Treasury Manager

ADAPT Community Network•New York, NY

10d•$70,000 - $80,000

About The Position

This position reports directly to the Assistant Controller. The Treasury Manager is primarily responsible for cash flow planning, analysis, and reporting with enhanced focus on daily cash movement operations. The Treasury Manager maintains retail banking relations for ADAPT Community Network and manages all cash positioning activities. The position requires proactive management of liquidity to ensure operational needs are met while optimizing interest income. The Treasury Manager must exercise independent judgment within established policies and objectives that influence treasury operations.

Requirements

Bachelor’s degree in accounting required. Advanced degree preferred.
Minimum 3 years’ experience in a treasury/cash management function, preferably in the services or not-for-profit industry
Strong computer skills, including solid knowledge of Microsoft Office suite.
Strong analytical skills with recognition of the importance of detail.
Good organizational skills with the ability to multitask.
Ability to read, write, speak, and understand English.
Interpersonal skills necessary to interact effectively with executives, coworkers, employees, auditors, and outside contacts.
Excellent oral and written communication skills.
Experience with General Ledger software and banking systems

Responsibilities

Monitors and reviews all cash and investment account transactions daily to ensure appropriate balances are maintained for ongoing operations.
Executes daily cash positioning and movement between accounts to optimize cash utilization and minimize fees while ensuring sufficient liquidity for operations.
Forecasts short-term and long-term cash requirements and develops strategies to meet those needs.
Manages lines of credit, including initiating drawdowns or repayments with approval of the authorized signers.
Monitors compliance with the terms of lines of credit, especially compliance with periodic payoff requirements.
Works with authorized bank signatories to maintain proper banking access and authority levels following internal control requirements.
Assists with online banking access management under the guidance of authorized signatories.
Maintains authorized signatory documentation for all cash and investment accounts in accordance with Board approval and bank policy.
Coordinates the timely and accurate monthly ACH payments required.
Manages electronic banking relationships and systems, including ACH origination, wire transfers, and remote deposit capture.
Reviews Bank Reconciliations.
Reviews petty cash and household accounts activities, including funding, documentation, and reconciliation
Support and maintain systems for efficient management of resident personal allowance funds.
Implements and maintains strong internal controls for petty cash and resident funds tracking.
Prepares monthly reconciliation reports and resolves discrepancies.
Ensures compliance with agency policies and regulatory requirements for managing petty cash and household accounts
Reviews cash receipts to ensure they are deposited promptly to the correct entity.
Implements and oversees efficient cash collection processes, including lockbox services and electronic payment methods to accelerate cash flow.
Maintains batch control logs for cash deposits through assignment of batch sequences and G/L account offsets to cash.
Prepares cash receipt documentation for review and approval by the Assistant Controller.
Manages government payment programs, including tracking of incoming ACH and check payments.
Ensures proper allocation and recording of payments to appropriate client accounts.
Coordinates benefit payments processing and client allowance disbursements.
Prepares account activity documentation for monthly reconciliation and roll-forward schedule of Investment activity.
Collects and tracks payment with proper documentation.
Prepares intercompany transaction documentation for monthly processing.
Interfaces with external auditors as requested, providing documentation related to cash and investment activity.
Identifies and implements process improvements to enhance cash handling efficiency and control.
Sets a positive example for other employees by complying with all agency policies and procedures.
Develops and maintains policies and procedures related to treasury operations.
Conducts periodic reviews of banking relationships and cash management systems.
Keeps current on cash management trends, technologies, and best practices.
Performs special projects as required or assigned by the Assistant Controller.
Works with Program Management and others to resolve discrepancies