The Supervisor, Treasury Services, will supervise and assist with the daily activities of the firm's Treasury Services team, which consists of four (4) individuals. This includes monitoring and reporting daily cash positions, managing banking relationships and services, managing firm borrowings and repayments, recording all global cash collections (i.e., applying cash received to Accounts Receivable globally), overseeing wire transfers and maintaining proper internal controls and segregation of duties across all treasury-related functions and cash accounts globally.
Key Responsibilities
Review and deliver to the CFO the Daily Cash Position Report, which reflects opening bank balances and daily bank account activities.
Manage daily cash balances. Arrange for borrowings from the firm's Line of Credit and/or invest excess cash in money market accounts.
Ensure all global client collections are recorded against account receivable invoices daily. Research and investigate allocations for unidentified collections, including reaching out to the banks for information that helps identify proper disposition of cash receipts.
Review all daily outgoing wire transfer requests to ensure they are processed correctly and in a timely manner. Review and approve Wire Transfer Template setups for new payees. Act as main point of contact for the bank to address any issues or concerns. Ensure that all foreign currency wires and checks are processed properly.
Act as liaison between firm and bank to become aware of and, when necessary, acquire new banking services to better help support our treasury operations. Have working knowledge of bank systems, in order to address all account issues.
Supervise and delegate responsibilities to a Treasury Services team of four (4) members; review and approve their daily work; assure all issues are handled properly and in a timely manner; provide assistance and advice when needed; and monitor all emails that come through the Treasury Services group email.
Review monthly bank account reconciliations and ensure they are completed on a timely basis. Ensure reconciling items are researched and properly addressed.
Ensure Treasury Services team is cross-trained to cover daily operations for all Treasury-related responsibilities.
Ensure the month- and year-end close processes are completed timely and accurately, including approving all journal entries prepared by members of Treasury Services. Ensure month-end reports are run, balanced, and distributed to all groups, as needed.
Coordinate closely with the Accounts Payable department to process Rush Check requests and arrange for checks to be mailed or hand-delivered in a timely manner, as needed. Oversee handling of petty cash.
Oversee and assist with the preparation of the daily, monthly, and annual Cash Forecasts, which includes coordinating with various internal divisions.
Manage and oversee all Client Trust Accounts to ensure that client funds are managed accurately. Assist with requests to hold funds in IOLA accounts or sub-escrow accounts, supplying proper forms that need to be completed, and coordinating with the firm's Anti-Money Laundering team to clear all related parties prior to accepting or disbursing client trust funds. Maintain accurate account logs and system postings to reflect incoming and outgoing trust transactions.
Maintain effective internal procedures and manuals related to the Treasury team's operations. Maintain the Treasury Business Continuity Plan.
Assist with auditor requests.
Perform/coordinate special projects as assigned by manager, including participation in the firm's financial system conversion from Thomson Reuters Elite Enterprise to Elite 3E, as it pertains to Treasury-related areas.
Knowledge, Skills & Attributes
Detail-oriented with a focus on handling time-sensitive transactions with a high degree of accuracy.
Ability to work in a high volume, service-oriented environment.
Good written and verbal communication skills.
Strong emphasis on teamwork.
Computer literate, including MS Office Software, particularly Word and Excel
Knowledge of treasury-related services and banking systems (knowledge of Citibank systems a plus).
Education & Experience
Bachelor's and/or advanced degree in Accounting, Economics or Finance.
5+ years of experience working in a treasury function.
Prior supervisory experience.
Physical Activity/Other Miscellaneous
May be required to circulate around the office to obtain wet signatures from authorized signers on checks, wire transfer requests, or other documentations as needed.
Ability to work extended hours and on weekends as necessary.
If you are hired, we will require you to prove that you have received the COVID-19 vaccine or have a valid religious or medical reason not to be vaccinated.
