Senior Treasury Operations Analyst

At Equity Residential, we're dedicated to creating thriving communities, and we invite you to be part of our team. Embracing values like Diversity, Sustainability, and Total Wellbeing, we foster a workplace culture of authenticity and collaboration.

How We Deliver a Winning Performance:

• Question Authority
• Walk the Talk
• Share Knowledge
• Listen, not just Hear
• See the Glass Half Full
• Take Educated Risks
• Enjoy the Ride
• Share the Spotlight
• Do the Right Thing
• Test Your Limits

We Care About Your Total Wellbeing:

• Physical Wellbeing: Medical, dental, and vision care
• Social Wellbeing: 9 paid holidays, annual vacation time, paid sick leave, new parent benefits
• Financial Wellbeing: 401(k) Retirement Savings Plan, Rent Discounts, Competitive Compensation
• Community Wellbeing: Paid Community Service Hours
• Career Wellbeing: Leadership Development
• Learn more about our Total Wellbeing program here.

What You'll Be Doing:

The Senior Treasury Operations Analyst position is crucial for the effective execution of cash management activities. The Senior Analyst collaborates with cross-functional internal teams (Accounting, Tax, Legal, Property Operations, etc.) and external entities to resolve issues efficiently. Additionally, they provide support in the Debt and Compliance area and serve as backup for Cash and Accounting functions in the treasury workstation. Ensuring compliance with internal controls and driving process improvements are also key responsibilities of this role.

ESSENTIAL FUNCTIONS:

• Responsible for completing various quarterly reports, including the reconciliation of cash accounts, analyzing the company's debt portfolio, investment memo, escrow analysis, budgets, and accruals.
• Deliver detailed account analysis reports to identify any discrepancies or deviations. Work closely with the Senior Director to convey findings and address issues with the banking services provider.
• Maintain consistent communication with banks or vendors regarding new treasury management products and services. Additionally, identify and present opportunities to negotiate favorable rates with current service providers or explore potential alternative services offered by new providers.
• Lead the implementation of new products or services by identifying requirements, coordinating with banks/vendors, and collaborating with the IT Department, as needed. Assist in the testing and implementation of Treasury workstation software updates.
• Establish and maintain robust controls within the treasury department to mitigate risks and ensure compliance with internal policies and external regulations. This involves preparing, reviewing, and maintaining internal audit compliance, overseeing proper controls for cash receipts, disbursements, and general Treasury activities. Additionally, collaborate with Internal Audit as needed to address inquiries, provide additional support, and conduct transaction testing on primary banks' websites.
• Ensure the maintenance and organization of audit backup files to establish an efficient folder structure for documentation and easy retrieval of information for other team members.
• Create metrics for debt and payment reporting, encompassing frequency, volume, and differentiation between internal and external payments.
• Perform thorough analysis of actual interest income and expenses in comparison to budgets and forecasts. Identify variances and clarify key factors contributing to the disparities.
• Accurately record interest and loan activity for debt associated with joint ventures, encompassing interest payments, loan draws, and repayments/capitalizations.
• Ensure adherence to covenant terms and conditions by communicating with leaders across the organization to confirm compliance with financial covenants. Monitor for potential non-compliance and take appropriate action as needed.
• Troubleshoots day to day cash management issues, as needed.
• Monitors and oversees existing bank account services and signatories including bank account administration for opening and closing accounts and performs monthly Account Analysis review to confirm charges and services are accurate.
• Collaborates and supports internal business partners including Accounting, Tax, Legal and Property Operations.
• Serve as a backup for the Cash Ledger processes, including tasks such as identifying and removing duplicates, accurately coding transactions with appropriate descriptions, and conducting various checks and balances. This process requires careful attention to detail, including gathering all necessary backup documentation, and accurate coding of transactions in the Treasury Workstation ("Quantum"). Additionally, the role entails investigating any unidentified transactions or postings to maintain the integrity of financial records.
• Monitors segregated security deposits and other miscellaneous investments. This involves setting up new investment accounts and investing or redeeming funds as necessary. Gives timely direction to bank(s) on reinvesting funds, and updates/distributes investment tracking sheets.
• Backup other members of the department for treasury functions on an as needed basis. This includes corresponding with the banks and internal staff on various issues/problems, running and reviewing certain reports, posting cash activity in the treasury workstation, concentrating cash balances, processing required fundings, and investing or redeeming excess cash.
• Contributes to designing, recommending improvements, and documenting Treasury processes, within both Operations and Debt Compliance.
• Assist in the testing and implementation of Treasury workstation software updates.
• Takes leadership role during the absence of management by handling priority cash concerns, system requirements, and any other escalation matters. At times, may also assist with cash forecasting and commercial paper dealing functions, ensuring timely funding while minimizing costs.
• Represents the Company in a professional manner at all times. Consistently maintains a professional courteous attitude when dealing with residents, coworkers and the general public.
• Performs special projects as assigned. Performs other duties as necessary.

JOB QUALIFICATION REQUIREMENTS:

• Applicants must hold a Bachelor's degree in Accounting, Finance, Business, or related field.
• An advanced degree or possession of a Certified Treasury Professional (CTP) certification is a plus.
• A minimum of 5 years of experience in accounting or treasury roles is required, demonstrating proficiency and a deep understanding of treasury operations and proactive problem-solving abilities.
• Familiarity with treasury workstations Quantum Preferred) is essential, with at least 5 years of working knowledge.
• Candidates must exhibit strong communication skills to engage effectively with bank personnel and internal stakeholders. A self-starting attitude, strong organization, and prioritization abilities are necessary.
• Previous experience leading projects or processes is a plus, along with the capability to thrive in high-pressure environments.
• Exceptional attention to detail, follow-up skills, and computer literacy are a must. Adaptability to changing responsibilities through cross-training is pivotal for success in this role.

Salary: $83,871 - $105,000 / year; In addition to base salary, a discretionary annual target bonus is provided.

The successful candidate's starting pay will be determined based on job-related skills, experience, and qualifications.

Machines, Tools and Equipment, Software:

Computer w/Internet and email capabilities, Telephone, Facsimile, Photocopier. Familiarity with Treasury Workstations and bank payment platforms; Excel experience is required.

PHYSICAL AND VISUAL ACTIVITIES:

Ability to hear and speak well enough to converse over the phone and in-person (expressing or exchanging ideas by means of the spoken or written word). Ability to interpret, evaluate and communicate detailed written or verbal instructions to others accurately and easily. Able to see well enough to use the computer effectively and read written communications. Ability to lift, push, pull or carry up to 15 pounds for the dissemination of documents, supplies, materials, etc. to various locations throughout the office/facility. May be required to climb stairs depending on the property structure.

The above describes the physical and visual activities that are commonly associated with the performance of the essential functions of this job. Commonly associated is not intended to mean always or only. Reasonable accommodations will be provided as required by law to enable otherwise qualified employees with a known disability to perform the essential functions of the job.

WORKING ENVIRONMENT: Hybrid working environment