Banking Treasury Associate

2 weeks ago

Champaign, Illinois, United States Midland States Bank Full time

Compensation Range: $22-$30

At Midland States Bank, the base salary is just one aspect of our Total Rewards program. The specific compensation is influenced by various factors such as education, skills, internal equity, and experience. This role also provides additional compensation through short-term incentives (e.g., bonuses and/or commissions) and may include long-term incentives (e.g., stock awards). Benefits for this position encompass comprehensive healthcare, well-being programs, paid family leave, and generous paid time off. Total Rewards also feature banking perks, an Employee Stock Purchase Plan, a 401K plan with company matching, and the potential to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility criteria.

Position Overview

The Treasury Analyst plays a vital role in maintaining operational records and supporting the month-end closing process for designated entities. This position is responsible for overseeing the coordination and reconciliation of daily activities through the Treasury platform, focusing on cash, security, and debt movements for the bank and its holding company. This role is an individual contributor position.

Key Responsibilities

  • Collaborates with team members to efficiently address Treasury inquiries.
  • Prepares and organizes all necessary management and board reports.
  • Manages and monitors bank account balances, including daily reconciliations and cash flow management.
  • Establishes and maintains controls to ensure daily liquidity requirements are met and reconciling items are resolved promptly.
  • Assists in the month-end closing process for assigned entities, ensuring financial results are accurate prior to supervisory review.
  • Facilitates the settlement and reconciliation of payments related to various investments and debt obligations.
  • Acts as the primary contact between safekeeping and bond accounting agents, as well as brokers and dealers.
  • Contributes to projects related to treasury and other financial domains.
  • This role may require occasional travel for training and team meetings, with a willingness to travel as necessary.
  • May necessitate working in a Midland office to foster collaboration and support for internal and external stakeholders.
  • Ensures compliance with all relevant regulations, including but not limited to the Bank Secrecy Act (BSA).
  • Performs other duties as assigned.

Qualifications

Education and Experience:

  • Bachelor's degree in accounting, finance, or a related field.
  • 1-3 years of progressive experience in accounting.
  • Familiarity with fixed income securities and derivative cash flows, settlements, and reconciliations.
  • Excellent oral, written, and interpersonal communication skills.
  • Strong organizational and time management abilities.
  • Meticulous attention to detail.
  • Capability to work independently as well as collaboratively within a team.

Core Competencies:

  • Business acumen
  • Encourages innovation
  • Delivers results
  • Makes informed decisions
  • Represents the brand effectively
  • Collaborates with others
  • Communicates proficiently
  • Focuses on customer needs
  • Demonstrates authenticity
  • Exhibits emotional intelligence
  • Commits to self-development
  • Adapts to change

At Midland States Bank, we believe that bringing our authentic selves to work fosters happiness, comfort, confidence, and enthusiasm in serving our customers, colleagues, and the organization. We are proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate, and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you seek a place to grow, we encourage you to consider opportunities at Midland States Bank, where you belong.


If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT.

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