Corporate Cash Management Specialist

Option Care Health•Bannockburn, IL

2d•$19 - $31

About The Position

The Corporate Cash Management Specialist plays a critical role in supporting the company’s daily liquidity, banking operations, and treasury-related processes. This position is responsible for effective management of cash resources, supporting treasury systems and reporting, maintaining banking infrastructure, and ensuring all functions related to the Cash Management Process are completed accurately and within required time frames. The ideal candidate is detail-oriented, analytical, and comfortable operating in a fast-paced environment where accuracy and timeliness are essential.

Requirements

High School Diploma/GED required.
Strong analytical skills with a high degree of accuracy and attention to detail.
Solid understanding of cash management concepts, bank operations, and payment methods.
Proficiency in Microsoft Excel; preferred experience with Power BI.
Excellent organizational skills, with ability to meet tight deadlines.
Strong communication and interpersonal skills; ability to interact effectively across departments and with banking partners.
Commitment to maintain confidentiality and exercising sound judgment.
2–5 years of experience in treasury, corporate finance, accounting, or banking preferred.

Nice To Haves

BS degree in Finance, Accounting, Business, Economics, or related field preferred.

Responsibilities

Monitor, analyze, and reconcile daily cash positions across all corporate bank accounts.
Prepare regular treasury reports and distribute them to various internal departments.
Prepare and execute daily cash positioning, funding, and internal cash transfers.
Forecast short-term cash needs and report variances to Treasury leadership.
Ensure sufficient liquidity to support operational and strategic requirements.
Participate in projects related to banking structure optimization, payments modernization, or system upgrades.
Assist Treasury leadership with ad hoc analysis, scenario modeling, and strategic initiatives.
Assist in producing short- and long-term cash flow forecasts.
Assist in preparing treasury dashboards, liquidity reports, and management reports.
Analyze cash trends and provide insights on variances and working capital movements.
Ensure adherence to internal controls, SOX requirements, and treasury policies.
Assist with company’s unclaimed property process.
Assist with bank fee analysis and support bank relationship management activities.
Document and continuously improve treasury processes to strengthen operational efficiency and internal controls.
Initiate wire payments, ACHs and fund transfers for the company.
Perform daily treasury functions including remote bank deposits, issuing manual checks and credit card processing.
Maintain user entitlements and control across various banking and credit card platforms.
Support the opening, closing, and modification of corporate bank accounts.
Partners with internal teams to resolve banking issues and support payment-related inquiries.