Treasury Specialist
Arbella Insurance Group
Date: 8 hours ago
City: Quincy, MA
Contract type: Full time
Why Arbella?
At Arbella, we’re focused on people. We work hard to attract and retain the best. That means providing a great work environment, encouraging work/life balance, offering flexible work arrangements, and competitive, industry-leading salaries and benefits packages. We invest in our employees and encourage them to grow so that we, too, can grow as a company.
Other Perks Include
It’s no wonder our employees have voted Arbella one of the Boston Business Journal’s “Best Places to Work” every year since 2009!
The Treasury Specialist has key roles in cash management and treasury management. It is critical for the individual in this role to possess excellent customer service skills and understand Arbella’s banking products and structure. Due to the high volume of transactions, and therefore exception items, this position requires the individual to act as a liaison between banks and internal departments. On a daily basis the company cash position is managed with the goal of a low average balance without being overdrawn. On a monthly, quarterly and annual basis, this position is responsible for cash flow analysis reports and managing the annual escheatment process.
Key Responsibilities
At Arbella, we’re focused on people. We work hard to attract and retain the best. That means providing a great work environment, encouraging work/life balance, offering flexible work arrangements, and competitive, industry-leading salaries and benefits packages. We invest in our employees and encourage them to grow so that we, too, can grow as a company.
Other Perks Include
- On-site gym and fitness classes and one-on-one personal training
- On-site nurse, nutritional counseling, and mental health resources
- Full-service cafeterias
- Free shuttle service to Quincy Adams T Station
- Tuition assistance programs
- Opportunities to get involved: Arbella Activities Committee, Diversity and Inclusion
- A company committed to community: volunteer opportunities, employee-led
- Robust training, mentorship, and professional/personal development programs
- Colleagues who genuinely care about each other
It’s no wonder our employees have voted Arbella one of the Boston Business Journal’s “Best Places to Work” every year since 2009!
The Treasury Specialist has key roles in cash management and treasury management. It is critical for the individual in this role to possess excellent customer service skills and understand Arbella’s banking products and structure. Due to the high volume of transactions, and therefore exception items, this position requires the individual to act as a liaison between banks and internal departments. On a daily basis the company cash position is managed with the goal of a low average balance without being overdrawn. On a monthly, quarterly and annual basis, this position is responsible for cash flow analysis reports and managing the annual escheatment process.
Key Responsibilities
- Determine daily cash position, manage bank balances, ensure adequate cash availability. Maintain daily cash records and reconciliation of bank activity
- Monitor cash activity, identify and research unusual items. Troubleshoot any issues that are brought up regarding cash receipt and disbursement processes. Manage affidavit of forgery process
- Review and resolve positive pay exceptions on a daily basis (checks improperly presented to bank)
- Transfer cash between accounts as necessary including ensuring excess funds are transferred to money market account or custody accounts as appropriate
- Maintain repetitive wire and ach instructions and authorizations
- Create and update Treasury reporting including Cash Flow report. Maintain focus on enhancing processes to create efficiencies and improvements
- Possesses a good understanding of bank products and services and their application to Arbella. Develop Insurance industry and company specific knowledge
- Possesses an approachable, engaging demeanor and promotes positive customer service in all dealings internally and externally. Act as liaison between the bank, Finance, and other departments at Arbella. Is able to build and maintain strong relationships with all internal and external contacts
- Manages escheatment process including maintaining outstanding check lists for bank accounts, sending due diligence letters and filing in accordance with state requirements and deadlines
- Plan and assist in product implementation and upgrades as needed
- Administer access to CashPro and other banking websites
- Maintain bank documentation and ensure treasury records are in compliance with Arbella’s record retention policy
- Support internal and external audits as needed
- Cross train in Accounts Payable to be effective backup, including running Accounts Payable and Expense settlements and setting up vendors as needed
- Bachelors Degree in Accounting or Finance
- 0-2 years experience in treasury, accounting or finance role
- Excellent customer service, communication and collaboration skills
- Achieves continuous improvement in the effectiveness and efficiency of the treasury function
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