What are the responsibilities and job description for the Cash Specialist position at Convergenz?
Cash Management Specialist – Key Responsibilities
Daily Banking & Cash Reporting
- Identify and resolve variances in daily banking and cash reporting for Multifamily operations.
- Manage ACH transactions and wire transfers, ensuring all negative positions are addressed within divisional and corporate policy timeframes.
Bank Reconciliation & Accounting
- Perform reconciliations for Multifamily-controlled bank accounts.
- Collaborate with Accounts Payable to ensure accurate accounting for all Multifamily expense payment transactions.
Policy & Procedure Management
- Implement and maintain Cash Management team policies and procedures.
- Conduct scheduled and ad hoc reviews and updates to documentation as required.
Project Support & Testing
- Support departmental projects and initiatives.
- Serve as a User Acceptance Tester (UAT) for system enhancements and process improvements.
Cash Movement Tracking
- Monitor and track cash movement activities using proprietary systems and external banking applications.
Wire Setup & Counterparty Validation
- Assist with counterparty reviews and validations prior to wire instruction setup and maintenance.
Reconciliation & Reporting
- Reconcile internal records to monthly general ledger entries and/or bank statements.