Cash Applications Lead at Masimo Corporation

Job Summary

The Cash Applications Lead is responsible for payment application of all cash receipts from multiple sources and processing through Expandable and Oracle EBS. Interfaces with various systems and websites to import, export and/or edit data from multiple sources. Good organizational skills with a high degree of accuracy, attention to detail, prompt follow-through and outstanding customer service required. 

Duties & Responsibilities

• Lead and assist with managing the cash application team located in India, providing guidance, training, and performance feedback.
• Oversee the accurate and timely posting of customer payments (ACH, wire, checks, credit cards) to appropriate accounts.
• Monitor unapplied cash and ensure prompt resolution of payment discrepancies.
• Collaborate with internal departments (e.g., Credit, Collections, Customer Service) to resolve payment issues and improve processes.
• Compile packet documents for rebates, short payments, discounts, miscellaneous credit and rebills, etc. for review.
• Maintain and reconcile daily cash receipts and bank deposits.
• Ensure compliance with internal controls, company policies, and audit requirements.
• Identify and implement process improvements to enhance efficiency and accuracy.
• Prepare and analyze cash application metrics and reports for management.
• Support month-end and year-end close activities related to cash application.

Minimum & Preferred Qualifications and Experience

Minimum Qualifications

• 3+ years’ experience with full cycle accounts receivable and cash applications
• Oracle, SAP, or other ERP system
• Excellent communication skills, both written and verbal
• Critical thinking skills, basic accounting principles knowledge, documentation skills, and research & resolution skills.
• Must have a high degree of accuracy, detail- oriented, and adaptive learner.
• Proficiency in Microsoft Excel and other financial tools.
• Demonstrates a strong desire to learn and assume ownership and responsibility.

Preferred Qualifications

• Experience with lockbox processing and automated cash application tools.
• Knowledge of GAAP, business principles and standard operating practices
• Problem solving and analytical skills.

Education

High school diploma or GED required. Associate degree or relevant certifications preferred.

Compensation

The anticipated salary range for this position is $24.00 - $36.00 per hour plus benefits.  Actual placement within the range is dependent on multiple factors, including but not limited to skills, education, and experience.

Masimo offers benefits such as Medical, Dental, Vision, Life/AD&D, Disability Insurance, 401(k), Vacation, Sick, Holiday, Paid Maternity Leave, Flexible Spending Accounts, Voluntary Accident, Critical Illness, Hospital, Long-Term Care, Employee Assistance Program, Pet Insurance, on-site Wellness Clinic, Fitness Center and Cafe.  All benefits are subject to eligibility requirements.

Physical requirements/Work Environment

This position primarily works in an office environment. It requires frequent sitting, standing, and walking. Daily use of a computer and other computing and digital devices required. May stand for extended periods when facilitating meetings or walking in the facilities. Some local travel is necessary, so the ability to operate a motor vehicle and maintain a valid Driver’s license required. 

The physical demands of the position described herein are essential functions of the job and employees must be able to successfully perform these tasks for extended periods. Reasonable accommodation may be made for those individuals with real or perceived disabilities to perform the essential functions of the job described.