Treasury Administrator
Treasury Administrator
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Job Description
Banyan Software provides the best permanent home for successful enterprise software companies their employees and customers. We are on a mission to acquire build and grow great enterprise software businesses all over the world that have dominant positions in niche vertical markets. In recent years Banyan was named the #1 fastestgrowing private software company in the US on the Inc. 5000 and amongst the top 10 fastestgrowing companies by the Deloitte Technology Fast 500. Founded in 2016 with a permanent capital base setup to preserve the legacy of founders Banyan focuses on a buy and hold for life strategy for growing software companies that serve specialized vertical markets.
Reports To: Senior Treasury Manager
Position Summary:
The Treasury Administrator is a key member of the Treasury team responsible for handling the administrative aspects of cash management banking relationships and compliance. This role primarily focuses on maintaining accurate records managing KYC paperwork and ensuring smooth bank account administration to support the companys financial operations.
Key Responsibilities:
- Bank Account Administration:
- Open close and manage domestic and international bank accounts ensuring compliance with company policies and banking requirements.
- Maintain accurate records of all bank accounts signatories and account structures.
- Update and track signatory authority and access for all accounts ensuring proper controls are in place.
- Administer online banking platforms including setting up new users managing user permissions and troubleshooting access issues.
- KYC Compliance:
- Complete and submit KYC documentation for new and existing bank accounts coordinating with internal teams and external banks.
- Maintain a centralized repository of KYC and compliance documents ensuring they are current and accessible.
- Respond to periodic KYC review requests from banking partners and provide the required documentation promptly.
- Documentation and Recordkeeping:
- Organize and manage treasuryrelated documentation including account agreements signature cards and compliance certifications.
- Ensure all treasury documents are filed securely and comply with company policies for document retention.
- Monitor and renew financial instruments such as bank guarantees and letters of credit.
- Support Treasury Operations:
- Assist with daily cash management activities including maintaining records of account balances and transactions.
- Support payment workflows including initiating wire transfers and ACH payments as needed.
- Banking Relationship Management:
- Serve as liaison with banking partners for administrative matters including KYC requests and account maintenance.
- Schedule and coordinate meetings with banking partners to review account services and address any issues.
- Process Improvement:
- Identify opportunities to streamline and automate treasury processes particularly in bank account management and documentation.
- Collaborate with the Treasury team to develop standardized templates and workflows for routine tasks.
- Insurance:
- Support data collection for insurance renewals
- Track insurance invoices
Qualifications:
- Bachelors degree in Finance Accounting Business Administration or a related field (preferred).
- 13 years of experience in a treasury banking or administrative role.
- Proficiency in Microsoft Office particularly Excel and familiarity with ERP systems (e.g. NetSuite) and banking platforms.
- Strong organizational skills and attention to detail with the ability to manage multiple priorities effectively.
- Knowledge of banking operations and KYC/compliance requirements.
Preferred Qualifications:
- Experience working in a highgrowth or M&Afocused environment.
Competencies:
- Excellent verbal and written communication skills for liaising with banks and internal stakeholders.
- Proactive and solutionoriented with a focus on meeting deadlines and ensuring accuracy.
- Ability to handle sensitive and confidential information with discretion.
Diversity Equity Inclusion & Equal Employment Opportunity at Banyan: Banyan affirms that inequality is detrimental to our Global Teams associates our Operating Companies and the communities we serve. As a collective our goal is to impact lasting change through our actions. Together we unite for equality and equity. Banyan is committed to equal employment opportunities regardless of any protected characteristic including race color genetic information creed national origin religion sex affectional or sexual orientation gender identity or expression lawful alien status ancestry age marital status or protected veteran status and will not discriminate against anyone on the basis of a disability. We support an inclusive workplace where associates excel based on personal merit qualifications experience ability and job performance.
Required Experience:
Unclear Seniority
Employment Type
Full Time
