Treasury Operations Analyst

Equity Residential; Illinois; Hybrid; USD 61,000 - 85,000; Full time

Job summary

Join a forward-thinking company as a Treasury Operations Analyst, where you'll play a vital role in cash management and financial reporting. This position involves reconciling cash flows, maintaining documentation for audits, and collaborating with accounting to ensure seamless treasury operations. You'll leverage tools to optimize processes and enhance efficiency while working in a hybrid environment that values diversity and wellbeing. If you're detail-oriented with strong analytical skills, this is an exciting opportunity to contribute to a thriving community and grow your career in finance.

Benefits

Medical, dental, and vision care

9 paid holidays

Annual vacation time

Paid sick leave

401(k) Retirement Savings Plan

Rent Discounts

Competitive Compensation

Paid Community Service Hours

Leadership Development

Qualifications

• 2-3 years of experience in accounting, treasury, or financial operations.
• Strong understanding of general ledger reconciliation and ERP systems.

Responsibilities

• Reconcile daily cash activity and maintain documentation for audits.
• Compile cash packages for accounting and generate funding reports.

Skills

Analytical Skills

Organizational Skills

Problem-Solving Skills

Effective Communication

Detail-Oriented

Education

Bachelor’s degree in Accounting

Bachelor’s degree in Finance

Bachelor’s degree in related field

Tools

FIS Quantum

ERP Systems

Treasury Management Software

Excel

Job description

At Equity Residential, we're dedicated to creating thriving communities, and we invite you to be part of our team. Embracing values like Diversity, Sustainability, and Total Wellbeing, we foster a workplace culture of authenticity and collaboration.

How We Deliver a Winning Performance:

• Question Authority
• Walk the Talk
• Share Knowledge
• Listen, not just Hear
• See the Glass Half Full
• Take Educated Risks
• Enjoy the Ride
• Share the Spotlight
• Do the Right Thing
• Test Your Limits

We Care About Your Total Wellbeing:

• Physical Wellbeing: Medical, dental, and vision care
• Social Wellbeing: 9 paid holidays, annual vacation time, paid sick leave, new parent benefits
• Financial Wellbeing: 401(k) Retirement Savings Plan, Rent Discounts, Competitive Compensation
• Community Wellbeing: Paid Community Service Hours
• Career Wellbeing: Leadership Development
• Learn more about our Total Wellbeing program here.

What You’ll Be Doing:

The Treasury Operations Analyst plays a critical role in ensuring accurate cash management and financial reporting. This role is responsible for reconciling cash flows, maintaining documentation for audits, and collaborating with accounting to ensure seamless treasury operations.

• Cash Reconciliation: Reconcile daily cash activity against cash flows in the treasury workstation (FIS Quantum), ensuring accurate accounting classifications. Investigate and resolve discrepancies between system records and bank statements. Perform daily reconciliations of cash receipts to maintain alignment between bank accounts and the general ledger.
• Documentation and Reporting: Compile and organize supporting documentation into daily cash packages for accounting and audit purposes. Generate weekly property funding reports and ensure payments match ledger activity. Maintain detailed records to support audit and compliance requirements.
• ERP and Month-End Processes: Finalize cash activity and upload data to the ERP system on a weekly and monthly basis. Support monthly and year-end closing by ensuring all cash receipts are accurately recorded.
• Process Optimization: Leverage tools in FIS Quantum to automate transaction matching and improve reconciliation processes. Identify and implement opportunities to enhance efficiency in cash applications. Document all processes to ensure consistency and clarity.
• Cross-Functional Collaboration: Partner with accounting, tax, and other stakeholders to gather accurate coding and communicate payment statuses. Manage the ACH Debit process, ensuring all debits are pre-approved and properly coded.
• Banking Coordination: Download and review monthly bank statements to verify alignment with recorded transactions. Support property funding transactions and respond to banking-related inquiries.
• Other Responsibilities: Reconcile monthly purchase credit card transactions and rent revenue accounts. Continuously improve processes to utilize treasury tools effectively, including automating transaction rules in FIS Quantum.

What You’ll Need to Thrive:

• Bachelor’s degree in Accounting, Finance, or related field.
• 2-3 years of experience in accounting, treasury, or financial operations.
• Strong understanding of general ledger reconciliation and ERP systems.
• Experience with FIS Quantum or similar treasury workstations is a plus.
• Excellent analytical, organizational, and problem-solving skills.
• Detail-oriented with strong follow-up capabilities.
• Effective communication skills for cross-functional collaboration.
• Experience with treasury management software and bank platforms.
• Proficient in Excel and familiar with ERP systems.

WORKING ENVIRONMENT: Office environment. Hybrid working environment: In-office (at 2 N. Riverside Plaza, Chicago, IL) and remote, in alignment with the company’s hybrid attendance policy.

Salary:

$61,286 - $84,268 / year; in addition to base salary, a discretionary annual bonus is provided.

The successful candidate's starting pay will be determined based on job-related skills, experience, and qualifications.