Sr. Team Leader, Cash Application

Overview

This role oversees and guides the Cash Application team, ensuring payment application processes are completed efficiently and accurately. The position requires strategic thinking, advanced problem-solving, and a higher level of leadership to manage complex tasks and drive process improvements. Responsibilities include managing the flow of cash into the organization and its subsidiaries with a strong focus on compliance, financial risk mitigation, and operational excellence.

Responsibilities

• Oversee and 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 customer posting issues and misapplied cash promptly.
• Lead and manage daily, monthly, quarterly, and annual close processes and reporting with increased oversight.
• Coordinate and interface with the organization’s bank and Accounting team to ensure seamless integration with the General Ledger and daily cash/accounts receivable journal entries.
• Design, streamline, and execute processes and procedures incorporating controls to mitigate financial risk while emphasizing efficiency and accuracy.
• Identify and drive process improvement and automation opportunities, partnering with relevant functions to implement suggested changes.
• Respond to requests for financial information from internal and external stakeholders, including internal and external auditors, with increased detail and accuracy.
• Oversee onboarding and integration of subsidiaries and new acquisitions to ensure smooth transitions and compliance with financial policies.
• Partner with Treasury and IT to coordinate lockbox activity, resolve file issues with various banks (both incoming and outgoing), and represent Operations on bank or Treasury initiatives.
• Provide leadership to the team, including holding team meetings and one-on-ones, setting goals, delivering metrics, and conducting performance reviews.
• Coordinate work distributions, training schedules, PTO and holiday coverage calendars, and oversee process documentation.
• Mentor and develop team leaders by providing guidance and support to ensure consistent leadership across the department.
• Proactively identify and adopt opportunities to integrate AI and automation technologies into operational processes to drive scale, reduce reliance on manual work, and mitigate operational risks.

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 by leveraging individual talents and fostering a collaborative environment.
• Enthusiasm for automation, AI, and emerging technologies, with interest in applying them to business processes.

Compensation & Benefits

• Pay Range: $70,800.00 - $84,000.00
• Base pay range represents the anticipated low and high end of the pay range for this position. Actual pay rates vary based on qualifications, skills, competencies, and proficiency for the role.
• Base pay is one component of total compensation. Most sales positions may be eligible for commission under an applicable plan.
• Non-sales roles are typically eligible for a quarterly or annual bonus based on their role and applicable plan.
• Benefits may include health, dental and vision insurances, retirement savings plan, paid time off, health savings account, flexible spending accounts, life insurance, disability insurance, tuition reimbursement, and more.

Location

Not specified in the provided description.