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Form of workJob Description
True Value Company has an immediate need for a Treasury Analyst. This position will be a hybrid role from our corporate headquarters near O'Hare Airport.
The Treasury Analyst is responsible for supporting the daily cash cycle including downloading reports, balancing accounts, processing payments, and coding transactions. This position is responsible for managing bank accounts, supporting users of various bank portals, confirming bank signers, and assuring accurate documentation.
This position will work closely with Accounting, Accounts Payable, and Retail Finance to provide key inputs and reports for use in monthly, quarterly, and annual financial statements.
The role requires exceptional communications skills. The candidate must demonstrate the ability to establish and maintain strong partnerships both externally with our banking partners and internally across the organization.
Responsibilities: (May perform other duties and responsibilities, as assigned).
1. Manages the daily cash process including balancing bank accounts, coding transactions, preparing wire and ACH transactions, and researching any cash-related issues as they arise.
2. Provides summary detail on daily cash movements to management.
3. Manages borrowings by recommending daily Prime paydowns or borrowings as well as amounts for upcoming SOFR tranches. Maintains borrowing compliance within parameters of credit agreement covenants.
4. Assist Treasury Manager with cash forecasting.
5. Audits all open bank accounts; confirms signers, confirms correct users on all bank systems, and monitors the accuracy of bank documentation.
6. Ensures appropriate controls are in place on all bank accounts (Positive Pay, Check Block, ACH Filter Controls, etc).
7. Develops relationships with bank representatives and work through any bank processing issues as they arise.
8. Reviews bank analysis statements, identifying areas with cost savings opportunities.
9. Assist with Cash Accounting questions and reconciling items. Ad hoc analysis as required.
10. Assist Accounts Payable department with payment status requests, stop payments/voids, and the creation of new wire/ACH payment templates as needed.
11. Ensures accurate and timely pension reporting (fair value) and buy/sell securities in pension.
12. Manages member loan portfolio including coordinating with the Retail Finance team, maintaining accurate loan files, creating statements when requested, drafting loan amendments, and working with accounting to resolve any discrepancies in reporting.
13. Partners with the Tax Department to process payments to various local, state, and federal taxing authorities.
Education & Experience:
· Bachelor’s Degree, preferably in Finance and/or Accounting or equivalent work experience.
· 3-5 years of experience, preferably in Treasury, and/or Finance.
· Advanced knowledge of MS Office (Word, Excel, and PowerPoint).
· Knowledge of various bank applications i.e., Bank of America Cash Pro, PNC Pinnacle.
Licenses & Certifications: Certified Treasury Professional (“CTP”) certification preferred.
Physical Requirements Hearing, Repetitive Motion, Seeing, Sitting, Standing, Talking, Typing, Visual Acuity, Walking
Work Environment: Generally, works in climate-controlled office environment.
Travel: Not required
After seven decades working with independent hardware retailers, today’s True Value is not only a stalwart of the industry, but also has the experience, the relationships, and most importantly the network of independent stores to ensure a long and bright future for the business.
Committed to long-term sustained growth and success, True Value serves more than 4,500 stores worldwide with retail sales in their communities, totaling about $10 billion, with 13 regional distribution centers and approximately 2,500 True Value Associates.
