Summary
Overview
Work History
Education
Skills
Cellular
Certifications courses
Timeline
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SHERMAN C WALTON

Charlotte,NC

Summary

Experienced financial operations professional with expertise in cash application processes. Specializes in optimizing payment workflows, resolving discrepancies, and ensuring accurate financial records. Recognized as a proven collaborator, known for reliability and adaptability to changing needs. Possesses strong analytical abilities, attention to detail, and proficiency in financial software and systems.

Overview

17
17
years of professional experience

Work History

Cash Application Analyst

Amwins Group Inc.
04.2022 - Current
  • Conducted regular reviews of unapplied cash balances, identifying potential misapplications or adjustments required for proper accounting treatment.
  • Streamlined communication between billing and collections departments to expedite payment processing timescales effectively.
  • Post intermediate to complex level deposits to invoices, accurately and timely to achieve daily goal
  • Request missing payment details from Retailers, Markets, Vendors & internal business partners (as needed) and perform additional follow up until payment details are obtained and deposit is completed
  • Assist Supervisor and Senior Analyst with monitoring, researching, and resolving deposits in unapplied cash (UAC) account
  • Resolve all suspended deposits in queue within 24 hours, including UAC
  • Monitor e-mail activity in Service Now (SNOW) and Outlook and respond promptly to all inquiries
  • Generate intra-day report in Wells Fargo CEO and process commercial deposits in Amlink
  • Process inter-company transfers in AmLINK
  • Generate Lockbox, ACH/Wire reports in Wells Fargo CEO for archival

Cash Application Specialist (contract through Vaco)

Red Bull Distribution Co.
09.2020 - 04.2022
  • Posting lockbox payments using the High Radius Cash Application Module and SAP from DSD credit customers
  • Responsible for the reconciliation of outstanding deposits to balance financial records
  • Ability to utilize bank website and images for applying payments received
  • Streamline cash application process through Encompass upload functions
  • Monitor and adjust unapplied payments daily
  • Collaborated with cross-functional teams to ensure accurate and timely cash application processing.
  • Assist Accounts Receivable Manager to work with National Chains to eliminate duplicate vendor numbers
  • Identified and communicated customer payment discrepancies and worked directly with collections team for research and resolution.

Cash Application Specialist (contract through Talent Bridge)

Compass Group
05.2019 - 04.2020
  • Posted lockbox payments (ACH and check) utilizing Bank of America website, SAP and High Radius based on remittance information
  • Responsible for the reconciliation of outstanding deposits to balance financial records
  • Ability to utilize bank website and images for applying payments received
  • Post payments received with high accuracy rates
  • Handle high volume of payments with extensive remittance detail to be processed
  • Read and decipher remittance data provided and be able to make sound judgement
  • Communicate discrepancies with AR Regional Specialists to assist in customer account maintenance and service
  • Export High Radius Z customer report for review by AR Regional Specialists

Accounts Payable Specialist IV

Wal-Mart Global Business Services
06.2016 - 02.2020
  • Supported document processing and data management by validating data for issue resolution using in-depth analytics review across multiple systems in the Accounting Services function
  • This includes organizing daily work, maintaining expected production and quality levels, and providing exceptional customer service to business partners and vendors

AR Reconciliations & Cash Application Analyst (contract through CRG)

Joerns Healthcare
10.2015 - 06.2016
  • Responsible for daily processing of payments to customer accounts and assisting in the application of lockbox payments
  • Posting lockbox payments/journal entries by reviewing check images and posting in SAP to the exact invoices and amounts that are listed on client’s remittance
  • Responsible for the reconciliation of outstanding deposits to balance financial records
  • Investigated short pays and resolved customer discrepancies with a sense of urgency
  • Initiated small balance write offs, customer reconciliations, and processing credit memos and debit memos
  • Worked on the reconciliation of outstanding deposits to balance financial records in SAP
  • Researched customer disputes, erroneous payments, and request funds when applicable
  • Processed daily payments (lockbox, credit card, ACH) to customer accounts
  • Posted lockbox payments/journal entries by reviewing check images and posting in SAP to the exact invoices and amounts that are listed on client’s remittance
  • Utilized internet lockbox website to accurately apply cash receipts against invoices
  • Contacted customer as needed to determine proper payment application
  • Partnered with credit and collections to resolve cash application questions
  • Identified and recommended opportunities to improve reconciliation processes

Accounts Receivable Analyst

Schleich USA
07.2013 - 09.2015
  • Performed thorough account reconciliations to locate discrepancies and ensure accuracy in company records, avoiding costly errors down the line.
  • Issued specialty store credit notes (short shipments, defective product, co-op advertising)
  • Performed payment application and cash deposits
  • Processed revenue maintaining accurate accounting records
  • Generated automatic monthly statements to customers
  • Worked on the monitoring and reconciliation of accounting processes in accordance with policy and procedures
  • Collected assigned customers past due accounts of $6,000,000
  • Worked on credit card processing (Auto credit card charges, incoming payments calls)
  • Reconciled assigned G/L accounts at month end
  • Worked on the reconciliation of monthly COGS Statement and COGS deductions

Accounts Receivable Specialist

APM Terminals
08.2007 - 08.2012
  • Researched and resolved customer disputes in a timely manner
  • Generated weekly invoices for assigned customers
  • Ensured timely processing of invoices received for all purchases and services
  • Contacted past due accounts to collect payment
  • Generated age analysis
  • Monitored customer account details for non-payments, delayed payments, etc
  • Reviewed AR aging to ensure compliance
  • Communicated with customers via phone, email, mail, or personally
  • Maintained billing vessel accuracy at 98% and managed multiple marine terminals effectively while maintaining vessel days to invoice at 3 days
  • Worked on controlling ancillary billing error rate at 1%
  • Reduced past due outstanding invoices of assigned marine terminals by 40% compared to an average past due amount of $413,411

Education

B.S. - Business Administration in Accounting

University of Phoenix
Phoenix, AZ
06-2006

Skills

  • MS Excel
  • Access
  • Word
  • Power Point
  • SAP Order to Cash (OTC)
  • Business Warehouse (BW)
  • Strong communication skills
  • ERP system expertise

Cellular

704-430-1165

Certifications courses

  • Google Data Analytics Professional Course
  • Structured Query Language

Timeline

Cash Application Analyst

Amwins Group Inc.
04.2022 - Current

Cash Application Specialist (contract through Vaco)

Red Bull Distribution Co.
09.2020 - 04.2022

Cash Application Specialist (contract through Talent Bridge)

Compass Group
05.2019 - 04.2020

Accounts Payable Specialist IV

Wal-Mart Global Business Services
06.2016 - 02.2020

AR Reconciliations & Cash Application Analyst (contract through CRG)

Joerns Healthcare
10.2015 - 06.2016

Accounts Receivable Analyst

Schleich USA
07.2013 - 09.2015

Accounts Receivable Specialist

APM Terminals
08.2007 - 08.2012

B.S. - Business Administration in Accounting

University of Phoenix

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