Cash Management Specialist

1 week ago

Oak Brook, IL, United States The Inland Real Estate Group LLC Full time

The Cash Management Specialist is responsible for executing and monitoring daily cash operations with a strong emphasis on transactional accounting. This role ensures accurate and timely processing of cash-related transactions, supports reconciliation activities, and contributes to the integrity of financial reporting. The Cash Management Specialist has a general understanding of accounting principles, banking operations, and treasury systems.

CORE RESPONSIBILITIES:

  • Demonstrates highest standards of personal and professional integrity, adheres to company's policies and procedures, and complies with applicable laws, government rules and regulations.
  • Daily Cash Operations
    • Monitor and manage daily cash positions across multiple bank accounts.
    • Initiate and record electronic payments including wire transfers, ACH payments, Taxing authority websites and other disbursements.
    • Ensure timely and accurate posting of cash transactions in the general ledger.
    • Initiates stop payments and records related entries to void transactions in the general ledger.
    • Codes invoices in Yardi Procure to Pay and determines the appropriate cash account and general ledger coding to be used.
  • Transactional Accounting
    • Assist in research and resolution of daily and monthly bank reconciliation issues.
    • Reviews and maintains daily cash log of unrecorded transactions.
    • Record and reconcile cash receipts, disbursements, and intercompany transfers.
    • Records entries to the general ledger to capture GL offsets to cash on the appropriate entity levels.
    • Initiates and records funding transactions related to investor distributions
    • Records monthly investor distribution payments
    • Assist in month-end close processes related to cash and banking activities.
  • Treasury Support
    • Opens and closes sub accounts at banks with escrow account services.
    • Provide daily sub account allocations to banks with escrow account services.
    • Reviews and initiates decisions for check and ACH positive pay issue at multiple banks.
    • Assist in implementing cash management tools and automation initiatives.
    • Support internal audits and compliance with company policies and other regulatory requirements.
  • Reporting & Analysis
    • Runs month end transaction reports for recording of interest income and fees
    • Provide support for treasury reporting and ad hoc financial analysis.
    • Identify and resolve discrepancies in cash transactions and accounting entries.
  • Other projects and duties as assigned
QUALIFICATIONS:

Education:
  • Bachelor's degree in Accounting, Finance, or Business Administration preferred, or equivalent work experience.
Experience:
  • 2-4 years of experience in cash management, transactional accounting, or treasury operations, preferably in an office environment.
Skills:
  • Intermediate skills in Microsoft Excel including LOOKUP, SUMIF and Power Query functions.
  • Intermediate skills in Microsoft Word and Outlook are required for this position.
  • Intermediate skills in Yardi (or comparable general ledger software program) are required for this position.
  • Detail-oriented with strong analytical and problem-solving skills.
  • Excellent communication and organizational skills and ability to meet deadlines.
  • Experience with bank portals & treasury management systems is preferred.
Hourly Pay Range: $32-$35. This position is eligible to participate in the company's annual discretionary bonus program.

Inland offers a competitive range of benefits for eligible Full-time employees:
  • Medical/Dental/Vision insurance (PPO)
  • Participation in the company 401(k) plan with a company match
  • Vacation Time, Nine Paid Holidays, Three floating holidays per year
  • Sick time
  • Tuition reimbursement opportunity
  • Company-paid life insurance equaling your annual base salary
  • Company-paid short-term and long-term disability
  • Paid Parental Leave

This position is eligible as an internal promotion opportunity.

To learn more about the Benefits Inland offers its employees please click the link to learn more.

We are a drug-free workplace. Pre-employment background checks and drug screening is performed on all new hires, in accordance with applicable laws and regulations.

We are an Equal Opportunity Employer. We consider applicants for all positions without regard to race, color, religion, sex, national origin, age, sexual orientation, familial, marital or veteran status, disability, or any other legally protected classes.

We are an E-Verify employer. Please click the following link to learn more.

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