Cash Management Specialist

Job Title: Cash Management Specialist

Department: Operations

Location: Argent Institutional Trust Company – Atlanta / Birmingham

Last Revision Date: 1/5/24

REPORTING STRUCTURE: Reports to the Bank Operations and Recon Manager who reports to the SVP, Operations Manager.

GENERAL FUNCTION: This position is primarily responsible for providing finance and accounting support to AITC’s Operations team in administering its IRA, custodial and transfer agent accounts. Primary responsibilities include balancing and reconciliation of internal and external operating and sweep bank accounts as well as reconciling customer account positions with various outside third parties. In addition, project work to support new and existing business lines that may require significant independent thinking and self-direction.

MAJOR DUTIES AND RESPONSIBILITIES:

• Gain a comprehensive understanding of the team's processes, relationships, and applications used to support AITC business lines
• Perform daily net settlement, balancing and reconciliation of all operating and sweep cash accounts
• Balance and reconcile cash activity and asset positions with master custodian records
• Provide leadership, cross training, and contribute to overall positive spirit of department
• Provide exceptional customer service to internal and external clients
• Ensure overdrafts and/or reconciling exceptions are researched and resolved in a timely manner
• Escalate aged exceptions based on established standard to responsible party and prepare month-end summary report of aged exceptions for executive review
• Assist with special projects including onboarding of new bank accounts, testing and procedures to support new business, working with vendors on system enhancements for ongoing efficiency, and providing creative solutions and ideas
• Draft and implement desk procedures with periodic review to ensure accuracy
• Provide resolution and/or alternatives to management resulting from internal or external concerns
• Perform other duties as requested

SKILLS & REQUIREMENTS:

• BS, BA Degree or equivalent work experience
• Proficiency with Microsoft Office products, especially Excel. Data model, Xlookup, Vlookup, and Pivot Table experience required, macros experience desirable
• Ability to work under pressure
• Excellent verbal and written communication skills
• Good problem-solving skills
• Extensive knowledge of US Banking regulations desirable
• Knowledge of securities industry and transfer agent regulations desirable
• Prior knowledge of AddVantage, TNET, and Corporate Universe systems a plus, but not required

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to stand, walk, sit, use hands, reach with hands and arms, and talk or hear.