What are the responsibilities and job description for the Cash Management Admin position at Openforce?
Cash Management Administrator
Remote | Full-time, non-exempt | Reports to Cash Management Manager
About The Role
As a Cash Management Administrator, you’ll support our Accounting team with cash flow processes and other accounting tasks. Openforce is the leading integrated cloud software suite for the independent contractor community, covering recruiting, onboarding, settlement pay, compliance, insurance, and retention. In this role, you’ll monitor and post all incoming and outgoing client funds in our proprietary software and accounting systems. You’ll also process third-party vendor and child support payments, handle additional banking transactions, and reconcile customer payments and invoices. When issues come up, you’ll work with internal teams to troubleshoot discrepancies in settlements (payments to 1099 independent contractors) and banking. Success in this role takes accuracy and integrity in everything you do, solid math skills, strong problem-solving ability, and a strong working knowledge of our proprietary software.
What You’ll Do
WHAT YOU BRING
We’re a long-standing industry leader with the energy of a start-up, setting new standards for how the independent contractor economy works. A certified Great Place to Work five years running, we’re driven by values that show up in everything we do: we stay curious, take ownership, excel as a team, show grit when things get tough, and we never stop innovating.
What’s In It For You
Remote | Full-time, non-exempt | Reports to Cash Management Manager
About The Role
As a Cash Management Administrator, you’ll support our Accounting team with cash flow processes and other accounting tasks. Openforce is the leading integrated cloud software suite for the independent contractor community, covering recruiting, onboarding, settlement pay, compliance, insurance, and retention. In this role, you’ll monitor and post all incoming and outgoing client funds in our proprietary software and accounting systems. You’ll also process third-party vendor and child support payments, handle additional banking transactions, and reconcile customer payments and invoices. When issues come up, you’ll work with internal teams to troubleshoot discrepancies in settlements (payments to 1099 independent contractors) and banking. Success in this role takes accuracy and integrity in everything you do, solid math skills, strong problem-solving ability, and a strong working knowledge of our proprietary software.
What You’ll Do
- Manage a high volume of banking correspondence via email, direct messaging, mail, fax, and phone
- Post daily transactions to internal proprietary software and accounting systems
- Review and manage incoming client ACH and wire funding
- Review and process outgoing settlement payments throughout the day via the online banking portal
- Review and process vendor payments, child support payments, garnishments, and withholding requests
- Complete daily banking tasks, including but not limited to returns/notices of change, stop payments, reverse wires, ACH debits, etc.
- Prepare and monitor monthly client invoicing and payments
- Perform invoice reconciliation using both internal proprietary software and accounting systems
- Review and process reimbursements
- Contribute to process and system improvements
- Perform other administrative duties as needed
WHAT YOU BRING
- Strong attention to detail with a consistently high degree of accuracy
- Ability to handle sensitive financial information with discretion and confidentiality
- Excellent written and verbal communication skills
- Ability to multitask, prioritize, and stay organized
- Ability to thrive in a fast-paced work environment
- Willingness to collaborate across departments
- Strong problem-solving skills, using a logical and systematic approach
- Adaptable and open to new ways of doing things
- Ability to build and maintain strong partnerships inside and outside the organization
- Ability to anticipate potential issues and plan for contingencies
- Commitment to serving both internal and external customers
- High school diploma or equivalent
- Working knowledge of PCs, including web browsers and remote desktop access, etc.
- Working knowledge of Microsoft Office, including Outlook, Word, and Excel
- Knowledge of basic administrative and clerical processes
- Availability to work a shift that covers the completion of daily settlement processing in order to complete all end-of-day accounting tasks; extended hours may be required during busy periods or as business needs arise
- 1-year minimum experience using the CMS Settlement System
We’re a long-standing industry leader with the energy of a start-up, setting new standards for how the independent contractor economy works. A certified Great Place to Work five years running, we’re driven by values that show up in everything we do: we stay curious, take ownership, excel as a team, show grit when things get tough, and we never stop innovating.
What’s In It For You
- Work that matters: Directly support the independent contractors and businesses that keep the world running
- Health coverage: Medical, dental, and vision plans to keep you and your family covered
- Your future: A 401(k) with company match to help you build long-term savings
- Time to recharge: Paid vacation and holidays
- Room to grow: Ongoing training and career development, so you keep leveling up
- Work your way: Remote work and a casual, collaborative culture