What are the responsibilities and job description for the Treasury Analyst position at BMI Companies?
With over five decades of experience, BMI Financial Group has been providing insurance and solutions for families worldwide. Specializing in high-quality Life Insurance, Health Insurance with global coverage, and Travel Assistance Plans, BMI is committed to innovating insurance products for the international community.
Candidates applying for this role must reside in Miami, Fl.
About this role:
Provide operational and administrative support to daily Treasury functions, ensuring proper payment execution, funds availability, banking transactions control, and financial reports updates. Work on short-term investment analysis (interest-bearing accounts, money market, and time deposits) and execute the transactions. Support cash Flow information from different companies, and work on monthly accounting reconciliation and regional reports.
Main Responsibilities:
- Daily management of liquidity and banking transactions:
- Monitor the balances of all bank accounts (beginning and end of day) in order to ensure liquidity for daily transactions.
- Execute bank transfers, intercompany transactions, supplier payments, travel advances and employee reimbursements, and short-term investments.
- Contact bank representatives to deal with issues and requests related to corporate Accounts and new business needs.
- Execute stop payment transactions based on business requests.
Bank Reconciliation and Internal Control:
- Support reconciliation process verifying accounting and operational records match bank statements.
- Post GL daily transactions associated with Treasury and Investment activities.
- Keep all Treasury and Investments supporting documents.
Financial Reporting and Internal Support:
- Support other departments by providing (daily/weekly/monthly) documentation (account statements/payment vouchers/etc).
- Verify and update payment templates in banking portals and internal applications.
- Review and update (daily/weekly) cash flow projections in order to ensure liquidity and anticipate any fund’s needs.
Requirements:
- Knowledge of banking services and investment products (short-term).
- Organization and attention to detail.
- Knowledge of bank reconciliations and am familiar with banking platforms.
- Intermediate proficiency in Excel and ERP systems (preferably JD Edwards).
- Ability to prioritize daily and monthly tasks.
- Effective communication with banks and other internal areas.
- Technical Skills: Proficiency in Microsoft Office Suite (Excel, Word, Outlook)