Treasury Analyst, Cash Management (entry or senior)

Wayne State University•Detroit, MI

3d•Hybrid

About The Position

Wayne State University is searching for an experienced Treasury Analyst, Cash Management (entry or senior) at its Detroit campus location. Wayne State is a premier, public, urban research university located in the heart of Detroit, Michigan where students from all backgrounds are offered a rich, high-quality education. Our deep-rooted commitment to excellence, collaboration, integrity, diversity and inclusion creates exceptional educational opportunities which prepare students for success in a global society. JOB PURPOSE The Treasury Analyst supports the University's banking operations, liquidity management, and reporting. This role requires meticulous attention to detail, strong analytical skills, and the ability to collaborate effectively with internal stakeholders and external financial partners. This position reports to the Associate Director, Cash Management.

Requirements

Bachelor's degree from an accredited college or university in Finance, Accounting, Business Administration, or equivalent combination of education and/or experience.
Entry level (minimum 1 year of job-related experience).
Knowledge of financial systems and Microsoft Excel. Banner experience preferred.
Experience with process improvement initiatives and implementing operational efficiencies.
Excellent analytical skills and ability to interpret complex financial data.
Analytical Skills: Quantitative and qualitative analysis skills to interpret financial data and identify trends.
Financial Systems: Proficiency in using Financial Management Systems (FMS) and spreadsheets (e.g., Excel) for analysis, reporting, and decision-making.
Problem-Solving Skills: Ability to identify financial issues, analyze root causes, and support decision making.
Communication Skills: Clear and effective communication skills to articulate financial concepts and strategies to stakeholders at all levels of the organization.
Continuous Learning: Willingness to stay updated on industry trends, regulatory changes, and advancements in treasury management practices.
Team Collaboration: Experience working collaboratively with cross-functional teams, including finance, accounting, legal, and operational departments.
Master's degree or professional certification (e.g., CTP, CPA) preferred or equivalent combination of education and/or experience.
Experienced (minimum 3 years of job-related experience).
Minimum 3 years of progressive experience in treasury management, with a strong focus on operations, process improvement, and financial analysis.
Payment Systems: Understanding of payment processing systems, including electronic funds transfers (EFT), Automated Clearing House (ACH), and credit card processing.

Nice To Haves

Banner experience preferred.
Master's degree or professional certification (e.g., CTP, CPA) preferred or equivalent combination of education and/or experience.

Responsibilities

Liquidity Management and Cash Operations:
Prepare daily cash position reports to monitor and forecast cash requirements.
Perform cash reconciliations to ensure accuracy and completeness of financial records.
Analyze bank funding needs, recommend, and execute funds transfers as required.
Treasury Transactions and Compliance:
Facilitate processing of banking transactions in accordance with University policies and procedures.
Review payment documents for accuracy and compliance before processing payments. This includes payments for debt service, to custodial banks, tax authorities, and other parties.
Reporting and Compliance
Ensure accuracy and compliance with generally accepted accounting principles (GAAP), University policies, and divisional objectives.
Prepare, analyze, and reconcile treasury financial transactions and reports to Banner FMS (Financial Management System), bank statements, custodian records, and investment manager reports.
Prepare and analyze journal vouchers for cash management and investment transactions.
Support the University's compliance with Payment Card Industry (PCI) standards related to credit card transactions.
Process Improvement and Operational Efficiency
Willingness and ability to participate in cross-training initiatives aimed at developing proficiency across multiple departments within the organization.
Identify opportunities for process improvements within treasury operations and work collaboratively to implement best practices.
Performs other related duties as assigned.
Bank Administration and Relationship Management:
Interact regularly with bank staff to manage banking relationships and ensure efficient services.
Serve as a resource and liaison for staff across the University regarding banking services.
Act as a security administrator for online banking systems used by the Treasury Department.
Support internal and external treasury financial reporting requirements and prepare supporting schedules.
Account for the University's cash pool investments, including financial reporting and analysis.
Prepare fiscal year-end reports, including financial statement footnotes for cash, investments, and debt.
Develop and implement controls to mitigate financial risks and ensure compliance with regulatory requirements.
Drive continuous improvement in treasury policies, procedures, and systems to enhance operational efficiency and effectiveness.