Cash Management Specialist

Are you a detail-oriented accounting professional who enjoys solving problems, managing high-volume transactions, and ensuring financial accuracy? Join our team as a Cash Management Specialist, where you'll play a critical role in daily cash operations, bank reconciliations, treasury activities, and transactional accounting across multiple entities and banking platforms.

This is an excellent opportunity for someone with a strong accounting foundation who enjoys working at the intersection of cash management, treasury operations, and financial reporting.

What You'll Do

Daily Cash Operations

• Monitor and manage daily cash positions across multiple bank accounts.
• Initiate and record electronic payments, including wire transfers, ACH transactions, tax payments, and other disbursements.
• Create and maintain taxing authority profiles.
• Ensure timely and accurate recording of cash transactions in the general ledger.
• Process stop payments and related accounting entries.
• Determine appropriate cash accounts and general ledger coding for invoice processing.
• Manage and process requests through the company's internal cash management platform.

Transactional Accounting

• Research, resolve, and record bank reconciliation items.
• Maintain daily cash logs and review unrecorded transactions.
• Record and reconcile cash receipts, disbursements, and intercompany transfers.
• Prepare general ledger entries and cash-related accounting adjustments.
• Analyze cash positions and process funding transactions associated with investor distributions.
• Record monthly investor distribution payments.
• Support month-end close activities related to cash and banking transactions.
• Prepare monthly cash transaction and investor sales reconciliation reports.

Treasury Operations

• Open and close bank subaccounts and escrow-related accounts.
• Allocate daily cash transactions across multiple banking relationships.
• Review positive-pay exceptions and determine when to approve, escalate, or halt potentially suspicious transactions.
• Implement and maintain positive-pay rules across banking platforms.
• Collaborate with internal teams on treasury automation and process improvements.
• Support audits by preparing documentation and responding to requests.

Reporting & Analysis

• Prepare month-end reports for interest income and banking fees.
• Generate treasury reports and perform ad hoc financial analysis.
• Investigate and resolve discrepancies in cash transactions and accounting records.

Process Improvement & Compliance

• Create and maintain process documentation and procedures.
• Identify opportunities to streamline cash management and accounting processes.
• Ensure compliance with internal controls, company policies, and audit requirements.
• Assist with additional projects and responsibilities as assigned.

What You Bring

Education

• Bachelor's degree in Accounting, Finance, Business Administration, or equivalent related experience required.

Experience

• 2-4 years of experience in cash management, treasury operations, transactional accounting, or a related finance function.
• Experience managing bank reconciliations and high-volume cash transactions.
• Exposure to multi-entity accounting environments is a plus.

Technical Skills

• Intermediate Microsoft Excel skills, including:
  • VLOOKUP/XLOOKUP
  • SUMIF/SUMIFS
  • Power Query
• Intermediate proficiency in Microsoft Word and Outlook.
• Experience with Yardi or comparable general ledger/accounting software.
• Familiarity with banking portals and treasury management systems.

Key Competencies

• Strong understanding of accounting principles related to cash and banking activities.
• Excellent analytical and problem-solving abilities.
• Exceptional organizational skills and attention to detail.
• Ability to prioritize multiple deadlines in a fast-paced environment.
• Strong judgment and decision-making skills.
• High level of integrity and commitment to confidentiality.