Treasury Associate

Ultimus Fund Solutions; New York (NY); On-site; USD 55,000 - 75,000; Full time

Job summary

Ultimus Fund Solutions is seeking a Treasury Associate I to manage payment processing, including wires, ACHs, and checks, across multiple banking platforms. The role supports treasury operations, coordinates payment volumes, and assists with review and inquiries on electronic payments.

The position emphasizes accuracy, fast-paced multitasking, and collaboration with internal teams to maintain client payment integrity and compliance with industry standards.

Qualifications

• Bachelor’s Degree preferred; alternative experience may be considered.
• 0-1 years’ experience in banking, treasury, accounting or finance with direct exposure to electronic payments.

Responsibilities

• Prepare transactions including wires, ACHs and checks on multiple banking platforms.
• Process bulk investor wire payment files and investor payments via templates.
• Obtain and demonstrate understanding of 20+ online banking platforms.
• Process digital and mailed deposits and maintain check log.
• Collaborate with other units to support payment processing.
• Assist with training and updates for treasury procedures.

Skills

Client service

Multi-tasking

Communication skills

Attention to detail

Organization

Problem solving

Education

Bachelor's degree preferred

Associate's degree or equivalent experience

Tools

Microsoft Excel

Online banking platforms

Job description

The Treasury Team is responsible for the development, implementation, research, and review of treasury and compliance processes for transaction requests and other items created on behalf of our clients. This includes staying current with industry regulations and standards. This position is fast-paced, high volume and team oriented. The Treasury Associate I’s primary responsibility will be to accurately prepare wires, ACH and check payments. This position will also be responsible for coordinating payment volume among colleagues, assisting in the review of transactions prepared by other teammates and advising on electronic payment and banking platform application questions.

ESSENTIAL DUTIES AND RESPONSIBILTIES

• Prepare transactions including investment wires, vendor ACHs and checks on multiple banking platforms;
• Process bulk investor wire payment files and investor payments via static wire templates;
• Obtain and demonstrate thorough understanding of 20+ online banking platforms;
• Process digital and mailed deposits and maintain incoming check log;
• Collaborate with other functional units to obtain all support necessary to process payments;
• Assist with training and updates for treasury procedures;
• Scanning and monitoring KYC/OFAC compliance and watch lists and;
• Coordination and completion of special projects as assigned by management.

PROBLEM RESOLUTION AND ADMINISTRATION

• Ability to multi-task between different tasks and internal demands throughout the day;
• Ability to professionally and confidently advise colleagues on processes;
• Continually updates job knowledge by participating in educational opportunities; internal company and team trainings; maintains personal networks; participates in professional development opportunities and;
• Additional duties as assigned by management.

May perform other duties as required and assigned.

KNOWLEDGE AND SKILLS

• Excellent client service skills with an aptitude to understand the clients’ business and maintain strong client relationships;
• Dedication and motivation to achieve high standards of client service and professional in the performance of duties;
• Ability to organize and prioritize work;
• Demonstrate sound research, interpretive and problem-solving abilities;
• High attention to detail and ability to multitask without hindering accuracy and timeliness in a fast-paced environment with competing demands is a must;
• Proficiency in Microsoft Excel required;
• Planning and problem-solving skills required and;
• Ability to communicate and interact professionally and effectively through written and oral communication with current and potential clients.

EDUCATION AND EXPERIENCE

• Bachelor’s Degree preferred. Associate’s Degree or direct experience may be considered in lieu of a Bachelor’s and;
• 0-1 years’ experience in banking, treasury, accounting or finance with direct exposure to electronic payments.

Equivalent education and experience will be considered.

PHYSICAL AND OTHER REQUIREMENTS

• At times, as business needs arise and employees are required and agree to work beyond their normal work day or work week to fulfill the accountabilities required for their job.
• The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
• While performing the duties of this job, the employee is regularly required to sit and stand;
• The employee must occasionally lift and/or move up to 10lbs and;
• Specific vision abilities are required within this position.
• Occasional travel (approximately 10% or less) may be required in this position.
• Reasonable accommodations may be made to enable employees to perform the essential functions.