Cash Management Specialist

Description

The Cash Management Specialist is responsible for executing and monitoring daily cash operations with a strong emphasis on transactional accounting. This role ensures accurate and timely processing of cash-related transactions, supports reconciliation activities, and contributes to the integrity of financial reporting. The Cash Management Specialist has a general understanding of accounting principles, banking operations, and treasury systems.

• Assist in implementing cash management tools and automation initiatives.
• Provide daily sub account allocations to banks with escrow account services.
• Provide support for treasury reporting and ad hoc financial analysis.
• Identify and resolve discrepancies in cash transactions and accounting entries.
• Records monthly investor distribution payments
• Initiate and record electronic payments including wire transfers, ACH payments, Taxing authority websites and other disbursements.
• Monitor and manage daily cash positions across multiple bank accounts.
• Initiates and records funding transactions related to investor distributions
• Initiates stop payments and records related entries to void transactions in the general ledger.
• Codes invoices in Yardi Procure to Pay and determines the appropriate cash account and general ledger coding to be used.
• Assist in month-end close processes related to cash and banking activities.
• Records entries to the general ledger to capture GL offsets to cash on the appropriate entity levels.
• Runs month end transaction reports for recording of interest income and fees
• Reviews and maintains daily cash log of unrecorded transactions.
• Assist in research and resolution of daily and monthly bank reconciliation issues.
• Ensure timely and accurate posting of cash transactions in the general ledger.
• Reviews and initiates decisions for check and ACH positive pay issue at multiple banks.
• Support internal audits and compliance with company policies and other regulatory requirements.
• Record and reconcile cash receipts, disbursements, and intercompany transfers.
• Opens and closes sub accounts at banks with escrow account services.

Requirements

• Demonstrates highest standards of personal and professional integrity, adheres to company’s policies and procedures, and complies with applicable laws, government rules and regulations.
• Experience with bank portals & treasury management systems is preferred.
• Intermediate skills in Microsoft Word and Outlook are required for this position.
• Bachelor’s degree in Accounting, Finance, or Business Administration preferred, or equivalent work experience.
• Intermediate skills in Microsoft Excel including LOOKUP, SUMIF and Power Query functions.
• Detail-oriented with strong analytical and problem-solving skills.
• Excellent communication and organizational skills and ability to meet deadlines.
• 2–4 years of experience in cash management, transactional accounting, or treasury operations, preferably in an office environment.
• Intermediate skills in Yardi (or comparable general ledger software program) are required for this position.

Benefits

We are a drug-free workplace. Pre-employment background checks and drug screening is performed on all new hires, in accordance with applicable laws and regulations.

Hourly Pay Range: $32-$35. This position is eligible to participate in the company’s annual discretionary bonus program.

This position is eligible as an internal promotion opportunity.

• Paid Parental Leave
• Participation in the company 401(k) plan with a company match
• Company-paid short-term and long-term disability
• Sick time
• Vacation Time, Nine Paid Holidays, Three floating holidays per year
• Company-paid life insurance equaling your annual base salary
• Tuition reimbursement opportunity
• Daily Cash Operations
• Medical/Dental/Vision insurance (PPO)

Training + Development

Interview process

Visa Sponsorship

Security clearance