Cash Management Specialist

The Inland Real Estate Group of Companies • Oak Brook, IL

87d • $32 - $35

About The Position

The Cash Management Specialist is responsible for executing and monitoring daily cash operations with a strong emphasis on transactional accounting. This role ensures accurate and timely processing of cash-related transactions, supports reconciliation activities, and contributes to the integrity of financial reporting. The Cash Management Specialist has a general understanding of accounting principles, banking operations, and treasury systems.

Requirements

• Bachelor’s degree in Accounting, Finance, or Business Administration preferred, or equivalent work experience.
• 2–4 years of experience in cash management, transactional accounting, or treasury operations, preferably in an office environment.
• Intermediate skills in Microsoft Excel including LOOKUP, SUMIF and Power Query functions.
• Intermediate skills in Microsoft Word and Outlook are required for this position.
• Intermediate skills in Yardi (or comparable general ledger software program) are required for this position.
• Detail-oriented with strong analytical and problem-solving skills.
• Excellent communication and organizational skills and ability to meet deadlines.
• Experience with bank portals & treasury management systems is preferred.

Responsibilities

• Demonstrates highest standards of personal and professional integrity, adheres to company’s policies and procedures, and complies with applicable laws, government rules and regulations.
• Monitor and manage daily cash positions across multiple bank accounts.
• Initiate and record electronic payments including wire transfers, ACH payments, Taxing authority websites and other disbursements.
• Ensure timely and accurate posting of cash transactions in the general ledger.
• Initiates stop payments and records related entries to void transactions in the general ledger.
• Codes invoices in Yardi Procure to Pay and determines the appropriate cash account and general ledger coding to be used.
• Assist in research and resolution of daily and monthly bank reconciliation issues.
• Reviews and maintains daily cash log of unrecorded transactions.
• Record and reconcile cash receipts, disbursements, and intercompany transfers.
• Records entries to the general ledger to capture GL offsets to cash on the appropriate entity levels.
• Initiates and records funding transactions related to investor distributions.
• Records monthly investor distribution payments.
• Assist in month-end close processes related to cash and banking activities.
• Opens and closes sub accounts at banks with escrow account services.
• Provide daily sub account allocations to banks with escrow account services.
• Reviews and initiates decisions for check and ACH positive pay issue at multiple banks.
• Assist in implementing cash management tools and automation initiatives.
• Support internal audits and compliance with company policies and other regulatory requirements.
• Runs month end transaction reports for recording of interest income and fees.
• Provide support for treasury reporting and ad hoc financial analysis.
• Identify and resolve discrepancies in cash transactions and accounting entries.
• Other projects and duties as assigned.

Benefits

• Medical/Dental/Vision insurance (PPO)
• Participation in the company 401(k) plan with a company match
• Vacation Time, Nine Paid Holidays, Three floating holidays per year
• Sick time
• Tuition reimbursement opportunity
• Company-paid life insurance equaling your annual base salary
• Company-paid short-term and long-term disability
• Paid Parental Leave

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees