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Wayne State University · 1 day ago

Treasury Analyst, Cash Management (entry or senior)

Detroit, MI

Full-time

Hybrid

Entry, Mid, Senior Level

1+ years exp

Wayne State University is a premier public research university located in Detroit, Michigan, seeking a Treasury Analyst for its Cash Management department. The role involves supporting banking operations, liquidity management, and financial reporting, requiring strong analytical skills and attention to detail.

Responsibilities

Prepare daily cash position reports to monitor and forecast cash requirements

Perform cash reconciliations to ensure accuracy and completeness of financial records

Analyze bank funding needs, recommend, and execute funds transfers as required

Facilitate processing of banking transactions in accordance with University policies and procedures

Review payment documents for accuracy and compliance before processing payments. This includes payments for debt service, to custodial banks, tax authorities, and other parties

Ensure accuracy and compliance with generally accepted accounting principles (GAAP), University policies, and divisional objectives

Prepare, analyze, and reconcile treasury financial transactions and reports to Banner FMS (Financial Management System), bank statements, custodian records, and investment manager reports

Prepare and analyze journal vouchers for cash management and investment transactions

Support the University's compliance with Payment Card Industry (PCI) standards related to credit card transactions

Willingness and ability to participate in cross-training initiatives aimed at developing proficiency across multiple departments within the organization

Identify opportunities for process improvements within treasury operations and work collaboratively to implement best practices

Interact regularly with bank staff to manage banking relationships and ensure efficient services

Serve as a resource and liaison for staff across the University regarding banking services

Act as a security administrator for online banking systems used by the Treasury Department

Support internal and external treasury financial reporting requirements and prepare supporting schedules

Account for the University's cash pool investments, including financial reporting and analysis

Prepare fiscal year-end reports, including financial statement footnotes for cash, investments, and debt

Develop and implement controls to mitigate financial risks and ensure compliance with regulatory requirements

Drive continuous improvement in treasury policies, procedures, and systems to enhance operational efficiency and effectiveness

Qualification

Financial Management SystemsAnalytical SkillsProcess ImprovementMicrosoft ExcelPayment Processing SystemsCommunication SkillsTeam CollaborationContinuous LearningProblem-Solving Skills

Required

Bachelor's degree

Bachelor's degree from an accredited college or university in Finance, Accounting, Business Administration, or equivalent combination of education and/or experience

Entry level (minimum 1 year of job-related experience)

Knowledge of financial systems and Microsoft Excel

Experience with process improvement initiatives and implementing operational efficiencies

Excellent analytical skills and ability to interpret complex financial data

Analytical Skills: Quantitative and qualitative analysis skills to interpret financial data and identify trends

Financial Systems: Proficiency in using Financial Management Systems (FMS) and spreadsheets (e.g., Excel) for analysis, reporting, and decision-making

Problem-Solving Skills: Ability to identify financial issues, analyze root causes, and support decision making

Communication Skills: Clear and effective communication skills to articulate financial concepts and strategies to stakeholders at all levels of the organization

Continuous Learning: Willingness to stay updated on industry trends, regulatory changes, and advancements in treasury management practices

Team Collaboration: Experience working collaboratively with cross-functional teams, including finance, accounting, legal, and operational departments

Experienced (minimum 3 years of job-related experience)

Minimum 3 years of progressive experience in treasury management, with a strong focus on operations, process improvement, and financial analysis