Cash Management Specialist

The Inland Real Estate Group of Companies, Inc.; Downers Grove (IL); On-site; USD 61,000 - 73,000; Full time

Benefits offered by this job

Medical/Dental/Vision insurance

401(k) plan with company match

Vacation time & holidays

Sick time

Tuition reimbursement

Life insurance

Disability

Parental leave

Job summary

The Inland Real Estate Group, Inc. is seeking a detail‑oriented Cash Management Specialist to support daily cash operations, bank reconciliations, treasury activities, and transactional accounting across multiple entities and banking platforms.

A Bachelor's degree in Accounting or related field and 2–4 years in cash management or treasury is required; strong Excel (VLOOKUP/XLOOKUP/SUMIF), Word, Outlook, and familiarity with Yardi is preferred.

Qualifications

• Bachelor's degree in Accounting, Finance, Business Administration, or equivalent related experience.
• 2–4 years of experience in cash management, treasury operations, transactional accounting, or related finance function.
• Experience managing bank reconciliations and high-volume cash transactions.
• Exposure to multi-entity accounting environments is a plus.

Responsibilities

• Monitor and manage daily cash positions across multiple bank accounts.
• Initiate and record electronic payments, including wire transfers, ACH, tax payments, and other disbursements.
• Record and reconcile cash receipts, disbursements, and intercompany transfers.
• Prepare general ledger entries and cash-related adjustments.
• Analyze cash positions and fund investor distributions.
• Assist with month-end close activities related to cash and banking transactions.
• Prepare monthly cash transaction and investor sales reconciliation reports.

Skills

Cash management

Treasury operations

Transactional accounting

Bank reconciliations

Multi-entity accounting

Education

Bachelor's degree in Accounting, Finance, Business Administration, or equivalent related experience

Tools

Yardi

Bank portals

Treasury management systems

Job description

Are you a detail-oriented accounting professional who enjoys solving problems, managing high-volume transactions, and ensuring financial accuracy? Join our team as a Cash Management Specialist, where you'll play a critical role in daily cash operations, bank reconciliations, treasury activities, and transactional accounting across multiple entities and banking platforms.

This is an excellent opportunity for someone with a strong accounting foundation who enjoys working at the intersection of cash management, treasury operations, and financial reporting.

What You’ll Do

Daily Cash Operations

• Monitor and manage daily cash positions across multiple bank accounts.
• Initiate and record electronic payments, including wire transfers, ACH transactions, tax payments, and other disbursements.
• Create and maintain taxing authority profiles.
• Ensure timely and accurate recording of cash transactions in the general ledger.
• Process stop payments and related accounting entries.
• Determine appropriate cash accounts and general ledger coding for invoice processing.
• Manage and process requests through the company's internal cash management platform.

Transactional Accounting

• Research, resolve, and record bank reconciliation items.
• Maintain daily cash logs and review unrecorded transactions.
• Record and reconcile cash receipts, disbursements, and intercompany transfers.
• Prepare general ledger entries and cash-related accounting adjustments.
• Analyze cash positions and process funding transactions associated with investor distributions.
• Record monthly investor distribution payments.
• Support month-end close activities related to cash and banking transactions.
• Prepare monthly cash transaction and investor sales reconciliation reports.

Treasury Operations

• Open and close bank subaccounts and escrow-related accounts.
• Allocate daily cash transactions across multiple banking relationships.
• Review positive-pay exceptions and determine when to approve, elevate, or halt potentially suspicious transactions.
• Implement and maintain positive-pay rules across banking platforms.
• Collaborate with internal teams on treasury automation and process improvements.
• Support audits by preparing documentation and responding to requests.

Reporting & Analysis

• Prepare month-end reports for interest income and banking fees.
• Generate treasury reports and perform ad‑hoc financial analysis.
• Investigate and resolve discrepancies in cash transactions and accounting records.

Process Improvement & Compliance

• Create and maintain process documentation and procedures.
• Identify opportunities to streamline cash management and accounting processes.
• Ensure compliance with internal controls, company policies, and audit requirements.
• Assist with additional projects and responsibilities as assigned.

What You Bring

Education

• Bachelor's degree in Accounting, Finance, Business Administration, or equivalent related experience required.

Experience

• 2-4 years of experience in cash management, treasury operations, transactional accounting, or a related finance function.
• Experience managing bank reconciliations and high-volume cash transactions.
• Exposure to multi-entity accounting environments is a plus.

Technical Skills

• Intermediate Microsoft Excel skills, including:
  • VLOOKUP/XLOOKUP
  • SUMIF/SUMIFS
  • Power Query
• Intermediate proficiency in Microsoft Word and Outlook.
• Experience with Yardi or comparable general ledger/accounting software.
• Familiarity with banking portals and treasury management systems.

Key Competencies

• Strong understanding of accounting principles related to cash and banking activities.
• Excellent analytical and problem‑solving abilities.
• Exceptional organizational skills and attention to detail.
• Ability to prioritize multiple deadlines in a fast‑paced environment.
• Strong judgment and decision‑making skills.
• High level of integrity and commitment to confidentiality.

Annual Base Salary Range: $61,094 - 73,367. This position is eligible to participate in the company’s annual discretionary bonus program.

Benefits

Inland offers a competitive range of benefits for eligible Full-time employees:

• Medical/Dental/Vision insurance (PPO)
• Participation in the company 401(k) plan with a company match
• Vacation Time, Nine Paid Holidays, Three floating holidays per year
• Sick time
• Tuition reimbursement opportunity
• Company‑paid life insurance equaling your annual base salary
• Company‑paid short‑term and long‑term disability
• Paid Parental Leave

This position is eligible as an internal promotion opportunity.

As part of our commitment to an efficient and consistent hiring experience, The Inland Real Estate Group, LLC and its affiliated companies (\"Inland\") may utilize artificial intelligence (\"AI\") or automated technologies to assist in certain aspects of the recruitment and hiring process, including resume review and candidate screening. AI-enabled tools are used to support hiring decisions and are not used as the sole basis for employment decisions. All employment decisions are reviewed and made by qualified Inland professionals.

We are a drug‑free workplace. Pre‑employment background checks and drug screening are conducted for all new hires in accordance with applicable laws and regulations.

Inland is committed to equal employment opportunity and considers applicants for all positions without regard to race, color, religion, sex, national origin, age, sexual orientation, familial status, marital status, veteran status, disability, or any other status protected by applicable law. We do not use AI or any selection tools in a manner that results in unlawful discrimination based on any protected characteristic.

We are an E‑Verify employer.