Cash Management Services Manager

Socket.dev; Portland (ME); On-site; USD 75,000 - 80,000; Full time

Benefits offered by this job

Bonus eligible 25%

Job summary

Loomis is seeking a leader to manage Cash Vault operations at the branch level. You will oversee daily production, deposits, currency inventories, and security of funds, while guiding a team to meet performance goals.

Ideal candidates have 5+ years in banking, strong leadership, and excellent communication. This role emphasizes collaboration with banks and adherence to policies and procedures in a fast-paced environment.

Qualifications

• 5+ years in the banking industry or equivalent roles.
• Experience with cash or check processing is highly preferred.
• Proven ability to lead, motivate, and develop a high-performing team.
• Strong communication and customer service skills required.
• Ability to work in a fast-paced, deadline-driven environment.

Responsibilities

• Manage operational and production activities in the Cash Vault and branch, directly or through subordinates.
• Plan daily activities, including deposit verifications, change order prep, and currency inventories.
• Ensure accountability and security of all funds transiting the department.
• Coordinate with customers, banks, and policy owners to implement procedures and communicate changes.

Skills

Leadership

Staff management

Communication

Cash handling

Banking operations

Problem solving

Teamwork

Education

Bachelor’s degree in Business or Finance or related field

Job description

With a network of nearly 200 branches, Loomis armored transportation, cash management centers, and cash inventory vaults keep cash flowing throughout financial institutions and retail businesses across the US. Loomis prides itself on providing employees with opportunities for career advancement and job satisfaction. In fact, many of our company’s managers, vice presidents, and corporate executives started out in the branches as driver/guards and tellers. Our work can be challenging, but the thousands who have stayed with our company for decades will tell you that if you have the desire to learn and the drive to succeed, Loomis is the place to be. Come join our team!

Salary Range: $75,000-$80,000 per year

Position is Bonus eligible 25%

Job Overview

• This position is responsible for managing directly and through subordinates, operational and production activities in the Cash Vault with responsibility for the branch and their associates.
• Plans and directs daily activities for the department; to include deposit verifications, change order preparations and currency coin inventories management.
• Ensures accountability and securities of all funds transiting within the department.
• Interacts and participates with customers, business partners and Region Cash Management in the developments of associated policies and procedures, and communicates change throughout the Branch

Accountabilities

• Providing services to large banks, correspondent and niche banks, large corporate and small commercial entities, and coin and ATM customers
• Ensure accountability and security of all funds transiting the department
• Serve as liaison with the Federal Reserve Bank, banks, thrift charters, and commercial customers to identify and resolve problems; develop associated policies and procedures, and communicate change throughout the organization
• Exercise usual managerial authority regarding staffing, hiring, performance appraisals, promotions, salary increases, terminations, and staff development for a growing department
• Establish and review operating systems and procedures within the branch and dependent procedures outside the department; and update as needed to ensure process effectiveness and control, accountability, and security of all cash movement and inventory information
• Communicate with internal, bank, or commercial customers to address and resolve problems, special requests, and/or discrepancy situations
• Analyze complex factors to decide appropriate actions, and resolve situations not covered by set policies or procedures
• Sets and communicates clear goals while driving for results and creating a high performing work force focusing on staff moral and teamwork.
• Develop plans to reduce or eliminate operational inefficiencies.
• Other duties as assigned.

Primary Requirements

• Minimum 5 years’ experience in the Banking industry
• Experience with cash or check processing, highly preferred.
• Experience in a fast paced, deadline driven production environment.
• Experience in meeting production goals and financial targets.
• Proven ability building a high performing and diverse work force.
• Must have excellent communication and customer service skills.
• Proven leadership, decision making and delegation experience.
• Ability to work independently and in a matrix managed environment.
• Bachelor’s degree in Business; Finance or like field, a plus.

Benefits

Loomis offers one of the most comprehensive employees benefit packages in the industry, which includes:

• Vacation and Sick Time (PTO) as well as Paid Holidays
• Health & Dental Insurance
• Vision Insurance
• 401(k) Plan
• Basic Life Insurance Plan
• Voluntary Life Insurance Plan
• Flexible Spending and Health Savings Account
• Dependent Care Account
• Industry leading Training and Development

Loomis is an Equal Opportunity Employer and Drug Free Workplace. Qualified applicants will receive consideration for employment without regard to their race, color, religion, national origin, sex, sexual orientation, gender identity, protected veteran status or disability.