Senior Revenue and Cash Accountant

OnTrac is hiring a Senior Revenue and Cash Accountant.

 

Are you eager to join a dynamic and expanding company where you can both learn and make a meaningful impact? If you possess a strong sense of empathy, enjoy assisting others, thrive in a fast-paced environment, and excel at problem-solving, we encourage you to apply today to connect with a recruiter! 

 

Founded in 1986, OnTrac has evolved into the leading provider of same-day and next-day delivery services in the U.S. for premier e-commerce and product-supply businesses, including five of the largest retailers in the U.S. 

 

Location: Remote.

 

Salary: $85,000 - $100,000.00 per year. 

 

Employment Logistics:

 

The Senior Revenue and Cash Accountant is responsible for supporting the revenue accounting team in managing and overseeing the company revenue streams for purposes of accurate reporting. Also responsible for accurately processing and posting customer and supplier payments to their respective accounts, ensuring timely and correct application of funds by reconciling discrepancies in cash receipts, managing customer inquiries related to application of payments, processing refunds and other credit or debit adjustments and working closely with the revenue management, AR collections, AP and GL accounting teams to maintain accurate financial records.

 

Key Responsibilities:

 

•  Revenue Recognition

 

Overseeing and ensuring revenue is recognized in compliance with US GAAP ( ASC 606, Revenue from Contracts with Customers).

 

• Contract Review & Analysis

 

Reviewing new or amended customer contracts to determine appropriate accounting treatment and assessing the impact of complex terms on revenue recognition.

 

• Cash Applications

 

Applying incoming cash receipts and payments (e.g., checks, wire transfers, ACH payments, credit cards) to the correct customer and supplier accounts within the company's AR and Cash modules in the accounting system.

 

• Cash Reconciliations

 

Identifying and resolving discrepancies between bank statements, remittances and invoices, including investigating short payments, deductions, or unapplied cash and manually applying receipt and payment items that do not automatically match.

 

•  Cash Clearing Maintenance

 

Matching payments and receipts on a daily basis to allow for daily maintenance of cash clearing accounts and support the daily and monthly cash close process.

 

•  Data entry

 

Accurately inputting or loading adjustments, receipts and payment details into the subledgers, including invoice numbers, payment amounts, and transaction dates.

 

• Month-End/Year-End Close

 

Participating in and supporting month-end and year-end closing activities, including preparing and journal entries and reconciliations related to revenue, accounts receivable, Revenue and AR adjustments, Customer Incentives, Claims and Rebates and Cash related accounts.

 

• Interactions with Internal Teams

 

Investigating and following up on missing remittance details, short pay discrepancies and understanding the reasons for deductions through the collections team. Identifying and coding Non-AR receipts and other Non-AP payments to the appropriate GL accounts in coordination with internal teams.

 

• Reporting

 

Preparing reports and analyses related to revenues, cash application and payment activity, including outstanding receivables and payables, aging analysis, unapplied cash and payment trends and other KPIs to support decision-making.

 

•  Process and Controls Improvements

 

Supporting the design, test and implementation of automation of cash applications and cash reconciliations in Oracle Fusion, as well as focusing on other day to day improvements to process and controls to drive efficiencies and support accuracy of accounting processes.

 

• Compliance

 

Adhering to company policies and procedures regarding revenue and cash processes, including internal controls and accounting standards.

 

•  Audit Support

 

Providing necessary documentation and analyses to support external audits.

Other duties as assigned.

 

Required skills and qualifications:

 

•  CPA Preferred
•  3+ years of experience, with revenue recognition, AR and Cash desirable
•  Excellent analytical and problem-solving skills and attention to detail
•  Strong communication and customer service skills to handle internal and external communications
•  Strong understanding of accounting principles and financial transactions
•  Well organized, able to work independently, and meet deadlines efficiently
•  Proficiency in Microsoft Excel
•  Experience with Oracle Fusion is a plus

 

If you are excited to be part of our team and grow with our OnTrac family, we invite you to apply! 

 

 

 

Ontrac is proud to be an Equal Opportunity Employer 

OnTrac is an equal opportunity employer. We value diversity and welcome applications from individuals of all backgrounds, abilities, and experiences. We do not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or age. Join us in our commitment to creating a diverse and inclusive workplace. If you are excited to be part of our team and contribute to our talent acquisition efforts, we invite you to apply. 

 

Lasership, Inc. dba OnTrac Final Mile with its affiliates, including OnTrac Logistics, Inc. (collectively, "OnTrac" or the "Company") is an equal opportunity employer.