Head of Treasury Reconciliation

isolved•Charlotte, NC

17d•Hybrid

About The Position

Build/support bank account structure to support the needs of the "Direct" business. Specifically manage the cash and liability for all client funded (restricted) bank accounts. Implement and enforce policies to mitigate risk, ensure NACHA compliance, protection from internal/external fraudulent activity and audit controls. This person works closely with the stakeholders to support the Direct client base.

Requirements

Bachelor's degree in business management or Finance or more than 5 years in related field
10 plus years in a Payroll Tax department, preferably with a PEO or Payroll Service company
APA certified - CPP preferred.
The position requires a detail oriented, self-starter who has experience with Adobe Acrobat and Microsoft office products.
Strong customer service skills are essential.
The position also requires strong organizational and communication skills. A strong product, service and technical background is preferred.
Proficient with a 10 key
Ability to Multitask
Able to handle a busy working environment with multiple deadlines.

Responsibilities

Provide Leadership to the Treasury Team (ACH and Reconciliation specialists)
Hiring and terminations
Employee development plans
Performance reviews
Rate increases
Corrective action
Maintain bank account structure and account features to support our business needs.
Ensure staff members have required bank access to perform assigned tasks.
enforce policies to meet KYC requirements, approve clients accordingly.
enforce internal controls to reduce risk/exposure.
Fulfill SOC audit requirements.
Continually evaluate workload and implement process improvements as needed to endure efficiencies.
Ensure these internal controls are enforced across the organization.
Responsible for the monthly reconciliation of all clients funded bank accounts
Isolved people cloud - tax, settlement, OBC, Work Comp, 401k and AP benefits
Benefits - FSA, HSA and Cobra
Build/implement process to import data from multiple payroll platforms to multiple reconciliation applications to capture all system generated transactions with high concentration on data integrity.
Build/implement process to import data from multiple BANK platforms to multiple reconciliation applications to capture all system generated transactions with high concentration on data integrity.
Responsible for reconciling outstanding liabilities to bank balance (daily)
Responsible for reconciling client impounds to tax payments (quarterly)
Responsible for managing outstanding OBC checks to ensure escheatment responsibility is passed on to clients.
Enforce controls to ensure manual (non-system generated) transactions have required documentation.
Actively participate in due diligence
responsible for reconciling/true up of predecessor bank accounts
responsible for transitioning all pending liability from predecessor bank account to isolved bank account.