Treasury Analyst
Treasury Analyst
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Job Description
At Arbella were focused on people. We work hard to attract and retain the best. That means providing a great work environment encouraging work/life balance offering flexible work arrangements and competitive industry-leading salaries and benefits packages. We invest in our employees and encourage them to grow so that we too can grow as a company.
Other perks include:
On-site gym and fitness classes and one-on-one personal training
On-site nurse nutritional counseling and mental health resources
Full-service cafeterias
Free shuttle service to Quincy Adams T Station
Tuition assistance programs
Opportunities to get involved: Arbella Activities Committee Diversity and Inclusion
Council and more
A company committed to community: volunteer opportunities employee-led
community efforts and the Arbella Insurance Foundation
Robust training mentorship and professional/personal development programs
Colleagues who genuinely care about each other
Arbella is committed to building a workplace thats diverse inclusive and equitable for everyone. Weve created a culture that supports a diverse workplace where all are valued for their talents and are empowered to reach their full potential.
Its no wonder our employees have voted Arbella one of the Boston Business Journals Best Places to Work every year since 2009!
The Treasury Analyst has key roles in treasury management and cash management. It is crucial for the individual in this role to understand Arbellas banking products and structure. Due to the high volume of transactions and therefore exception items this position requires the individual to act as a liaison between banks and internal departments. On a daily basis the company cash position is managed with the goal of a low average balance without being overdrawn. On a monthly quarterly and annual basis this position is responsible for cash flow analysis reports surplus note approval and payment process and managing the annual escheatment process.
Key Responsibilities:
Cash Management
Determine daily cash position manage bank balances ensure adequate cash availability
Monitor cash activity identify and research unusual items
Monitor electronic payment process of corporate concentration cash account including payroll 401K reinsurance and other miscellaneous payments
Review and resolve positive pay exceptions on a daily basis (checks improperly presented to bank)
Transfer cash between accounts as necessary including ensuring excess funds are transferred to money market account or custody accounts as appropriate.
Maintain repetitive wire and ach instructions and authorizations
Maintain daily cash records and reconciliation of bank activity
Be a key contributor for One Inc project on the treasury side and implement new process going forward
Treasury Management
Prepares monthly cash flow and analysis and other analysis as needed (Treasury reporting and analysis will be built out over the next year to meet needs of Arbella management and board)
Possesses a good understanding of bank products and services and their application to Arbella
Possesses an approachable engaging demeanor and promotes positive customer service in all dealings internally and externally. Acts as liaison between the bank Finance and other departments at Arbella. Is able to build and maintain strong relationships with all internal and external contacts.
Manages escheatment process including maintaining outstanding check lists for all bank accounts sending due diligence letters and filing in accordance with state requirements and deadlines.
Manage surplus note payments and reporting administer process to obtain approval from DOI
Plan and assist in product implementation and upgrades as needed
Troubleshoot any issues that are brought up regarding cash receipt and disbursement processes. Manage affidavit of forgery process
Administer access to CashPro and other banking websites
Reconcile monthly analysis statement for banking fees and work with bank to obtain credit for any incorrect pricing
Maintain bank documentation and ensure treasury records are in compliance with Arbellas record retention policy
Support internal and external audits as needed
Key Requirements:
Bachelors Degree in Accounting or Finance
2 plus years experience in treasury accounting or finance role
Excellent customer service communication and collaboration skills
Achieves continuous improvement in the effectiveness and efficiency of the treasury function
#LI-MG1
Required Experience:
IC
Employment Type
Full-Time
