At a Glance
- Tasks: Post and allocate customer receipts, reconcile bank and ledger balances.
- Company: Join Oak View Group, a leader in revolutionising the live events industry.
- Benefits: Enjoy a competitive salary, private healthcare, gym discounts, and ongoing training.
- Other info: Diversity is key; we welcome applicants from all backgrounds.
- Why this job: Make a real impact in finance while working in a dynamic, hybrid environment.
- Qualifications: 1-2 years in cash application or accounts receivable, strong Excel skills.
The predicted salary is between 26978 - 32974 £ per year.
Oak View Group is reinventing the way the world comes together. Driven by a passion to revolutionise the live events industry with dynamic thinking and an unshakeable dedication to those we serve, OVG turns up the volume on what makes life extraordinary.
Role Purpose: We're looking for a Cash Application Specialist to join our finance team, keeping customer receipts accurate, up to date, and properly allocated. You'll play a key role in cash allocation, bank reconciliation, and reducing unapplied cash - helping the wider team make confident, well-informed collection decisions.
About the role: You'll post and allocate customer receipts daily, help reconcile bank and ledger balances, and keep unallocated cash to a minimum. It's a hands-on role for someone who's organised, numerate, and comfortable investigating discrepancies until they're resolved.
What you'll do:
- Post customer bank receipts and retail cash/card receipts in NetSuite daily
- Allocate receipts accurately against customer accounts and open invoices
- Investigate partial payments, overpayments, duplicates and unidentified receipts
- Chase remittance advice from customers, working closely with Credit Control and Billing
- Keep unapplied cash and customer credits under regular review, prioritising the oldest and highest-value items
- Keep clear records of open issues and flag anything material to the Cash Application Manager
- Reconcile daily retail/sales receipts against bank and ledger records
- Prepare monthly bank-to-ledger reconciliations with supporting evidence
- Investigate and clear reconciling items within agreed deadlines
- Maintain a live schedule of outstanding items (value, age, reason, owner, action)
- Support month-end close and escalate unresolved issues ahead of reporting deadlines
- Spot recurring causes of unallocated cash or reconciliation breaks
- Suggest practical fixes to process and controls
- Help test and roll out automation or system improvements
- Keep SOPs and process documentation up to date
- Keep audit-ready records of postings, allocations and reconciliations
- Follow company accounting policies and approval controls
- Support audit queries as needed
What you'll bring:
- 1-2 years' experience in cash application, cash allocation, accounts receivable or similar transactional finance role
- Hands-on experience allocating customer payments and chasing down unapplied cash
- Experience preparing or supporting bank and ledger reconciliations
- Solid grasp of bookkeeping, customer ledgers and double-entry accounting
- Good Excel skills - filters, lookups, pivot tables
- Strong accuracy, organisation and written communication
- Comfortable working to daily and month-end deadlines
Nice to have:
- NetSuite experience
- Microsoft Dynamics NAV experience, especially researching legacy transactions
- Background in a high-volume, multi-entity, retail or hospitality environment
- Experience reconciling card or payment-provider settlements (Stripe, Worldpay, Amex)
How success is measured:
- Receipts posted within agreed daily SLA
- Cash-allocation accuracy and low rework
- Value and age of unapplied/unidentified cash
- Reconciliations completed to month-end deadline
- Number and age of open reconciling items
- Speed and quality of query resolution
Please note, the role is hybrid - 3 days per week at our Central London offices and 2 from home. Salary range 30-34,000 depending on experience. Excellent benefits including private healthcare, corporate gym discount, food and beverage discount, regular pay reviews, ongoing training and development and more!
Our Inclusion Commitments: OVG is for everyone. Diversity drives innovation, strengthens our people, improves our service, and raises our excellence. Wherever you come from, wherever you are going, we'd love to hear from you. If you need any additional support or adjustments with your application, let us know and we will work with you to ensure you have everything you need.
Employee Screening and Eligibility to Work: As part of the recruitment process, you will be asked to provide evidence of your right to work in the UK.
Cash Application Assistant - London employer: OVG
Oak View Group is an exceptional employer, offering a vibrant work culture that champions innovation and inclusivity in the live events industry. With a hybrid working model based in Central London, employees benefit from competitive salaries, comprehensive healthcare, and ongoing training opportunities, all while contributing to a dynamic team dedicated to redefining expectations. Join us to be part of a forward-thinking organisation that values diversity and empowers its employees to grow and succeed.
