This non-supervisory position is responsible for providing administrative support for banking operations, bank reporting, monitoring balances, and overseeing cash management transactions across all United Companies’ accounts. Ensure analyses, reconciling, payments, forecasting, monitoring and reporting of all treasury/cash management activities and transactions are accurate, efficient, and completed timely. Develop and implement quality improvement initiatives for the company and department.
Job Duties
Cash/Debt/Investment Management
Monitor cash balances across all corporate and affiliate checking accounts to ensure minimum cash balance requirements/optimal cash usage and prepare recommendations for investments based upon investing criteria established by senior management.
Monitor debt balances and track maturity/rollover dates. Make daily recommendations on debt levels determined by daily and projected originations, customer deposits, loan sweep activity, and any other miscellaneous cash activity.
Using Aspire database and periodic communications with the Sales department, develop processes to align debt borrowings with projected funding dates to minimize excess cash deposits and interest costs.
Develop and maintain cash flow/forecasting models to improve cash management efficiencies for the company and its affiliates.
Continuously strive to minimize interest expense and costs associated with the cash management function.
Oversee timely interest and principal payments for all loans and intercompany borrowings.
Reporting and Administration
Assist in preparing monthly bank collateral reporting.
Assist in monthly interest rate hedging analysis and forecasting.
Ensure all checking account and loan statements are received and saved in shared company folder.
Distribute weekly interest rate updates to senior management.
Prepare monthly, quarterly, and ad hoc portfolio reports and analysis, as needed.
Finance/Accounting Support
Prepare monthly interest rate accruals for all United Companies’ loans.
Coordinate with Accounting on the monthly reconciliation to the general ledger debt and cash management balances.
Assist with preparation of the yearly interest expense, interest income, and bank fee budgets for all companies. Additionally, assist as needed with the preparation of the entire ULI & UL, LLC budgets.
Assist with the renewal and/or establishment of loans, credit lines, and cash management accounts through contract analysis.
Assist other departments as it may relate to Corporate Finance or Accounting (e.g. portfolio analysis, audit support).
Quality & Continuous Improvement
Personally commit to quality in all aspects of work.
Provide “World Class Customer Service” for internal and external customers.
Participate in and promote the established Quality Improvement Process (QIP) for continuous improvement.
Participate on teams to research, measure, and correct problems and to strive for process improvement.
Communicate and exemplify the Company’s Mission Statement, Vision Statement, Values, and Philosophy.
Attend at least ten (10) credit hours of training annually to continue development of work-related skills.
Full-Time Employee Benefit Options Include
Health, Dental, & Vision Insurance
401(k) Retirement Savings Plan with Company Match, including Roth option
Flexible Spending Accounts and/or Health Savings Accounts, including potential for company contributions based on annual health risk assessments
Life and Accidental Death & Dismemberment Insurance
Short- and Long-Term Disability Insurance
Supplemental Voluntary Insurance Policies with options for Critical Illness, Hospital Indemnity, and Accidents
Paid Time Off for Vacation, Sick, and Holidays
Employee Assistance Program
This does not necessarily list all responsibilities, duties, requirements, or efforts associated with the job. While this list is intended to be an accurate reflection of the job, the company reserves the right to review and modify as circumstances or business needs require.
Education
Bachelor’s degree in accounting, Finance, Economics or similar related field is minimally required.
Experience
0-2 years of Accounting or Financial Analysis experience is preferred.
0-3 years of Banking or Treasury experience is preferred.
Other Knowledge, Skills, Abilities & Competencies
Knowledge of economic indicators, financial markets, and accounting concepts
Working knowledge of Microsoft Office applications
Strong Microsoft Excel skills
Strong verbal and written communications skills
Ability to perform financial calculations
Ability to effectively multitask
Ability to quantify, use spreadsheets, and perform data manipulation to assist with business decisions
Maintain confidentiality
Seniority level
Entry level
Employment type
Full-time
Job function
Finance and Sales
Industries
Financial Services
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