Job Description
Company: Flow Control Group
About Us:
Flow Control Group (FCG) is a leading provider of fluid handling, process, and industrial automation solutions across North America. We are a 100% employee-owned organization made up of over 2,000 team members and 95+ entrepreneurial brands—each empowered to think big, move fast, and bring innovative ideas to life. Our ownership mindset fuels a culture of pride, accountability, and exceptional customer service.
At FCG, we believe in the power of partnership and entrepreneurship. We work collaboratively across our brands to drive growth, unlock new opportunities, and deliver real impact for our customers. This unique model allows us to combine local expertise with national strength, creating a dynamic environment where creativity meets practicality.
Visit our website: https://flowcontrolgroup.com/
The Cash Application Specialist is responsible for accurately applying incoming payments to customer accounts, resolving discrepancies, and supporting overall accounts receivable operations. This role ensures the timely and precise posting of payments while maintaining strong internal controls and customer relationships.
Key Responsibilities
• Post daily customer payments (ACH, wire, check, credit card) accurately and timely manner
• Research and resolve unapplied cash, short payments, overpayments, and deductions
• Reconcile customer accounts and identify discrepancies
• Process lockbox transactions and remote deposits
• Communicate with customers regarding remittance details and payment issues
• Collaborate with billing, collections, and sales teams to resolve account discrepancies
• Maintain documentation for audit and compliance purposes
• Assist with month-end closing activities related to accounts receivable
• Prepare cash application reports and metrics as needed
• Ensure adherence to internal controls and company policies
Required Qualifications
• High school diploma or equivalent (Associate’s or Bachelor’s degree in Accounting/Finance preferred)
• 1–3 years of accounts receivable or cash application experience
• Strong data entry accuracy and attention to detail
• Experience with ERP/accounting systems (e.g., SAP, Oracle, NetSuite, JD Edwards, etc.)
• Proficiency in Microsoft Excel
• Strong analytical and problem-solving skills
• Excellent communication skills (written and verbal)
• Ability to manage high transaction volume
Preferred Qualifications
• Experience with lockbox processing
• Understanding of deductions management
• Knowledge of GAAP principles
• Experience in high-volume corporate environments
Key Competencies
• Detail-oriented
• Organized and deadline-driven
• Strong reconciliation skills
• Customer service mindset
• Process improvement orientation
Cash Application Specialist KPIs
1. Cash Posting Timeliness
Goal: 95–100% of payments posted within 24 hours of receipt
• Measures speed and operational efficiency
• Critical for accurate AR aging
2. Posting Accuracy Rate
Goal: 99%+ accuracy
• Errors divided by total transactions
• Tracks misapplied payments, incorrect amounts, wrong accounts
3. Unapplied Cash Percentage
Goal: < 2–3% of total cash receipts
• Ensures payments are properly matched
• Reduces downstream collection issues
4. Daily Processing Volume
Goal: Meets or exceeds benchmark for company size
• Example: 200–500 transactions/day (varies by system automation level)
• Measures productivity
5. Research & Resolution Time
Goal: 90% of discrepancies resolved within 3–5 business days
• Tracks efficiency in handling short pays, deductions, and unidentified payments
6. Month-End Close Support
Goal: 100% completion of assigned tasks on schedule
• No delays to AR close due to cash posting backlog
7. Aging Impact Contribution
Goal: Reduce AR aging errors tied to misapplied payments
• Indirect KPI measuring how clean posting supports collections
8. Customer Remittance Compliance
Goal: 95%+ remittances properly documented
• Ensures audit trail and strong internal controls
9. Process Improvement Contributions
Goal: 1–2 documented efficiency improvements per year
• Automation suggestions
• Reduction in unapplied cash
• Workflow enhancements
#flowcontrolgroup
#manycompaniesoneteam
#FCGcareers
#FCG-m
#LI-KE
Why Build a Career with Us?
Everyone’s an Owner of the Company: Because every team member contributes to Flow Control Group’s success, everyone has the benefits of ownership! Flow Control Group has a broad-based employee ownership program extended to every employee within our portfolio companies.
Competitive Benefits: Enjoy an attractive benefits package that includes Medical, Dental and Vision insurance (among other plans), competitive 401(k) matching program, career growth opportunities, employee referral program, paid time off and holidays, as well as parental leave.
Training: FCG University learning and training platform available to all employees offering over 80k courses.
Career Growth Opportunities: At Flow Control Group, we are committed to your professional development. With a vast network of over 100 brands across North America, we provide unparalleled opportunities for growth and advancement. Whether you're just starting your career or looking to take it to the next level, we offer custom training programs, mentorship, and a supportive environment to help you achieve your goals. Join us and be part of a dynamic team where your contributions make a real impact.
Equal Opportunity Employer: Flow Control Group is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or any other legally protected characteristics.
