Treasury Analyst

Description

Job ID

AF9511 -3007-1690

Position Classification

FT Administrator

Position Summary

The Treasury Analyst is a key member of the Finance Department. Reporting to the AVP Finance and Controller, the successful candidate will collaborate with the Accounting and Finance team to support and maintain cash management and the treasury function. This is achieved through daily monitoring and reporting of consolidated cash position and transactions. This position oversees the recording and verification of treasury financial data in accordance with University policies, procedures, and internal control guidelines. This includes effective communication with various members of the campus community to ensure proper recognition of cash transactions and support of the reconciliation and reporting functions.

Essential Duties and Responsibilities

Cash Management – Daily

• Review and reconcile paid item and cash reports for student payment transactions processed via Transact Campus platform.
• Compile banking activity represented in the balance and transaction report.
• Review bank transactions to include three-way matching and internal advisements.
• Review ACH and EDI reports for required action and notification.
• Review and decision Positive Pay exceptions.
• Access State of Michigan portal for notification reports.
  Access Flywire portal to maintain the associated reports reflecting international students’ payment detail.
• Communicate with various members of the campus community regarding certain bank transactions to ensure proper recognition. 

Cash Management – Weekly/Monthly

• Process/transmit direct deposit and Positive Pay bank files for accounts payable
• Process ACH and Wire payment requests while monitoring the Dynamic Forms approval process
• Complete intercompany transfers
• Manage the EFT setup process for vendors, conducting callbacks to mitigate fraudulent activity
• Prepare summaries for both account analysis and purchasing card fees to ensure accuracy of these transaction services
• Monitor and manage money movement of the student federal loan accounts
• Prepare specific journal entries as directed and approved by Controller and assist in the resolution of outstanding bank reconciliation items
• Act as primary liaison with banking partner
• In collaboration with the Controller, complete timely payment requests of government financial aid funds 
• In collaboration with the Athletic Director, fund and process referee payments for all sports events via RefQuest 
• Support year end audit function, including preparation of certain cash related audit documents
• Ensure timely resolution to all bank related inquiries
• In collaboration with the Controller, assist with the annual escheat process
• Work with the financial management team to support continuous improvement initiatives, implement best practices, enhance cash management controls and provide fiduciary oversight 

Additional duties and responsibilities as identified or assigned

Requirements

Minimum Qualifications

Education: 

• Bachelor’s Degree in Business, Accounting or Finance or an equivalent combination of education and/or experience. Certified Treasury Professional (CTP) or other advanced certification or post-graduate education is highly desirable. 

Employment:

• 2-3 years of commercial banking treasury management experience.
• 3-5 years of commercial banking support experience.
• 3-5 years of treasury support for an organization.
• 3-5 years of financial reporting.

Preferred Qualifications

• 3-5 years of commercial banking support experience or. 
• 3-5 years treasury management experience in a large or mid-size organization.

Knowledge, Skills, and Abilities

• Strong computer skills; proficiency in Microsoft Excel, with the ability to perform a strong level of analysis
• Excellent analytical, written and verbal communication skills
• Takes initiative and can act with minimal direction or guidance
• Ability to collaborate in a team environment
• Detail oriented problem solver with high-level of organizational skills and the ability to prioritize tasks
• Quick learner who is eager to contribute new ideas, find solutions to business challenges and then apply new processes/procedures effectively
• Acts in a professional and supportive manner with all members of the campus community

Physical Requirements

Job may require lifting light weight objects (1 to 10 pounds) with no repetitive bending or stooping. Occasionally lift average weight objects (1 to 10 pounds).

Work Environment

Regular exposure to favorable conditions such as those found in a normal office.

Salary/Pay Information

Commensurate with experience

Anticipated Schedule

Monday through Friday 8:30 A.M.- 5:00 P.M. 

Michigan’s largest, most comprehensive private University, University of Detroit Mercy is an independent Catholic institution of higher education sponsored by the Sisters of Mercy and Society of Jesus. Detroit Mercy seeks qualified candidates who will contribute to the University’s mission, diversity, and excellence of its academic community. University of Detroit Mercy is an Equal Opportunity Affirmative Action Employer with a diverse student body and welcomes persons of all backgrounds.