Cash Manager

Concert Group®; Arlington Heights (IL); On-site; USD 110,000 - 140,000; Full time

Benefits offered by this job

Performance-based bonus

Health benefits

Career advancement

Job summary

Concert Group in Arlington Heights, IL is seeking a skilled Cash Manager to oversee daily cash, liquidity planning, and banking relationships. You will ensure sufficient cash for operations and strengthen controls across the organization.

Collaborating with Finance, Accounting, and business partners, you will build cash forecasts, monitor inflows and outflows, identify liquidity risks, and drive process improvements to enhance accuracy and efficiency.

Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration, or related field.
• Minimum of 5 years in cash management, treasury, accounting, or related finance role.
• Strong understanding of cash forecasting, liquidity management, and internal controls.
• Advanced Excel skills for financial modeling and reporting.
• Experience with ERP/treasury systems and ability to learn new tools.
• Excellent analytical and communication skills.

Responsibilities

• Monitor daily cash balances and liquidity to ensure funding for operations.
• Develop and maintain short-term and long-term cash forecasts with input from partners.
• Prepare regular cash reporting, variance analysis, and liquidity updates for leadership.
• Manage bank accounts, online banking access, and relationships with banking partners.
• Oversee wire transfers, ACH payments, deposits, and other cash transactions.
• Collaborate with Accounting to optimize payment timing and working capital processes.
• Maintain cash management procedures and internal controls; ensure audit readiness.
• Identify cash management risks and implement process improvements.
• Support treasury system enhancements and related reporting projects.
• Provide documentation for internal and external audits.

Skills

Cash forecasting

Bank operations

Analytical thinking

Communication skills

Education

Bachelor’s degree in Finance/Accounting/Business Admin

Tools

Excel

ERP systems

Treasury management systems

Job description

Concert Group was launched in the fall of 2021 as a new kind of fronting company in the property casualty insurance market – one that’s designed to establish long-term relationships with our business partners and ensure their success by providing them with superior service.

Through our primary carrier, Concert Insurance®, and our E&S company, Concert Specialty®, we look for innovative and creative risk solutions to our partners’ needs while maintaining our commitment to underwriting discipline.

Our singular culture is defined by our vision, mission and values, all of which have been developed by our employees. Precision, problem solving and partnership are at the core of our value proposition, three promises that we aim to deliver on every day.

Role Summary

The Cash Manager is responsible for managing Concert Group’s daily cash position, liquidity planning, banking relationships, and cash forecasting processes. This role ensures sufficient cash is available to meet operating needs, supports prudent working capital management, and strengthens cash controls across the organization.

Working closely with Finance, Accounting, and business stakeholders, the Cash Manager will prepare accurate cash reporting, monitor cash inflows and outflows, identify liquidity risks and opportunities, and recommend process improvements to enhance efficiency, accuracy, and financial discipline.

Key Responsibilities

• Monitor daily cash balances, cash activity, and liquidity requirements to ensure funding is available for operational obligations.
• Develop, maintain, and improve short-term and long-term cash flow forecasts using input from Finance, Accounting, Claims, Underwriting, and other business partners.
• Prepare regular cash reporting, variance analysis, and liquidity updates for Finance leadership and senior management.
• Manage bank account administration, online banking access, and relationships with banking partners, including service quality, documentation, and fees.
• Oversee execution and review of wire transfers, ACH payments, deposits, and other cash transactions in accordance with approved policies and controls.
• Partner with Accounting to optimize payment timing, collections visibility, reconciliations, and working capital processes.
• Maintain and enhance cash management procedures, internal controls, segregation of duties, and audit-ready documentation.
• Identify cash management risks, control gaps, and process improvement opportunities; recommend and implement practical solutions.
• Support system enhancements, automation initiatives, and reporting improvements related to treasury and cash operations.
• Provide documentation and explanations for internal and external audit requests related to cash activity, bank accounts, and controls.

Required Skills and Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• Minimum of 5 years of experience in cash management, treasury, accounting, or a related finance role.
• Strong understanding of cash forecasting, liquidity management, bank operations, payment processes, and internal controls.
• Advanced Microsoft Excel skills, including financial modeling, data analysis, reconciliations, and reporting.
• Experience using ERP, banking, or treasury management systems; ability to learn and improve systems-driven processes.
• Excellent analytical, organizational, and problem-solving skills with strong attention to detail and accuracy.
• Strong written and verbal communication skills, with the ability to explain cash activity and liquidity trends to finance and non-finance stakeholders.

Preferred Skills and Qualifications

• Certified Treasury Professional (CTP), CPA, or related professional qualification.
• Property and casualty insurance, reinsurance, or financial services industry experience.
• Experience implementing or enhancing treasury management systems, banking platforms, or cash reporting tools.
• Experience documenting procedures, strengthening controls, and supporting audit or regulatory requests.

Compensation and Benefits

• Base annual salary: $110,000 - $140,000
• Performance-based bonus
• Comprehensive health and welfare benefits
• Meaningful opportunities for career advancement within our growing organization