What are the responsibilities and job description for the Cash Management Assistant position at LDG Development?
LDG Development, an industry leader in multifamily development, has an immediate and unique opportunity for a highly motivated and experienced Retail/commercial Banking professional to join the Accounting and Cash Management division. The successful candidate will support the Director of Cash Management with department functions, financial reporting, and account transactions. This role requires strong analytical skills, attention to detail, and the ability to work efficiently in a fast-paced environment.
- Cash Management: Assist in monitoring daily cash balances and prepare cash forecasts to ensure sufficient liquidity for operational needs.
- Monthly Statement Processing: Responsible for downloading and saving monthly bank statements, reporting interest and dividend earnings, and tracking account associated fees across all company accounts.
- Cash Management Systems: Assist in maintaining and updating cash management systems and reporting tools.
- Payment Processing: Facilitate the preparation and processing of payments, including ACH payments, bank transfers, wire payments, and other payment methods.
- Documentation and Reporting: Maintain accurate records of transactions and prepare reports on cash flow, bank balances, and other cash management-related activities.
- Compliance: Ensure compliance with internal controls, company policies, and relevant regulations.
- Communication: Communicate with banks, financial institutions, and internal departments to address inquiries and resolve issues.
- Ad Hoc Tasks: Perform additional duties and special projects as assigned by the Director of Cash Management or Chief Financial Officer.
Qualifications:
Education: Bachelor’s degree: Finance, Accounting, Business Administration, or a related field preferred.
Experience: Minimum of 1-2 years of experience in a finance or accounting role, with exposure to cash management systems.
Skills:
- Strong analytical and problem-solving skills.
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
- Experience with treasury management software or financial systems is a plus.
- Excellent organizational and time-management skills.
- Strong attention to detail and accuracy.
- Experience with commercial banking, relationship banking, retail banking or transactional reconciliation HIGHLY Preferred
Attributes:
- Ability to work independently and as part of a team.
- Effective communication and interpersonal skills.
- High level of integrity and professionalism.
