Cash Management Analyst

Elevance Health • Cincinnati, OH

2d • Hybrid

About The Position

Cash Management Analyst Location: This role requires associates to be in-office 1 - 2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office. Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law. The Cash Management Analyst manages the resources necessary to determine and settle the daily and short-term liquidity position of the company and multiple subsidiaries. How You Will Make an Impact Administers daily cash positioning for the Parent Company and multiple subsidiaries - including obtaining daily bank balances, forecasting expected cash flows, completing cash movements and cash concentration and identifying cash excess or shortage. Anticipates available liquidity while taking float and anticipated receipts/disbursements into consideration. Prepares daily, monthly, quarterly and yearly cash and liquidity forecast projections. Invests excess funds into the appropriate investment instruments. Monthly analysis of account balances and trends for cash optimization. Works closely with others on the team to manage the investment of short-term cash for multiple subsidiaries. Facilitates Treasury payments, Intercompany Settlements, and certain Accounts Payable disbursements (Foreign & Emergency wires) Serves as primary point of contact to internal customers for Treasury related inquiries/research requests. Administers electronic banking access and entitlements for users within the Company. Completes various month-end reports to support finance teams within the Company. Manages reporting functionality within Treasury Workstation and distribution of cash management reports to end-users. Responds to periodic internal/external audit requests.

Requirements

• Requires a BA/BS in Accounting or Finance and minimum of 2 years cash management experience; or any combination of education and experience, which would provide an equivalent background.

Nice To Haves

• Certified Treasury Professional preferred.

Responsibilities

• Administers daily cash positioning for the Parent Company and multiple subsidiaries - including obtaining daily bank balances, forecasting expected cash flows, completing cash movements and cash concentration and identifying cash excess or shortage.
• Anticipates available liquidity while taking float and anticipated receipts/disbursements into consideration.
• Prepares daily, monthly, quarterly and yearly cash and liquidity forecast projections.
• Invests excess funds into the appropriate investment instruments.
• Monthly analysis of account balances and trends for cash optimization.
• Works closely with others on the team to manage the investment of short-term cash for multiple subsidiaries.
• Facilitates Treasury payments, Intercompany Settlements, and certain Accounts Payable disbursements (Foreign & Emergency wires)
• Serves as primary point of contact to internal customers for Treasury related inquiries/research requests.
• Administers electronic banking access and entitlements for users within the Company.
• Completes various month-end reports to support finance teams within the Company.
• Manages reporting functionality within Treasury Workstation and distribution of cash management reports to end-users.
• Responds to periodic internal/external audit requests.

Benefits

• We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees