Treasury Operations Associate

Overview

The Treasury Operations Associate supports the treasury and banking activity of the American Bible Society and the Faith and Liberty Discovery Center, LLC. Primary duties include lockbox and transaction processing and supporting banking, vendor, and internal relationships. You may also assist in the execution of daily cash management duties for accounts receivable and accounts payable.

Job duties/Responsibilities

    Lockbox Processing: 45%

• Process all local lockbox transactions for ABS and FLDC.
• Deposit checks and cash using remote deposit capture (RDC) software.
• Perform special processing for MICR failed checks, damaged checks, and foreign currency checks.
• Batch and journalize all local lockbox activities for ABS and FLDC.
• Process and reconcile transactions in accordance with internal controls.
• Support bank reconciliation for demand deposit accounts (DDAs).
• Support credit card processing and payment processing services.
• Extract all remittances/donations from marketing appeals and corporate mail.

    Transaction Processing: 25%

• Review daily treasury reports and identify actionable items, including positive pay decisions.
• Prepare weekly reconcilement and journaling for FLDC’s cash tickets and merchandize sales.
• Create spreadsheet journals for donations, endowment income distributions, royalties, employee reimbursements, miscellaneous cash flows and bank reconciliation adjustments.
• Process intercompany transfers between ABS and FLDC as directed. 
• Enter weekly Fedwire transfers as well as single ACH payments as directed.
• Generate monthly trial balance and perform variance analysis for accuracy and data integrity.
• Support month-end close by assisting with research and reclasses as directed.
• Prepare credit card adjustments for online donations as directed.

     Banking, Caging Vendor and Ministry Advancement (MA) Relations:  20%

• Maintain positive banking relationship with the treasury services at depository banks.
• Support the bank account management during the onboarding and offboarding process.
• Maximize the treasury portal’s dashboard for timely reporting and effective communication.
• Maintain positive relationship with ABS’s caging vendor to effectively process inbound donations.
• Attend weekly meetings with caging vendor and relationship marketing team to provide feedback on the workflow and provide positive recommendations for improvement.
• Support the Customer Relationship Management (CRM) workflow for accuracy and data integrity.
• Provide daily cash receipts email to data team within two business days of deposit and respond to exceptions promptly.
• Communicate large gifts promptly to expedite the acknowledgement process.
• Respond promptly to MA’s request for gift adjustments or research.

     Other Responsibilities 10%

• Assist with the daily cash positioning for ABS and FLDC.
• Assist with adjusting credit holds for accounts receivable when needed.
• Assist with the transactions for the mineral rights royalty program.
• Support MA’s fiscal year and calendar year gift processing testing for tax/audit purposes.

Essential Skills/Traits

• Excellent communication and interpersonal skills
• Excellent organization and critical thinking skills.
• Ability to work collaboratively and independently.
• Ability to quickly grasp and understand transaction workflows.
• Ability to apply finance and treasury principles.
• MS office suite (must have intermediary Excel skills)
• Knowledge of banking industry and treasury platforms.
• Proficiency in general accounting principles.
• Knowledge of the Check Clearing for the 21st Century Act.
• Knowledge of Regulation E procedures for electronic funds transfers (EFTs).
• Knowledge of Payment Card Industry Data Security Standard (PCI DSS) protocol.
• Knowledge of Personal Identifiable Information (PII) protocols.

Required Qualifications

• Bachelor’s degree in accounting, business administration, economics, finance, or related field required.
• 3+ years of accounting or financial services experience.
• Retail banking/operations experience a plus.
• Prior teller or retail banking experience (a big plus).
• Accounting systems and Treasury software experience (a big plus).