Senior Connex Treasury Analyst - Remote

Velera

2d•Remote

About The Position

Join the People Helping People Velera is the nation’s premier payments credit union service organization (CUSO) and an integrated fintech solutions provider. The company serves more than 4,000 financial institutions throughout North America, operating with velocity to help our clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Our purpose: We accelerate partners’ success through innovative financial technology solutions and inspired service. The Opportunity The Senior Treasury Connex Analyst is responsible for the Treasury functions for Connex. The incumbent will be the primary owner of daily cash position for the Connex bank accounts, analysis of cash, Connex daily/monthly cash position. The individual will assist the manager in providing guidance and managerial advice to the all levels of management regarding corporate cash and prefund strategies. They will be responsible for the daily booking of settlement entries and reviewing balance sheet accounts to ensure proper booking of settlement activities. They will be responsible for reviewing daily bank activity to ensure that there is adequate prefund and work with the team on making changes to factors throughout the year. Along with that, they will work with the Concourse system and data mine data, use reporting for the team to analyze, book any accounting entries/banking movement Day in the Life Manage, analyze, review, compile and create the daily, cash position for Connex platform. Suspense account reconciliation (bank/book) to ensure items are clearing. Assist accounting in reconciling suspense accounts and ensure timely clearing. Manage and analyze the daily, monthly cash flow position for the purpose of assisting in the investing of excess strategy for the Connex platform to maximize investment yield while maintaining safety and soundness according to policies set by the Board of Directors. Ensuring accounting entries are recorded properly in accordance with GAAP. Daily prefund analysis to ensure we have adequate working capital for settlement. Assist with Concourse system integration, developing reporting to be utilized for forecasting passthroughs, interchange and other expenses. Audit -Treasury functions including general ledger posting, explanations and bank confirmations. Develop and maintain documentation of all processes within the Connex Treasury organization. Assist management leadership in closing general ledger on a monthly basis; research and resolve complex and critical issues involving departmental processes and procedures. Ensuring proper billing of pass-thru revenue and suspense account activity. Maintain Quality Assurance through review of procedures and practices, and execute process improvements to minimize financial liability. Interact professionally with Connex external/internal customers e.g.(Visa/MC/Star/NYCE/Pulse, FIs,) in order to continuously improve service standards and ongoing relations. Perform other duties as assigned.

Requirements

Bachelor's Degree in Accounting or Finance required or equivalent experience.
Seven (7) years experience in either Accounting or general Financial operations.
General knowledge of investment/cash flow and 3 years Industry Knowledge.
Must have experience in data mining, data warehouse, Access, Excel and Reporting.

Responsibilities

Manage, analyze, review, compile and create the daily, cash position for Connex platform.
Suspense account reconciliation (bank/book) to ensure items are clearing.
Assist accounting in reconciling suspense accounts and ensure timely clearing.
Manage and analyze the daily, monthly cash flow position for the purpose of assisting in the investing of excess strategy for the Connex platform to maximize investment yield while maintaining safety and soundness according to policies set by the Board of Directors.
Ensuring accounting entries are recorded properly in accordance with GAAP.
Daily prefund analysis to ensure we have adequate working capital for settlement.
Assist with Concourse system integration, developing reporting to be utilized for forecasting passthroughs, interchange and other expenses.
Audit -Treasury functions including general ledger posting, explanations and bank confirmations.
Develop and maintain documentation of all processes within the Connex Treasury organization.
Assist management leadership in closing general ledger on a monthly basis; research and resolve complex and critical issues involving departmental processes and procedures.
Ensuring proper billing of pass-thru revenue and suspense account activity.
Maintain Quality Assurance through review of procedures and practices, and execute process improvements to minimize financial liability.
Interact professionally with Connex external/internal customers e.g.(Visa/MC/Star/NYCE/Pulse, FIs,) in order to continuously improve service standards and ongoing relations.
Perform other duties as assigned.