Maine Staffing
Cash Management Specialist
The Cash Management Specialist accurately and timely prepares reports on daily cash transactions made through Dead River Company accounts for use by senior management in making cash management decisions, and to ensure the integrity of monthly financial statements. Essential functions include: Reviewing the previous day bank statement for transaction activity and preparing journal entries to post banking transactions to the accounting general ledger. Analyzing daily E3 cash activity for all markets for any errors/adjustments and making necessary corrections. Loading activity into the accounting general ledger from the E3 Cash Recon Program. Calculating and preparing the company's daily cash position. Compiling activity from the previous day banking statement, current day banking statement, and payment requests throughout the company to determine forecasted cash position. Reconciling differences between forecasted and actual position and communicating forecast to upper management. Facilitating incoming and outgoing payments through ACH transactions, wires, and other payment methods. Processing monthly budget EFT file, confirming payment files, and performing other file maintenance. Posting customer payments made through the company's lockbox or online payment system for ACH and credit card payments. Researching and resolving any exceptions or discrepancies. Preparing banking deposit for any miscellaneous cash and/or checks received at the corporate location. Utilizing remote deposit scanner to facilitate deposit. Responding to questions from market locations regarding payment transactions, NSF's, LIHEAP, etc. Maintaining and identifying sources of customer payments being returned for insufficient funds or incorrect banking information. Posting activity to customer's accounts and notifying market locations for customer resolution. Posting quarterly bad debt write-offs, recoveries, and adjustments to customer accounts per the instructions from the Credit Team. Preparing various bank account reconciliations as directed by the Manager of Treasury Services. Reviewing market cash over/shorts, researching any discrepancies, and communicating variances to upper management. Researching outstanding accounts payable checks and canceling as requested. Cross trained with other treasury peers to perform all treasury functions. Performing other treasury functions and/or special projects as assigned. Experience: Minimum 2 years of experience working in a banking and/or transactional environment, accounting, or other related field. Other attributes required include fast and accurate data entry skills, strong analytical skills and attention to detail, basic research skills to investigate cash discrepancies, high mathematical aptitude, commitment to maintaining computer systems for accounting control, basic understanding of GAAP and accounting concepts, excellent communication and interpersonal skills, ability to manage multiple priorities and meet daily deadlines, intermediate to advanced MSOffice skills, particularly Excel, and knowledge of GL accounting software such as Epicor. Education: Bachelor's degree in Accounting, Business Administration or a related field or an equivalent combination of education and experience is required.
The Cash Management Specialist accurately and timely prepares reports on daily cash transactions made through Dead River Company accounts for use by senior management in making cash management decisions, and to ensure the integrity of monthly financial statements. Essential functions include: Reviewing the previous day bank statement for transaction activity and preparing journal entries to post banking transactions to the accounting general ledger. Analyzing daily E3 cash activity for all markets for any errors/adjustments and making necessary corrections. Loading activity into the accounting general ledger from the E3 Cash Recon Program. Calculating and preparing the company's daily cash position. Compiling activity from the previous day banking statement, current day banking statement, and payment requests throughout the company to determine forecasted cash position. Reconciling differences between forecasted and actual position and communicating forecast to upper management. Facilitating incoming and outgoing payments through ACH transactions, wires, and other payment methods. Processing monthly budget EFT file, confirming payment files, and performing other file maintenance. Posting customer payments made through the company's lockbox or online payment system for ACH and credit card payments. Researching and resolving any exceptions or discrepancies. Preparing banking deposit for any miscellaneous cash and/or checks received at the corporate location. Utilizing remote deposit scanner to facilitate deposit. Responding to questions from market locations regarding payment transactions, NSF's, LIHEAP, etc. Maintaining and identifying sources of customer payments being returned for insufficient funds or incorrect banking information. Posting activity to customer's accounts and notifying market locations for customer resolution. Posting quarterly bad debt write-offs, recoveries, and adjustments to customer accounts per the instructions from the Credit Team. Preparing various bank account reconciliations as directed by the Manager of Treasury Services. Reviewing market cash over/shorts, researching any discrepancies, and communicating variances to upper management. Researching outstanding accounts payable checks and canceling as requested. Cross trained with other treasury peers to perform all treasury functions. Performing other treasury functions and/or special projects as assigned. Experience: Minimum 2 years of experience working in a banking and/or transactional environment, accounting, or other related field. Other attributes required include fast and accurate data entry skills, strong analytical skills and attention to detail, basic research skills to investigate cash discrepancies, high mathematical aptitude, commitment to maintaining computer systems for accounting control, basic understanding of GAAP and accounting concepts, excellent communication and interpersonal skills, ability to manage multiple priorities and meet daily deadlines, intermediate to advanced MSOffice skills, particularly Excel, and knowledge of GL accounting software such as Epicor. Education: Bachelor's degree in Accounting, Business Administration or a related field or an equivalent combination of education and experience is required.