Senior Manager Cash Reconciliation

AvalonBay Communities

34d

About The Position

AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term. Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work. The Role AvalonBay is seeking a Senior Manager of Cash Reconciliation to lead a high-performing team responsible for reconciling bank and escrow accounts across the organization. This is a strategic leadership role focused on ensuring accurate financial reporting, driving process improvements, and enhancing banking system architecture in collaboration with cross-functional teams.

Requirements

• Associate’s Degree in Finance, Accounting, or related field (Bachelor’s preferred)
• 7+ years of relevant experience in cash reconciliation or financial services
• Proven leadership and team development experience
• Strong knowledge of GAAP and internal controls
• Proficiency in Cadency or similar reconciliation systems
• Advanced skills in Excel, Word, MRI, and Salesforce
• Excellent communication and cross-functional collaboration skills
• Strong analytical, organizational, and time management abilities

Nice To Haves

• Completion of Cadency Certification Course

Responsibilities

• Set strategic goals for the Cash Reconciliation team and align them with broader Financial Services objectives.
• Lead and develop a team of specialists through recruiting, training, coaching, and performance management.
• Oversee monthly reconciliations of bank, escrow, and petty cash accounts, ensuring resolution of discrepancies.
• Partner with Accounts Payable, Payment Services, and other departments to streamline workflows and improve system architecture.
• Manage the Cadency system including workflow setup, rule configuration, upgrades, and vendor relationships.
• Monitor cash activity, approve bank transfers, and ensure compliance with internal controls and GAAP.
• Drive process improvements and document procedures, policies, and controls.
• Support internal and external audits related to cash activity.
• Analyze corporate payroll accounts and prepare journal entries as needed.

Benefits

• Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more.
• Growth based on achievement and promotion from within.
• Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
• A 20% discount on our incredible apartment homes.
• A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree