Treasury Manager

Bernstein Management Corporation

1d•$115,000 - $140,000

About The Position

Bernstein Management Corporation (BMC) has been a regional leader in real estate management for 70 years. BMC's investment affiliate is a fully discretionary, private real estate fund with assets valued at over $2.0 billion, low leverage and significant capacity to make additional investments. Focusing exclusively on the Washington D.C. metropolitan area, the portfolio currently includes 90 properties representing over 5,800 residential units and 4.0 million square feet of commercial space including office, retail and industrial assets. BMC's team of over 250 industry professionals manage the portfolio with a hands-on, vertically integrated approach. For more information, visit bmcproperties.com. Role Overview The Treasury Manager takes the lead position in all cash management including ensuring that all cash items are recorded on a timely basis, accounts are properly reconciled, and appropriate safeguards are implemented both internally and with banks. This is a leadership role that involves strategic planning, risk mitigation, and strong oversight of daily operations. The Treasury Manager plays a critical role in support of executive decision making and as such must be comfortable working with all levels of the business.

Requirements

5+ years progressive experience in finance and financial accounting from treasury to general ledger to financial statement preparation.
Strong analytical and problem-solving skills with attention to detail.
Experience in administration and operation of banking platforms and other related financial 3rd party platforms such as Concur, Nexus, Yardi, etc.
Proficient in Microsoft Outlook, Excel and Word.
Strong written and verbal communication skills; comfortable working with stakeholders at all levels.
Self-starter who can manage multiple priorities and deliver results in a fast-paced environment.
5+ years of experience leading, mentoring, and motivating a team.
Bachelor's degree in Accounting, Finance, or related field.

Nice To Haves

Yardi (property management accounting software) experience strongly preferred.
Professional certifications such as CTP and/or CPA are preferred.
Experience in a multi-entity environment with intercompany transactions.
Real estate or financial services industry knowledge and experience.

Responsibilities

Develop and maintain short and long-term cash flow forecasts for operating and management entities on a weekly and monthly basis.
Oversee daily operations and reporting including cash positioning, cash pooling, and managing intercompany funding, ensuring sufficient liquidity for operations and investments.
Optimize working capital through effective cash management strategies and manage excess operating cash to maximize returns while maintaining liquidity.
Prepare Weekly, Monthly and Annual Cash Flow Projections
Assist with Preparation of Annual Budgets Associated with Service Companies
Review Monthly Operating Reports for Service Companies
Manage strong relationships with banks and other financial institutions, including opening and closing bank accounts, maintaining certificates of deposits, and negotiating best rates.
Oversee the implementation of treasury management systems, ensuring seamless integration with Yardi system and efficient processing of financial transactions.
Prepare and review transfer and funding requests as needed.
Establish and enforce internal control frameworks, including all necessary segregation of duties and dual authorizations, and ensuring compliance with policies and regulations.
Review monthly bank, security deposit, and tenant refund reconciliations.
Oversee company credit card program including adding or removing cards, adjusting credit limits, and monitoring card activity.
Responsible for management and oversite of all monthly, quarterly, and annual lender reporting.
Lead, mentor, and develop treasury team members.
Enter journal entries and review/post entries prepared by others, ensuring compliance with appropriate accounting methods.
Maintain and periodically update policy and procedure manuals for key financial processes and evaluate improvements as necessary.
Perform other duties as trained for and are qualified to do.
Complete ACH authorization forms for tenant deposits and lender debits.
Oversight of Concur platform, including managing the connection to the company credit card program and liaising with Accounts Payable team for payment.
Support BMC teams and business partners with credit applications and references.