Position Description
POSITION TITLE: Cash Management Supervisor
DEPARTMENT/DIVISION: Cash Management
SUPERVISOR’S TITLE: Quality Assurance Officer
FLSA STATUS: Exempt
APPROVED BY: Frank Chang
DATE: August 2022
Note: This job description is a summary of the job duties and requirements that are essential to the evaluation of the job. It is not intended to be complete in detail. These responsibilities are typical for this job; however, on occasion, individuals in this position may be required to perform functions of a higher or lower skill level not included in this job description.
ABOUT Universal Bank
Universal Bank is a premier financial institution in West Covina CA, that has remained dedicated to the commitment to serving our local communities. We provide customized customer service by offering a full array of deposit and loan products.
Our corporate office is in West Covina CA, with five branches serving LA County in West Covina, Monterey Park, Rosemead, Eagle Rock, and Arcadia. Our cultivated team is an extremely knowledgeable banking professionals.
Job Summary:
Cash Management Supervisor determines corporate cash requirements & maintains appropriate cash flow. The cash management supervisor is responsible for managing lockbox deposits & disbursements, wire transfer operations, and assisting with customer service questions. They are also responsible for the secure & maximum use of corporate funds.
Duties and Responsibilities:
The duties listed below are intended only as illustrations of the various types of work that may be performed. The omission of specific statements of duties does not exclude them from the position if the work is similar, related, or a logical assignment to this position.
Required Skills/Abilities:
Financial Management:
- Oversee all aspects of the cash management function, including the development and management of systems for the effective collection of revenues and payment of obligations.
- Responsible for providing leadership and direction to ensure designated cash processing, reconciliation and reporting functions are completed in a timely manner while in compliance with policy and regulations
- Directs cash management operations to include daily cash administration, management of current accounts and bank relations.
- Reviews and drives improvements in cash management, ensuring financial obligations are met in accordance with Company policies and procedures.
- Completes all cash management set-up documentation for new and existing department processes; prepares correspondence and proposals directed to and for cash management.
- Timely reconciles cash application and disbursements.
- Monitors cash transactions to ensure that bank account balances to the report and any unusual items are investigated.
- Forecasts, monitors, and tracks cash flow (daily, weekly, monthly, quarterly, etc.).
- Prepares cash flow reports and identifies and evaluates variances.
- Receives incoming wire transfers and processes outgoing wire transfers. Posts wires.
- Assists with project assignments and financial reporting.
- Supervise the financial Oracle implementation and ongoing support and control in cash management.
- In charge of bank accounts monthly reconciliations
- In charge of year-end bank accounts confirmation
- Directs, motivates, and trains Treasury staff and ensures effective departmental operations, both currently and in the future, through the selection and deployment of competent accountants
- Manage the external & internal audit inquiries regarding cash.
- Accountable for and has the authority over the department’s unit to validate the adherence to policies, procedures, and short-term plans.
- Assist with special projects, and Bank initiatives not limited to new product implementation, creating risk assessments, and updating policies and procedures as necessary.
Universal Bank is an Equal Opportunity Employer. Anyone needing accommodation to complete the interview process should notify the recruiter. You may or may not receive a response to your inquiry by email, mail or fax depending on the number of job openings, volume of inquiries, and your qualifications.
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Job Type: Full-time
Pay: $65,000.00 - $75,000.00 per year
Benefits:
Physical setting:
Schedule:
COVID-19 considerations:
All employees must be vaccinated.
Masks are optional.
Experience:
Work Location: One location
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