TREASURY MANAGER

Location: Chicago and Deerfield, ILSchedule: Full-Time; ExemptSalary: $75,000-$90,000, commensurate with experienceIncentives: Performance-based bonus programBenefits: Health, dental, vision, life, 401(k), PTO, paid parental leave, accident, and critical illness, short- and long-term disability, and more.About BannerBanner Real Estate Group is a fully integrated real estate investment, development, and management firm focused on multifamily and self-storage assets throughout the United States. Since 1989, Banner Real Estate Group has established a proven track record of investing and developing across multiple asset classes. We are a private company that offers an excellent chance to oversee the treasury.Position OverviewThe Treasury Manager is responsible for overseeing all treasury operations, cash management across the company’s real estate portfolio, including operating properties, development projects, joint ventures, and corporate entities. This role ensures the timely funding of acquisitions, construction draws, capital improvements, debt service, and investor distributions. The Treasury Manager maintains strong banking relationships, optimizes cash flow across numerous property-level and corporate accounts, and ensures compliance with lender, investor, and internal reporting requirements.Success in this role requires strong analytical capabilities, deep understanding of real estate financial structures, and the ability to manage high transaction volumes while maintaining excellent internal controls. The Treasury Manager reports to the SVP – Controller and works very closely with Accounting, Development and Asset Management to support strategic capital planning and cash forecasting across the portfolio.Position RequirementsBachelor’s degree in Finance, Accounting, Business, or related field.3-5 years of treasury, cash management, or corporate finance experience, with at least 3 years in real estate.Strong understanding of real estate operating structures, development funding, and debt mechanics.Experience with treasury management systems or ERP platforms (Yardi preferred).Strong Excel and financial modeling skills.Ability to manage large cash flows across multiple entities and banking platforms.Knowledge of loan compliance, escrow administration, and cash controls.Primary ResponsibilitiesOversee daily cash positioning across property, development, operating, and corporate bank accounts.Manage inflows/outflows including tenant receipts, loan proceeds, construction disbursements, operating expenses, and capital calls.Ensure timely funding of acquisitions, construction draws, tax payments, and distributions.Maintain and track restricted cash, escrows, and reserves.Manage relationships with commercial real estate lenders and banking partners.Oversee the opening, closing, and maintenance of property-level and corporate bank accounts.Coordinate bank signatories, online access, and treasury controls across entities.Review and execute wires, ACH payments, and draw transfers.Monitor debt schedules, lender escrow requirements, and interest payments.Coordinate loan funding activities, including acquisition funding and construction loan draws.Prepare short-term and long-term real estate cash forecasts by property, project, and portfolio.Partner with Operations and Construction Accounting to forecast project funding needs.Maintain strong treasury controls across property and corporate accounts.Prepare weekly and monthly treasury reports including liquidity dashboards, reserve balances, and forecast variances.Work with Accounting, Asset Management and Development to align cash needs and strategic planning.CompetenciesReal Estate Expertise – Understanding of property operations, development funding, debt structures, and escrow requirements.Analytical Skills – Ability to interpret financial data and forecast cash flows.Problem Solving – Provides actionable solutions for treasury and liquidity challenges.Communication – Effective communication with lenders, banks, auditors, and internal partners.Judgment – Makes sound financial decisions aligned with risk tolerance.Technical Skills – Proficiency in treasury systems, banking portals, and real estate accounting platforms.Attention to Detail – Ensures accuracy in cash positioning, transfers, and compliance.Dependability – Manages priorities and meets deadlines in a fast-paced real estate environment.Initiative – Identifies opportunities for treasury process improvements.Banner Real Estate Group (and/or its affiliated entities) is an equal opportunity employer.

Salary : $75,000 - $90,000