Treasury Analyst Lead

Overview

This role is responsible for account management and reconciliation within Treasury, ensuring accurate data, identifying and implementing process improvements, and providing timely status updates. The position also supports broader Treasury functions, including cash management and investment-related reconciliation activities.

Responsibilities

• Perform monthly reconciliation of corporate bank and general ledger accounts, including related research and adjustments.
• Reconcile multiple corporate bank and general ledger accounts using an automated reconciliation program or Excel.
• Import bank account activity from various banks and general ledger activity from multiple systems for reconciliation purposes.
• Research outstanding items on bank reconciliations; make adjusting journal entries or request bank transfers as needed.
• Coordinate with banks to resolve issues (e.g., user access, positive pay files, reconciliation issues).
• Send weekly reports on the status of cash position to company leaders, including variance analysis.
• Contribute to automating reconciliation processes and implement consistency with the bank reconciliation process.
• Track outstanding checks, communicate status to preparing departments, coordinate clearing from the outstanding list, and transfer to escheatment reports as necessary.
• Process voided and stopped checks.
• Work with banks to obtain bank statements via bank portal or email.
• Assist with journal entry preparation and monthly reconciliation for several investment brokerage accounts.
• Support Financial Analysts with detailed investment schedules documenting purchases, sales, and realized/unrealized gains to support the investment roll forward.
• Perform all tasks related to Unclaimed Property, including researching money due the organization’s entities, filing state reports, and applying incoming recouped funds.
• Perform all tasks related to Escheatment, including researching requirements and filing appropriate paperwork and funds within the timeline permitted.
• Attend training sessions and work closely with Treasury management and the V.P. of Treasury to learn and back up other Treasury functions as needed.
• Conduct regular testing and troubleshooting of key department software such as Workday.
• Support cash balance forecasting one month out and communicate updates to relevant departments.
• Identify, communicate, and process intercompany monthly.
• Support month-end duties and ensure tasks are completed timely.
• Review and analyze bank fees for potential cost savings.
• Identify opportunities to improve processes by streamlining and automating tasks to reduce manual intervention and decrease the potential for manual errors.
• Communicate loan payments, facilitate overnight trading, approve settlements, facilitate reconciliation of daily bank activity, and support other day-to-day Treasury tasks as needed.
• Collaborate with other departments to ensure processes are working and improve as necessary (e.g., cash posting/reconciliation, automation, AP requests, reporting).
• Perform other duties as assigned.

Requirements (Minimum)

• Minimum of an Associate’s degree in Accounting, Finance, Banking or related field of study from an accredited four-year college or university. Bachelor’s degree preferred.
• Minimum of five (5) years of experience in banking, treasury, ACH, general ledger, account reconciliation, or related.
• Excellent problem-solving skills and the ability to work an issue independently from start to finish.
• Good understanding of general ledger accounting and ability to research historical transactions.
• Working knowledge of general accounting principles, ACH regulations, and journal entry.
• Working knowledge of personal computers, including MS Word, Excel, and the Internet.
• Excellent interpersonal and organizational skills.
• Strong analytical skills, attention to detail, and ability to multitask.
• Ability to understand existing controls, ensure processes are followed as designed, and immediately escalate exceptions not aligned with established process.
• Self-motivated and able to work independently whether working in the office or remotely.
• Able to travel locally.
• Able to sit for long periods of time gathering, updating, and validating accounting transactions.

Preferred Qualifications

• Bachelor’s degree preferred.

Compensation & Benefits

• Competitive overall compensation package
• Work/Life balance
• Employee engagement activities and recognition awards
• Years of Service awards
• Career enhancement and growth opportunities
• Leadership Academy and Mentor Program
• Continuing education and career certifications
• Variety of healthcare coverage options
• Traditional and Roth 401(k) retirement plans
• Lucrative Wellness Program

Additional Information

• Substance-Free Workplace: pre-employment drug testing required.
• Tobacco use: not hired as allowed by law.

Location

• Local travel required.