Cash Management Specialist

The Inland Real Estate Group of Companies•Downers Grove, IL

1d•$61,094 - $73,367•Onsite

About The Position

Are you a detail-oriented accounting professional who enjoys solving problems, managing high-volume transactions, and ensuring financial accuracy? Join our team as a Cash Management Specialist, where you'll play a critical role in daily cash operations, bank reconciliations, treasury activities, and transactional accounting across multiple entities and banking platforms. This is an excellent opportunity for someone with a strong accounting foundation who enjoys working at the intersection of cash management, treasury operations, and financial reporting.

Requirements

Bachelor's degree in Accounting, Finance, Business Administration, or equivalent related experience required.
2-4 years of experience in cash management, treasury operations, transactional accounting, or a related finance function.
Experience managing bank reconciliations and high-volume cash transactions.
Intermediate Microsoft Excel skills, including: VLOOKUP/XLOOKUP, SUMIF/SUMIFS, Power Query
Intermediate proficiency in Microsoft Word and Outlook.
Experience with Yardi or comparable general ledger/accounting software.
Familiarity with banking portals and treasury management systems.
Strong understanding of accounting principles related to cash and banking activities.
Excellent analytical and problem-solving abilities.
Exceptional organizational skills and attention to detail.
Ability to prioritize multiple deadlines in a fast-paced environment.
Strong judgment and decision-making skills.
High level of integrity and commitment to confidentiality.

Nice To Haves

Exposure to multi-entity accounting environments is a plus.

Responsibilities

Monitor and manage daily cash positions across multiple bank accounts.
Initiate and record electronic payments, including wire transfers, ACH transactions, tax payments, and other disbursements.
Create and maintain taxing authority profiles.
Ensure timely and accurate recording of cash transactions in the general ledger.
Process stop payments and related accounting entries.
Determine appropriate cash accounts and general ledger coding for invoice processing.
Manage and process requests through the company's internal cash management platform.
Research, resolve, and record bank reconciliation items.
Maintain daily cash logs and review unrecorded transactions.
Record and reconcile cash receipts, disbursements, and intercompany transfers.
Prepare general ledger entries and cash-related accounting adjustments.
Analyze cash positions and process funding transactions associated with investor distributions.
Record monthly investor distribution payments.
Support month-end close activities related to cash and banking transactions.
Prepare monthly cash transaction and investor sales reconciliation reports.
Open and close bank subaccounts and escrow-related accounts.
Allocate daily cash transactions across multiple banking relationships.
Review positive-pay exceptions and determine when to approve, escalate, or halt potentially suspicious transactions.
Implement and maintain positive-pay rules across banking platforms.
Collaborate with internal teams on treasury automation and process improvements.
Support audits by preparing documentation and responding to requests.
Prepare month-end reports for interest income and banking fees.
Generate treasury reports and perform ad hoc financial analysis.
Investigate and resolve discrepancies in cash transactions and accounting records.
Create and maintain process documentation and procedures.
Identify opportunities to streamline cash management and accounting processes.
Ensure compliance with internal controls, company policies, and audit requirements.
Assist with additional projects and responsibilities as assigned.