Senior Treasury Operations Analyst

Equity Residential; Illinois; On-site; USD 94,000 - 115,000; Full time

Benefits offered by this job

Medical, dental, vision care

Paid holidays and vacation

401(k) retirement savings plan

Job summary

A leading property management company in Illinois is seeking a Senior Treasury Operations Analyst to manage treasury functions while collaborating with cross-functional teams. The successful candidate will have a Bachelor's degree in finance or accounting and at least 5 years of experience in treasury operations. Strong analytical and communication skills are essential. Competitive salary ranging from $94,000 to $115,000 plus a 10.5% discretionary annual bonus.

Qualifications

• 5+ years of experience in accounting or treasury roles required.
• Strong communication skills are necessary to engage with bank personnel.
• Exceptional attention to detail and follow-up skills are a must.

Responsibilities

• Manage day-to-day treasury functions and assist in strategic financial initiatives.
• Complete quarterly reports including cash account reconciliations and analyses.
• Ensure compliance with internal policies and external regulations.

Skills

Detail-Oriented

Effective Communicator

Tech Savvy

Team Player

Innovator

Education

Bachelor's degree in Accounting, Finance, Business or related field

Tools

Microsoft Excel

Treasury Management Systems (Quantum Preferred)

Job description

Senior Treasury Operations Analyst

Are you a detail-oriented finance professional with a passion for optimizing cash management and driving process improvements? We're looking for a Senior Treasury Operations Analyst to play a key role in managing day-to-day treasury functions and supporting strategic financial initiatives. In this highly collaborative role, you’ll work closely with cross-functional teams—including Accounting, Tax, Legal, and Property Operations—as well as external partners to ensure seamless execution of treasury operations. You’ll also contribute to debt and compliance activities and serve as a backup for critical Cash and Accounting functions within our treasury workstation. This is an exciting opportunity to make a tangible impact while ensuring strong internal controls and advancing operational efficiency.

Please note: This role requires on-site presence four days per week, from Monday through Thursday.

Who You Are

• Knowledgeable—You possess a solid understanding of payment systems, cash management, and control practices.
• Effective Communicator—Your communication skills are clear and effective, allowing you to convey ideas concisely.
• Detail-Oriented—A keen eye for detail and a process-oriented approach define your work style.
• Efficient and Effective—You handle pressure well and confidently organize tasks, perform quality checks, and re-prioritize to meet tight deadlines.
• A Team Player—You are a collaborative team player and a trusted colleague.
• Tech Savvy—You’re familiar with Treasury Management Systems, bank cash management portals, and the latest payment technology trends.
• Passionate, Motivated, Eager to Learn—You ask smart questions and regularly seek to understand. You invest extra energy to reach your goals and are always ready to take on new challenges.
• Innovator—Skilled at breaking down complex challenges, uncovering root causes, and implementing streamlined, sustainable improvements.

Responsibilities

• Responsible for completing various quarterly reports, including the reconciliation of cash accounts, analysis of the company’s debt portfolio, investment memo, escrow analysis, budgets, and accruals.
• Deliver detailed account analysis reports to identify any discrepancies or deviations, while working closely with the Manager to convey findings and address issues with the banking services provider.
• Maintain consistent communication with banks or vendors regarding new treasury management products and services. Additionally, identify and present opportunities to negotiate favorable rates with current service providers or explore potential alternative services offered by new providers.
• Lead the implementation of new products or services by identifying requirements, coordinating with banks/vendors, and collaborating with the IT Department, as needed, and assist in the testing and implementation of Treasury workstation software updates.
• Establish and maintain robust controls within the treasury department to mitigate risks and ensure compliance with internal policies and external regulations. This involves preparing, reviewing, and maintaining internal audit compliance records in Auditboard, ensuring all assigned controls are kept up to date and accurately documented. Oversee proper controls for cash receipts, disbursements, and general Treasury activities. Additionally, collaborate with Internal Audit as needed to address inquiries, provide additional support, and conduct transaction testing on primary banks’ websites.
• Ensure the maintenance and organization of audit backup files to establish an efficient folder structure for documentation and easy retrieval of information for other team members.
• Create metrics for debt and payment reporting, encompassing frequency, volume, and differentiation between internal and external payments.
• Perform thorough analysis of actual interest income and expenses in comparison to budgets and forecasts. Identify variances and clarify key factors contributing to the disparities.
• Accurately record interest and loan activity for debt associated with joint ventures, encompassing interest payments, loan draws, and repayments/capitalizations.
• Ensure adherence to covenant terms and conditions by communicating with leaders across the organization, to confirm compliance with financial covenants. Monitor for potential non‑compliance and take appropriate action as needed.
• Troubleshoot day‑to‑day cash management issues, as needed.
• Monitor and oversee existing bank account services and signatories including bank account administration for opening and closing accounts and perform monthly Account Analysis review to confirm charges and services are accurate.
• Collaborate and support internal business partners including Accounting, Tax, Legal and Property Operations.
• Serve as a backup for the Cash Ledger processes, including tasks such as identifying and removing duplicates, accurately coding transactions with appropriate descriptions, and conducting various checks and balances. This process requires careful attention to detail, including gathering all necessary backup documentation, and accurate coding of transactions in the Treasury Workstation ("Quantum"). Additionally, the role entails investigating any unidentified transactions or postings to maintain the integrity of financial records.
• Monitors segregated security deposits and other miscellaneous investments. This involves setting up new investment accounts and investing or redeeming funds as necessary. Gives timely direction to bank(s) on reinvesting funds, and updates/distributes investment tracking sheets.
• Backup other members of the department for treasury functions on an as‑needed basis. This includes corresponding with the banks and internal staff on various issues/problems, running and reviewing certain reports, posting cash activity in the treasury workstation, concentrating cash balances, processing required funding, and investing or redeeming excess cash.
• Contribute to designing, recommending improvements, and documenting Treasury processes, within both Operations and Debt Compliance.
• Assist in the testing and implementation of Treasury workstation software updates.
• Takes leadership role during the absence of management by handling priority cash concerns, system requirements, and any other escalation matters. At times, may also assist with cash forecasting and commercial paper dealing functions, ensuring timely funding while minimizing costs.
• Represents the Company in a professional manner at all times. Consistently maintains a professional courteous attitude when dealing with residents, coworkers and the general public.
• Performs special projects as assigned. Performs other duties as necessary.

Requirements

• Applicants must hold a Bachelor’s degree in Accounting, Finance, Business, or related field. Note: An advanced degree or possession of a Certified Treasury Professional (CTP) certification is a plus.
• A minimum of 5‑years of experience in accounting or treasury roles is required, demonstrating proficiency and a deep understanding of treasury operations and proactive problem‑solving abilities.
• Familiarity with treasury workstations is essential, with at least 5‑years of working knowledge. (Quantum Preferred).
• Candidates must exhibit strong communication skills to engage effectively with bank personnel and internal stakeholders.
• A self‑starting attitude, strong organization, and prioritization abilities are necessary. Previous experience leading projects or processes is a plus, along with the capability to thrive in high‑pressure environments.
• Exceptional attention to detail, follow‑up skills, and computer literacy are a must. Adaptability to changing responsibilities through cross‑training is pivotal for success in this role.
• ficient in Microsoft Excel and other Microsoft Office products, with the ability to create, analyze, and present data effectively.

Salary: $94,000 - $115,000 per year. Base plus 10.5% discretionary annual bonus.

Benefits

• Medical, dental, vision care and wellness programs.
• Paid holidays, annual vacation time, paid sick leave, new parent benefits, adoption assistance.
• Competitive compensation, 401(k) retirement savings plan, rent discounts, FSA/HSA, and company‑paid life & disability insurance.
• Paid community service hours.

Equity Residential is an Equal Opportunity Employer. We are committed to equal employment opportunities for all job applicants and employees. No job applicant or employee will be discriminated against because of race, religion, color, sex, sexual orientation, gender, gender identity, age, disability, pregnancy, national origin, military or veteran status, or any other characteristic protected by applicable law. Equity Residential is committed to hiring a diverse workforce. Equity Residential has a smoke‑free workplace environment.