Cash Application Coordinator
Stryker
Full time
Other
Canada
Hiring from: Canada
Shift: Monday – Friday, 8:00 AM – 4:00 PM
Work Flexibility: Hybrid
Location: 2 Medicorum Place, Waterdown, ON
Summary:
The Cash Application Coordinator is responsible for receiving and applying customer payments to the correct account to clear open accounts receivable (AR) and handle full Accounts Receivable lifecycle. In this role, you will also be responsible for investigating discrepancies to apply cash accurately and to continuously find opportunities for improvement and presenting those to management.
What You Will Do:
Required:
Stryker is a global leader in medical technologies and, together with its customers, is driven to make healthcare better. The company offers innovative products and services in MedSurg, Neurotechnology, Orthopaedics and Spine that help improve patient and healthcare outcomes. Alongside its customers around the world, Stryker impacts more than 150 million patients annually.
Work Flexibility: Hybrid
Location: 2 Medicorum Place, Waterdown, ON
Summary:
The Cash Application Coordinator is responsible for receiving and applying customer payments to the correct account to clear open accounts receivable (AR) and handle full Accounts Receivable lifecycle. In this role, you will also be responsible for investigating discrepancies to apply cash accurately and to continuously find opportunities for improvement and presenting those to management.
What You Will Do:
- Record and apply incoming payments to correct customer accounts within a 24-hour benchmark.
- Process credit card transactions and maintain accurate cash application records in compliance with SOX policies.
- Investigate payment discrepancies and initiate correspondence for unapplied payments as needed.
- Monitor and review unapplied cash reports weekly to ensure timely resolution and application.
- Follow up on past due accounts, missed payment commitments, and short payments using MyDSO and other tools.
- Log and track customer complaints, delinquent account communications, and all account-related activities.
- Send customer invoices and statements proactively to support timely collections.
- Coordinate with internal teams via SharePoint to facilitate new account setups and credit limit approvals.
Required:
- University Degree in business administration, accounting, or related discipline required
- Minimum 2+ years cash application experience
Stryker is a global leader in medical technologies and, together with its customers, is driven to make healthcare better. The company offers innovative products and services in MedSurg, Neurotechnology, Orthopaedics and Spine that help improve patient and healthcare outcomes. Alongside its customers around the world, Stryker impacts more than 150 million patients annually.
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