Treasury Associate - Cotton Holdings

Description

Key Responsibilities

• Positive Pay Monitoring: Review daily exceptions in US bank accounts for both checks and ACH transactions, ensuring any discrepancies are addressed.
• ZBA Transfers: Make accurate entries into ERP system for zero balance account (ZBA) transfers.
• Bank Reconciliations: Perform daily and weekly bank account reconciliations to ensure all transactions are accurately recorded.
• Cash Flow Reporting: Distribute a reconciled cash flow report from the previous day to relevant stakeholders.
• Bank Movement Monitoring: Scan current-day bank movements and ensure all relevant transactions are recorded.
• General Ledger Entries: Record treasury-related transactions such as payroll, 401k, Optum Bank transactions, and bank fees.
• End-of-Day Cash Flow Preparation: Gather and compile AP/AR data, spend details (drafts and AP), deposit information from each entity, and credit card balances to generate the end-of-day cash flow report.
• International Bank Accounts: Reconcile international bank accounts and ensure all movements are accurately recorded.

• ACH and Wire Processing: Manually process ACH and wire payments for lien waivers, Bank remittances, per diem wires, and one-off payroll ACHs as directed by HR/Payroll.
• Vendor Banking Verification: Verbally verify any new or updated banking instructions from vendors to ensure compliance and avoid fraud.
• IFS Payment Processing: Create payment orders and submit them to the bank for processing, ensuring timely payment execution.
• Check Voiding: Process check voids by reviewing outstanding checks, confirming non-payment, and entering voids into both the bank website and ERP System.

• Data Entry: Enter vendor and employee banking information into ERP System and US Bank account, ensuring accurate data for payments.
• Research Bank Transactions: Investigate various drafts or receipts that hit the bank, ensuring all transactions are accounted for and recorded accurately.

• Bank Statements: Save all monthly bank statements and prepare reconciliations for each bank account, ensuring accurate month-end close.
• International Payroll and Payments: Manage payroll transfers for International employees, including entering vendor and employee information and processing payments via online banking. Buy and sell foreign currency as needed to maintain appropriate balances in international accounts.

• WEX Card Management: Administer the WEX card program, including ordering/canceling cards, reporting fraud, initiating limit changes, and managing floater cards. Ensure timely resolution of issues and fraud reports.
• Credit Card Program: Oversee the credit card program, managing card issuance, suspensions, fraud reporting, and limit changes in line with company policies.

Skills, Knowledge and Expertise

• Bachelor’s degree in Finance, Accounting, or a related field preferred
• 1-3 years of experience in treasury or financial operations.
• Experience with banking systems and payment processing, including ACH, wires, and reconciliation processes.
• Strong proficiency with ERP systems (IFS preferred) and various banking platforms such as PNC Bank.
• Bilingual in Spanish with proficiency in reading and writing, is strongly preferred.
• Strong attention to detail and analytical skills, with the ability to work independently and manage multiple tasks.
• Familiarity with corporate card programs, including WEX and Credit Card administration, is a plus.

Benefits

• Competitive Salary & Incentives: We offer a highly attractive salary, complemented by a lucrative incentive package that rewards your hard work.
• Comprehensive Benefits: Enjoy an industry-leading health insurance plan, ensuring you and your family are well taken care of.
• Work-Life Balance: Take advantage of Unlimited Paid Time Off to recharge and refresh when you need it.
• Career Growth: Join a company with a global footprint, where your career can grow alongside our ambitious goals.
• Collaborative Team Culture: Be part of a supportive and empowering team of finance professionals, with opportunities to contribute to cross-functional projects and shape financial strategies.