JOB DESCRIPTION
In partnership with the department's other treasury specialist, responsible for daily movement of cash, which includes sending wire transfers and initiating ACH payments. Responsible for maintaining daily cash balance in main concentration bank account, which requires borrowing or investing cash daily. Demonstrate the company's core values of respect, honesty, integrity, diversity, inclusion and safety.
RESPONSIBILITIES
- Maintain daily cash balance in main concentration bank account; coordinate borrowing activities with commercial paper dealers and investment activities via an online bank portal
- Manage the daily movement of incoming and outgoing cash, forecasting future cash needs and strategizing on best ways to effectively manage the movement of funds
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- Prepare trend analysis and other financial reports as required to support the treasury function
- Identify and assist with implementing process improvements to enhance efficiency and accuracy and ensure compliance; maintain and update Treasury Operations manuals
- Set up and process ACH tax payments or Fed wires for withholding, sales/use, and corporate taxes
- Prepare VEBA Health & Welfare payments; reconcile VEBA Health & Welfare checking account
- Perform daily forecast reconciliation, which properly classifies prior day cash activity within the company's treasury management system
- Maintain journal entries and period close activity for the Treasury department, including reconciliation of Treasury general ledger accounts
- Maintain banking line codes within the treasury management system and main bank website for daily incoming drawdown wires
- Maintain and distribute daily Treasury Operations spreadsheets, weekly and period reports
- Assist with managing bank relationships, including setting up and closing accounts as needed
- Ensure appropriate signers are designated for each account and independently identify inappropriate or unapproved signers to mitigate risk
- Reconcile bank statements for U.S. Bank payroll accounts
- Maintain bank statements for NMTC accounts; agree bank account activity to approved wire transfers
- Provide limited administrative support for the department -- including document management, KEMBA check deposits, paying approved department invoices and bank service charges, coordinating the United Way and ArtsWave banking process
- Must be able to perform the essential job functions of this position with or without reasonable accommodation
QUALIFICATIONS
Minimum
- Associate Degree accounting, business, or finance; or equivalent work experience in a related field
- Proficient in Microsoft Office
- Basic accounting knowledge
- Strong time management skills
- Ability to prioritize/multi-task while providing accurate/on-time results
Desired
- Any banking experience
- Any front end store experience
- Any basic general accounting experience