Treasury Specialist

Socket.dev; Mendota Heights (MN); Hybrid; USD 55,000 - 75,000; Full time

Benefits offered by this job

Paid Vacation and Holidays

Medical Insurance

Dental Insurance

Vision Insurance

401(k) Plan with Company Match

Flexible Spending Accounts

Long-Term Disability – Employer Paid

Short-Term Disability – Employer Paid

Employee Assistance Program

Employee Referral Program

Job summary

Summit Companies is seeking a Treasury Specialist to support accounting, A/R, cash applications, and A/P teams by reconciling daily cash activity and reporting discrepancies. The role requires strong Excel skills and familiarity with Oracle Fusion Cash Management.

You will perform bank reconciliations, cash postings, and journal entry postings while monitoring liquidity and preparing daily cash reports for management. A high school diploma is required, with an Associate’s or Bachelor’s preferred.

Qualifications

• Must read, write and communicate in English.
• Proficiency in MS Excel with formulas (e.g. VLOOKUP) is preferred.

Responsibilities

• Perform daily cash reconciliations for multiple bank accounts.
• Cash posting of direct debit payments and non-customer transactions.
• Prepare, review, and post journal entries.
• Monitor daily liquidity metrics and distribute reports to management.
• Enter cash payment transactions into banking software.
• Process cash transfers between accounts.
• Assist with month-end cash reconciliations.
• Provide general accounting team support as needed.

Skills

English communication

Microsoft Excel

Microsoft Office

Education

High School Diploma or equivalent

Associate’s or Bachelor’s degree preferred

Tools

Oracle Fusion Cash Management

Job description

JOB SUMMARY

The Treasury Specialist is responsible for supporting the accounting, accounts receivable, cash applications and accounts payable teams with reconciling daily cash activity and identifying, tracking and reporting discrepancies.

ESSENTIAL JOB DUTIES

• Perform daily cash reconciliations for multiple bank accounts to ensure accuracy and completeness. Daily cash account reconciliations.
• Cash posting of direct debit payments and non-customer related transactions.
• Prepare, review, and post journal entries accurately and in a timely manner. Journal entry postings.
• Monitor daily liquidity metrics and distribute reports to management. Daily cash level reporting.
• Enter cash payment transactions into banking software accurately and timely. Input of cash payments into banking software.
• Process cash transfers between accounts as required. Transfers of cash between accounts.
• Support month-end cash reconciliation activities. Assistance with month-end cash reconciliations.
• Provide general assistance to the Accounting team as needed. Assist Accounting team, as needed.
• Other duties may be assigned.

QUALIFICATIONS

The qualifications listed below are representative of the elements required to perform the job successfully; however, in some cases, an equivalent combination of Education, Training, Certifications and Experience may meet the job qualifications.

Education, Training, Certifications

• High School Diploma or equivalent, required.
• Associate’s or Bachelor’s degree in relevant field, preferred.

Experience, Knowledge, Skill Requirements

• 2+ years of accounting, treasury or relevant experience, required.

Communication Skills

• Must have the ability to effectively read, write and communicate in English with employees and customers.

Systems and Software Skills

• Ability to operate a computer and use Microsoft Office, required.
• Proficiency in Microsoft Excel, including certain formulas such as vlookups, highly preferred.
• Experience using Oracle Fusion Cash Management, preferred.

Other Qualifications

• Valid driver’s license with acceptable driving record required.
• Must be able to comply with Summit’s Drug and Alcohol policy and Background screening requirements, which may also include customer specific requirements based on contractual agreement.

PHYSICAL & WORK ENVIROMENT REQUIREMENTS

Reasonable accommodations may be made to enable individuals with disabilities to perform essential job duties.

Physical Requirements

While performing the duties of this job, the employee is required to sit and stand for long periods. Employee will occasionally be required to drive, bend, kneel, balance, lift <20lb, walk, stand, ascend/descend stairs, reach above and below shoulders, stoop, and twist.

Work Environment

Employee will consistently be required to work indoors in an office or remote setting, work alone and with others. Employee will occasionally be required to wear appropriate personal protective equipment, as required by company safety policies.

We are fully committed to equal opportunities for employment to all individuals regardless of race, national origin, gender, religion, sexual orientation, disability, familial status, and any other classification protected under the law. We are an Equal Opportunity, Aff

While this job description is intended to be an accurate reflection of the position, management reserves the right to modify, add, or remove duties and to assign other duties as necessary.

#LI-NF1

Benefits

Summit Companies offers extensive training opportunities, career advancement, competitive pay, bonus opportunities, along with an industry leading and affordable benefits package for eligible employees. Our benefits package includes:

• Paid Vacation and Holidays
• Medical Insurance
• Dental Insurance
• Vision Insurance
• 401(k) Plan with Company Match
• Flexible Spending Accounts
• Long-Term Disability – Employer Paid
• Short-Term Disability – Employer Paid
• Additional Voluntary Ancillary Benefits such as Accident and Hospital Indemnity
• Life Insurance for Team Members and Dependents
• Employee Assistance Program
• Employee Referral Program

Our Core Values

PIPE

• We arePASSIONATEabout life safety
• We haveINTEGRITY(Do the right thing)
• We work inPARTNERSHIPwith our customers and community
• We constantly strive forOPERATIONAL EXCELLENCE(Do things right)

Summit Companies participates in E-Verify & in alignment with our commitment to safety, we promote a drug-free workplace. Summit Companies is an equal-opportunity employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, gender, gender identity, sexual orientation, age, status as a protected veteran, among other things, or status as a qualified individual with a disability.