Private Equity Cash Associate-Contract-Newport Beach in Newport Beach, CA at Vaco

Date Posted: 6/27/2019

Job Snapshot

Job Description

Our financial services client in the Newport Beach area is currently seeking a Cash Associate to join their team on a consulting basis.

ABOUT THE ROLE
The Cash Desk is responsible for managing cash in client accounts. The team works closely with the Portfolio Management Group to determine cash needs and either invests excess cash or raises cash to facilitate purchases. The Cash Desk has direct interaction with Portfolio Managers, Account Managers, Clients, State Street IMS, and Custodian Banks.

RESPONSIBILITIES
Key responsibilities include, but are not limited to:
* Monitor the cash management process with its multiple adjustments and iterations throughout the day
* Work with the Short Term traders to ensure accurate investment of excess cash and execution of the necessary funding actions for cash shortfalls and liquidity raising
* Review ways to enhance current reports and tools through increased automation
* Generate and analyze daily management and audit reports for Cash Flow Reporting and Cash Forecasting
* Work with Clients, Account Managers, and Portfolio Management Group in regards to client directed cash contributions and withdrawals
* Recognize areas of potential risks within the current processes and procedures and make necessary changes to mitigate those risks
* Work with custodians and accounting group in reconciling cash balances and resolving discrepancies
* Provide accurate and timely responses to the multiple ad hoc queries we receive daily from diverse internal and external stakeholders

POSITION REQUIREMENTS
* Bachelor's Degree required, preferably within a major in Business, Finance, or Economics
* Minimum 2 years of professional experience within Financial Services, Asset Management, Operations or Accounting
* Intermediate Microsoft Excel skills (e.g., v-Lookup, formulas, writing/running macros, VBA)
* Strong accuracy and attention to detail

PREFERRED QUALIFICATIONS
* Prior cash management experience desirable
* Understanding of trade flow and trade processing

Job Requirements

POSITION REQUIREMENTS • Bachelor’s Degree required, preferably within a major in Business, Finance, or Economics • Minimum 2 years of professional experience within Financial Services, Asset Management, Operations or Accounting • Intermediate Microsoft Excel skills (e.g., v-Lookup, formulas, writing/running macros, VBA) • Strong accuracy and attention to detail PREFERRED QUALIFICATIONS • Prior cash management experience desirable • Understanding of trade flow and trade processing