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Equity Residential · 1 day ago

Senior Treasury Operations Analyst

Greater Chicago Area

Full-time

Onsite

Mid, Senior Level

$94K/yr - $115K/yr

5+ years exp

Equity Residential is a leading company in the real estate sector, seeking a Senior Treasury Operations Analyst to manage treasury functions and support financial initiatives. In this role, you will collaborate with various teams to ensure effective treasury operations while maintaining compliance and enhancing operational efficiency.

Property ManagementReal Estate

Hiring Manager

Keith Teresi

Responsibilities

Responsible for completing various quarterly reports, including the reconciliation of cash accounts, analyzing the company’s debt portfolio, investment memo, escrow analysis, budgets, and accruals

Deliver detailed account analysis reports to identify any discrepancies or deviations, while working closely with the Manager to convey findings and address issues with the banking services provider

Maintain consistent communication with banks or vendors regarding new treasury management products and services. Additionally, identify and present opportunities to negotiate favorable rates with current service providers or explore potential alternative services offered by new providers

Lead the implementation of new products or services by identifying requirements, coordinating with banks/vendors, and collaborating with the IT Department, as needed, and assist in the testing and implementation of Treasury workstation software updates

Establish and maintain robust controls within the treasury department to mitigate risks and ensure compliance with internal policies and external regulations. This involves preparing, reviewing, and maintaining internal audit compliance records in Auditboard, ensuring all assigned controls are kept up to date and accurately documented. Overseeing proper controls for cash receipts, disbursements, and general Treasury activities. Additionally, collaborate with Internal Audit as needed to address inquiries, provide additional support, and conduct transaction testing on primary banks’ websites

Ensure the maintenance and organization of audit backup files to establish an efficient folder structure for documentation and easy retrieval of information for other team members

Create metrics for debt and payment reporting, encompassing frequency, volume, and differentiation between internal and external payments

Perform thorough analysis of actual interest income and expenses in comparison to budgets and forecasts. Identify variances and clarify key factors contributing to the disparities

Accurately record interest and loan activity for debt associated with joint ventures, encompassing interest payments, loan draws, and repayments/capitalizations

Ensure adherence to covenant terms and conditions by communicating with leaders across the organization, to confirm compliance with financial covenants. Monitor for potential non-compliance and take appropriate action as needed

Troubleshoots day to day cash management issues, as needed

Monitors and oversees existing bank account services and signatories including bank account administration for opening and closing accounts and performs monthly Account Analysis review to confirm charges and services are accurate

Collaborates and supports internal business partners including Accounting, Tax, Legal and Property Operations

Serve as a backup for the Cash Ledger processes, including tasks such as identifying and removing duplicates, accurately coding transactions with appropriate descriptions, and conducting various checks and balances. This process requires careful attention to detail, including gathering all necessary backup documentation, and accurate coding of transactions in the Treasury Workstation ("Quantum"). Additionally, the role entails investigating any unidentified transactions or postings to maintain the integrity of financial records

Monitors segregated security deposits and other miscellaneous investments. This involves setting up new investment accounts and investing or redeeming funds as necessary. Gives timely direction to bank(s) on reinvesting funds, and updates/distributes investment tracking sheets

Backup other members of the department for treasury functions on an as needed basis. This includes corresponding with the banks and internal staff on various issues/problems, running and reviewing certain reports, posting cash activity in the treasury workstation, concentrating cash balances, processing required fundings, and investing or redeeming excess cash

Contributes to designing, recommending improvements, and documenting Treasury processes, within both Operations and Debt Compliance

Assist in the testing and implementation of Treasury workstation software updates

Takes leadership role during the absence of management by handling priority cash concerns, system requirements, and any other escalation matters. At times, may also assist with cash forecasting and commercial paper dealing functions, ensuring timely funding while minimizing costs

Represents the Company in a professional manner at all times. Consistently maintains a professional courteous attitude when dealing with residents, coworkers and the general public

Performs special projects as assigned. Performs other duties as necessary

Qualification

Treasury Management SystemsCash ManagementAccountingCertified Treasury ProfessionalMicrosoft ExcelEffective CommunicationAttention to DetailTeam PlayerOrganizational SkillsProblem Solving

Required

Applicants must hold a Bachelor's degree in Accounting, Finance, Business, or related field

A minimum of 5-years of experience in accounting or treasury roles is required, demonstrating proficiency and a deep understanding of treasury operations and proactive problem-solving abilities

Familiarity with treasury workstations is essential, with at least 5-years of working knowledge. (Quantum Preferred)

Candidates must exhibit strong communication skills to engage effectively with bank personnel and internal stakeholders

A self-starting attitude, strong organization, and prioritization abilities are necessary

Exceptional attention to detail, follow-up skills, and computer literacy are a must

Proficient in Microsoft Excel and other Microsoft Office products, with the ability to create, analyze, and present data effectively