Our Cash Application Administrator plays a vital role in ensuring the highest quality and safety standards of our pharmaceutical products. Once you complete our training, your responsibilities will include daily operations of cash application, ensuring that payments and receivables are processed accurately and efficiently. The cash application administrator will ensure quality assurance/data integrity requirements, and that processes and procedures are followed. The cash application administrator plays a key role in financial operations, helping to maintain compliance and precision. This position is responsible for all aspects of cash application for QuVa within High Radius from posting payments, exception handling, error corrections, and communications with various internal and external stakeholders including the collections team, customers, and the customer service team. Turn your passion for precision and your commitment to quality into a meaningful impact on healthcare across the US.
What the Cash Application Administrator Does Each Day
- Processing transactions by monitoring the cash application automation within High Radius and ensuring that items are posted on time, and that cash received is applied properly
- Posts payments that are pre-determined to not be able to be applied by automation
- Exception Handling to include daily research and investigation of all payments that are not automatically applied by automation and resolution of any issues preventing the same on an ongoing basis
- Effectively manage credit card payment receipts from customers and ensure cash is applied
- Acts as designated subject matter expert for the receivables automation system and as a resource for the accounts receivable team
- Researches and resolves cash application errors in a timely manner
- Participates in the month-end close process to minimize unapplied cash and ensure receivables are accurately recorded
- Monitors and reports collections metrics to leadership including AR Supervisor and Director of Accounting by effectively utilizing the KPI reporting within High Radius
- Assists AR Supervisor with creating an environment of continuous improvement. Examples include making a conscious effort to increase the automation percentage and reducing exception handling within High Radius.
- Assists with maintaining master contact data for customers within High Radius environment
Our Most Successful Cash Application Administrator
- Has a sense of urgency, accountability and resourcefulness (e.g., work in changing environment)
- Is a self-starter, independent learner
- Promotes active listening with team members; Contributes appropriately to conversations
- Has strong verbal and written communication skills with the ability to work effectively with other departments within the organization and with people at all levels of the organization
- Understands how various issues affect each other and the outcome of projects; Improves upon existing approaches by seeking opportunities to creatively transform
Minimum Requirements For This Role
- Associate's degree in accounting or Related Field or equivalent work experience
- 5+ years of relevant work experience in Accounts Receivable
- Demonstrated understanding of fundamental accounting principles and the ability to apply the same
- Demonstrated ability to solve problems and find solutions independently
- Strong technical adaptability in working with new and evolving software and automation
- Must be currently authorized to work in the United States on a full-time basis; QuVa will not sponsor applicants for work visas
Benefits of Working at QuVa
- Set, full-time, consistent work schedule
- Comprehensive health and wellness benefits including medical, dental and vision
- 401k retirement program with company match
- 17 paid days off plus 8 paid holidays per year
- Occasional weekend and overtime opportunities with advance notice
- National, industry-leading high growth company with future career advancement opportunities
About QuVa
QuVa is a national, industry-leading provider of pharmacy services, including ready-to-administer sterile outsourcing and advanced AI-generated insights providing clarity for revenue capture and inventory management. QuVa Pharma delivers essential medications in injectable formats critical for effective patient care. LogicStream, a QuVa company, partners with health systems to aggregate, normalize, and analyze large amounts of complex data through AI and machine learning tools that generate actionable insights supporting revenue optimization, inventory management, and inventory-related workflows. Through QuVa's integrated solutions, health systems can transform pharmacy management to achieve greater value by operating more efficiently and effectively as they deliver high-quality patient care.
QuVa is an equal opportunity employer and is committed to creating and maintaining a work environment that is free from all forms of discrimination and harassment. QuVa's Equal Opportunity Policy prohibits harassment or discrimination due to age, ancestry, color, disability, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, race, religious creed, sex (including pregnancy, childbirth, breastfeeding, and any related medical conditions), sexual orientation, and any other characteristic or classification protected by applicable laws. All employment with QuVa is "at will."
