Cash Application Specialist at MRI Software

Cape Town, Western Cape, South Africa

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Software, Real EstateIndustries

Requirements

Mastery of Microsoft Excel; functions, formulas, tables and graphs
Consistently at work and on time, follows instructions, responds to management direction and solicits feedback to improve performance
Exemplary communication skills and ability to work well individually or as a member of a team
Attention to detail and ability to plan, organize, prioritize and multi-task
Creativity to continue to elevate current standards and pride of ownership in duties
Strong initiative, problem analysis and problem-solving skills
Comfortable learning and utilizing multiple online resources
High School diploma required. Associates or higher level in accounting strongly preferred
Global cash application experience a plus, but not required
Detail-oriented with a focus on accuracy and efficiency

Responsibilities

Processing incoming payments: various Bank statements; Direct Debits and ACH (EFT’s); Lockbox, ACH, Credit Cards, and Wires utilizing reports from online portals
Research insufficient payment information
Process unapplied payments
Ensure that payments are applied as per remittance advice and in a timely manner not to affect client experience
Prepare month end journal entries related to cash and intercompany balances
Prepare reconciliations and review it with the relevant Accounting Assistant
Update cash receipts tracking files
Balance bank transactions to General Ledger frequently
Ensure credits received in all bank accounts (as assigned by management) are accounted for and allocated and returned payments have been processed in a timely manner
Prepare weekly/daily cash reports to support Accounts Receivable team and management responsibilities
Handle inquiries applicable to cash applications
Coordinate with Accounts Receivable team in resolving customer remit issues
Utilize ingenuity to innovate processes and procedures
Perform other duties and participate in other projects as assigned by management, including cross training within the department

Skills

Key technologies and capabilities for this role

Microsoft ExcelCash ApplicationBank ReconciliationsAccounts ReceivablePayment ProcessingACHEFTLockboxCredit CardsWiresJournal EntriesGeneral Ledger

Questions & Answers

Common questions about this position

What benefits does MRI Software offer?

The company offers incredible perks to make it the best job you've ever had, with staff created unique perks to enjoy.

What are the key skills required for the Cash Application Specialist role?

Required skills include mastery of Microsoft Excel (functions, formulas, tables, and graphs), exemplary communication skills, attention to detail, ability to multi-task, strong problem-solving skills, and comfort learning multiple online resources.

What is the salary for the Cash Application Specialist position?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What makes a strong candidate for this Cash Application Specialist role?

Strong candidates have a High School diploma (Associates or higher in accounting preferred), are detail-oriented with a focus on accuracy and efficiency, possess global cash application experience (a plus), and demonstrate mastery of Excel, communication skills, attention to detail, and problem-solving abilities.

MRI Software

Real estate software for property management

About MRI Software

MRI Software provides software solutions designed for the real estate industry, focusing on property management, lease management, and digital services. Their products help real estate owners, operators, and occupiers manage various aspects of their operations, including tenant communications and financial reporting. The software integrates easily with existing systems, making it user-friendly for clients. Unlike many competitors, MRI Software operates on a subscription-based model, which allows for a consistent revenue stream and ongoing improvements to their offerings. The company also has a partner ecosystem that enables clients to customize their software experience, adding further value. The main goal of MRI Software is to enhance operational efficiency and streamline property management for their clients in the global real estate market.

Solon, IowaHeadquarters

1971Year Founded

$3.4MTotal Funding

DEBTCompany Stage

Enterprise Software, Real EstateIndustries

1,001-5,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Private Medical Insurance

Income Protection Plans

Personal Pension plan

Parental Leave

Paid Vacation

401(k) Company Match

Tuition Reimbursement

Flexi Any-Day

Paid Holidays

Pet Insurance

Unlimited Paid Time Off

Hybrid Work Options

Mental Health Support

Wellness Program

Risks

Technical challenges in integrating Mesh's platform may lead to client dissatisfaction.

iInterchange acquisition could divert focus from core real estate software offerings.

Capita One acquisition may strain MRI's financial resources, affecting strategic investments.

Differentiation

MRI Software offers a comprehensive and flexible technology platform for real estate.

The company has a strong partner ecosystem enhancing client customization and optimization.

MRI Software's subscription model ensures steady revenue and continuous innovation.

Upsides

Increased demand for AI-driven property management boosts MRI's market potential.

Strategic acquisitions like iInterchange expand MRI's service offerings globally.

Partnerships, such as with Mesh, enhance MRI's property management platform capabilities.

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