Cash Applications Specialist

JOB OVERVIEW

The Accounts Receivable team at SITE Centers is looking for a Cash Applications Specialist to verify and apply all tenant and non-tenant cash receipts.

Each day the Specialist will collect tenant rent payments and make sure payments are posted to the appropriate tenant accounts in a timely manner.

Strong attention to detail and a high level of accuracy is of utmost importance in this role to ensure payments are being applied to the proper accounts.

The work the Specialist does is reflected in the company’s accounts receivable balance which has a direct impact on the bottom line of the business.

To thrive in this role, we need a detail-orientated Specialist who has basic accounting and math skills with prior bookkeeping experience.

This position works a hybrid schedule in the Beachwood, OH corporate office 3 days a week (Tuesday and Wednesday required), and the option to work from home up to 2 days a week.

During the initial 90-day onboarding period, we might encourage being onsite more than 3 days so you can get successfully oriented and trained in your new role.

The expected salary range for this regular, full-time non-exempt position is between $33,000 - $42,000. Actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education / training, job-related skills, internal peer equity, geographical and industry market data, and business considerations and other factors permitted by law.

To be successful in this role, you will need to :

Process automated lockboxes by verifying bank website data to system. Clear and research all error codes prior to processing.

Run reports and research unapplied cash receipts. Review back-up and tenant payment history due to periodic escrow changes to identify correct income categories for monthly and annual billings

• Process all live checks mailed to the corporate office. Ensure full account number is on all payments and scan to the correct Bank / lockbox number
• Apply ACH / Wire payments to tenant accounts
• Apply tenant payment on sold properties to the sold center ledger and forward check to department Analyst to initiate a wire transfer to the new owners
• Apply payments for tenants in litigation / bankruptcy to special litigation holding accounts and forwards these payments to the legal team for approval and instructions on where they can be applied
• Process all returned checks and charge NSF fees to appropriate tenant accounts
• Verify all batches are correct and balanced and notify Treasury team of discrepancies and corrected batch numbers
• Correct payment deposits remitted to the wrong bank lockbox by applying the deposit to the tenant transfer general ledger account and submitting wire fund transfer requests to the treasury team
• Research and maintain a monthly spreadsheet of unidentified cash receipts by matching amounts paid to amounts due on the aged delinquent reports and by contacting tenants to identify receipts

ABOUT US

SITE Centers is an owner and manager of retail real estate, with a premier portfolio of open-air shopping centers located in the most desirable locations across the United States.

Headquartered outside of Cleveland in Beachwood, Ohio, we are a self-managed and self-administered REIT, publicly traded on the New York Stock Exchange under the ticker : SITC.

We employ approximately 230 employees, with 150 hybrid workers in our corporate office, and the remainder of our staff based remotely across the country, including regional offices in New York City and Atlanta, Georgia.

SITE Centers is uniquely positioned within the industry, operating with the institutional foundation and corporate benefits program of a much larger company, yet with an employee count that allows us to embrace our creative, entrepreneurial spirit.

This distinct combination allows us to foster a cohesive, cross-functional team that brings a diverse array of experiences and worldviews to our organization.

We pride ourselves on fostering an inclusive work culture that is centered on valuing Fearlessness, Authenticity, Curiosity and Thoughtfulness.

Collectively, these core values make up our Matters of FACT, the guiding principles that drive our day-to-day operations and reflect the code and behaviors that exist in our passionate, hardworking and dedicated team members.

Required Skills

Required Experience