Treasury Cash Operations Specialist

Five Star Bank•Buffalo, NY

65d•Hybrid

About The Position

Purpose: The Treasury Cash Operations Specialist is essential to ensuring the smooth and secure movement of funds, maintaining accurate cash positions, and supporting daily treasury operations. Essential Functions: Complete the daily cash balance report to project Five Star Bank's Federal Reserve account end-of-day closing balance; ensure all operational accounts are adequately funded. Monitor daily liquidity metrics and distribute reports to management Correspond with the Wire Team to process transfer of funds between Fives Star's Federal Reserve and corresponding accounts. Perform daily and monthly bank reconciliations and resolve discrepancies Support short-term cash forecasting and liquidity planning for the bank's operations Maintain accurate records of cash transactions and treasury activities Prepare and organize all necessary documentation for the purchase and sale settlements of securities. Reconcile monthly principal and interest (P&I) payments for Five Star's Security portfolio, ensuring timely and correct processing. Assist with the setup and maintenance of banking relationships and account documentation Maintain and update all necessary documents and agreements for various bank accounts and credit lines. Collaborate with accounting, loan operations, and branch staff to ensure timely and accurate cash flow Ensure compliance with internal controls, regulatory requirements, and bank policies Prepare reports for senior management on cash positions, liquidity, and treasury metrics Support internal and external audits related to treasury and cash operations Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work. Job Related Qualifications: Required: Education: High School Diploma. Associate degree or bachelor's degree preferred. Prior Experience: 2+ years of experience in banking operations, treasury, or finance Licenses or Accreditation: Any required licenses or accreditation required Competencies: Proficiency with Microsoft Office, intermediate level preferred Familiarity with wire processing systems, ACH networks, and banking platforms Strong attention to detail and commitment to accuracy Ability to work independently and as part of a small, collaborative team Excellent communication and interpersonal skills Demonstrated ability to perform routine and repetitive tasks with consistency, focus, and a high level of accuracy Knowledge of regulatory compliance (e.g., FDIC, OCC, or state banking regulations) Understanding of liquidity management and cash flow forecasting Familiarity with fraud prevention and risk controls in cash operations Physical Requirements: Able to travel: occasionally Extensive computer usage is required. Ability to work: Evenings; Occasionally Benefits: Medical, Dental, and Vision Insurance Health Savings Account Flexible Spending Account(s) Company Paid Life Insurance, Long-Term Disability, and Short-Term Disability Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident Tuition Reimbursement Employee Referral Program Wellness Reimbursement Program Star Volunteer Program Employee Banking and Financial Perks Flexible Hybrid Work Schedule Paid Time Off (PTO) Company Paid Holidays This job description is not exhaustive. The Treasury Cash Operations Specialist may be required to perform other duties as assigned. The expected rate of pay for this position is shown above. Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained. Market and organizational factors are also considered. In addition to your base rate of pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.

Requirements

High School Diploma. Associate degree or bachelor's degree preferred.
2+ years of experience in banking operations, treasury, or finance
Any required licenses or accreditation required
Proficiency with Microsoft Office, intermediate level preferred
Familiarity with wire processing systems, ACH networks, and banking platforms
Strong attention to detail and commitment to accuracy
Ability to work independently and as part of a small, collaborative team
Excellent communication and interpersonal skills
Demonstrated ability to perform routine and repetitive tasks with consistency, focus, and a high level of accuracy
Knowledge of regulatory compliance (e.g., FDIC, OCC, or state banking regulations)
Understanding of liquidity management and cash flow forecasting
Familiarity with fraud prevention and risk controls in cash operations

Responsibilities

Complete the daily cash balance report to project Five Star Bank's Federal Reserve account end-of-day closing balance; ensure all operational accounts are adequately funded.
Monitor daily liquidity metrics and distribute reports to management
Correspond with the Wire Team to process transfer of funds between Fives Star's Federal Reserve and corresponding accounts.
Perform daily and monthly bank reconciliations and resolve discrepancies
Support short-term cash forecasting and liquidity planning for the bank's operations
Maintain accurate records of cash transactions and treasury activities
Prepare and organize all necessary documentation for the purchase and sale settlements of securities.
Reconcile monthly principal and interest (P&I) payments for Five Star's Security portfolio, ensuring timely and correct processing.
Assist with the setup and maintenance of banking relationships and account documentation
Maintain and update all necessary documents and agreements for various bank accounts and credit lines.
Collaborate with accounting, loan operations, and branch staff to ensure timely and accurate cash flow
Ensure compliance with internal controls, regulatory requirements, and bank policies
Prepare reports for senior management on cash positions, liquidity, and treasury metrics
Support internal and external audits related to treasury and cash operations
Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.

Benefits

Medical, Dental, and Vision Insurance
Health Savings Account
Flexible Spending Account(s)
Company Paid Life Insurance, Long-Term Disability, and Short-Term Disability
Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident
Tuition Reimbursement
Employee Referral Program
Wellness Reimbursement Program
Star Volunteer Program
Employee Banking and Financial Perks
Flexible Hybrid Work Schedule
Paid Time Off (PTO)
Company Paid Holidays