Job opportunities in the Octopus Ventures portfolio

Octopus Ventures
Octopus Ventures

Cash Application Specialist (EU timezone)



Bucharest, Romania
Posted on Saturday, June 22, 2024
Remofirst empowers employers to be free from geographical boundaries when accessing talent, allowing employees to pursue opportunities wherever they may exist. We are on a mission to be the FIRST to truly revolutionize the industry and be a generational company.

Our platform offers a full-range people management tool, employee benefits like health insurance, and financial benefits, and enables clients to hire anyone from anywhere with one click. Remofirst manages employees and contractors for Fortune 500 companies and the best startups worldwide.

We are a small but strong team of 90+ people (and growing) hyper-focused on delivering a world-class platform and unparalleled service with our industry-leading partnerships. To help accelerate our growth and pace of delivery, we are looking for a talented Cash Application Specialist.

What you'll be doing:

  • Monitor the bank's accounts daily
  • Handle the daily processing of cash receipts and disbursements
  • Identify and handle bank fee charge-offs related to cash transactions
  • Maintain records for auditing purposes, including filing remittances, bank statements, and approved write-offs
  • Identify unapplied cash amounts and post them to customer accounts. Follow up with necessary documentation and backup
  • Work closely with the Finance Managers and Client Support teams related to cash receipts, applications, collections, and maintain a positive attitude in all correspondence
  • Prepare daily and monthly cash reconciliations, helping to identify any applicable issues
  • Ensure cash receipts/disbursement queries are investigated and analyzed effectively and timely
  • Provide support to and take direction from the Senior Finance Operations Manager
  • Other ad-hoc tasks as directed by management including reporting and audit requests
  • Identify opportunities for process improvements and implement best practices
  • Other duties as assigned by the Senior Finance Operations Manager lead based on Finance department initiatives and priorities.

Job responsibilities of role may change based on Finance Management discretion.

What you’ll need:

  • 2-year accounting degree or equivalent experience preferred
  • Minimum 3 years of cash application experience required
  • English verbal and written communication skills are essential
  • Demonstrated ability to prioritize work to meet set deadlines
  • Strong time management, planning, and organizational skills
  • Ability to analyze and research data and resolve discrepancies
  • Ability to multitask in a deadline-driven environment and shift priorities as needed
  • Ability to seek out information and resolve issues
  • Comfortable working autonomously but within a team
  • High-level numeracy and reconciliation skills, with demonstrated attention to detail and accuracy
  • Experience in processing a high volume of cash receipts and disbursements
  • Experience with electronic payment systems is a plus

Why work at Remofirst?

  • Startup environment. Remofirst is an early-stage start-up. You have a voice, and can influence and grow rapidly
  • Build & Scale From Scratch. Experience hyper-growth scale and help us build a great team of professionals worldwide that can help us achieve this ambitious vision.
  • Work for a Market Leader. Scale a project that counts market-leading companies like Microsoft, Mastercard, and more as happy customers.
  • Compensation and perks are great! Competitive compensation. Work equipment of your choice. 100% remote work. PTO regulated by local statutory
  • Culture. We lead with respect, kindness, and the right to fail. We value hard, yet smart work. Diversity and inclusion are part of our DNA. As we grow and evolve, we welcome your input to help us define our culture further.

Please note: All of our salaries are in USD and will be converted to your local currency with a fixed FX rate.