Arbella Insurance Group
Treasury Analyst
Arbella is committed to building a workplace that's diverse, inclusive, and equitable for everyone. We've created a culture that supports a diverse workplace where all are valued for their talents and are empowered to reach their full potential. It's no wonder our employees have voted Arbella one of the Boston Business Journal's "Best Places to Work" every year since 2009! The Treasury Analyst
has key roles in treasury management and cash management. It is crucial for the individual in this role to understand Arbella's banking products and structure. Due to the high volume of transactions, and therefore exception items, this position requires the individual to act as a liaison between banks and internal departments. On a daily basis the company cash position is managed with the goal of a low average balance without being overdrawn. On a monthly, quarterly and annual basis, this position is responsible for cash flow analysis reports, surplus note approval and payment process, and managing the annual escheatment process. Key Responsibilities: Determine daily cash position, manage bank balances, ensure adequate cash availability
Monitor cash activity, identify and research unusual items
Monitor electronic payment process of corporate concentration cash account including payroll, 401K, reinsurance and other miscellaneous payments
Review and resolve positive pay exceptions on a daily basis (checks improperly presented to bank)
Transfer cash between accounts as necessary including ensuring excess funds are transferred to money market account or custody accounts as appropriate.
Maintain repetitive wire and ach instructions and authorizations
Maintain daily cash records and reconciliation of bank activity
Be a key contributor for One Inc project on the treasury side, and implement new process going forward
Prepares monthly cash flow and analysis, and other analysis as needed (Treasury reporting and analysis will be built out over the next year to meet needs of Arbella management and board)
Possesses a good understanding of bank products and services and their application to Arbella
Possesses an approachable, engaging demeanor and promotes positive customer service in all dealings internally and externally. Acts as liaison between the bank, Finance, and other departments at Arbella. Is able to build and maintain strong relationships with all internal and external contacts.
Manages escheatment process including maintaining outstanding check lists for all bank accounts, sending due diligence letters and filing in accordance with state requirements and deadlines.
Manage surplus note payments and reporting, administer process to obtain approval from DOI
Plan and assist in product implementation and upgrades as needed
Troubleshoot any issues that are brought up regarding cash receipt and disbursement processes. Manage affidavit of forgery process
Administer access to CashPro and other banking websites
Reconcile monthly analysis statement for banking fees and work with bank to obtain credit for any incorrect pricing
Maintain bank documentation and ensure treasury records are in compliance with Arbella's record retention policy
Support internal and external audits as needed
Key Requirements: Bachelors Degree in Accounting or Finance
2 plus years experience in treasury, accounting or finance role
Excellent customer service, communication and collaboration skills
Achieves continuous improvement in the effectiveness and efficiency of the treasury function
Arbella is committed to building a workplace that's diverse, inclusive, and equitable for everyone. We've created a culture that supports a diverse workplace where all are valued for their talents and are empowered to reach their full potential. It's no wonder our employees have voted Arbella one of the Boston Business Journal's "Best Places to Work" every year since 2009! The Treasury Analyst
has key roles in treasury management and cash management. It is crucial for the individual in this role to understand Arbella's banking products and structure. Due to the high volume of transactions, and therefore exception items, this position requires the individual to act as a liaison between banks and internal departments. On a daily basis the company cash position is managed with the goal of a low average balance without being overdrawn. On a monthly, quarterly and annual basis, this position is responsible for cash flow analysis reports, surplus note approval and payment process, and managing the annual escheatment process. Key Responsibilities: Determine daily cash position, manage bank balances, ensure adequate cash availability
Monitor cash activity, identify and research unusual items
Monitor electronic payment process of corporate concentration cash account including payroll, 401K, reinsurance and other miscellaneous payments
Review and resolve positive pay exceptions on a daily basis (checks improperly presented to bank)
Transfer cash between accounts as necessary including ensuring excess funds are transferred to money market account or custody accounts as appropriate.
Maintain repetitive wire and ach instructions and authorizations
Maintain daily cash records and reconciliation of bank activity
Be a key contributor for One Inc project on the treasury side, and implement new process going forward
Prepares monthly cash flow and analysis, and other analysis as needed (Treasury reporting and analysis will be built out over the next year to meet needs of Arbella management and board)
Possesses a good understanding of bank products and services and their application to Arbella
Possesses an approachable, engaging demeanor and promotes positive customer service in all dealings internally and externally. Acts as liaison between the bank, Finance, and other departments at Arbella. Is able to build and maintain strong relationships with all internal and external contacts.
Manages escheatment process including maintaining outstanding check lists for all bank accounts, sending due diligence letters and filing in accordance with state requirements and deadlines.
Manage surplus note payments and reporting, administer process to obtain approval from DOI
Plan and assist in product implementation and upgrades as needed
Troubleshoot any issues that are brought up regarding cash receipt and disbursement processes. Manage affidavit of forgery process
Administer access to CashPro and other banking websites
Reconcile monthly analysis statement for banking fees and work with bank to obtain credit for any incorrect pricing
Maintain bank documentation and ensure treasury records are in compliance with Arbella's record retention policy
Support internal and external audits as needed
Key Requirements: Bachelors Degree in Accounting or Finance
2 plus years experience in treasury, accounting or finance role
Excellent customer service, communication and collaboration skills
Achieves continuous improvement in the effectiveness and efficiency of the treasury function