Proactively identify and embrace opportunities to integrate AI and automation into operational processes to scale operations, reduce reliance on manual processes, and mitigate operational risk.

Requirements

• At least 1 year of proven senior leadership experience in finance-related fields.
• 7+ years of financial experience in Accounts Receivable, banking, Accounts Payable, or another applicable area.
• 1–3 years of experience managing high-level financial processes and teams.
• Must successfully pass a background investigation and drug screening.

Preferred Qualifications

• Extensive experience with Accounts Receivable reconciliations.
• Deep understanding of a wide range of cash management and Treasury products and technologies.
• Advanced knowledge of Accounts Receivable processes and systems in a high transaction volume environment.
• Proven ability to lead meetings effectively, manage multiple projects concurrently, and drive strategic initiatives.
• Strong attention to detail and organizational skills, including the ability to prioritize, delegate, and manage complex tasks.
• Exceptional ability to work with, motivate, and develop a team.
• Enthusiasm for automation, AI, and emerging technologies, with a desire to apply them to business processes.

Compensation & Benefits

• Pay Range: $70,800.00 - $84,000.00
• The base pay range reflects the anticipated low and high end for this position; actual pay varies based on qualifications, skills, competencies, and role proficiency.
• Benefits may include health, dental, and vision insurance; retirement savings plan; paid time off; health savings account; flexible spending accounts; life insurance; disability insurance; tuition reimbursement; and more.
• Non-sales roles are typically eligible for a quarterly or annual bonus based on their role and applicable plan.

Location

Not specified in the provided job description.