Treasury Associate

At Coaction were a unique mix of leaders achievers thinkers and team players with a high-performance mindset and a diverse skillset. We bring our industry expertise together to continually push the boundaries of what insurance can be for our clients.

Reporting to the Director Treasury the Treasury Associate is primarily accountable for ensuring that all daily and monthly cash transactions are processed accurately and efficiently. He/she will also assist with the execution of the Companys cash operations processes including the preparation of bank and general ledger cash entries and will support daily bank operations among other critical cash management activities.

Responsibilities:

• Support daily cash management activity including all daily banking transactions day-to-day management of bank accounts monitor the Treasury Inbox research inquiries Stop payments etc.

• Proper and timely recording of cash transactions in the general ledger

• Complete daily/weekly cash accounting transactions including daily banking transactions and support monthly management of bank reconciliation accounts accurately and efficiently

• Prepare monthly and quarterly journal entries for accounting closing process.

• Troubleshoots and resolves discrepancies based on extensive research and analysis of related cash activity.

• Manage high volume of cash receipts via lockbox allocating receipts to multiple insurance companies

• Prepare and support the daily cash receipts report for distribution to management and internal clients

• Support the development of strong processes and controls within cash management activities

• Support the development and monitor of operational metrics

• Complete various ad-hoc requests

Qualifications:

• Associate or Bachelors degree in Finance Accounting Business Administration or a related field.

• 1-3 years experience in treasury/cash accounting preferred experience in the insurance sector a plus

• Familiarity with electronic banking systems ACH/wire payments and bank reconciliation preferred.

• Proficiency in Microsoft Excel; ERP system experience is a plus.

• Strong attention to detail organizational skills and ability to manage multiple tasks.

• Good written and verbal communication skills.

• Solid analytical and problem-solving skills

• Good organizational skills and attention to detail

• Self-starter capable of working independently within a team environment

• Possess the ability to handle a high volume of data in a high-paced environment

Core Competencies:

• Results Orientation

• Initiative & Creativity

• Teamwork

• Customer Service

• Sense of Urgency

• Expert Attention

• Honesty & Integrity

• Communication Skills

**This is not a fully remote position. Applicants must sit in our Morristown NJ office on our hybrid work schedule.**

Salary range specific to for this role : $55000-$70000 discretionary incentive bonus benefits depends on various factors including without limitation individual and organizational performance. The offered rate of compensation will be based on individual education experience and addition employees are eligible for standard benefits package including paid time off medical dental and retirement.

Equal Opportunity Employer

Coaction is an Equal Employment Opportunity employer. Coactions policy is not to discriminate against any applicant or employee based on race color religion national origin gender age sexual orientation gender identity or expression marital status mental or physical disability and genetic information or any other basis protected by applicable law. Coaction also prohibits harassment of applicants or employees based on any of these protected categories.

If your application is selected you will receive an email directly from the Coaction Recruiting Team at asking you to contact a member of the Coaction Recruiting Team. Any other method of contact may be fraudulent.