We have partnered with our client in their search for a Cash Application Manager for a 3-6 month engagement. This role is based in Bolingbrook with an onsite requirement Tuesday through Thursday.
Responsibilities
- Lead, coach, and develop a cash application team to ensure timely and accurate posting of customer payments, including ACH, wire, credit card, and lockbox transactions, while minimizing unapplied cash.
- Oversee reconciliation of cash postings to bank deposits, resolution of payment discrepancies (short pays, chargebacks, missing remittance), and execution of related AR and GL adjustments with proper controls and approvals.
- Partner cross-functionally with Treasury, Collections, Customer Service, and Finance to support month-end close, reporting, issue resolution, and continuous improvement initiatives including automation and process optimization.
Skills Required
- Proven leadership experience managing cash application, accounts receivable, or similar finance operations teams in a high-volume environment.
- Strong understanding of ERP systems, cash application workflows, reconciliations, and order-to-cash processes.
- Excellent communication, problem-solving, and cross-functional collaboration skills with a strong focus on accuracy, controls, and continuous improvement.
Education & Work Experience
- Bachelor's degree in Business, Accounting, Finance, or related field, or equivalent relevant work experience in lieu of a degree.
- 2+ years of supervisory experience or 1+ year of management experience in Cash Application, Accounts Receivable, Billing, Collections, or related finance operations.
- Experience working in high-volume environments with exposure to ERP systems, cash posting processes, reconciliations, and cross-functional finance operations.
Manager, Cash Application
Bolingbrook, IL
Retail
$45-65/hr
Ref ID 1687255
About Korn Ferry
Korn Ferry unleashes potential in people, teams, and organizations. We work with our clients to design optimal organization structures, roles, and responsibilities. We help them hire the right people and advise them on how to reward and motivate their workforce while developing professionals as they navigate and advance their careers. To learn more, please visit Korn Ferry at www.Kornferry.com
