What are the responsibilities and job description for the Cash Management Specialist position at Michigan Staffing?
Direct hire with great salary, benefits and PTO.
Location: Troy (1 day from home – could expand to more once trained)
Hours: M-F 8am-5pm
Job Summary: Our client is the Midwest leader in workplace food and beverage offerings. They are currently seeking an experienced Cash Management Specialist to join their work family. The Cash Management Specialist is responsible for overseeing and optimizing the company’s cash flow. This role involves managing daily cash operations, ensuring liquidity, and supporting financial planning and analysis. Ideal candidate to have 3 years of experience in daily cash operations, bank account management, cash forecasting and modeling, and treasury operations.
Key Responsibilities:
- Daily Cash Operations: Monitor and manage daily cash balances, ensuring sufficient liquidity for operational needs.
- Cash Forecasting: Prepare and maintain cash flow forecasts to predict future financial positions and identify potential cash shortages or surpluses.
- Bank Relationships: Maintain and manage relationships with banking partners, ensuring efficient and cost-effective banking services.
- Reconciliation: Perform daily and monthly bank reconciliations, resolving any discrepancies promptly.
- Investment Management: Assist in managing short-term investments to optimize returns on excess cash.
- Compliance: Ensure compliance with internal controls, policies, and procedures related to cash management.
- Reporting: Prepare regular cash management reports for senior management, highlighting key metrics and trends.
- Process Improvement: Identify and implement process improvements to enhance the efficiency and effectiveness of cash management operations.
- Support: Provide support for treasury-related projects and initiatives as needed.
Qualifications:
- Education: Bachelor’s degree in Accounting, Finance, or a related field.
- Experience: Minimum of 3-5 years of experience in cash management, treasury, or corporate finance.
- Skills:
- Strong analytical and problem-solving skills.
- Proficiency in financial software and Microsoft Office Suite, particularly Excel.
- Excellent communication and interpersonal skills.
- Attention to detail and high level of accuracy.
- Ability to work independently and as part of a team.
Preferred Qualifications:
- Certified Treasury Professional (CTP) or similar certification.
- Experience with cash management systems and banking platforms.
Salary : $65,000 - $75,000
