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What is a cash application specialist and how to become one
Cash application specialists oversee the company's overall cash inflow and are tasked with ensuring that financial records are organized. They create regular reports to accurately track financial information and engage in collection management processes as necessary. Cash application specialists earn an average sum of $35,000 annually or $17 per hour.
Cash application specialists collect payments, create regular reports to track financial information accurately, and answer customer inquiries when necessary. They manage account receivable and insurance claims processing and also provide consultative expertise. Due to the nature of their job, they need sound speaking and computer skills.
Cash application specialists typically hold a bachelor's or master's degree in accounting, business, or other related fields. However, it is possible to become a cash application specialist with a high school diploma or an associate's degree. They are professionals with integrity and a keen eye for detail, in-depth knowledge of basic accounting techniques, and exceptional math skills.
Avg. Salary $37,558
Avg. Salary $59,228
Growth rate -5%
Growth rate 0.3%
American Indian and Alaska Native 0.63%
Asian 6.57%
Black or African American 6.82%
Hispanic or Latino 14.49%
Unknown 3.97%
White 67.52%
Genderfemale 80.73%
male 19.27%
Age - 53American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 53Stress level is manageable
7.1 - high
Complexity level is intermediate
7 - challenging
Work life balance is good
6.4 - fair
Cash application specialist career paths
Key steps to become a cash application specialist
Explore cash application specialist education requirements
Start to develop specific cash application specialist skills
Skills Percentages Customer Service 13.88% Cash Application 8.33% Patients 6.36% Data Entry 6.31% ACH 5.45% Complete relevant cash application specialist training and internships
Accountants spend an average of 1-3 months on post-employment, on-the-job training. New cash application specialists learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a cash application specialist based on U.S. Bureau of Labor Statistics data and data from real cash application specialist resumes.Gain additional cash application specialist certifications
More About CertificationsCash application specialist certifications can show employers you have a baseline of knowledge expected for the position. Certifications can also make you a more competitive candidate. Even if employers don't require a specific cash application specialist certification, having one may help you stand out relative to other applicants.
The most common certifications for cash application specialists include Certified Billing and Coding Specialist (CBCS) and Certified Management Accountant (CMA).
Research cash application specialist duties and responsibilities
- Manage documents for staff collaboration and training in SharePoint.
- Work with private, work comp, auto, Medicare and Medicaid insurance companies as well as other payers.
- Post daily payments including checks, wires, and automate clearing house (ACH) credit transfers to customer accounts.
- Run weekly GL and TB reports.
Prepare your cash application specialist resume
When your background is strong enough, you can start writing your cash application specialist resume.
You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a cash application specialist resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.
Choose from 10+ customizable cash application specialist resume templates
Build a professional cash application specialist resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your cash application specialist resume.
Apply for cash application specialist jobs
Now it's time to start searching for a cash application specialist job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
How did you land your first cash application specialist job
Are you a cash application specialist?
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Average cash application specialist salary
The average cash application specialist salary in the United States is $37,558 per year or $18 per hour. Cash application specialist salaries range between $29,000 and $48,000 per year.
What am I worth?
How do cash application specialists rate their job?
Cash application specialist reviews
Investigating claims of denials and getting claims pain in a timely manner
Nothing
Being able to work with a variety of people of different aptitudes with different focuses. Learning the ins and outs of the financial world, as well as networking for the future. Able to stay on top of technological advances and stay competitive for future advancement.
Inefficient flow of information from top to bottom.
Resolving problems and the everyday challenge
Highly stressful, under-appreciated and other departments not recognizing the value of the AR department.
Updated January 8, 2025
