Cash Application Analyst

Requisition ID: 886926
Store # : 110356 EM Financial Planning - OH CSC
Position: Full-Time
Total Rewards: Benefits/Incentive Information

At EyeMed, we have a unique perspective on vision benefits. By listening and staying curious, we create innovative vision benefits that are a joy to use.

 Our mission is to help people see life to the fullest—and our commitment goes beyond vision benefits. Our passionate employees proudly support the OneSight EssilorLuxottica Foundation, a leading not-for-profit organization with a 100% focus on eradicating the world’s vision crisis.

EyeMed is part of EssilorLuxottica, a global leader in the design, manufacture and distribution of world-class vision care products, including iconic eyewear, advanced lens technology and cutting-edge digital solutions. Join our global community of over 200,000 dedicated employees around the world in driving the transformation of the eyewear and eyecare industry. Discover more by following us on LinkedIn.

GENERAL FUNCTION

The Cash Application Analyst will be responsible for processing incoming payments, ensuring accurate application to customer accounts, and resolving discrepancies in a timely manner. This role requires strong analytical skills, attention to detail, and experience working with ERP systems (SAP preferred) and banking portals.

MAJOR DUTIES AND RESPONSIBILITIES

• Accurately apply customer payments (checks, ACH, wire transfers, credit cards, lockbox, etc.) to invoices in the ERP system.
• Ensure payments are processed daily, meeting turn around time SLAs.
• Research and resolve unapplied or misapplied cash receipts.
• Work closely with Finance Operations/Collections team to resolve payment issues.
• Identify opportunities to automate and streamline cash application processes for efficiency.
• Ensure compliance with company policies, accounting standards, and internal controls.
• Maintain accurate and organized records for audit and reporting purposes.
• Collaborate with cross-functional teams to develop data-driven solutions that enhance operational efficiency and financial performance.
• Utilize advanced data analysis techniques to interpret complex financial data and generate actionable insights.
• Assist in the development and implementation of automated reporting tools to streamline financial processes and improve accuracy.
• Participate in continuous improvement initiatives to enhance data quality, reporting accuracy, and overall financial management.
• Provide analytical support for special projects and initiatives, offering recommendations based on thorough data analysis.

BASIC QUALIFICATIONS

• College degree or equivalent work experience
• 1-3 years of experience in cash application, accounts receivable, or a related finance role.
• Proficiency in ERP systems (SAP, Oracle, NetSuite, etc.) and banking portals.
• Strong Excel skills (XLOOKUP, pivot tables, data analysis).
• Experience with lockbox processing, ACH, wire transfers, and credit card payments.
• Strong attention to detail and accuracy in data entry.
• Ability to investigate and resolve discrepancies.
• Ability to work in a fast-paced environment and manage multiple priorities.
• Excellent written and verbal communication skills.

PREFERRED QUALIFICATIONS

• Bachelor’s degree in Accounting, Finance, or related field
• Experience with automation tools or AI-driven cash application solutions.
• Familiarity with collections management.
• Background in high-volume payment processing and collections integration.

Employee pay is determined by multiple factors, including geography, experience, qualifications, skills and local minimum wage requirements. In addition, you may also be offered a competitive bonus and/or commission plan, which complements a first-class total rewards package. Benefits may include health care, retirement savings, paid time off/vacation, and various employee discounts.

Upon request and consistent with applicable laws, EssilorLuxottica will provide reasonable accommodations to individuals with disabilities who need assistance in the application and hiring process.  To request a reasonable accommodation, please call the EssilorLuxottica SpeakUp Hotline at 844-303-0229 (be sure to provide your name and contact information so that we may follow up in a timely manner) or email [email protected]. 

We are an Equal Opportunity Employer.  All qualified applicants will receive consideration for employment without regard to race, color, gender, national origin, social origin, social condition, being perceived as a victim of domestic violence, sexual aggression or stalking, religion, age, disability, sexual orientation, gender identity or expression, citizenship, ancestry, veteran or military status, marital status, pregnancy (including unlawful discrimination on the basis of a legally protected pregnancy or maternity leave), genetic information or any other characteristics protected by law. Native Americans in the US receive preference in accordance with Tribal Law. 

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