What are the responsibilities and job description for the Treasury Analyst position at Arbella Service Company, Inc.?
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, competitive salaries and exceptional 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 Council, and more • A company committed to community: volunteer opportunities, employee- led community efforts, and the Arbella Insurance Foundation • Robust training, mentorship, and professional/personal development programs • Colleagues who genuinely care about each other Arbella is committed to building a workplace that’s diverse, inclusive, and equitable for everyone. We’ve created a culture that supports a diverse workplace where all are valued for their talents and are empowered to reach their full potential. 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 Analyst has key roles in treasury management, cash management and analysis. Due to the high volume of transactions and exceptions that can come up, this position requires the individual to build working relationships with banks and internal departments. Working directly with the Assistant Treasurer, on a daily basis this position is responsible for managing the company cash position 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 reporting and forecasting, debt service approval and payment process, and managing the annual escheatment process. Key Responsibilities: Treasury Management Prepares monthly cash activity reports, cash forecasts and other analysis as needed Possesses a good understanding of bank products and services and their application to Arbella Possesses an approachable, engaging demeanor and promotes positive customer service in all dealings internally and externally. Acts as liaison between the bank, Finance department, 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 all bank accounts, sending due diligence letters and filing in accordance with state requirements and deadlines. Manage debt service payments and reporting, administer process to obtain approval from regulators Plan and assist in product implementation and upgrades as needed Troubleshoot any issues that are brought up regarding cash receipt and disbursement processes. Manage affidavit of forgery process Administer access to CashPro and other banking systems and websites Maintain bank documentation and ensure treasury records are in compliance with Arbella’s record retention policy Support internal and external audits as needed Cash Management Determine daily cash position, manage bank balances, ensure adequate cash availability Monitor cash activity, identify and research unusual items Monitor electronic payment process of corporate concentration cash account including payroll, 401K, reinsurance and other miscellaneous payments 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 Maintain daily cash records and reconciliation of bank activity Be a key contributor for IT projects on the treasury side, and implement new processes as needed Key Requirements: Bachelors Degree in Accounting or Finance 2 plus years experience in an accounting or finance role Excellent customer service, communication and collaboration skills #LI-MG1 Voted Boston’s #1 Best Place To Work by the Boston Business Journal in 2023! People stay when they love a company and its culture—and our average tenure is 12 years! We take care of our people with the same warmth and dedication that we do our customers. There is an energy here at Arbella. We are a people-first organization, and you feel that from the moment you walk in the door. Browse open positions and find your perfect fit.
