Treasury Specialist

Summary:
The Treasury Specialist is the firm’s in-house banking and cash-management expert. This role safeguards corporate and property cash administering 80 bank accounts, and serves as the primary liaison among bankers, Accounting teams, property managers, and operations. Key responsibilities include daily cash positioning, wire/ACH execution, bank-account administration, fraud monitoring, and optimizing treasury systems (Yardi, RealPage, AVIDPay, online banking portals).

Essential Duties:
(The list below is intended to be illustrative—other duties may be assigned.)

Daily Cash Management:

• Retrieve prior-day balances and transactions across depository, trust, and escrow accounts; prepare a consolidated Daily Cash Report by 10:00 a.m. each business day.
• Recommend and initiate intra-company transfers to ensure liquidity for AP, payroll, and capital-project payments.
• Monitor covenant, escrow, and lender reserve balances; alert the Assistant Controller to potential shortfalls.

Banking Operations & Account Administration:

• Open, close, and modify bank accounts per corporate resolutions, lender requirements, and KYC/AML rules; maintain digital files of signature cards and legal documents.
• Manage online banking platforms for 5 banking relationships (user access, entitlements, audit trails).
• Oversee Positive Pay/ACH Filter setups and daily fraud-exception reviews.
• Implement new banking services (lockbox, sweeps, merchant services) to support business growth.

Disbursements & Wire Operations:

• Execute domestic/international wires, ACH batches, and draw requests with precision and timeliness; ensure approvals align with the Expenditure Matrix.
• Maintain the master Wire SOP, including templates, dual-control protocols, and call-back procedures.
• Assist AP in linking Yardi/RealPage payment files to bank portals and AVIDPay for automated disbursements.

System Integration & Process Improvement:

• Drive automation of bank-feed imports, cash reconciliations, and payment exports within Yardi/RealPage.
Lead integration projects (e.g., Yardi
• AVIDPay) and manage the centralized treasury mailbox (treasury@company.com) with ticket-tracking.
• Continuously refine workflows to enhance speed, accuracy, and internal controls.

Reporting, Analysis & Compliance:

• Prepare consolidated 13-week cash-flow forecasts across operating, development, and fund entities.
• Support quarterly lender compliance packages (debt-service coverage, account minimums, escrow reconciliations).
• Compile audit/tax schedules and respond to auditor PBC requests.
• Negotiate bank fees and recommend relationship changes as needed.

Teamwork & Communication:

• Serve as primary contact for banking partners (fraud alerts, platform issues, upgrades).
• Provide prompt treasury support to property managers, operations, and construction teams.
• Train employees on wire procedures and banking-security protocols.

Preferred Qualifications:
Education:

• Bachelor’s degree in Finance, Accounting, Economics, or related discipline required.

Experience:

• 2–4 years of hands-on treasury, cash management, or banking experience; real-estate background strongly preferred.
• Demonstrated proficiency with online banking portals and treasury workstations.

Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Primarily sedentary work. Occasional lifting of up to 25 lbs. (bank records/file boxes) and minimal local bank-branch travel.

This job description is not all-inclusive and other duties may be assigned.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.