What are the responsibilities and job description for the Cash Operations Analyst position at Ren?
Ren is an Employee Voted Top Workplace 2 Years Running!
The Cash Operations Analyst will join our Cash Operations team and will be responsible for incoming fund transactions and processing outgoing fund transactions. This would involve pulling daily banking activity, reconciling activity with the Cash Operations team to reconcile entries, collaboration with Operations for appropriate issuing outgoing funds, and coding/depositing incoming checks as well as application of incoming funds.
The Cash Operations team is a critical component of the overall operations at Ren, ensuring all funds are properly accounted for and applied. Ren is entrusted with over $20B of assets under administration, most of which is cash at some point in its life cycle. Therefore, the Cash Operations Analyst role is a key role to ensure all cash is recorded quickly and accurately. The ideal Cash Operations Analyst is a highly motivated professional with strong technical skills, high level of critical thinking as well as strong attention to detail. As the Company continues to grow, we will look to further develop this role to meet the growing responsibilities on the Cash Operations team.
Duties & Responsibilities
- Pull daily banking activity and review transactions to identify incoming fund transactions.
- Reconcile entries and resolve any discrepancies.
- Facilitate the appropriate issuing of outgoing funds.
- Code and deposit incoming funds efficiently and accurately.
- Maintain comprehensive records of all fund transactions and ensure compliance with relevant regulations and policies.
- Continuously evaluate and enhance existing processes to improve efficiency and accuracy.
Education & Experience
- A bachelor's degree in finance, accounting, or a related field is preferred.
- Proven experience in fund administration, cash operations, or similar role.
- Strong technical skills, including proficiency in financial software and tools.
- Excellent critical thinking abilities with a keen eye for detail.
- Demonstrated ability to work effectively in a fast-paced environment with tight deadlines.
- Strong communication and interpersonal skills to collaborate with cross-functional teams.
- Familiarity with regulatory requirements and best practices in fund administration is a plus.