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Cash Management Specialist

3 months ago


Chicago, Illinois, United States Inspira Financial Full time

Take the next step in your journey at Inspira Financial. You will help businesses and individuals thrive today, tomorrow, and into retirement. Become part of a company that is people centric and client obsessed in every interaction; a community of forward-thinking individuals focused on driving results to deliver our mission with an unwavering commitment to integrity. Join us as we strengthen and simplify the health and wealth journey - relentlessly pursuing better outcomes for all. We believe in finding the best talent While some roles are based at one of our office locations, remote roles can sit in any of the following states: AL, AZ, FL, GA, IA, IL, IN, MI, MN, MO, NC, NE, PA, SC, TN, TX, UT, VA and WV. Remote status and role locations are subject to change. Relocation is not provided.
Don't meet every single requirement? Here at Inspira Financial, we believe there is no "perfect" candidate and want to encourage applying even if all the requirements listed aren't met. Our goal is to build an authentic workplace by valuing diversity in our candidates. We work to ensure that our team reflects the diversity of the businesses and clients we serve. We are always looking to expand our growing team with dynamic and enthusiastic individuals. If you enjoy a collaborative, fun environment that champions career development, Inspira Financial is the place for you We look forward to receiving your application Check out this Inspira Financial video to learn more about our company

  • The typical working hours for this position are from 8 a.m. CT to 4:30 p.m. CT.
  • Training for this position is conducted onsite for three months. Following the completion of training, the position transitions to a hybrid rotating schedule.

HOW YOU WILL SOAR:
The Cash Management Specialist will report to the Cash Management Manager in the R&W Operations Department. The Cash Management Department oversees the movement of daily cash activities. This role is responsible for processing all aspects related to incoming and outgoing funding such as checks, wires, ACH, RTP, etc. The Cash Management Specialist will be responsible for, but not limited to executing various money movement functions such as wire file transfer requests, ACH origination files, electronic check deposits and remittance of federal and state withholdings. The incumbent will also be assigned various projects to complete at the request of the Manager, Cash Management.

  • Accurately sort checks and documents by product line and prepare for batch processing
  • Scan images for internal review, and verifies quality of scanned checks and documents
  • Review and monitor check processing reports
  • Execute electronic checks deposits
  • Prepare and Review accuracy of check return letters
  • Facilitate incoming cash funding notifications for wires and ACHs
  • Process wire transfer and ACH file submissions
  • Remit federal and state tax withholding payments
  • Maintain integrity and accuracy in financial transactions and reports
  • Communicate with banking relationships to address any issues and inquiries
  • Ensure that all processing consistently meets established service levels and policies and procedures
  • Record important notes and supporting documentation within the client account portal
  • Manage department email box, including e-fax
  • Manage client inquiries within the Customer Relationship Management Services software
  • Assist in reviewing and creating department policies and procedures
  • Effectively communicate and utilize sound judgement to escalate issues that may require intervention of the Senior Cash Management Specialist or Team Lead
  • Other duties as assigned

IF YOU HAVE SOME OR ALL OF THE FOLLOWING, APPLY:

  • 1-3 years of experience in Banking or related field
  • Bachelor's Degree in Business, Finance or related field
  • Be proactive, analytical, and able to problem-solve and propose resolutions
  • Operate efficiently with a high degree of accuracy
  • Comprehensive working knowledge of all Microsoft products including Teams, Excel, Word, Outlook and PowerPoint
  • Possess excellent verbal and written communication skills
  • Proven ability to prioritize and complete tasks within specified timelines
  • Detail-oriented, organized, and dependable
  • Team player with a positive and flexible attitude
  • Working knowledge of trust accounting systems and Salesforce CRM, preferred
  • Automatic Clearing House (ACH) / Electronic Fund Transfer (Wire) knowledge preferred [List here]

Inspira Financial provides health, wealth, retirement, and benefits solutions that strengthen and simplify the health and wealth journey. With more than 7 million clients, representing over $62 billion in assets, Inspira works with thousands of employers, plan sponsors, recordkeepers, TPAs, and other institutional partners - helping the people they care about plan, save, and invest for a brighter future. Inspira relentlessly pursues better outcomes for all with our automatic rollover services, health savings accounts, emergency savings funds, custody services, and more. Learn more at
We have been recognized for our remarkable growth on lists such as Crain's Fast 50 and Inc. 5000, and for our outstanding workplace culture and benefits with Built In's 2023 Best Places to Work and Gallagher's 2022 Best-In-Class Employer awards.