What are the responsibilities and job description for the Treasury Associate position at Ascent Developer Solutions?
About Ascent
Ascent Developer Solutions is a leading private lending platform, serving real estate developers nationwide in the acquisition, renovation, and construction of residential real estate. Founded by a leadership team with a deep understanding and personal experience in virtually every facet of real estate development, Ascent is uniquely positioned to create custom, innovative lending solutions for a variety of real estate development business strategies.
The Role
The Treasury Associate will play a key role in supporting and optimizing the treasury operations at Ascent Developer Solutions. This position is responsible for assisting with daily treasury activities, contributing to financial strategies, and ensuring compliance with financial regulations, all to help maintain the company's financial health and operational efficiency.
The Work
- Cash and Liquidity Support : Assist in the development and execution of cash management and forecasting capabilities ensuring operational liquidity needs are satisfied.
- Banking and Funding Coordination : Work collaboratively with internal teams and third-party capital providers to ensure timely and accurate execution of loan fundings and financings. Support the documentation and tracking of credit facilities and funding arrangements.
- Operational Support : Execute and refine treasury processes to improve efficiency and accuracy. Maintain borrower base reports, assist in compliance with loan agreements and facility covenants.
- Data Flow Coordination : Assist in mapping and optimizing data flow processes within treasury operations to improve transparency and operational efficiency.
- Risk and Compliance Monitoring : Support the monitoring of financial risks related to treasury operations. Assist in ensuring adherence to internal controls, policies, and regulatory requirements. Identify and address discrepancies in financial records and reports.
- Documentation Maintenance : Assist in the implementation and refinement of treasury policies and procedures in alignment with best practices and regulatory requirements. Maintain and update documentation ensuring consistency and adherence to established guidelines.
- Cross-Department Collaboration : Work with teams across Credit, Legal, Technology, Data Analytics, Operations, Construction, and Finance to support cohesive capital management strategies.
- Reporting and Analysis : Prepare and distribute reports on treasury activities, cash positions, and financial risks. Provide detailed insights and assist in creating recommendations for management.
Your Skills and Experience
The Pay
Salary range is $110,000-$125,000 per year, with a discretionary bonus adding up to 15% per year
The Work Environment
Ascent's Benefits
We offer a comprehensive benefits package designed to support your health, well-being, and work-life balance. Our benefits include five health plans, four dental plans, health savings and flexible spending accounts, vision coverage, and other optional benefits to choose from.
Ascent's Pledge
We pledge to be fair and considerate in hiring and promoting individuals, ensuring everyone can contribute their fullest potential regardless of background, identity, or personal circumstances. By promoting equal opportunity, we not only enhance our workplace but also contribute to a more just and equitable society. At Ascent, we stand united in building a community where everyone is empowered to succeed. Thank you for joining us on our journey towards a more inclusive future.
Salary : $110,000 - $125,000
