Job Summary:
- Monitors bank cash balances and general ledger balances throughout the day.
- Moves money between banks as needed, based on firm cash flows.
- Manages bank available cash balances to control the level of earnings credits relative to service charges.
- Invests regulatory customer reserves and excess cash according to Treasury Policy and regulatory specifications.
- Borrows funds intra-day or overnight as needed.
- Makes general ledger entries and/or trade tickets to reflect money movements and investment activity.
- Works closely with high-level bank representatives in resolving issues.
- Coordinates actions with, and provides reports to, Regulatory Reporting.
- Prepares daily reports on reserves, investments, borrowings, rates, and bank balances.
- Maintains up-to-date written procedures.
- Maintains business continuation plan for Cash Management.
- Performs other duties and responsibilities as assigned.
- Accounting concepts, practices and procedures.
- Accrual based accounting practices.
- General ledger accounting software packages or ability to learn specific tasks.
- PeopleSoft payroll system.
- Analyzing financial information.
- Performing mathematical calculations.
- Reconciling bank and general ledger accounts.
- Analyzing and adjusting basic transaction and account balance discrepancies.
- Gathering and compiling information.
- Advance use of word processing, databases and spreadsheets which include macros, modules, and basic VB/SQL coding.
- Read and interpret financial statements.
- Lead meetings and contribute to team efforts by ensuring all relevant information is included in the outcomes.
- Implement changes to standard procedures when required by specific situations and circumstances.
- Work independently, make non-routine decisions and resolve issues.
- Able to make sound decisions within time constraints.
- Communicate effectively, both orally and in writing, with all organizational levels.
- Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment.
- Bachelor’s degree (B.A) in business field, preferably accounting or finance and a minimum of three (3) years’ experience relating to treasury with regard to banking, investing, and borrowing.
- Any equivalent combination of experience, education, and/or training approved by Human Resources.
- SIE required provided that an exemption or grandfathering cannot be applied.
- Series 99, or ability to obtain within 120 days (as required by FINRA), required.
We expect our associates at all levels to:
- Grow professionally and inspire others to do the same
- Work with and through others to achieve desired outcomes
- Make prompt, pragmatic choices and act with the client in mind
- Take ownership and hold themselves and others accountable for delivering results that matter
- Contribute to the continuous evolution of the firm