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Treasury Analyst in Memphis at Vaco

Date Posted: 3/13/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Memphis
  • Job Type:
  • Experience:
    3 to 5 years
  • Date Posted:
    3/13/2019
  • Job ID:
    TREAS14996

Job Description

Vaco has a client in the real estate industry that is looking for a Treasury Analyst. This position reports to the Treasury Cash Manager and prepares the daily bank reporting. You will be responsible for monitoring property deposits and making daily deposit reports; preparing ACH's, wires and book transfers daily; managing various banking functions such as petty cash and credit card programs, positive pay files, stop payments and corporate bank deposits.

Duties and Responsibilities

  • Manages corporate travel and expenses (T&E) and property petty cash credit card programs. Interprets policies and applies discretion to the adjustment of credit limits and ensures appropriate approvals are obtained. Adds and removes cardholders as function of employment status. Works with cardholders and banks to research and resolve fraudulent activity on T&E and petty cash cards.
  • Manages various electronic rent payment portals to include user administration, resident payment reversals, voids and charge backs.
  • Assists with all annual lender-required property inspections with onsite management, lenders and/or third-party inspectors. Ensures inspections are scheduled and reported deferred maintenance items are resolved. Provides instruction and guidance to on-site management on inspection process and expectations. Tracks and reports on all phases of inspections for each property from initiation to completion.
  • Polls banking institutions daily and prepares related transaction and account balance reports. Uploads Banking Administration Institute (BAI) files to reconciliation software daily for use by Treasury and Accounting. Monitors daily transactions and provides all related supporting details to Accounting. Communicates with banks to resolve issues.
  • Prepares documentation for and initiates ACH's, wires and book transfers as required. Monitors and funds the health insurance accounts weekly.
  • Handles miscellaneous bank functions such as positive pay files, stop payments, rent drafts and bank deposits. Orders new bank deposit slips and stamps for the properties and assists the properties with any daily banking issues. Analyzes banking transactions to ensure accurate and appropriate funding transfers and researches and resolves issues.
  • Prepares security deposit reconciliation report and transfers funds for accounting.
  • Maintains monthly treasury usage records for internal auditors.
  • Assists with the procurement and installation of remote deposit scanners. Coordinates the installation and training process between onsite management, internal and bank help desks.
  • Compiles, scans, and files monthly debt service invoices and updates debt statement schedule accordingly.
  • Assists with the preparation and distribution of quarterly covenant compliance certificates.
  • Distributes quarterly financial statements to lenders and trustees. Ensures distribution lists are accurate and up to date.
  • Performs other related duties as assigned to meet the needs of the business.

Qualifications

  • Bachelor's degree in Finance, Accounting or related field required.
  • Three to five years of professional finance experience required.
  • Banking and/or treasury experience strongly preferred.
  • Knowledge of banking and treasury functions, principles and practices.
  • Knowledge electronic payment methods and various alternatives for collecting and disbursing cash.
  • Quantitative analytical skills and attention to detail.
  • Business and financial acumen.
  • Organizational and process management skills.
  • Written and verbal communication skills, including delivering presentations.
  • Ability to operate independently and collaboratively within a team.
  • Computer skills with Microsoft Office applications (Excel, Outlook, PowerPoint, Word).

REF# 167543